Mutual Advisors LLC Has $1.38 Million Stock Position in Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Mutual Advisors LLC grew its position in Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 3.4% during the 4th quarter, HoldingsChannel.com reports. The firm owned 9,846 shares of the company’s stock after acquiring an additional 320 shares during the quarter. Mutual Advisors LLC’s holdings in Sprouts Farmers Market were worth $1,384,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Geode Capital Management LLC increased its holdings in Sprouts Farmers Market by 2.3% in the third quarter. Geode Capital Management LLC now owns 2,484,059 shares of the company’s stock worth $275,634,000 after buying an additional 56,161 shares during the last quarter. JPMorgan Chase & Co. grew its position in Sprouts Farmers Market by 13.1% in the third quarter. JPMorgan Chase & Co. now owns 1,349,694 shares of the company’s stock worth $149,020,000 after acquiring an additional 156,175 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Sprouts Farmers Market by 5.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 983,257 shares of the company’s stock worth $108,561,000 after purchasing an additional 48,103 shares during the last quarter. Driehaus Capital Management LLC lifted its stake in shares of Sprouts Farmers Market by 7.8% in the 2nd quarter. Driehaus Capital Management LLC now owns 734,992 shares of the company’s stock valued at $61,489,000 after purchasing an additional 53,165 shares during the last quarter. Finally, Royal London Asset Management Ltd. boosted its holdings in Sprouts Farmers Market by 1.5% in the third quarter. Royal London Asset Management Ltd. now owns 698,506 shares of the company’s stock worth $77,122,000 after purchasing an additional 10,326 shares in the last quarter.

Sprouts Farmers Market Price Performance

Shares of NASDAQ:SFM opened at $146.75 on Friday. The firm has a market capitalization of $14.67 billion, a PE ratio of 42.41, a PEG ratio of 1.93 and a beta of 0.63. Sprouts Farmers Market, Inc. has a 1-year low of $49.35 and a 1-year high of $155.64. The business’s 50 day moving average is $141.60 and its 200-day moving average is $119.01. The company has a current ratio of 1.13, a quick ratio of 0.59 and a debt-to-equity ratio of 0.01.

Sprouts Farmers Market (NASDAQ:SFM) last announced its quarterly earnings results on Wednesday, October 30th. The company reported $0.91 EPS for the quarter, topping analysts’ consensus estimates of $0.77 by $0.14. Sprouts Farmers Market had a net margin of 4.73% and a return on equity of 28.24%. The firm had revenue of $1.95 billion during the quarter, compared to analysts’ expectations of $1.88 billion. During the same quarter last year, the company earned $0.65 earnings per share. The company’s revenue for the quarter was up 13.6% compared to the same quarter last year. Sell-side analysts predict that Sprouts Farmers Market, Inc. will post 3.68 earnings per share for the current year.

Insider Activity

In related news, insider Joseph L. Hurley sold 4,956 shares of the company’s stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $132.66, for a total transaction of $657,462.96. Following the transaction, the insider now owns 11,184 shares in the company, valued at $1,483,669.44. This represents a 30.71 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Joe Fortunato sold 11,500 shares of the stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $132.84, for a total transaction of $1,527,660.00. Following the sale, the director now directly owns 33,571 shares in the company, valued at approximately $4,459,571.64. This represents a 25.52 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 61,869 shares of company stock worth $8,778,152. Corporate insiders own 1.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. BMO Capital Markets boosted their price target on Sprouts Farmers Market from $102.00 to $140.00 and gave the stock a “market perform” rating in a research report on Thursday, October 31st. Evercore ISI boosted their price objective on shares of Sprouts Farmers Market from $155.00 to $160.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 3rd. Wells Fargo & Company raised their target price on shares of Sprouts Farmers Market from $90.00 to $130.00 and gave the company an “equal weight” rating in a research note on Thursday, October 31st. Bank of America upped their price target on shares of Sprouts Farmers Market from $115.00 to $135.00 and gave the company a “buy” rating in a report on Friday, October 25th. Finally, The Goldman Sachs Group boosted their price objective on Sprouts Farmers Market from $127.00 to $159.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Eight research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, Sprouts Farmers Market has an average rating of “Hold” and an average price target of $118.40.

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.