ICA Group Wealth Management LLC Purchases Shares of 1,100 Sprouts Farmers Market, Inc. (NASDAQ:SFM)

ICA Group Wealth Management LLC purchased a new stake in Sprouts Farmers Market, Inc. (NASDAQ:SFM) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 1,100 shares of the company’s stock, valued at approximately $53,000.

Several other institutional investors have also recently added to or reduced their stakes in SFM. Parallel Advisors LLC boosted its stake in shares of Sprouts Farmers Market by 11.7% in the fourth quarter. Parallel Advisors LLC now owns 1,987 shares of the company’s stock valued at $96,000 after purchasing an additional 208 shares during the period. Xponance Inc. boosted its holdings in Sprouts Farmers Market by 1.4% in the fourth quarter. Xponance Inc. now owns 14,976 shares of the company’s stock valued at $720,000 after purchasing an additional 209 shares during the period. Baldwin Brothers LLC MA grew its stake in Sprouts Farmers Market by 20.0% during the 4th quarter. Baldwin Brothers LLC MA now owns 1,260 shares of the company’s stock worth $61,000 after purchasing an additional 210 shares in the last quarter. Nations Financial Group Inc. IA ADV increased its holdings in Sprouts Farmers Market by 3.1% during the 4th quarter. Nations Financial Group Inc. IA ADV now owns 7,149 shares of the company’s stock worth $344,000 after purchasing an additional 216 shares during the period. Finally, CreativeOne Wealth LLC raised its position in Sprouts Farmers Market by 4.5% in the 4th quarter. CreativeOne Wealth LLC now owns 5,137 shares of the company’s stock valued at $247,000 after purchasing an additional 220 shares in the last quarter.

Insiders Place Their Bets

In other Sprouts Farmers Market news, COO Nicholas Konat sold 31,846 shares of the firm’s stock in a transaction dated Friday, March 22nd. The shares were sold at an average price of $62.13, for a total transaction of $1,978,591.98. Following the completion of the transaction, the chief operating officer now directly owns 82,495 shares in the company, valued at approximately $5,125,414.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, COO Nicholas Konat sold 31,846 shares of the business’s stock in a transaction on Friday, March 22nd. The stock was sold at an average price of $62.13, for a total value of $1,978,591.98. Following the completion of the transaction, the chief operating officer now directly owns 82,495 shares of the company’s stock, valued at $5,125,414.35. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Joe Fortunato sold 13,000 shares of the stock in a transaction on Monday, March 4th. The shares were sold at an average price of $63.71, for a total value of $828,230.00. Following the sale, the director now directly owns 39,395 shares in the company, valued at approximately $2,509,855.45. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 160,852 shares of company stock worth $10,032,745. 1.10% of the stock is owned by corporate insiders.

Sprouts Farmers Market Stock Performance

SFM stock traded up $0.52 during trading on Monday, hitting $67.50. The company had a trading volume of 2,411,509 shares, compared to its average volume of 1,311,384. The firm has a 50-day moving average price of $62.51 and a 200-day moving average price of $52.11. Sprouts Farmers Market, Inc. has a 1-year low of $32.12 and a 1-year high of $68.03. The firm has a market cap of $6.83 billion, a PE ratio of 26.89, a price-to-earnings-growth ratio of 2.44 and a beta of 0.50. The company has a quick ratio of 0.51, a current ratio of 1.10 and a debt-to-equity ratio of 0.12.

Sprouts Farmers Market (NASDAQ:SFM) last announced its quarterly earnings data on Thursday, February 22nd. The company reported $0.49 earnings per share for the quarter, beating analysts’ consensus estimates of $0.45 by $0.04. The company had revenue of $1.70 billion for the quarter, compared to analyst estimates of $1.69 billion. Sprouts Farmers Market had a return on equity of 26.71% and a net margin of 3.79%. The firm’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.42 EPS. On average, analysts expect that Sprouts Farmers Market, Inc. will post 2.95 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on SFM shares. Oppenheimer reiterated a “market perform” rating on shares of Sprouts Farmers Market in a research note on Monday. Evercore ISI dropped their price objective on Sprouts Farmers Market from $62.00 to $61.00 and set an “in-line” rating on the stock in a report on Tuesday, April 16th. The Goldman Sachs Group boosted their target price on Sprouts Farmers Market from $56.00 to $71.00 and gave the stock a “buy” rating in a research note on Tuesday, March 5th. Finally, Bank of America upgraded 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 note on Tuesday, February 27th. Six investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Sprouts Farmers Market has a consensus rating of “Hold” and a consensus price target of $51.14.

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.