Cetera Investment Advisers Buys 2,815 Shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Cetera Investment Advisers increased its position in Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 2.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 107,703 shares of the company’s stock after buying an additional 2,815 shares during the period. Cetera Investment Advisers owned 0.11% of Sprouts Farmers Market worth $13,686,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in SFM. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Sprouts Farmers Market during the fourth quarter valued at approximately $31,000. GeoWealth Management LLC raised its holdings in Sprouts Farmers Market by 115.4% during the fourth quarter. GeoWealth Management LLC now owns 265 shares of the company’s stock worth $34,000 after buying an additional 142 shares during the last quarter. 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 buying an additional 130 shares during the last quarter. Global Retirement Partners LLC lifted its stake in shares of Sprouts Farmers Market by 84.1% in the fourth quarter. Global Retirement Partners LLC now owns 289 shares of the company’s stock valued at $37,000 after buying an additional 132 shares in the last quarter. Finally, SBI Securities Co. Ltd. acquired a new position in shares of Sprouts Farmers Market during the fourth quarter valued at about $51,000.

Analyst Ratings Changes

Several brokerages recently weighed in on SFM. Evercore ISI raised their price target on shares of Sprouts Farmers Market from $180.00 to $185.00 and gave the company an “outperform” rating in a research report on Thursday, May 1st. Roth Capital set a $155.00 target price on Sprouts Farmers Market and gave the company a “neutral” rating in a research report on Thursday, May 1st. Bank of America upped their price target on Sprouts Farmers Market from $165.00 to $185.00 and gave the stock a “buy” rating in a report on Tuesday, February 11th. BMO Capital Markets raised their price objective on Sprouts Farmers Market from $140.00 to $180.00 and gave the company a “market perform” rating in a research note on Friday, February 21st. Finally, JPMorgan Chase & Co. upped their target price on shares of Sprouts Farmers Market from $131.00 to $136.00 and gave the stock a “neutral” rating in a research note on Tuesday, March 11th. Nine research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, Sprouts Farmers Market has a consensus rating of “Hold” and an average price target of $167.79.

Insider Buying and Selling

In other Sprouts Farmers Market news, VP Stacy W. Hilgendorf sold 890 shares of Sprouts Farmers Market stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $137.42, for a total transaction of $122,303.80. Following the completion of the transaction, the vice president now owns 9,347 shares of the company’s stock, valued at $1,284,464.74. The trade was a 8.69 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Timmi Zalatoris sold 1,065 shares of the stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $134.97, for a total transaction of $143,743.05. Following the completion of the sale, the insider now directly owns 9,830 shares in the company, valued at approximately $1,326,755.10. The trade was a 9.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 104,141 shares of company stock valued at $14,851,836. Company insiders own 1.10% of the company’s stock.

Sprouts Farmers Market Stock Performance

NASDAQ:SFM opened at $161.59 on Friday. The company has a market capitalization of $15.81 billion, a P/E ratio of 42.98, a P/E/G ratio of 2.31 and a beta of 0.87. The business has a fifty day simple moving average of $153.36 and a two-hundred day simple moving average of $148.03. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.13 and a quick ratio of 0.59. Sprouts Farmers Market, Inc. has a 1 year low of $74.15 and a 1 year high of $178.99.

Sprouts Farmers Market (NASDAQ:SFM) last announced its quarterly earnings data on Wednesday, April 30th. The company reported $1.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.54 by $0.27. The business had revenue of $2.24 billion for the quarter, compared to analysts’ expectations of $2.20 billion. Sprouts Farmers Market had a return on equity of 29.86% and a net margin of 4.93%. The firm’s quarterly revenue was up 18.7% compared to the same quarter last year. During the same period in the previous year, the business posted $1.12 EPS. On average, analysts expect that Sprouts Farmers Market, Inc. will post 4.29 earnings per share for the current year.

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.