B. Riley Wealth Advisors Inc. Lowers Stock Holdings in Sprouts Farmers Market, Inc. (NASDAQ:SFM)

B. Riley Wealth Advisors Inc. reduced its stake in Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 2.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,411 shares of the company’s stock after selling 280 shares during the quarter. B. Riley Wealth Advisors Inc.’s holdings in Sprouts Farmers Market were worth $453,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Hennessy Advisors Inc. purchased a new stake in Sprouts Farmers Market in the fourth quarter valued at approximately $23,992,000. ICA Group Wealth Management LLC bought a new position in Sprouts Farmers Market during the fourth quarter valued at approximately $53,000. Congress Asset Management Co. MA grew its position in Sprouts Farmers Market by 6.7% during the fourth quarter. Congress Asset Management Co. MA now owns 872,019 shares of the company’s stock valued at $41,953,000 after acquiring an additional 54,659 shares during the last quarter. Vima LLC bought a new position in Sprouts Farmers Market during the fourth quarter valued at approximately $157,000. Finally, Goldman Sachs Group Inc. grew its position in Sprouts Farmers Market by 36.9% during the fourth quarter. Goldman Sachs Group Inc. now owns 1,478,588 shares of the company’s stock valued at $71,135,000 after acquiring an additional 398,901 shares during the last quarter.

Insiders Place Their Bets

In other Sprouts Farmers Market news, insider David Mcglinchey sold 12,219 shares of the business’s stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $74.01, for a total value of $904,328.19. Following the completion of the transaction, the insider now owns 25,007 shares of the company’s stock, valued at approximately $1,850,768.07. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other news, insider David Mcglinchey sold 12,219 shares of the company’s stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $74.01, for a total transaction of $904,328.19. Following the completion of the sale, the insider now owns 25,007 shares of the company’s stock, valued at approximately $1,850,768.07. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Kim Coffin sold 1,322 shares of the company’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $75.05, for a total transaction of $99,216.10. Following the sale, the senior vice president now directly owns 5,500 shares of the company’s stock, valued at approximately $412,775. The disclosure for this sale can be found here. In the last 90 days, insiders sold 60,433 shares of company stock valued at $4,522,865. 1.10% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research analysts have commented on the stock. Wells Fargo & Company increased their price target on shares of Sprouts Farmers Market from $48.00 to $62.00 and gave the company an “underweight” rating in a research report on Thursday, May 2nd. BMO Capital Markets raised their target price on shares of Sprouts Farmers Market from $31.00 to $40.00 and gave the stock an “underperform” rating in a report on Thursday, May 2nd. Bank of America upgraded shares of Sprouts Farmers Market from an “underperform” rating to a “buy” rating and raised their target price for the stock from $30.00 to $70.00 in a report on Tuesday, February 27th. The Goldman Sachs Group raised their price target 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, Deutsche Bank Aktiengesellschaft boosted their target price on shares of Sprouts Farmers Market from $60.00 to $63.00 and gave the company a “hold” rating in a report on Thursday, May 9th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company. According to MarketBeat, Sprouts Farmers Market has an average rating of “Hold” and a consensus price target of $57.88.

Sprouts Farmers Market Stock Performance

Shares of Sprouts Farmers Market stock opened at $80.67 on Tuesday. The stock has a market cap of $8.11 billion, a price-to-earnings ratio of 27.82, a PEG ratio of 2.94 and a beta of 0.51. The firm’s 50-day moving average is $74.46 and its 200 day moving average is $61.98. Sprouts Farmers Market, Inc. has a 1 year low of $34.33 and a 1 year high of $82.96. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.19 and a quick ratio of 0.65.

Sprouts Farmers Market (NASDAQ:SFM) last announced its quarterly earnings results on Wednesday, May 1st. The company reported $1.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.00 by $0.12. Sprouts Farmers Market had a net margin of 4.25% and a return on equity of 26.77%. The company had revenue of $1.88 billion for the quarter, compared to analysts’ expectations of $1.85 billion. During the same quarter in the previous year, the business posted $0.98 EPS. Sprouts Farmers Market’s revenue was up 8.7% compared to the same quarter last year. Sell-side analysts anticipate that Sprouts Farmers Market, Inc. will post 3.12 EPS for the current fiscal 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.