Dogwood Wealth Management LLC Purchases Shares of 197 Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Dogwood Wealth Management LLC purchased a new position in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 197 shares of the company’s stock, valued at approximately $30,000.

Other institutional investors also recently bought and sold shares of the company. Linden Thomas Advisory Services LLC boosted its position in Sprouts Farmers Market by 3.0% in the 1st quarter. Linden Thomas Advisory Services LLC now owns 3,492 shares of the company’s stock valued at $533,000 after buying an additional 102 shares during the period. DekaBank Deutsche Girozentrale increased its stake in Sprouts Farmers Market by 2.7% in the first quarter. DekaBank Deutsche Girozentrale now owns 175,633 shares of the company’s stock valued at $25,821,000 after purchasing an additional 4,628 shares during the last quarter. M&T Bank Corp increased its position in shares of Sprouts Farmers Market by 5.9% in the first quarter. M&T Bank Corp now owns 6,534 shares of the company’s stock worth $997,000 after acquiring an additional 364 shares in the last quarter. Consolidated Capital Management LLC acquired a new stake in Sprouts Farmers Market during the 1st quarter valued at approximately $5,219,000. Finally, Crossmark Global Holdings Inc. grew its position in shares of Sprouts Farmers Market by 1.2% during the 1st quarter. Crossmark Global Holdings Inc. now owns 7,201 shares of the company’s stock valued at $1,099,000 after buying an additional 84 shares during the last quarter.

Insiders Place Their Bets

In related news, insider John Scott Neal sold 17,721 shares of the firm’s stock in a transaction on Thursday, May 15th. The stock was sold at an average price of $160.89, for a total transaction of $2,851,131.69. Following the completion of the sale, the insider directly owned 14,178 shares of the company’s stock, valued at $2,281,098.42. This trade represents a 55.55% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Kim Coffin sold 3,643 shares of the business’s stock in a transaction dated Friday, May 2nd. The stock was sold at an average price of $174.27, for a total value of $634,865.61. Following the transaction, the senior vice president owned 11,886 shares of the company’s stock, valued at $2,071,373.22. The trade was a 23.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 69,990 shares of company stock worth $11,554,626 over the last three months. Company insiders own 1.10% of the company’s stock.

Wall Street Analysts Forecast Growth

SFM has been the subject of a number of recent analyst reports. Royal Bank Of Canada raised their price objective on shares of Sprouts Farmers Market from $160.00 to $172.00 and gave the stock a “sector perform” rating in a research note on Thursday, May 1st. JPMorgan Chase & Co. boosted their price target on shares of Sprouts Farmers Market from $131.00 to $136.00 and gave the company a “neutral” rating in a report on Tuesday, March 11th. Wells Fargo & Company raised their target price on shares of Sprouts Farmers Market from $170.00 to $175.00 and gave the stock an “equal weight” rating in a research note on Thursday, May 1st. UBS Group boosted their target price on Sprouts Farmers Market from $195.00 to $196.00 and gave the stock a “neutral” rating in a research note on Thursday, May 1st. Finally, Evercore ISI increased their price target on Sprouts Farmers Market from $180.00 to $185.00 and gave the stock an “outperform” rating in a report on Thursday, May 1st. Nine research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $167.79.

Sprouts Farmers Market Stock Performance

Shares of Sprouts Farmers Market stock opened at $158.88 on Wednesday. The firm has a market capitalization of $15.55 billion, a P/E ratio of 35.70, a P/E/G ratio of 2.05 and a beta of 0.77. The firm’s 50 day moving average is $165.08 and its two-hundred day moving average is $155.01. The company has a quick ratio of 0.51, a current ratio of 0.95 and a debt-to-equity ratio of 0.01. Sprouts Farmers Market, Inc. has a 52 week low of $79.34 and a 52 week high of $182.00.

Sprouts Farmers Market (NASDAQ:SFM) last announced its earnings results on Wednesday, April 30th. The company reported $1.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.54 by $0.27. The business had revenue of $2.24 billion for the quarter, compared to analyst estimates of $2.20 billion. Sprouts Farmers Market had a return on equity of 34.20% and a net margin of 5.53%. The company’s revenue for the quarter was up 18.7% compared to the same quarter last year. During the same period in the previous year, the company earned $1.12 earnings per share. Research analysts forecast that Sprouts Farmers Market, Inc. will post 4.29 EPS for the current fiscal year.

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.