RFG Advisory LLC Has $1.02 Million Holdings in Sprouts Farmers Market, Inc. (NASDAQ:SFM)

RFG Advisory LLC grew its position in Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 32.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,045 shares of the company’s stock after purchasing an additional 1,981 shares during the quarter. RFG Advisory LLC’s holdings in Sprouts Farmers Market were worth $1,022,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Accent Capital Management LLC bought a new position in shares of Sprouts Farmers Market during the third quarter worth approximately $25,000. Avior Wealth Management LLC increased its stake in Sprouts Farmers Market by 93.5% during the 4th quarter. Avior Wealth Management LLC now owns 269 shares of the company’s stock worth $34,000 after acquiring an additional 130 shares during the period. V Square Quantitative Management LLC acquired a new position in Sprouts Farmers Market in the 3rd quarter valued at $38,000. Quarry LP lifted its position in shares of Sprouts Farmers Market by 1,425.8% during the 2nd quarter. Quarry LP now owns 473 shares of the company’s stock valued at $40,000 after acquiring an additional 442 shares during the period. Finally, First Horizon Advisors Inc. grew its holdings in shares of Sprouts Farmers Market by 80.6% during the 3rd quarter. First Horizon Advisors Inc. now owns 363 shares of the company’s stock worth $40,000 after purchasing an additional 162 shares in the last quarter.

Sprouts Farmers Market Price Performance

Shares of SFM opened at $146.75 on Friday. The business has a 50-day simple moving average of $141.60 and a two-hundred day simple moving average of $119.01. Sprouts Farmers Market, Inc. has a 12-month low of $49.35 and a 12-month high of $155.64. The stock has a market cap of $14.67 billion, a PE ratio of 42.41, a PEG ratio of 1.93 and a beta of 0.63. The company has a quick ratio of 0.59, a current ratio of 1.13 and a debt-to-equity ratio of 0.01.

Sprouts Farmers Market (NASDAQ:SFM) last posted its earnings results on Wednesday, October 30th. The company reported $0.91 EPS for the quarter, topping the consensus estimate of $0.77 by $0.14. Sprouts Farmers Market had a net margin of 4.73% and a return on equity of 28.24%. The business had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $1.88 billion. During the same period last year, the company earned $0.65 EPS. The firm’s revenue was up 13.6% compared to the same quarter last year. Analysts anticipate that Sprouts Farmers Market, Inc. will post 3.68 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Joseph D. O’leary sold 350 shares of the company’s stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $150.11, for a total value of $52,538.50. Following the sale, the director now directly owns 17,991 shares in the company, valued at $2,700,629.01. This represents a 1.91 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Douglas Gregory Rauch sold 700 shares of the firm’s stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $148.89, for a total transaction of $104,223.00. Following the transaction, the director now owns 10,874 shares of the company’s stock, valued at approximately $1,619,029.86. The trade was a 6.05 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 61,869 shares of company stock valued at $8,778,152 over the last 90 days. 1.10% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts recently commented on SFM shares. StockNews.com raised Sprouts Farmers Market from a “hold” rating to a “buy” rating in a research note on Wednesday, January 15th. Evercore ISI boosted their target price on shares of Sprouts Farmers Market from $155.00 to $160.00 and gave the company an “outperform” rating in a research report on Tuesday, December 3rd. The Goldman Sachs Group increased their price target on shares of Sprouts Farmers Market from $127.00 to $159.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. BMO Capital Markets boosted their price objective on shares of Sprouts Farmers Market from $102.00 to $140.00 and gave the company a “market perform” rating in a research report on Thursday, October 31st. Finally, Wells Fargo & Company raised their target price on Sprouts Farmers Market from $90.00 to $130.00 and gave the company an “equal weight” rating in a report on Thursday, October 31st. Eight investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $118.40.

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.