MONECO Advisors LLC Purchases Shares of 1,823 Sprouts Farmers Market, Inc. (NASDAQ:SFM)

MONECO Advisors LLC purchased a new stake in Sprouts Farmers Market, Inc. (NASDAQ:SFM) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 1,823 shares of the company’s stock, valued at approximately $232,000.

Other large investors also recently bought and sold shares of the company. Accent Capital Management LLC acquired a new position in Sprouts Farmers Market in the third quarter valued at approximately $25,000. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Sprouts Farmers Market during the 4th quarter worth approximately $31,000. Avior Wealth Management LLC raised its stake in shares of Sprouts Farmers Market by 93.5% during the 4th quarter. Avior Wealth Management LLC now owns 269 shares of the company’s stock worth $34,000 after buying an additional 130 shares during the period. Global Retirement Partners LLC raised its stake in shares of Sprouts Farmers Market by 84.1% during the 4th quarter. Global Retirement Partners LLC now owns 289 shares of the company’s stock worth $37,000 after buying an additional 132 shares during the period. Finally, First Horizon Advisors Inc. raised its stake in shares of Sprouts Farmers Market by 80.6% during the 3rd quarter. First Horizon Advisors Inc. now owns 363 shares of the company’s stock worth $40,000 after buying an additional 162 shares during the period.

Analysts Set New Price Targets

SFM has been the subject of several research analyst reports. BMO Capital Markets upped their target price on Sprouts Farmers Market from $140.00 to $180.00 and gave the stock a “market perform” rating in a research note on Friday, February 21st. Bank of America upped their target price on Sprouts Farmers Market from $165.00 to $185.00 and gave the stock a “buy” rating in a research note on Tuesday, February 11th. Wells Fargo & Company upped their target price on Sprouts Farmers Market from $140.00 to $170.00 and gave the stock an “equal weight” rating in a research note on Friday, February 21st. UBS Group upped their target price on Sprouts Farmers Market from $132.00 to $195.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 19th. Finally, StockNews.com raised Sprouts Farmers Market from a “hold” rating to a “buy” rating in a research note on Friday, February 21st. Nine research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $151.18.

Sprouts Farmers Market Stock Up 0.9 %

Shares of NASDAQ:SFM opened at $144.77 on Wednesday. The company has a quick ratio of 0.59, a current ratio of 1.13 and a debt-to-equity ratio of 0.01. The business has a fifty day moving average of $148.24 and a two-hundred day moving average of $130.78. The stock has a market cap of $14.27 billion, a P/E ratio of 38.50, a PEG ratio of 2.31 and a beta of 0.63. Sprouts Farmers Market, Inc. has a 52-week low of $59.13 and a 52-week high of $178.99.

Sprouts Farmers Market (NASDAQ:SFM) last issued its earnings results on Thursday, February 20th. The company reported $0.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.07. The company had revenue of $2 billion during the quarter, compared to analysts’ expectations of $1.96 billion. Sprouts Farmers Market had a return on equity of 29.86% and a net margin of 4.93%. On average, research analysts expect 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 other news, Director Douglas Gregory Rauch sold 700 shares of the stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $148.89, for a total transaction of $104,223.00. Following the completion of the transaction, the director now directly owns 10,874 shares in the company, valued at approximately $1,619,029.86. This represents a 6.05 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Joseph D. O’leary sold 350 shares of the stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $150.11, for a total value of $52,538.50. Following the transaction, the director now owns 17,991 shares of the company’s stock, valued at approximately $2,700,629.01. This represents a 1.91 % 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 worth $6,323,731 in the last three months. 1.10% of the stock is owned by corporate insiders.

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.