Proficio Capital Partners LLC Takes $6.17 Million Position in Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Proficio Capital Partners LLC purchased a new position in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 48,541 shares of the company’s stock, valued at approximately $6,168,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Accent Capital Management LLC purchased a new position in Sprouts Farmers Market during the 3rd quarter worth $25,000. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Sprouts Farmers Market during the fourth quarter worth about $31,000. Avior Wealth Management LLC raised its holdings in Sprouts Farmers Market by 93.5% during the fourth quarter. Avior Wealth Management LLC now owns 269 shares of the company’s stock worth $34,000 after purchasing an additional 130 shares in the last quarter. Global Retirement Partners LLC raised its holdings in Sprouts Farmers Market by 84.1% during the fourth quarter. Global Retirement Partners LLC now owns 289 shares of the company’s stock worth $37,000 after purchasing an additional 132 shares in the last quarter. Finally, First Horizon Advisors Inc. lifted its position in Sprouts Farmers Market by 80.6% in the third quarter. First Horizon Advisors Inc. now owns 363 shares of the company’s stock valued at $40,000 after purchasing an additional 162 shares during the period.

Sprouts Farmers Market Stock Down 1.0 %

Shares of NASDAQ SFM opened at $146.97 on Tuesday. 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’s 50-day moving average is $149.06 and its two-hundred day moving average is $131.87. Sprouts Farmers Market, Inc. has a 12-month low of $60.46 and a 12-month high of $178.99. The company has a market capitalization of $14.49 billion, a PE ratio of 39.09, a price-to-earnings-growth ratio of 2.31 and a beta of 0.63.

Sprouts Farmers Market (NASDAQ:SFM) last posted its earnings results on Thursday, February 20th. The company reported $0.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.72 by $0.07. The firm had revenue of $2 billion for the quarter, compared to analyst estimates of $1.96 billion. Sprouts Farmers Market had a return on equity of 29.86% and a net margin of 4.93%. Equities analysts anticipate that Sprouts Farmers Market, Inc. will post 4.29 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have recently issued reports on SFM. Roth Mkm increased their target price on Sprouts Farmers Market from $105.00 to $146.00 and gave the stock a “neutral” rating in a research note on Friday, February 21st. Wells Fargo & Company raised their target price on Sprouts Farmers Market from $140.00 to $170.00 and gave the company an “equal weight” rating in a report on Friday, February 21st. Evercore ISI upped their price target on shares of Sprouts Farmers Market from $155.00 to $160.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 3rd. Northcoast Research upgraded shares of Sprouts Farmers Market from a “neutral” rating to a “buy” rating and set a $185.00 price objective for the company in a research note on Friday. Finally, UBS Group boosted their price objective on shares of Sprouts Farmers Market from $132.00 to $195.00 and gave the stock a “neutral” rating in a report on Wednesday, February 19th. Nine investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $154.00.

Insider Buying and Selling

In other Sprouts Farmers Market news, Director Douglas Gregory Rauch sold 700 shares of Sprouts Farmers Market stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $148.89, for a total value of $104,223.00. Following the completion of the sale, the director now owns 10,874 shares in the company, valued at $1,619,029.86. The trade was a 6.05 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Jack Sinclair sold 30,000 shares of the stock in a transaction dated 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 transaction, the chief executive officer now owns 163,862 shares in the company, valued at approximately $24,454,764.88. The trade was a 15.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 42,264 shares of company stock worth $6,271,193. 1.10% of the stock is owned by corporate insiders.

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.