Congress Wealth Management LLC DE Has $24.30 Million Stock Holdings in Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Congress Wealth Management LLC DE lifted its holdings in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 64.6% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 191,228 shares of the company’s stock after buying an additional 75,051 shares during the period. Congress Wealth Management LLC DE owned about 0.19% of Sprouts Farmers Market worth $24,299,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. OneDigital Investment Advisors LLC acquired a new position in Sprouts Farmers Market during the third quarter worth about $207,000. Natixis Advisors LLC increased its position in Sprouts Farmers Market by 17.0% during the 3rd quarter. Natixis Advisors LLC now owns 25,183 shares of the company’s stock worth $2,780,000 after purchasing an additional 3,651 shares in the last quarter. First Horizon Advisors Inc. increased its position in 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 purchasing an additional 162 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Sprouts Farmers Market by 5.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 983,257 shares of the company’s stock valued at $108,561,000 after purchasing an additional 48,103 shares during the last quarter. Finally, Citigroup Inc. boosted its position in Sprouts Farmers Market by 137.7% in the third quarter. Citigroup Inc. now owns 249,914 shares of the company’s stock valued at $27,593,000 after buying an additional 144,761 shares in the last quarter.

Sprouts Farmers Market Stock Performance

Shares of Sprouts Farmers Market stock opened at $142.39 on Monday. The business has a 50-day moving average price of $150.88 and a two-hundred day moving average price of $136.02. Sprouts Farmers Market, Inc. has a 1-year low of $61.61 and a 1-year high of $178.99. The company has a current ratio of 1.13, a quick ratio of 0.59 and a debt-to-equity ratio of 0.01. The company has a market cap of $13.96 billion, a P/E ratio of 37.87, a PEG ratio of 2.31 and a beta of 0.67.

Sprouts Farmers Market (NASDAQ:SFM) last released its earnings results on Thursday, February 20th. The company reported $0.79 EPS 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 analysts’ expectations 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, analysts anticipate that Sprouts Farmers Market, Inc. will post 4.29 EPS for the current year.

Insider Activity at Sprouts Farmers Market

In other news, insider Timmi Zalatoris sold 1,065 shares of the business’s stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $134.97, for a total transaction of $143,743.05. Following the completion of the sale, the insider now owns 9,830 shares in the company, valued at $1,326,755.10. The trade was a 9.78 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Jack Sinclair sold 2,915 shares of the stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $167.54, for a total value of $488,379.10. Following the completion of the transaction, the chief executive officer now owns 143,669 shares in the company, valued at approximately $24,070,304.26. This represents a 1.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 83,501 shares of company stock worth $11,616,851 in the last quarter. Company insiders own 1.10% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently commented on SFM. UBS Group increased their price target on Sprouts Farmers Market from $132.00 to $195.00 and gave the company a “neutral” rating in a research note on Wednesday, February 19th. Deutsche Bank Aktiengesellschaft upgraded Sprouts Farmers Market from a “hold” rating to a “buy” rating and boosted their price target for the stock from $163.00 to $190.00 in a report on Monday, March 17th. Jefferies Financial Group raised their price objective on shares of Sprouts Farmers Market from $119.00 to $139.00 and gave the company a “hold” rating in a report on Tuesday, February 25th. Roth Mkm lifted their target price on shares of Sprouts Farmers Market from $105.00 to $146.00 and gave the stock a “neutral” rating in a research report on Friday, February 21st. Finally, Evercore ISI decreased their price target on shares of Sprouts Farmers Market from $185.00 to $180.00 and set an “outperform” rating for the company in a research report on Tuesday, March 11th. Nine research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $162.92.

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.