Summit Trail Advisors LLC Invests $213,000 in Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Summit Trail Advisors LLC bought a new stake in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 1,679 shares of the company's stock, valued at approximately $213,000.

Other hedge funds also recently made changes to their positions in the company. Wesbanco Bank Inc. lifted its stake in shares of Sprouts Farmers Market by 0.3% in the 4th quarter. Wesbanco Bank Inc. now owns 28,659 shares of the company's stock valued at $3,642,000 after acquiring an additional 77 shares during the last quarter. Greenleaf Trust boosted its holdings in shares of Sprouts Farmers Market by 1.2% during the 4th quarter. Greenleaf Trust now owns 6,715 shares of the company's stock valued at $853,000 after buying an additional 80 shares in the last quarter. Foundations Investment Advisors LLC boosted its stake in Sprouts Farmers Market by 1.4% during the fourth quarter. Foundations Investment Advisors LLC now owns 6,649 shares of the company's stock worth $845,000 after acquiring an additional 90 shares in the last quarter. Ballentine Partners LLC boosted its position in shares of Sprouts Farmers Market by 2.6% in the 4th quarter. Ballentine Partners LLC now owns 3,849 shares of the company's stock worth $489,000 after purchasing an additional 96 shares in the last quarter. Finally, CIBC Asset Management Inc grew its stake in shares of Sprouts Farmers Market by 3.6% in the 3rd quarter. CIBC Asset Management Inc now owns 2,917 shares of the company's stock worth $322,000 after buying an additional 101 shares during the last quarter.

Analyst Ratings Changes

A number of brokerages have issued reports on SFM. The Goldman Sachs Group lifted their price objective on Sprouts Farmers Market from $127.00 to $159.00 and gave the company a "buy" rating in a research note on Friday, November 1st. BMO Capital Markets upped their price target on shares of Sprouts Farmers Market from $102.00 to $140.00 and gave the stock a "market perform" rating in a research note on Thursday, October 31st. Bank of America increased their price objective on shares of Sprouts Farmers Market from $165.00 to $185.00 and gave the company a "buy" rating in a research report on Tuesday, February 11th. Evercore ISI lifted their target price on shares of Sprouts Farmers Market from $155.00 to $160.00 and gave the stock an "outperform" rating in a report on Tuesday, December 3rd. Finally, Wells Fargo & Company increased their price target on shares of Sprouts Farmers Market from $130.00 to $140.00 and gave the company an "equal weight" rating in a report on Thursday, January 30th. Eight investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat, Sprouts Farmers Market currently has a consensus rating of "Hold" and an average target price of $124.40.

Sprouts Farmers Market Stock Performance

SFM traded up $0.75 during mid-day trading on Friday, reaching $177.12. 1,225,716 shares of the company traded hands, compared to its average volume of 1,151,664. The company's fifty day moving average price is $146.10 and its 200-day moving average price is $127.60. The stock has a market capitalization of $17.71 billion, a P/E ratio of 51.19, a P/E/G ratio of 2.25 and a beta of 0.63. The company has a quick ratio of 0.59, a current ratio of 1.13 and a debt-to-equity ratio of 0.01. Sprouts Farmers Market, Inc. has a 52-week low of $52.04 and a 52-week high of $178.46.

Insider Buying and Selling

In other news, Director Douglas Gregory Rauch sold 700 shares of the business's stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $148.89, for a total transaction of $104,223.00. Following the completion of the sale, the director now owns 10,874 shares of the company's stock, valued at $1,619,029.86. The trade was a 6.05 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Joseph D. O'leary sold 350 shares of the company's stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $150.11, for a total value of $52,538.50. Following the completion of the sale, the director now owns 17,991 shares of the company's stock, valued at approximately $2,700,629.01. The trade was a 1.91 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 42,614 shares of company stock valued at $6,323,731 over the last 90 days. Company insiders own 1.10% of the company's stock.

About Sprouts Farmers Market

Sprouts Farmers Market, Inc, together with its subsidiaries, engages in the retailing of fresh, natural, and organic food products under the Sprouts brand in the United States. It offers perishable product categories, including fresh produce, meat and meat alternatives, seafood, deli, bakery, floral, and dairy and dairy alternatives; and non-perishable product categories, such as grocery, vitamins and supplements, bulk items, frozen foods, beer and wine, and natural health and body care.