Sprouts Farmers Market, Inc. (NASDAQ:SFM) Holdings Decreased by B. Riley Wealth Advisors Inc.

B. Riley Wealth Advisors Inc. lessened its holdings in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 1.9% during the 3rd quarter, HoldingsChannel reports. The fund owned 9,423 shares of the company’s stock after selling 182 shares during the period. B. Riley Wealth Advisors Inc.’s holdings in Sprouts Farmers Market were worth $1,042,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. DGS Capital Management LLC increased its stake in shares of Sprouts Farmers Market by 18.4% in the third quarter. DGS Capital Management LLC now owns 4,827 shares of the company’s stock worth $533,000 after acquiring an additional 749 shares during the last quarter. Franklin Resources Inc. increased its holdings in Sprouts Farmers Market by 25.8% in the third quarter. Franklin Resources Inc. now owns 464,366 shares of the company’s stock worth $53,551,000 after buying an additional 95,144 shares during the last quarter. Tidal Investments LLC raised its position in Sprouts Farmers Market by 6.7% during the third quarter. Tidal Investments LLC now owns 53,816 shares of the company’s stock valued at $5,942,000 after acquiring an additional 3,372 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new stake in Sprouts Farmers Market in the third quarter worth approximately $155,000. Finally, Sfmg LLC acquired a new position in shares of Sprouts Farmers Market during the 3rd quarter worth $234,000.

Insider Buying and Selling at Sprouts Farmers Market

In other news, CEO Jack Sinclair sold 5,714 shares of the business’s stock in a transaction on Monday, October 7th. The shares were 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 directly owns 211,004 shares in the company, valued at $23,718,959.64. The trade was a 2.64 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Douglas Gregory Rauch sold 700 shares of the business’s stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $148.89, for a total value of $104,223.00. Following the transaction, the director now directly 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 disclosure for this sale can be found here. Insiders sold 59,855 shares of company stock worth $8,323,697 in the last quarter. 1.10% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several analysts recently issued reports on SFM shares. The Goldman Sachs Group upped their price objective 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. BMO Capital Markets boosted their target price on shares of Sprouts Farmers Market from $102.00 to $140.00 and gave the company a “market perform” rating in a research note on Thursday, October 31st. Bank of America raised their price objective on shares of Sprouts Farmers Market from $115.00 to $135.00 and gave the company a “buy” rating in a research report on Friday, October 25th. StockNews.com raised shares of Sprouts Farmers Market from a “hold” rating to a “buy” rating in a research note on Thursday, November 28th. Finally, Evercore ISI boosted their target price on Sprouts Farmers Market from $155.00 to $160.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 3rd. Eight equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $118.40.

Sprouts Farmers Market Price Performance

Shares of SFM opened at $138.60 on Wednesday. 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, Inc. has a 52-week low of $47.63 and a 52-week high of $155.64. The business’s 50 day moving average price is $135.71 and its two-hundred day moving average price is $107.62. The firm has a market cap of $13.86 billion, a PE ratio of 40.06, a price-to-earnings-growth ratio of 2.23 and a beta of 0.58.

Sprouts Farmers Market (NASDAQ:SFM) last posted its earnings results on Wednesday, October 30th. The company reported $0.91 earnings per share for the quarter, topping analysts’ consensus estimates of $0.77 by $0.14. The company had revenue of $1.95 billion for the quarter, compared to analyst estimates 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 was up 13.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.65 EPS. On average, equities analysts anticipate that Sprouts Farmers Market, Inc. will post 3.68 EPS 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.