AdvisorShares Investments LLC Invests $288,000 in Sprouts Farmers Market, Inc. (NASDAQ:SFM)

AdvisorShares Investments LLC acquired a new position in Sprouts Farmers Market, Inc. (NASDAQ:SFMGet Rating) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 9,000 shares of the company’s stock, valued at approximately $288,000.

A number of other institutional investors have also recently made changes to their positions in the business. Strs Ohio acquired a new stake in Sprouts Farmers Market during the 4th quarter worth about $62,000. National Bank of Canada FI acquired a new stake in Sprouts Farmers Market during the 4th quarter worth about $76,000. Janney Montgomery Scott LLC lifted its position in Sprouts Farmers Market by 35.3% during the 4th quarter. Janney Montgomery Scott LLC now owns 68,386 shares of the company’s stock worth $2,030,000 after acquiring an additional 17,849 shares during the period. Allspring Global Investments Holdings LLC acquired a new stake in Sprouts Farmers Market during the 4th quarter worth about $1,654,000. Finally, State of New Jersey Common Pension Fund D lifted its position in Sprouts Farmers Market by 1.5% during the 4th quarter. State of New Jersey Common Pension Fund D now owns 108,777 shares of the company’s stock worth $3,229,000 after acquiring an additional 1,621 shares during the period.

Sprouts Farmers Market Stock Performance

NASDAQ SFM opened at $30.28 on Friday. The stock has a 50-day simple moving average of $26.61 and a two-hundred day simple moving average of $28.49. The firm has a market capitalization of $3.32 billion, a P/E ratio of 13.52, a PEG ratio of 2.03 and a beta of 0.43. Sprouts Farmers Market, Inc. has a fifty-two week low of $21.18 and a fifty-two week high of $35.34. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.70 and a current ratio of 1.25.

Sprouts Farmers Market (NASDAQ:SFMGet Rating) last released its quarterly earnings data on Wednesday, May 4th. The company reported $0.79 earnings per share for the quarter, beating analysts’ consensus estimates of $0.72 by $0.07. The business had revenue of $1.64 billion during the quarter, compared to analyst estimates of $1.65 billion. Sprouts Farmers Market had a return on equity of 25.33% and a net margin of 4.01%. The company’s revenue was up 4.2% on a year-over-year basis. During the same quarter last year, the business posted $0.70 EPS. On average, equities analysts forecast that Sprouts Farmers Market, Inc. will post 2.18 earnings per share for the current year.

Insider Buying and Selling at Sprouts Farmers Market

In related news, insider Gilliam Phipps sold 2,364 shares of Sprouts Farmers Market stock in a transaction dated Friday, May 13th. The stock was sold at an average price of $24.96, for a total value of $59,005.44. Following the completion of the transaction, the insider now owns 28,272 shares in the company, valued at approximately $705,669.12. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, CEO Jack Sinclair sold 26,536 shares of Sprouts Farmers Market stock in a transaction dated Monday, June 27th. The stock was sold at an average price of $25.65, for a total value of $680,648.40. Following the completion of the transaction, the chief executive officer now owns 293,591 shares in the company, valued at approximately $7,530,609.15. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Gilliam Phipps sold 2,364 shares of Sprouts Farmers Market stock in a transaction dated Friday, May 13th. The shares were sold at an average price of $24.96, for a total value of $59,005.44. Following the completion of the transaction, the insider now owns 28,272 shares of the company’s stock, valued at approximately $705,669.12. The disclosure for this sale can be found here. In the last quarter, insiders sold 30,198 shares of company stock worth $772,247. Insiders own 0.71% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on SFM. Credit Suisse Group lowered their price target on Sprouts Farmers Market from $30.00 to $27.00 and set a “neutral” rating for the company in a research report on Tuesday, July 26th. StockNews.com raised Sprouts Farmers Market from a “hold” rating to a “buy” rating in a research report on Saturday, April 16th. Finally, Bank of America cut Sprouts Farmers Market from a “buy” rating to an “underperform” rating and lowered their price target for the stock from $40.00 to $25.00 in a research report on Thursday, May 5th. Three investment analysts have rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $26.83.

Sprouts Farmers Market Company Profile

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Sprouts Farmers Market, Inc offers fresh, natural, and organic food products in the United States. The company offers perishable product categories, including fresh produce, meat, 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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