Summit Trail Advisors LLC Buys Shares of 1,679 Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Summit Trail Advisors LLC purchased a new position in Sprouts Farmers Market, Inc. (NASDAQ:SFM) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 1,679 shares of the company’s stock, valued at approximately $213,000.

Other hedge funds also recently modified their holdings of the company. Accent Capital Management LLC acquired a new stake in shares of Sprouts Farmers Market during the third quarter worth $25,000. Mirae Asset Global Investments Co. Ltd. bought a new position in Sprouts Farmers Market during the 4th quarter worth about $31,000. Avior Wealth Management LLC lifted its holdings in shares of Sprouts Farmers Market by 93.5% in the fourth quarter. Avior Wealth Management LLC now owns 269 shares of the company’s stock valued at $34,000 after purchasing an additional 130 shares in the last quarter. V Square Quantitative Management LLC acquired a new position in shares of Sprouts Farmers Market during the third quarter worth about $38,000. Finally, First Horizon Advisors Inc. grew its holdings in shares of Sprouts Farmers Market by 80.6% during the third quarter. First Horizon Advisors Inc. now owns 363 shares of the company’s stock worth $40,000 after buying an additional 162 shares in the last quarter.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on SFM shares. The Goldman Sachs Group raised their price target on shares of Sprouts Farmers Market from $127.00 to $159.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. BMO Capital Markets lifted their price target on shares of Sprouts Farmers Market from $102.00 to $140.00 and gave the company a “market perform” rating in a research note on Thursday, October 31st. Wells Fargo & Company increased their price objective on shares of Sprouts Farmers Market from $130.00 to $140.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 30th. StockNews.com upgraded Sprouts Farmers Market from a “hold” rating to a “buy” rating in a report on Wednesday, January 15th. Finally, Bank of America upped their price objective on Sprouts Farmers Market from $165.00 to $185.00 and gave the stock a “buy” rating in a research note on Tuesday. Eight analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $124.40.

Insider Activity

In other news, CEO Jack Sinclair sold 30,000 shares of the business’s stock in a transaction that occurred on 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 owns 163,862 shares in the company, valued at $24,454,764.88. The trade was a 15.47 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Joseph D. O’leary sold 350 shares of the stock in a transaction that occurred 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 in the company, valued at approximately $2,700,629.01. This trade represents a 1.91 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 42,614 shares of company stock valued at $6,323,731 over the last ninety days. 1.10% of the stock is currently owned by company insiders.

Sprouts Farmers Market Stock Up 2.6 %

SFM opened at $170.48 on Thursday. 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 stock’s fifty day simple moving average is $145.09 and its 200 day simple moving average is $126.20. Sprouts Farmers Market, Inc. has a 1-year low of $50.89 and a 1-year high of $170.92. The stock has a market cap of $17.05 billion, a PE ratio of 49.27, a price-to-earnings-growth ratio of 2.25 and a beta of 0.63.

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.