Summit Trail Advisors LLC Invests $213,000 in Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Summit Trail Advisors LLC purchased a new stake in Sprouts Farmers Market, Inc. (NASDAQ:SFM) in the 4th quarter, HoldingsChannel reports. The institutional investor purchased 1,679 shares of the company’s stock, valued at approximately $213,000.

Other large investors have also added to or reduced their stakes in the company. Savant Capital LLC acquired a new stake in Sprouts Farmers Market during the fourth quarter worth about $243,000. Empowered Funds LLC lifted its holdings in shares of Sprouts Farmers Market by 4.1% during the 4th quarter. Empowered Funds LLC now owns 64,104 shares of the company’s stock worth $8,146,000 after acquiring an additional 2,522 shares during the period. Advisors Preferred LLC acquired a new stake in shares of Sprouts Farmers Market during the 4th quarter worth approximately $6,464,000. Mezzasalma Advisors LLC bought a new position in Sprouts Farmers Market in the fourth quarter valued at approximately $2,098,000. Finally, Triasima Portfolio Management inc. acquired a new position in Sprouts Farmers Market during the fourth quarter valued at approximately $1,883,000.

Insider Activity

In other Sprouts Farmers Market news, Director Douglas Gregory Rauch sold 700 shares of the stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $148.89, for a total transaction of $104,223.00. Following the completion of the sale, the director now owns 10,874 shares of the company’s stock, valued at approximately $1,619,029.86. This represents a 6.05 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Jack Sinclair sold 2,915 shares of the firm’s stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $167.54, for a total transaction of $488,379.10. Following the transaction, the chief executive officer now owns 143,669 shares of the company’s stock, valued at approximately $24,070,304.26. The trade was a 1.99 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 42,614 shares of company stock valued at $6,323,731. Insiders own 1.10% of the company’s stock.

Sprouts Farmers Market Stock Up 2.6 %

Shares of NASDAQ SFM opened at $170.48 on Thursday. Sprouts Farmers Market, Inc. has a 1 year low of $50.89 and a 1 year high of $170.92. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.13 and a quick ratio of 0.59. The firm 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. The company has a 50 day simple moving average of $145.09 and a 200 day simple moving average of $126.20.

Analysts Set New Price Targets

A number of brokerages have weighed in on SFM. Evercore ISI raised their target price on Sprouts Farmers Market from $155.00 to $160.00 and gave the company an “outperform” rating in a report on Tuesday, December 3rd. Wells Fargo & Company raised their price objective on Sprouts Farmers Market from $130.00 to $140.00 and gave the company an “equal weight” rating in a research note on Thursday, January 30th. Bank of America lifted their target price on Sprouts Farmers Market from $165.00 to $185.00 and gave the company a “buy” rating in a research report on Tuesday. StockNews.com raised shares of Sprouts Farmers Market from a “hold” rating to a “buy” rating in a report on Wednesday, January 15th. Finally, 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 report on Thursday, October 31st. Eight equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $124.40.

About Sprouts Farmers Market

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.