Atria Wealth Solutions Inc. Acquires 651 Shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Atria Wealth Solutions Inc. lifted its holdings in Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 7.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,636 shares of the company’s stock after acquiring an additional 651 shares during the period. Atria Wealth Solutions Inc.’s holdings in Sprouts Farmers Market were worth $1,224,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in SFM. Congress Asset Management Co. increased its holdings in Sprouts Farmers Market by 94.9% in the 4th quarter. Congress Asset Management Co. now owns 1,298,768 shares of the company’s stock valued at $165,034,000 after acquiring an additional 632,523 shares during the last quarter. Fiera Capital Corp bought a new stake in shares of Sprouts Farmers Market in the third quarter worth about $31,712,000. Wellington Management Group LLP purchased a new stake in shares of Sprouts Farmers Market in the third quarter worth about $18,259,000. International Assets Investment Management LLC boosted its stake in Sprouts Farmers Market by 3,347.7% during the third quarter. International Assets Investment Management LLC now owns 164,732 shares of the company’s stock valued at $18,188,000 after buying an additional 159,954 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in Sprouts Farmers Market by 13.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,349,694 shares of the company’s stock valued at $149,020,000 after buying an additional 156,175 shares in the last quarter.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the company. UBS Group upped their price objective on Sprouts Farmers Market from $132.00 to $195.00 and gave the stock a “neutral” rating in a report on Wednesday, February 19th. Wells Fargo & Company upped their price target on shares of Sprouts Farmers Market from $140.00 to $170.00 and gave the company an “equal weight” rating in a research note on Friday. Roth Mkm lifted their price objective on shares of Sprouts Farmers Market from $105.00 to $146.00 and gave the stock a “neutral” rating in a research note on Friday. The Goldman Sachs Group upped their target price on shares of Sprouts Farmers Market from $174.00 to $200.00 and gave the company a “buy” rating in a research report on Friday. Finally, Evercore ISI lifted their price target 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 investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $152.40.

Sprouts Farmers Market Price Performance

Shares of SFM stock opened at $143.32 on Monday. The stock has a 50 day moving average price of $148.11 and a 200 day moving average price of $130.10. Sprouts Farmers Market, Inc. has a 52-week low of $52.57 and a 52-week high of $178.99. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.59 and a current ratio of 1.13. The firm has a market capitalization of $14.13 billion, a P/E ratio of 38.12, a P/E/G ratio of 2.31 and a beta of 0.63.

Sprouts Farmers Market (NASDAQ:SFM) last released its earnings results on Thursday, February 20th. The company reported $0.79 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.07. The business had revenue of $2 billion during the quarter, compared to the consensus estimate of $1.96 billion. Sprouts Farmers Market had a return on equity of 29.86% and a net margin of 4.93%. As a group, sell-side analysts predict that Sprouts Farmers Market, Inc. will post 4.29 earnings per share for the current year.

Insider Buying and Selling at Sprouts Farmers Market

In related news, Director Joseph D. O’leary sold 350 shares of Sprouts Farmers Market stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $150.11, for a total value of $52,538.50. Following the completion of the sale, the director now directly owns 17,991 shares in the company, valued at $2,700,629.01. The trade was a 1.91 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Jack Sinclair sold 30,000 shares of the company’s stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $149.24, for a total transaction of $4,477,200.00. Following the completion of the sale, the chief executive officer now directly owns 163,862 shares of the company’s stock, valued at approximately $24,454,764.88. This trade represents a 15.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 42,614 shares of company stock valued at $6,323,731 in the last three months. Company insiders own 1.10% of the company’s stock.

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.