B. Riley Wealth Advisors Inc. Takes Position in Sprouts Farmers Market, Inc. (NASDAQ:SFM)

B. Riley Wealth Advisors Inc. purchased a new stake in Sprouts Farmers Market, Inc. (NASDAQ:SFMFree Report) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 9,691 shares of the company’s stock, valued at approximately $415,000.

A number of other hedge funds also recently made changes to their positions in SFM. Canada Pension Plan Investment Board bought a new stake in Sprouts Farmers Market during the 1st quarter valued at $35,000. Ronald Blue Trust Inc. increased its stake in Sprouts Farmers Market by 80.3% during the 3rd quarter. Ronald Blue Trust Inc. now owns 831 shares of the company’s stock valued at $36,000 after purchasing an additional 370 shares in the last quarter. Covestor Ltd increased its stake in Sprouts Farmers Market by 13,150.0% during the 2nd quarter. Covestor Ltd now owns 1,060 shares of the company’s stock valued at $39,000 after purchasing an additional 1,052 shares in the last quarter. FinTrust Capital Advisors LLC bought a new stake in Sprouts Farmers Market during the 3rd quarter valued at $49,000. Finally, West Tower Group LLC bought a new stake in Sprouts Farmers Market during the 2nd quarter valued at $65,000.

Insider Buying and Selling at Sprouts Farmers Market

In other Sprouts Farmers Market news, CEO Jack Sinclair sold 31,710 shares of the company’s stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $63.03, for a total transaction of $1,998,681.30. Following the sale, the chief executive officer now directly owns 274,981 shares of the company’s stock, valued at $17,332,052.43. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, CEO Jack Sinclair sold 31,710 shares of the company’s stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $63.03, for a total transaction of $1,998,681.30. Following the sale, the chief executive officer now directly owns 274,981 shares in the company, valued at $17,332,052.43. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Brandon F. Lombardi sold 22,799 shares of the company’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $59.98, for a total value of $1,367,484.02. Following the sale, the insider now owns 8,328 shares in the company, valued at $499,513.44. The disclosure for this sale can be found here. Insiders have sold a total of 129,006 shares of company stock valued at $8,054,153 over the last three months. 1.20% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on SFM shares. The Goldman Sachs Group lifted their price objective on shares of Sprouts Farmers Market from $56.00 to $71.00 and gave the stock a “buy” rating in a report on Tuesday, March 5th. Bank of America raised shares of Sprouts Farmers Market from an “underperform” rating to a “buy” rating and lifted their price objective for the stock from $30.00 to $70.00 in a report on Tuesday, February 27th. StockNews.com downgraded shares of Sprouts Farmers Market from a “buy” rating to a “hold” rating in a report on Sunday, December 3rd. Finally, Evercore ISI lifted their price objective on shares of Sprouts Farmers Market from $48.00 to $50.00 and gave the stock an “in-line” rating in a report on Friday, February 23rd. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $49.57.

Check Out Our Latest Research Report on SFM

Sprouts Farmers Market Price Performance

Shares of NASDAQ:SFM opened at $62.32 on Friday. The company’s 50-day moving average is $55.79 and its 200 day moving average is $47.85. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.51 and a current ratio of 1.10. The company has a market capitalization of $6.31 billion, a P/E ratio of 24.83, a price-to-earnings-growth ratio of 2.23 and a beta of 0.49. Sprouts Farmers Market, Inc. has a fifty-two week low of $32.12 and a fifty-two week high of $65.53.

Sprouts Farmers Market (NASDAQ:SFMGet Free Report) last issued its quarterly earnings results on Thursday, February 22nd. The company reported $0.49 earnings per share for the quarter, topping analysts’ consensus estimates of $0.45 by $0.04. The company had revenue of $1.70 billion for the quarter, compared to the consensus estimate of $1.69 billion. Sprouts Farmers Market had a net margin of 3.79% and a return on equity of 26.71%. The firm’s quarterly revenue was up 7.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.42 EPS. On average, equities research analysts forecast that Sprouts Farmers Market, Inc. will post 2.95 earnings per share for the current year.

Sprouts Farmers Market Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Sprouts Farmers Market (NASDAQ:SFM)

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