Sequoia Financial Advisors LLC raised its holdings in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM – Free Report) by 113.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 10,878 shares of the company’s stock after acquiring an additional 5,789 shares during the period. Sequoia Financial Advisors LLC’s holdings in Sprouts Farmers Market were worth $867,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently made changes to their positions in the business. Chicago Partners Investment Group LLC grew its holdings in shares of Sprouts Farmers Market by 1.0% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 10,457 shares of the company’s stock valued at $1,117,000 after purchasing an additional 102 shares during the last quarter. MML Investors Services LLC grew its holdings in shares of Sprouts Farmers Market by 0.6% during the 2nd quarter. MML Investors Services LLC now owns 20,287 shares of the company’s stock valued at $3,340,000 after purchasing an additional 124 shares during the last quarter. Advisory Services Network LLC grew its holdings in shares of Sprouts Farmers Market by 1.0% during the 2nd quarter. Advisory Services Network LLC now owns 13,486 shares of the company’s stock valued at $2,044,000 after purchasing an additional 139 shares during the last quarter. Smartleaf Asset Management LLC increased its holdings in shares of Sprouts Farmers Market by 98.6% in the third quarter. Smartleaf Asset Management LLC now owns 284 shares of the company’s stock worth $31,000 after buying an additional 141 shares during the period. Finally, HB Wealth Management LLC increased its holdings in shares of Sprouts Farmers Market by 5.1% in the third quarter. HB Wealth Management LLC now owns 3,064 shares of the company’s stock worth $333,000 after buying an additional 150 shares during the period.
Sprouts Farmers Market Stock Down 1.5%
NASDAQ SFM opened at $86.96 on Friday. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.92 and a quick ratio of 0.42. Sprouts Farmers Market, Inc. has a 1 year low of $64.75 and a 1 year high of $182.00. The stock has a market capitalization of $8.18 billion, a PE ratio of 16.72, a PEG ratio of 1.87 and a beta of 0.68. The business’s 50-day moving average is $77.88 and its 200 day moving average is $77.95.
Insiders Place Their Bets
In other Sprouts Farmers Market news, CEO Jack Sinclair sold 57,644 shares of the company’s stock in a transaction on Monday, March 16th. The shares were sold at an average price of $80.82, for a total value of $4,658,788.08. Following the completion of the transaction, the chief executive officer directly owned 277,935 shares in the company, valued at approximately $22,462,706.70. This represents a 17.18% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Brandon F. Lombardi sold 11,745 shares of the company’s stock in a transaction on Wednesday, March 18th. The stock was sold at an average price of $81.59, for a total transaction of $958,274.55. Following the completion of the transaction, the insider owned 8,262 shares of the company’s stock, valued at $674,096.58. This trade represents a 58.70% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 130,156 shares of company stock worth $10,600,146. Company insiders own 1.30% of the company’s stock.
Analysts Set New Price Targets
Several research analysts have recently commented on SFM shares. UBS Group decreased their price objective on Sprouts Farmers Market from $108.00 to $75.00 and set a “neutral” rating on the stock in a report on Wednesday, February 18th. Melius Research downgraded Sprouts Farmers Market from a “hold” rating to a “sell” rating and set a $70.00 price objective for the company. in a research report on Monday, April 6th. Evercore reiterated an “outperform” rating on shares of Sprouts Farmers Market in a research report on Thursday, April 30th. Barclays lowered their price objective on Sprouts Farmers Market from $122.00 to $100.00 and set an “overweight” rating for the company in a research report on Wednesday, February 18th. Finally, Wall Street Zen cut shares of Sprouts Farmers Market from a “buy” rating to a “hold” rating in a research report on Saturday, February 21st. Seven equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $96.08.
Read Our Latest Analysis on SFM
Sprouts Farmers Market 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.
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