Avantax Advisory Services Inc. Has $610,000 Position in Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Avantax Advisory Services Inc. boosted its stake in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 14.8% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,800 shares of the company’s stock after purchasing an additional 618 shares during the period. Avantax Advisory Services Inc.’s holdings in Sprouts Farmers Market were worth $610,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Wesbanco Bank Inc. raised its stake in shares of Sprouts Farmers Market by 0.3% during the 4th quarter. Wesbanco Bank Inc. now owns 28,659 shares of the company’s stock worth $3,642,000 after purchasing an additional 77 shares in the last quarter. EverSource Wealth Advisors LLC lifted its stake in shares of Sprouts Farmers Market by 4.1% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,975 shares of the company’s stock worth $251,000 after buying an additional 77 shares during the last quarter. Greenleaf Trust boosted its stake in Sprouts Farmers Market by 1.2% in the 4th quarter. Greenleaf Trust now owns 6,715 shares of the company’s stock valued at $853,000 after purchasing an additional 80 shares during the period. Foundations Investment Advisors LLC grew its stake in shares of Sprouts Farmers Market by 1.4% in the fourth quarter. Foundations Investment Advisors LLC now owns 6,649 shares of the company’s stock valued at $845,000 after acquiring an additional 90 shares in the last quarter. Finally, Ballentine Partners LLC increased its holdings in shares of Sprouts Farmers Market by 2.6% during the fourth quarter. Ballentine Partners LLC now owns 3,849 shares of the company’s stock worth $489,000 after purchasing an additional 96 shares during the period.

Insider Activity at Sprouts Farmers Market

In other Sprouts Farmers Market news, Director Douglas Gregory Rauch sold 1,000 shares of the company’s stock in a transaction dated Thursday, March 20th. The shares were sold at an average price of $140.25, for a total transaction of $140,250.00. Following the sale, the director now directly owns 10,598 shares of the company’s stock, valued at $1,486,369.50. This represents a 8.62 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Jack Sinclair sold 2,915 shares of the business’s stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $167.54, for a total transaction of $488,379.10. Following the sale, the chief executive officer now directly owns 143,669 shares in the company, valued at $24,070,304.26. The trade was a 1.99 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 83,501 shares of company stock worth $11,616,851. 1.10% of the stock is owned by company insiders.

Sprouts Farmers Market Stock Up 1.9 %

Shares of NASDAQ SFM opened at $142.39 on Friday. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.13 and a quick ratio of 0.59. The company has a 50-day moving average price of $150.88 and a 200-day moving average price of $135.75. The stock has a market capitalization of $14.04 billion, a P/E ratio of 37.87, a P/E/G ratio of 2.31 and a beta of 0.67. Sprouts Farmers Market, Inc. has a 1 year low of $61.61 and a 1 year high of $178.99.

Sprouts Farmers Market (NASDAQ:SFM) last announced its earnings results on Thursday, February 20th. The company reported $0.79 earnings per share for the quarter, topping analysts’ consensus estimates of $0.72 by $0.07. The firm had revenue of $2 billion for the quarter, compared to the consensus estimate of $1.96 billion. Sprouts Farmers Market had a return on equity of 29.86% and a net margin of 4.93%. On average, equities research analysts forecast that Sprouts Farmers Market, Inc. will post 4.29 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Wells Fargo & Company increased their price target 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. The Goldman Sachs Group increased their target price on Sprouts Farmers Market from $174.00 to $200.00 and gave the company a “buy” rating in a research report on Friday, February 21st. StockNews.com upgraded shares of Sprouts Farmers Market from a “hold” rating to a “buy” rating in a research report on Friday, February 21st. Bank of America lifted their target price on Sprouts Farmers Market from $165.00 to $185.00 and gave the stock a “buy” rating in a report on Tuesday, February 11th. Finally, UBS Group lifted their target price on shares of Sprouts Farmers Market from $132.00 to $195.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 19th. Nine analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, Sprouts Farmers Market presently has an average rating of “Hold” and an average price target of $162.92.

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.