Wealth Enhancement Advisory Services LLC Buys 424 Shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Wealth Enhancement Advisory Services LLC boosted its stake in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 9.5% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,868 shares of the company’s stock after buying an additional 424 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Sprouts Farmers Market were worth $407,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Dorsey Wright & Associates bought a new stake in Sprouts Farmers Market during the 4th quarter valued at about $1,378,000. Cetera Advisors LLC bought a new stake in shares of Sprouts Farmers Market in the 1st quarter valued at about $349,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its holdings in shares of Sprouts Farmers Market by 8.5% in the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 616,429 shares of the company’s stock valued at $39,748,000 after purchasing an additional 48,225 shares in the last quarter. Point72 Asset Management L.P. raised its holdings in shares of Sprouts Farmers Market by 411.4% in the 4th quarter. Point72 Asset Management L.P. now owns 1,538,410 shares of the company’s stock valued at $74,013,000 after purchasing an additional 1,237,610 shares in the last quarter. Finally, Inspire Investing LLC raised its holdings in shares of Sprouts Farmers Market by 78.8% in the 1st quarter. Inspire Investing LLC now owns 26,113 shares of the company’s stock valued at $1,684,000 after purchasing an additional 11,508 shares in the last quarter.

Sprouts Farmers Market Trading Up 1.9 %

Shares of Sprouts Farmers Market stock opened at $97.87 on Friday. The company has a current ratio of 1.03, a quick ratio of 0.44 and a debt-to-equity ratio of 0.01. Sprouts Farmers Market, Inc. has a 12-month low of $38.46 and a 12-month high of $103.80. The firm has a market capitalization of $9.83 billion, a price-to-earnings ratio of 33.75, a PEG ratio of 2.81 and a beta of 0.55. The firm’s 50 day simple moving average is $87.76 and its two-hundred day simple moving average is $74.12.

Sprouts Farmers Market (NASDAQ:SFM) last released its quarterly earnings data on Monday, July 29th. The company reported $0.94 earnings per share for the quarter, topping analysts’ consensus estimates of $0.78 by $0.16. The firm had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.84 billion. Sprouts Farmers Market had a net margin of 4.52% and a return on equity of 27.53%. The business’s quarterly revenue was up 12.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.71 earnings per share. Analysts predict that Sprouts Farmers Market, Inc. will post 3.37 EPS for the current year.

Analysts Set New Price Targets

Several research firms have recently commented on SFM. Wells Fargo & Company upgraded shares of Sprouts Farmers Market from an “underweight” rating to an “equal weight” rating and boosted their price target for the company from $62.00 to $90.00 in a report on Tuesday, July 30th. Bank of America boosted their price target on shares of Sprouts Farmers Market from $84.00 to $100.00 and gave the company a “buy” rating in a report on Tuesday, July 30th. BMO Capital Markets upgraded shares of Sprouts Farmers Market from an “underperform” rating to a “market perform” rating and boosted their price target for the company from $40.00 to $102.00 in a report on Tuesday, July 30th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Sprouts Farmers Market from $63.00 to $76.00 and gave the company a “hold” rating in a report on Monday, July 29th. Finally, The Goldman Sachs Group boosted their price objective on shares of Sprouts Farmers Market from $89.00 to $111.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Eight equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $93.38.

Insider Transactions at Sprouts Farmers Market

In other news, insider Timmi Zalatoris sold 56,800 shares of the stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $100.00, for a total value of $5,680,000.00. Following the sale, the insider now owns 10,895 shares in the company, valued at $1,089,500. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, insider Timmi Zalatoris sold 56,800 shares of the firm’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $100.00, for a total transaction of $5,680,000.00. Following the sale, the insider now owns 10,895 shares in the company, valued at $1,089,500. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Joel D. Anderson sold 20,851 shares of the firm’s stock in a transaction on Friday, August 9th. The shares were sold at an average price of $96.16, for a total transaction of $2,005,032.16. Following the sale, the director now owns 18,809 shares in the company, valued at approximately $1,808,673.44. The disclosure for this sale can be found here. Insiders have sold 107,596 shares of company stock worth $10,407,206 over the last 90 days. 1.10% of the stock is currently owned by company 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.