51,331 Shares in Sprouts Farmers Market, Inc. (NASDAQ:SFM) Acquired by Measured Risk Portfolios Inc.

Measured Risk Portfolios Inc. acquired a new position in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) in the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 51,331 shares of the company’s stock, valued at approximately $6,523,000. Sprouts Farmers Market comprises approximately 6.8% of Measured Risk Portfolios Inc.’s investment portfolio, making the stock its largest position.

Several other institutional investors have also modified their holdings of SFM. Mirae Asset Global Investments Co. Ltd. purchased a new stake in Sprouts Farmers Market in the 4th quarter valued at approximately $31,000. Avior Wealth Management LLC increased its holdings in Sprouts Farmers Market by 93.5% in the 4th quarter. Avior Wealth Management LLC now owns 269 shares of the company’s stock valued at $34,000 after purchasing an additional 130 shares in the last quarter. GeoWealth Management LLC increased its holdings in Sprouts Farmers Market by 115.4% in the 4th quarter. GeoWealth Management LLC now owns 265 shares of the company’s stock valued at $34,000 after purchasing an additional 142 shares in the last quarter. Global Retirement Partners LLC grew its stake in shares of Sprouts Farmers Market by 84.1% during the fourth quarter. Global Retirement Partners LLC now owns 289 shares of the company’s stock valued at $37,000 after acquiring an additional 132 shares in the last quarter. Finally, SBI Securities Co. Ltd. acquired a new stake in shares of Sprouts Farmers Market during the fourth quarter valued at about $51,000.

Wall Street Analysts Forecast Growth

SFM has been the topic of several analyst reports. Northcoast Research upgraded shares of Sprouts Farmers Market from a “neutral” rating to a “buy” rating and set a $185.00 price target on the stock in a research note on Friday, February 28th. UBS Group lifted their target price on shares of Sprouts Farmers Market from $195.00 to $196.00 and gave the company a “neutral” rating in a research note on Thursday, May 1st. Bank of America lifted their target price on shares of Sprouts Farmers Market from $165.00 to $185.00 and gave the stock a “buy” rating in a report on Tuesday, February 11th. Wells Fargo & Company lifted their target price on shares of Sprouts Farmers Market from $170.00 to $175.00 and gave the stock an “equal weight” rating in a report on Thursday, May 1st. Finally, Royal Bank of Canada boosted their price objective on shares of Sprouts Farmers Market from $160.00 to $172.00 and gave the stock a “sector perform” rating in a report on Thursday, May 1st. Nine equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $167.79.

Insider Activity at Sprouts Farmers Market

In related news, insider Timmi Zalatoris sold 1,065 shares of Sprouts Farmers Market stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $134.97, for a total transaction of $143,743.05. Following the completion of the transaction, the insider now directly owns 9,830 shares in the company, valued at approximately $1,326,755.10. This trade represents a 9.78% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Jack Sinclair sold 49,898 shares of the firm’s stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $137.42, for a total value of $6,856,983.16. Following the completion of the sale, the chief executive officer now directly owns 189,449 shares in the company, valued at approximately $26,034,081.58. The trade was a 20.85% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 104,141 shares of company stock worth $14,851,836. Company insiders own 1.10% of the company’s stock.

Sprouts Farmers Market Price Performance

Shares of NASDAQ:SFM opened at $156.99 on Tuesday. The business has a 50-day simple moving average of $153.61 and a two-hundred day simple moving average of $148.70. The firm has a market cap of $15.36 billion, a price-to-earnings ratio of 41.75, a price-to-earnings-growth ratio of 2.31 and a beta of 0.87. Sprouts Farmers Market, Inc. has a fifty-two week low of $74.15 and a fifty-two week high of $178.99. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.59 and a current ratio of 1.13.

Sprouts Farmers Market (NASDAQ:SFM) last posted its quarterly earnings results on Wednesday, April 30th. The company reported $1.81 EPS for the quarter, topping analysts’ consensus estimates of $1.54 by $0.27. The company had revenue of $2.24 billion for the quarter, compared to analysts’ expectations of $2.20 billion. Sprouts Farmers Market had a return on equity of 29.86% and a net margin of 4.93%. The firm’s revenue was up 18.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.12 EPS. On average, analysts expect that Sprouts Farmers Market, Inc. will post 4.29 earnings per share for the current year.

Sprouts Farmers Market Profile

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.