Orion Portfolio Solutions LLC Acquires 8,010 Shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Orion Portfolio Solutions LLC grew its holdings in Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 82.7% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 17,690 shares of the company’s stock after buying an additional 8,010 shares during the quarter. Orion Portfolio Solutions LLC’s holdings in Sprouts Farmers Market were worth $1,953,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Accent Capital Management LLC bought a new stake in Sprouts Farmers Market during the 3rd quarter worth approximately $25,000. Crewe Advisors LLC increased its holdings in Sprouts Farmers Market by 223.5% during the 2nd quarter. Crewe Advisors LLC now owns 317 shares of the company’s stock worth $27,000 after acquiring an additional 219 shares during the period. Whittier Trust Co. of Nevada Inc. bought a new stake in Sprouts Farmers Market during the 2nd quarter worth approximately $29,000. V Square Quantitative Management LLC bought a new stake in Sprouts Farmers Market during the 3rd quarter worth approximately $38,000. Finally, Quarry LP increased its holdings in shares of Sprouts Farmers Market by 1,425.8% in the 2nd quarter. Quarry LP now owns 473 shares of the company’s stock worth $40,000 after buying an additional 442 shares during the last quarter.

Insider Activity

In related news, insider Dustin Hamilton sold 921 shares of Sprouts Farmers Market stock in a transaction on Friday, October 11th. The shares were sold at an average price of $113.60, for a total value of $104,625.60. Following the sale, the insider now owns 25,251 shares in the company, valued at $2,868,513.60. The trade was a 3.52 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Jack Sinclair sold 5,714 shares of the company’s stock in a transaction on Monday, October 7th. The stock was sold at an average price of $112.41, for a total transaction of $642,310.74. Following the completion of the transaction, the chief executive officer now owns 211,004 shares of the company’s stock, valued at $23,718,959.64. This trade represents a 2.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 29,155 shares of company stock valued at $3,742,274. Insiders own 1.10% of the company’s stock.

Sprouts Farmers Market Price Performance

Shares of Sprouts Farmers Market stock opened at $149.51 on Friday. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.13 and a quick ratio of 0.59. Sprouts Farmers Market, Inc. has a one year low of $46.74 and a one year high of $155.64. The business’s 50 day simple moving average is $134.41 and its two-hundred day simple moving average is $106.33. The stock has a market capitalization of $14.95 billion, a P/E ratio of 43.21, a price-to-earnings-growth ratio of 2.28 and a beta of 0.58.

Sprouts Farmers Market (NASDAQ:SFM) last issued its earnings results on Wednesday, October 30th. The company reported $0.91 EPS for the quarter, topping the consensus estimate of $0.77 by $0.14. The company had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $1.88 billion. Sprouts Farmers Market had a net margin of 4.73% and a return on equity of 28.24%. The firm’s revenue for the quarter was up 13.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.65 earnings per share. Analysts forecast that Sprouts Farmers Market, Inc. will post 3.68 EPS for the current year.

Analyst Ratings Changes

SFM has been the topic of a number of research analyst reports. BMO Capital Markets increased 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 report on Thursday, October 31st. Wells Fargo & Company increased their price target on shares of Sprouts Farmers Market from $90.00 to $130.00 and gave the stock an “equal weight” rating in a report on Thursday, October 31st. The Goldman Sachs Group increased their price target on shares of Sprouts Farmers Market from $127.00 to $159.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Melius Research initiated coverage on shares of Sprouts Farmers Market in a report on Monday, September 23rd. They issued a “hold” rating and a $105.00 price target on the stock. Finally, Evercore ISI increased their price target 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. Eight investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, Sprouts Farmers Market has an average rating of “Hold” and a consensus target price of $118.40.

Sprouts Farmers Market Company 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.