Narus Financial Partners LLC Acquires 838 Shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Narus Financial Partners LLC boosted its holdings in Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 28.4% during the fourth quarter, Holdings Channel reports. The fund owned 3,791 shares of the company’s stock after purchasing an additional 838 shares during the period. Narus Financial Partners LLC’s holdings in Sprouts Farmers Market were worth $482,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Accent Capital Management LLC bought a new position in shares of Sprouts Farmers Market in the third quarter valued at about $25,000. Avior Wealth Management LLC grew its stake 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 buying an additional 130 shares during the last quarter. V Square Quantitative Management LLC bought a new position in Sprouts Farmers Market in the 3rd quarter valued at about $38,000. Quarry LP lifted its position in Sprouts Farmers Market by 1,425.8% during the second quarter. Quarry LP now owns 473 shares of the company’s stock worth $40,000 after acquiring an additional 442 shares during the last quarter. Finally, First Horizon Advisors Inc. boosted its holdings in shares of Sprouts Farmers Market by 80.6% during the third quarter. First Horizon Advisors Inc. now owns 363 shares of the company’s stock worth $40,000 after acquiring an additional 162 shares during the period.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on SFM shares. The Goldman Sachs Group increased their target price on Sprouts Farmers Market from $127.00 to $159.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Bank of America lifted their target price on Sprouts Farmers Market from $115.00 to $135.00 and gave the stock a “buy” rating in a report on Friday, October 25th. BMO Capital Markets raised 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 research report on Thursday, October 31st. StockNews.com raised shares of Sprouts Farmers Market from a “hold” rating to a “buy” rating in a report on Wednesday, January 15th. Finally, Evercore ISI raised their target price 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 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 currently has a consensus rating of “Hold” and an average target price of $119.40.

Sprouts Farmers Market Stock Up 0.7 %

Shares of SFM opened at $156.25 on Friday. Sprouts Farmers Market, Inc. has a one year low of $49.81 and a one year high of $158.84. The firm has a 50 day simple moving average of $142.41 and a two-hundred day simple moving average of $120.74. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.13 and a quick ratio of 0.59. The company has a market cap of $15.62 billion, a P/E ratio of 45.16, a P/E/G ratio of 2.05 and a beta of 0.63.

Sprouts Farmers Market (NASDAQ:SFM) last posted its 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. The firm had revenue of $1.95 billion during the quarter, compared to analysts’ expectations of $1.88 billion. Sprouts Farmers Market had a net margin of 4.73% and a return on equity of 28.24%. The business’s revenue for the quarter was up 13.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.65 earnings per share. Research analysts forecast that Sprouts Farmers Market, Inc. will post 3.68 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Jack Sinclair sold 2,935 shares of the company’s stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $138.74, for a total value of $407,201.90. Following the completion of the transaction, the chief executive officer now owns 149,499 shares of the company’s stock, valued at $20,741,491.26. This represents a 1.93 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Joe Fortunato sold 11,500 shares of Sprouts Farmers Market stock in a transaction that occurred on 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 owns 33,571 shares in the company, valued at approximately $4,459,571.64. This represents a 25.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 61,869 shares of company stock valued at $8,778,152. 1.10% of the stock is currently owned by insiders.

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.