Proficio Capital Partners LLC Buys New Holdings in Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Proficio Capital Partners LLC purchased a new position in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) in the 4th quarter, Holdings Channel.com reports. The fund purchased 48,541 shares of the company’s stock, valued at approximately $6,168,000.

A number of other large investors also recently modified their holdings of SFM. JPMorgan Chase & Co. raised its stake in shares of Sprouts Farmers Market by 13.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,349,694 shares of the company’s stock valued at $149,020,000 after acquiring an additional 156,175 shares during the period. World Investment Advisors LLC purchased a new position in Sprouts Farmers Market in the third quarter valued at about $13,348,000. SpiderRock Advisors LLC acquired a new position in shares of Sprouts Farmers Market during the third quarter worth about $3,252,000. First Hawaiian Bank purchased a new stake in shares of Sprouts Farmers Market in the fourth quarter worth about $1,517,000. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Sprouts Farmers Market by 5.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 983,257 shares of the company’s stock valued at $108,561,000 after buying an additional 48,103 shares in the last quarter.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Wells Fargo & Company lifted their price objective 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, February 21st. Evercore ISI increased their price target on 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 price objective on Sprouts Farmers Market from $165.00 to $185.00 and gave the stock a “buy” rating in a report on Tuesday, February 11th. The Goldman Sachs Group increased their target price on Sprouts Farmers Market from $174.00 to $200.00 and gave the company a “buy” rating in a research note on Friday, February 21st. Finally, Jefferies Financial Group raised their price target on shares of Sprouts Farmers Market from $119.00 to $139.00 and gave the stock a “hold” rating in a research report on Tuesday, February 25th. Nine analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $154.00.

Insider Buying and Selling at Sprouts Farmers Market

In related news, CEO Jack Sinclair sold 2,935 shares of the firm’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 sale, the chief executive officer now owns 149,499 shares of the company’s stock, valued at approximately $20,741,491.26. This trade represents a 1.93 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Douglas Gregory Rauch sold 700 shares of the company’s stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $148.89, for a total value of $104,223.00. Following the transaction, the director now owns 10,874 shares of the company’s stock, valued at approximately $1,619,029.86. The trade was a 6.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 42,264 shares of company stock worth $6,271,193 over the last ninety days. Company insiders own 1.10% of the company’s stock.

Sprouts Farmers Market Stock Performance

Sprouts Farmers Market stock opened at $146.97 on Tuesday. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.13 and a quick ratio of 0.59. Sprouts Farmers Market, Inc. has a 12 month low of $60.46 and a 12 month high of $178.99. The company has a fifty day moving average price of $149.06 and a two-hundred day moving average price of $131.87. The company has a market cap of $14.49 billion, a PE ratio of 39.09, a P/E/G ratio of 2.31 and a beta of 0.63.

Sprouts Farmers Market (NASDAQ:SFM) last posted its quarterly earnings results on Thursday, February 20th. The company reported $0.79 EPS for the quarter, beating the consensus estimate of $0.72 by $0.07. Sprouts Farmers Market had a net margin of 4.93% and a return on equity of 29.86%. The business had revenue of $2 billion during the quarter, compared to analyst estimates of $1.96 billion. Research analysts expect that Sprouts Farmers Market, Inc. will post 4.29 earnings per share for the current year.

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.