Edgestream Partners L.P. Acquires 9,094 Shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Edgestream Partners L.P. grew its holdings in Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 40.3% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 31,653 shares of the company’s stock after acquiring an additional 9,094 shares during the period. Edgestream Partners L.P.’s holdings in Sprouts Farmers Market were worth $4,832,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. Crossmark Global Holdings Inc. lifted its stake in shares of Sprouts Farmers Market by 1.2% in the first quarter. Crossmark Global Holdings Inc. now owns 7,201 shares of the company’s stock worth $1,099,000 after buying an additional 84 shares during the last quarter. Whipplewood Advisors LLC lifted its stake in shares of Sprouts Farmers Market by 92.0% in the first quarter. Whipplewood Advisors LLC now owns 192 shares of the company’s stock worth $29,000 after buying an additional 92 shares during the last quarter. Summit Investment Advisors Inc. lifted its stake in shares of Sprouts Farmers Market by 0.3% in the fourth quarter. Summit Investment Advisors Inc. now owns 30,664 shares of the company’s stock worth $3,896,000 after buying an additional 95 shares during the last quarter. JT Stratford LLC lifted its stake in shares of Sprouts Farmers Market by 0.9% in the fourth quarter. JT Stratford LLC now owns 11,091 shares of the company’s stock worth $1,409,000 after buying an additional 100 shares during the last quarter. Finally, Linden Thomas Advisory Services LLC lifted its stake in shares of Sprouts Farmers Market by 3.0% in the first quarter. Linden Thomas Advisory Services LLC now owns 3,492 shares of the company’s stock worth $533,000 after buying an additional 102 shares during the last quarter.

Insiders Place Their Bets

In other news, Director Terri F. Graham sold 1,278 shares of the company’s stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $180.00, for a total value of $230,040.00. Following the sale, the director owned 32,910 shares of the company’s stock, valued at approximately $5,923,800. This represents a 3.74% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Timmi Zalatoris sold 2,000 shares of the company’s stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $164.38, for a total transaction of $328,760.00. Following the completion of the sale, the insider directly owned 13,263 shares in the company, valued at approximately $2,180,171.94. The trade was a 13.10% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 74,035 shares of company stock worth $12,213,719 in the last quarter. 1.10% of the stock is owned by corporate insiders.

Sprouts Farmers Market Stock Up 0.1%

SFM opened at $164.65 on Wednesday. The firm’s 50-day simple moving average is $164.05 and its 200-day simple moving average is $156.09. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.51 and a current ratio of 0.95. Sprouts Farmers Market, Inc. has a twelve month low of $81.41 and a twelve month high of $182.00. The firm has a market cap of $16.11 billion, a price-to-earnings ratio of 37.00, a PEG ratio of 2.06 and a beta of 0.77.

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

Analysts Set New Price Targets

A number of brokerages have recently weighed in on SFM. UBS Group boosted their price objective on shares of Sprouts Farmers Market from $195.00 to $196.00 and gave the stock a “neutral” rating in a research note on Thursday, May 1st. Evercore ISI upped their target price on shares of Sprouts Farmers Market from $180.00 to $185.00 and gave the company an “outperform” rating in a research note on Thursday, May 1st. Wall Street Zen upgraded shares of Sprouts Farmers Market from a “hold” rating to a “buy” rating in a research note on Wednesday, April 23rd. Wells Fargo & Company upped their target price on shares of Sprouts Farmers Market from $170.00 to $175.00 and gave the company an “equal weight” rating in a research note on Thursday, May 1st. Finally, Royal Bank Of Canada reiterated a “sector perform” rating and set a $173.00 target price (up from $172.00) on shares of Sprouts Farmers Market in a research note on Tuesday. Nine research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $167.86.

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.