IFP Advisors Inc Sells 91 Shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM)

IFP Advisors Inc decreased its position in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 3.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,713 shares of the company’s stock after selling 91 shares during the period. IFP Advisors Inc’s holdings in Sprouts Farmers Market were worth $345,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. Wesbanco Bank Inc. boosted its stake in shares of Sprouts Farmers Market by 0.3% during the fourth quarter. Wesbanco Bank Inc. now owns 28,659 shares of the company’s stock valued at $3,642,000 after purchasing an additional 77 shares during the period. Greenleaf Trust boosted its stake in shares of Sprouts Farmers Market by 1.2% during the fourth quarter. Greenleaf Trust now owns 6,715 shares of the company’s stock valued at $853,000 after purchasing an additional 80 shares during the period. Foundations Investment Advisors LLC boosted its stake in shares of Sprouts Farmers Market by 1.4% during the fourth quarter. Foundations Investment Advisors LLC now owns 6,649 shares of the company’s stock valued at $845,000 after purchasing an additional 90 shares during the period. Ballentine Partners LLC boosted its stake in shares of Sprouts Farmers Market by 2.6% during the fourth quarter. Ballentine Partners LLC now owns 3,849 shares of the company’s stock valued at $489,000 after purchasing an additional 96 shares during the period. Finally, CIBC Asset Management Inc boosted its stake in shares of Sprouts Farmers Market by 3.6% during the third quarter. CIBC Asset Management Inc now owns 2,917 shares of the company’s stock valued at $322,000 after purchasing an additional 101 shares during the period.

Insider Activity

In other news, Director Douglas Gregory Rauch sold 700 shares of the company’s stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $148.89, for a total transaction of $104,223.00. Following the transaction, the director now owns 10,874 shares in the company, valued at $1,619,029.86. This represents a 6.05 % 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 30,000 shares of the company’s stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $149.24, for a total transaction of $4,477,200.00. Following the transaction, the chief executive officer now owns 163,862 shares in the company, valued at approximately $24,454,764.88. This trade represents a 15.47 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 42,614 shares of company stock worth $6,323,731 over the last 90 days. 1.10% of the stock is currently owned by corporate insiders.

Sprouts Farmers Market Stock Performance

SFM stock opened at $148.40 on Friday. The firm has a market cap of $14.63 billion, a price-to-earnings ratio of 39.47, a PEG ratio of 2.31 and a beta of 0.63. The firm has a 50-day simple moving average of $149.06 and a two-hundred day simple moving average of $131.62. Sprouts Farmers Market, Inc. has a one year low of $60.46 and a one year high of $178.99. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.59 and a current ratio of 1.13.

Sprouts Farmers Market (NASDAQ:SFM) last released 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. The business had revenue of $2 billion during the quarter, compared to analyst estimates of $1.96 billion. Sprouts Farmers Market had a net margin of 4.93% and a return on equity of 29.86%. On average, equities analysts forecast that Sprouts Farmers Market, Inc. will post 4.29 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Evercore ISI boosted their target price on shares of Sprouts Farmers Market from $155.00 to $160.00 and gave the company an “outperform” rating in a research note on Tuesday, December 3rd. Wells Fargo & Company upped their price objective on shares of 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. The Goldman Sachs Group upped their price objective on shares of Sprouts Farmers Market from $174.00 to $200.00 and gave the stock a “buy” rating in a research note on Friday, February 21st. StockNews.com raised shares of Sprouts Farmers Market from a “hold” rating to a “buy” rating in a research note on Friday, February 21st. Finally, Roth Mkm upped their price objective on shares of Sprouts Farmers Market from $105.00 to $146.00 and gave the stock a “neutral” rating in a research note on Friday, February 21st. Nine equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $154.00.

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.