Dakota Wealth Management Purchases 9,712 Shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Dakota Wealth Management raised its position in Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 86.8% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 20,898 shares of the company’s stock after acquiring an additional 9,712 shares during the period. Dakota Wealth Management’s holdings in Sprouts Farmers Market were worth $2,656,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Mercer Global Advisors Inc. ADV increased its holdings in Sprouts Farmers Market by 0.8% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 18,717 shares of the company’s stock worth $1,566,000 after purchasing an additional 148 shares in the last quarter. Blair William & Co. IL grew its holdings in Sprouts Farmers Market by 3.9% during the second quarter. Blair William & Co. IL now owns 6,202 shares of the company’s stock worth $519,000 after buying an additional 232 shares in the last quarter. Hsbc Holdings PLC raised its position in Sprouts Farmers Market by 12.9% in the 2nd quarter. Hsbc Holdings PLC now owns 57,366 shares of the company’s stock valued at $4,796,000 after buying an additional 6,551 shares during the last quarter. Pacer Advisors Inc. lifted its stake in Sprouts Farmers Market by 4.3% during the 2nd quarter. Pacer Advisors Inc. now owns 20,710 shares of the company’s stock valued at $1,733,000 after acquiring an additional 850 shares in the last quarter. Finally, Sei Investments Co. boosted its holdings in Sprouts Farmers Market by 47.4% during the 2nd quarter. Sei Investments Co. now owns 118,413 shares of the company’s stock worth $9,906,000 after acquiring an additional 38,061 shares during the last quarter.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on SFM. Evercore ISI increased their target price on shares of Sprouts Farmers Market from $155.00 to $160.00 and gave the company an “outperform” rating in a report on Tuesday, December 3rd. Bank of America lifted their target price on shares of Sprouts Farmers Market from $115.00 to $135.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. BMO Capital Markets upped their target price on Sprouts Farmers Market from $102.00 to $140.00 and gave the company a “market perform” rating in a report on Thursday, October 31st. Wells Fargo & Company lifted their price target on Sprouts Farmers Market from $90.00 to $130.00 and gave the stock an “equal weight” rating in a report on Thursday, October 31st. Finally, StockNews.com raised Sprouts Farmers Market from a “hold” rating to a “buy” rating in a research report on Wednesday, January 15th. Eight research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, Sprouts Farmers Market has a consensus rating of “Hold” and an average price target of $118.40.

Sprouts Farmers Market Stock Down 0.5 %

SFM stock opened at $146.25 on Thursday. The stock has a fifty day moving average of $141.42 and a 200-day moving average of $118.10. Sprouts Farmers Market, Inc. has a fifty-two week low of $48.98 and a fifty-two week high of $155.64. The company has a market capitalization of $14.62 billion, a price-to-earnings ratio of 42.27, a PEG ratio of 1.94 and a beta of 0.63. 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 issued 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. 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 analyst estimates of $1.88 billion. During the same quarter last year, the business earned $0.65 earnings per share. The company’s quarterly revenue was up 13.6% on a year-over-year basis. As a group, equities research analysts predict that Sprouts Farmers Market, Inc. will post 3.68 earnings per share for the current year.

Insider Activity at Sprouts Farmers Market

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

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.