Parvin Asset Management LLC Invests $191,000 in Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Parvin Asset Management LLC bought a new position in Sprouts Farmers Market, Inc. (NASDAQ:SFM) during the 4th quarter, Holdings Channel.com reports. The institutional investor bought 1,500 shares of the company’s stock, valued at approximately $191,000.

Several other institutional investors also recently made changes to their positions in the stock. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Sprouts Farmers Market in the fourth quarter worth $31,000. GeoWealth Management LLC boosted its holdings in Sprouts Farmers Market by 115.4% in the fourth quarter. GeoWealth Management LLC now owns 265 shares of the company’s stock valued at $34,000 after purchasing an additional 142 shares during the last quarter. Avior Wealth Management LLC grew its position in shares of Sprouts Farmers Market by 93.5% during the fourth quarter. Avior Wealth Management LLC now owns 269 shares of the company’s stock worth $34,000 after buying an additional 130 shares in the last quarter. Global Retirement Partners LLC raised its holdings in Sprouts Farmers Market by 84.1% in the fourth quarter. Global Retirement Partners LLC now owns 289 shares of the company’s stock valued at $37,000 after acquiring an additional 132 shares in the last quarter. Finally, SBI Securities Co. Ltd. bought a new position in Sprouts Farmers Market during the 4th quarter valued at $51,000.

Insider Activity

In other Sprouts Farmers Market news, insider Timmi Zalatoris sold 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $151.34, for a total value of $302,680.00. Following the completion of the sale, the insider now directly owns 13,263 shares in the company, valued at $2,007,222.42. This represents a 13.10 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Jack Sinclair sold 2,915 shares of Sprouts Farmers Market stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $167.54, for a total value of $488,379.10. Following the transaction, the chief executive officer now owns 143,669 shares in the company, valued at approximately $24,070,304.26. This trade represents a 1.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 96,764 shares of company stock valued at $13,562,649. Company insiders own 1.10% of the company’s stock.

Analyst Ratings Changes

SFM has been the subject of several research analyst reports. Wells Fargo & Company boosted their target price on shares of Sprouts Farmers Market from $140.00 to $170.00 and gave the stock an “equal weight” rating in a research report on Friday, February 21st. Royal Bank of Canada restated a “sector perform” rating and set a $160.00 price objective on shares of Sprouts Farmers Market in a research note on Tuesday, March 25th. BMO Capital Markets lifted their target price on Sprouts Farmers Market from $140.00 to $180.00 and gave the stock a “market perform” rating in a research report on Friday, February 21st. Deutsche Bank Aktiengesellschaft raised Sprouts Farmers Market from a “hold” rating to a “buy” rating and upped their price target for the company from $163.00 to $190.00 in a research report on Monday, March 17th. Finally, Roth Mkm lifted their price objective on shares of Sprouts Farmers Market from $105.00 to $146.00 and gave the stock a “neutral” rating in a report on Friday, February 21st. Eight investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $167.00.

Sprouts Farmers Market Stock Performance

Shares of SFM opened at $171.00 on Thursday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.59 and a current ratio of 1.13. Sprouts Farmers Market, Inc. has a 1 year low of $64.02 and a 1 year high of $178.99. The firm has a fifty day moving average of $150.31 and a 200-day moving average of $145.56. The company has a market cap of $16.79 billion, a price-to-earnings ratio of 45.48, a price-to-earnings-growth ratio of 2.31 and a beta of 0.87.

Sprouts Farmers Market (NASDAQ:SFM) last posted its earnings results on Wednesday, April 30th. The company reported $1.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.54 by $0.27. The firm had revenue of $2.24 billion during the quarter, compared to analyst estimates of $2.20 billion. Sprouts Farmers Market had a net margin of 4.93% and a return on equity of 29.86%. Sprouts Farmers Market’s revenue was up 18.7% on a year-over-year basis. During the same period in the previous year, the business posted $1.12 EPS. As a group, equities analysts anticipate that Sprouts Farmers Market, Inc. will post 4.29 earnings per share for the current 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.