Gen Wealth Partners Inc Purchases 500 Shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Gen Wealth Partners Inc lifted its holdings in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 35.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,908 shares of the company’s stock after acquiring an additional 500 shares during the quarter. Gen Wealth Partners Inc’s holdings in Sprouts Farmers Market were worth $242,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the business. Barclays PLC boosted its stake in Sprouts Farmers Market by 128.3% in the third quarter. Barclays PLC now owns 199,035 shares of the company’s stock valued at $21,975,000 after acquiring an additional 111,838 shares during the last quarter. AdvisorNet Financial Inc raised its stake in shares of Sprouts Farmers Market by 22.6% in the fourth quarter. AdvisorNet Financial Inc now owns 618 shares of the company’s stock valued at $79,000 after buying an additional 114 shares during the period. Park Avenue Securities LLC lifted its position in shares of Sprouts Farmers Market by 82.2% during the 4th quarter. Park Avenue Securities LLC now owns 4,627 shares of the company’s stock valued at $588,000 after buying an additional 2,087 shares during the last quarter. Burney Co. grew its stake in shares of Sprouts Farmers Market by 2.0% during the 4th quarter. Burney Co. now owns 15,823 shares of the company’s stock worth $2,011,000 after acquiring an additional 315 shares during the period. Finally, Legacy Wealth Asset Management LLC bought a new stake in Sprouts Farmers Market in the 4th quarter valued at about $318,000.

Sprouts Farmers Market Price Performance

Shares of NASDAQ:SFM opened at $161.59 on Friday. The company has a quick ratio of 0.59, a current ratio of 1.13 and a debt-to-equity ratio of 0.01. The stock has a market cap of $15.81 billion, a PE ratio of 42.98, a PEG ratio of 2.31 and a beta of 0.87. The company’s fifty day moving average is $153.36 and its 200 day moving average is $148.23. Sprouts Farmers Market, Inc. has a 52 week low of $74.15 and a 52 week high of $178.99.

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

Analysts Set New Price Targets

Several analysts have recently issued reports on SFM shares. Wells Fargo & Company boosted their price target on shares of Sprouts Farmers Market from $170.00 to $175.00 and gave the company an “equal weight” rating in a research report on Thursday, May 1st. Jefferies Financial Group raised their price target on Sprouts Farmers Market from $119.00 to $139.00 and gave the stock a “hold” rating in a report on Tuesday, February 25th. StockNews.com upgraded Sprouts Farmers Market from a “hold” rating to a “buy” rating in a research note on Wednesday, April 23rd. Roth Mkm raised 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. Finally, Roth Capital set a $155.00 target price on shares of Sprouts Farmers Market and gave the stock a “neutral” rating in a report on Thursday, May 1st. Nine research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $167.79.

Insiders Place Their Bets

In other news, Director Joe Fortunato sold 2,000 shares of the stock in a transaction that occurred on Wednesday, May 7th. The stock was sold at an average price of $166.74, for a total value of $333,480.00. Following the completion of the transaction, the director now owns 28,164 shares of the company’s stock, valued at approximately $4,696,065.36. This represents a 6.63 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CMO Alisa Gmelich sold 445 shares of Sprouts Farmers Market stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $137.42, for a total value of $61,151.90. Following the sale, the chief marketing officer now owns 4,436 shares in the company, valued at $609,595.12. This represents a 9.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 104,141 shares of company stock valued at $14,851,836 in the last quarter. Insiders own 1.10% of the company’s stock.

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.