Gen Wealth Partners Inc Buys 500 Shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Gen Wealth Partners Inc increased its position in Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 35.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,908 shares of the company’s stock after purchasing an additional 500 shares during the period. Gen Wealth Partners Inc’s holdings in Sprouts Farmers Market were worth $242,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of SFM. Vanguard Group Inc. grew its position in Sprouts Farmers Market by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 10,604,819 shares of the company’s stock worth $1,347,554,000 after purchasing an additional 56,652 shares during the period. Renaissance Technologies LLC grew its holdings in shares of Sprouts Farmers Market by 0.5% in the fourth quarter. Renaissance Technologies LLC now owns 4,464,644 shares of the company’s stock worth $567,322,000 after acquiring an additional 24,000 shares during the period. Marshall Wace LLP increased its position in Sprouts Farmers Market by 10.1% during the fourth quarter. Marshall Wace LLP now owns 1,843,320 shares of the company’s stock valued at $234,231,000 after acquiring an additional 168,605 shares during the last quarter. Invesco Ltd. grew its stake in shares of Sprouts Farmers Market by 22.9% during the 4th quarter. Invesco Ltd. now owns 1,582,896 shares of the company’s stock valued at $201,139,000 after purchasing an additional 294,553 shares during the period. Finally, Northern Trust Corp raised its position in Sprouts Farmers Market by 13.5% in the fourth quarter. Northern Trust Corp now owns 1,355,147 shares of the company’s stock worth $172,199,000 after acquiring an additional 160,882 shares during the period.

Insider Transactions at Sprouts Farmers Market

In related news, Director Joe Fortunato sold 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 7th. The shares were sold at an average price of $166.74, for a total value of $333,480.00. Following the completion of the transaction, the director now owns 28,164 shares of the company’s stock, valued at $4,696,065.36. The trade was a 6.63 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Timmi Zalatoris sold 775 shares of the stock in a transaction on Monday, March 17th. The shares were sold at an average price of $137.42, for a total value of $106,500.50. Following the sale, the insider now directly owns 15,943 shares in the company, valued at $2,190,887.06. This trade represents a 4.64 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 104,141 shares of company stock valued at $14,851,836. 1.10% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on SFM shares. Northcoast Research upgraded Sprouts Farmers Market from a “neutral” rating to a “buy” rating and set a $185.00 target price on the stock in a research report on Friday, February 28th. Wells Fargo & Company upped their price target on shares of Sprouts Farmers Market from $170.00 to $175.00 and gave the stock an “equal weight” rating in a research report on Thursday, May 1st. Royal Bank of Canada increased their price objective on shares of Sprouts Farmers Market from $160.00 to $172.00 and gave the stock a “sector perform” rating in a research note on Thursday, May 1st. Roth Mkm upped their target price 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. Finally, Deutsche Bank Aktiengesellschaft raised Sprouts Farmers Market from a “hold” rating to a “buy” rating and raised their price target for the company from $163.00 to $190.00 in a report on Monday, March 17th. Nine investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $167.79.

Sprouts Farmers Market Trading Up 2.2 %

SFM stock opened at $161.59 on Friday. The firm’s fifty day simple moving average is $153.36 and its two-hundred day simple moving average is $148.23. The stock has a market capitalization of $15.81 billion, a price-to-earnings ratio of 42.98, a price-to-earnings-growth ratio of 2.31 and a beta of 0.87. 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, Inc. has a twelve month low of $74.15 and a twelve month high of $178.99.

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

Sprouts Farmers Market 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.