Foundations Investment Advisors LLC Has $845,000 Stock Holdings in Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Foundations Investment Advisors LLC grew its position in Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 1.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,649 shares of the company’s stock after purchasing an additional 90 shares during the quarter. Foundations Investment Advisors LLC’s holdings in Sprouts Farmers Market were worth $845,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of SFM. Accent Capital Management LLC bought a new stake in Sprouts Farmers Market during the 3rd quarter valued at approximately $25,000. Avior Wealth Management LLC lifted its holdings 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 during the last quarter. V Square Quantitative Management LLC bought a new stake in shares of Sprouts Farmers Market in the third quarter valued at approximately $38,000. First Horizon Advisors Inc. grew its stake in shares of Sprouts Farmers Market by 80.6% in the third quarter. First Horizon Advisors Inc. now owns 363 shares of the company’s stock worth $40,000 after acquiring an additional 162 shares during the last quarter. Finally, Quarry LP increased its position in Sprouts Farmers Market by 1,425.8% during the second quarter. Quarry LP now owns 473 shares of the company’s stock worth $40,000 after acquiring an additional 442 shares during the period.

Sprouts Farmers Market Stock Up 1.8 %

Shares of NASDAQ SFM opened at $155.11 on Thursday. The business has a fifty day moving average of $142.20 and a two-hundred day moving average of $120.49. 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 52-week low of $49.81 and a 52-week high of $155.64. The stock has a market cap of $15.51 billion, a PE ratio of 44.83, a PEG ratio of 1.93 and a beta of 0.63.

Sprouts Farmers Market (NASDAQ:SFM) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.77 by $0.14. Sprouts Farmers Market had a net margin of 4.73% and a return on equity of 28.24%. The firm had revenue of $1.95 billion for the quarter, compared to analysts’ expectations of $1.88 billion. During the same period in the prior year, the firm earned $0.65 earnings per share. The company’s quarterly revenue was up 13.6% compared to the same quarter last year. As a group, equities research analysts expect that Sprouts Farmers Market, Inc. will post 3.68 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Sprouts Farmers Market news, insider Joseph L. Hurley sold 4,956 shares of the firm’s stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $132.66, for a total value of $657,462.96. Following the completion of the sale, the insider now owns 11,184 shares in the company, valued at approximately $1,483,669.44. This trade represents a 30.71 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Joseph D. O’leary sold 350 shares of the company’s stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $150.11, for a total transaction of $52,538.50. Following the transaction, the director now owns 17,991 shares in the company, valued at $2,700,629.01. The trade was a 1.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 61,869 shares of company stock worth $8,778,152 in the last three months. Insiders own 1.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on SFM shares. StockNews.com upgraded shares of Sprouts Farmers Market from a “hold” rating to a “buy” rating in a research report on Wednesday, January 15th. Bank of America lifted their target price on Sprouts Farmers Market from $115.00 to $135.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Wells Fargo & Company upped their price target on Sprouts Farmers Market from $90.00 to $130.00 and gave the company an “equal weight” rating in a report on Thursday, October 31st. BMO Capital Markets boosted their price objective on Sprouts Farmers Market from $102.00 to $140.00 and gave the company a “market perform” rating in a research report on Thursday, October 31st. Finally, The Goldman Sachs Group raised their target price on Sprouts Farmers Market from $127.00 to $159.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Eight equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, Sprouts Farmers Market currently has an average rating of “Hold” and an average target price of $118.40.

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.