Blue Bell Private Wealth Management LLC Takes Position in Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Blue Bell Private Wealth Management LLC bought a new stake in Sprouts Farmers Market, Inc. (NASDAQ:SFMFree Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 552 shares of the company’s stock, valued at approximately $36,000.

Several other hedge funds and other institutional investors have also made changes to their positions in SFM. Nordea Investment Management AB grew its holdings in shares of Sprouts Farmers Market by 614.5% in the fourth quarter. Nordea Investment Management AB now owns 3,039,640 shares of the company’s stock worth $146,359,000 after purchasing an additional 2,614,241 shares during the last quarter. Point72 Asset Management L.P. grew its holdings in shares of Sprouts Farmers Market by 411.4% in the fourth quarter. Point72 Asset Management L.P. now owns 1,538,410 shares of the company’s stock worth $74,013,000 after purchasing an additional 1,237,610 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of Sprouts Farmers Market by 36.9% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,478,588 shares of the company’s stock worth $71,135,000 after purchasing an additional 398,901 shares during the last quarter. Boston Trust Walden Corp grew its holdings in shares of Sprouts Farmers Market by 1.2% in the fourth quarter. Boston Trust Walden Corp now owns 1,477,341 shares of the company’s stock worth $71,075,000 after purchasing an additional 17,565 shares during the last quarter. Finally, Invesco Ltd. grew its holdings in shares of Sprouts Farmers Market by 6.6% in the third quarter. Invesco Ltd. now owns 1,436,821 shares of the company’s stock worth $61,496,000 after purchasing an additional 88,997 shares during the last quarter.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on SFM. Wells Fargo & Company increased their target price on shares of Sprouts Farmers Market from $48.00 to $62.00 and gave the stock an “underweight” rating in a report on Thursday, May 2nd. Evercore ISI increased their target price on shares of Sprouts Farmers Market from $68.00 to $70.00 and gave the stock an “in-line” rating in a report on Tuesday, May 14th. Deutsche Bank Aktiengesellschaft increased their price target on shares of Sprouts Farmers Market from $60.00 to $63.00 and gave the company a “hold” rating in a research report on Thursday, May 9th. The Goldman Sachs Group increased their price target on shares of Sprouts Farmers Market from $56.00 to $71.00 and gave the company a “buy” rating in a research report on Tuesday, March 5th. Finally, Bank of America raised shares of Sprouts Farmers Market from an “underperform” rating to a “buy” rating and increased their price target for the company from $30.00 to $70.00 in a research report on Tuesday, February 27th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, Sprouts Farmers Market has a consensus rating of “Hold” and an average price target of $57.25.

Check Out Our Latest Stock Analysis on SFM

Insider Buying and Selling at Sprouts Farmers Market

In other Sprouts Farmers Market news, insider David Mcglinchey sold 12,219 shares of the firm’s stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $74.01, for a total value of $904,328.19. Following the completion of the sale, the insider now owns 25,007 shares of the company’s stock, valued at $1,850,768.07. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other Sprouts Farmers Market news, insider David Mcglinchey sold 12,219 shares of the firm’s stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $74.01, for a total value of $904,328.19. Following the completion of the sale, the insider now owns 25,007 shares of the company’s stock, valued at $1,850,768.07. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP Kim Coffin sold 1,322 shares of Sprouts Farmers Market stock in a transaction on Monday, May 6th. The stock was sold at an average price of $75.05, for a total value of $99,216.10. Following the transaction, the senior vice president now directly owns 5,500 shares of the company’s stock, valued at approximately $412,775. The disclosure for this sale can be found here. Over the last quarter, insiders sold 210,567 shares of company stock valued at $13,722,524. 1.10% of the stock is owned by company insiders.

Sprouts Farmers Market Stock Performance

Shares of SFM traded up $0.75 during mid-day trading on Wednesday, reaching $79.17. 2,496,305 shares of the company’s stock were exchanged, compared to its average volume of 1,339,796. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.19 and a quick ratio of 0.65. The stock has a market capitalization of $7.96 billion, a PE ratio of 27.30, a price-to-earnings-growth ratio of 2.82 and a beta of 0.50. The business’s fifty day simple moving average is $67.60 and its 200-day simple moving average is $56.04. Sprouts Farmers Market, Inc. has a 52-week low of $32.12 and a 52-week high of $79.77.

Sprouts Farmers Market (NASDAQ:SFMGet Free Report) last issued its quarterly earnings results on Wednesday, May 1st. The company reported $1.12 earnings per share for the quarter, topping the consensus estimate of $1.00 by $0.12. Sprouts Farmers Market had a return on equity of 26.77% and a net margin of 4.25%. The firm had revenue of $1.88 billion during the quarter, compared to the consensus estimate of $1.85 billion. During the same period last year, the company earned $0.98 earnings per share. The company’s revenue for the quarter was up 8.7% on a year-over-year basis. On average, equities research analysts expect that Sprouts Farmers Market, Inc. will post 3.11 earnings per share for the current year.

About Sprouts Farmers Market

(Free Report)

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.

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Institutional Ownership by Quarter for Sprouts Farmers Market (NASDAQ:SFM)

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