BI Asset Management Fondsmaeglerselskab A S Sells 74,593 Shares of Sprouts Farmers Market, Inc. $SFM

BI Asset Management Fondsmaeglerselskab A S lowered its holdings in Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 60.8% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 48,050 shares of the company’s stock after selling 74,593 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S’s holdings in Sprouts Farmers Market were worth $5,228,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Gallacher Capital Management LLC bought a new stake in shares of Sprouts Farmers Market in the third quarter valued at approximately $356,000. Optimize Financial Inc bought a new position in Sprouts Farmers Market during the third quarter worth $469,000. Machina Capital S.A.S. acquired a new position in Sprouts Farmers Market during the 3rd quarter valued at $266,000. Ashton Thomas Private Wealth LLC grew its position in Sprouts Farmers Market by 1.5% in the 3rd quarter. Ashton Thomas Private Wealth LLC now owns 28,535 shares of the company’s stock worth $3,105,000 after purchasing an additional 416 shares during the last quarter. Finally, Jones Financial Companies Lllp grew its position in Sprouts Farmers Market by 3.3% in the 3rd quarter. Jones Financial Companies Lllp now owns 5,318 shares of the company’s stock worth $584,000 after purchasing an additional 168 shares during the last quarter.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on SFM shares. Evercore reduced their target price on shares of Sprouts Farmers Market from $175.00 to $130.00 and set an “outperform” rating for the company in a research note on Monday, October 27th. Wall Street Zen upgraded Sprouts Farmers Market from a “hold” rating to a “buy” rating in a research report on Saturday. Weiss Ratings restated a “hold (c)” rating on shares of Sprouts Farmers Market in a research note on Monday, December 29th. Wells Fargo & Company reduced their target price on Sprouts Farmers Market from $180.00 to $135.00 and set an “overweight” rating for the company in a research report on Thursday, October 30th. Finally, Roth Mkm reissued a “neutral” rating and issued a $91.00 price target on shares of Sprouts Farmers Market in a report on Thursday, October 30th. Eight investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $127.69.

Insiders Place Their Bets

In other Sprouts Farmers Market news, insider John Scott Neal sold 17,471 shares of Sprouts Farmers Market stock in a transaction on Wednesday, December 3rd. The stock was sold at an average price of $85.20, for a total transaction of $1,488,529.20. Following the completion of the transaction, the insider directly owned 14,178 shares of the company’s stock, valued at approximately $1,207,965.60. This trade represents a 55.20% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CMO Alisa Gmelich sold 3,161 shares of the company’s stock in a transaction dated Friday, December 12th. The stock was sold at an average price of $79.39, for a total transaction of $250,951.79. Following the completion of the sale, the chief marketing officer directly owned 5,552 shares in the company, valued at approximately $440,773.28. The trade was a 36.28% decrease in their position. The disclosure for this sale is available in the SEC filing. 1.10% of the stock is currently owned by company insiders.

Sprouts Farmers Market Trading Up 1.5%

Shares of SFM opened at $67.32 on Friday. The stock has a 50 day simple moving average of $77.63 and a 200-day simple moving average of $104.73. Sprouts Farmers Market, Inc. has a 1 year low of $66.17 and a 1 year high of $182.00. The stock has a market cap of $6.55 billion, a PE ratio of 13.02, a PEG ratio of 0.66 and a beta of 0.75. The company has a current ratio of 1.05, a quick ratio of 0.53 and a debt-to-equity ratio of 0.04.

Sprouts Farmers Market Company Profile

Sprouts Farmers Market, Inc (NASDAQ: SFM) is a specialty grocery retailer focused on fresh, natural and organic foods. Headquartered in Phoenix, Arizona, the company operates stores designed to offer an open-market shopping experience, emphasizing quality produce sourced from regional farmers alongside organic pantry staples, dairy, meat and seafood. Sprouts’ product assortment also includes bulk foods, vitamins and supplements, a deli and prepared foods, reflecting its commitment to wellness and affordable healthy living.

Founded in 2002 by members of the Boney family, Sprouts began as a single farmers market in Chandler, Arizona.