Fox Run Management L.L.C. reduced its stake in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM – Free Report) by 58.2% during the fourth quarter, Holdings Channel reports. The institutional investor owned 9,983 shares of the company’s stock after selling 13,924 shares during the quarter. Fox Run Management L.L.C.’s holdings in Sprouts Farmers Market were worth $795,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Newbridge Financial Services Group Inc. bought a new position in shares of Sprouts Farmers Market during the second quarter valued at about $29,000. Smartleaf Asset Management LLC boosted its holdings in shares of Sprouts Farmers Market by 98.6% during the third quarter. Smartleaf Asset Management LLC now owns 284 shares of the company’s stock worth $31,000 after purchasing an additional 141 shares during the period. TD Private Client Wealth LLC boosted its holdings in shares of Sprouts Farmers Market by 1,309.1% during the fourth quarter. TD Private Client Wealth LLC now owns 310 shares of the company’s stock worth $25,000 after purchasing an additional 288 shares during the period. Sound Income Strategies LLC purchased a new stake in shares of Sprouts Farmers Market during the fourth quarter worth about $27,000. Finally, Clearstead Advisors LLC boosted its holdings in shares of Sprouts Farmers Market by 72.7% during the fourth quarter. Clearstead Advisors LLC now owns 380 shares of the company’s stock worth $30,000 after purchasing an additional 160 shares during the period.
Sprouts Farmers Market Stock Performance
Shares of SFM opened at $86.82 on Thursday. The company has a quick ratio of 0.42, a current ratio of 0.92 and a debt-to-equity ratio of 0.07. The business’s 50 day moving average price is $80.16 and its 200-day moving average price is $78.00. Sprouts Farmers Market, Inc. has a 52 week low of $64.75 and a 52 week high of $173.96. The stock has a market cap of $8.16 billion, a P/E ratio of 16.70, a P/E/G ratio of 1.79 and a beta of 0.67.
Insider Transactions at Sprouts Farmers Market
In other news, insider Brandon F. Lombardi sold 406 shares of the business’s stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $82.04, for a total value of $33,308.24. Following the sale, the insider directly owned 6,801 shares of the company’s stock, valued at $557,954.04. The trade was a 5.63% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Timmi Zalatoris sold 426 shares of the business’s stock in a transaction that occurred on Monday, March 23rd. The stock was sold at an average price of $78.52, for a total value of $33,449.52. Following the completion of the sale, the insider directly owned 13,045 shares in the company, valued at approximately $1,024,293.40. This represents a 3.16% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 151,734 shares of company stock worth $12,423,050. Company insiders own 1.30% of the company’s stock.
Wall Street Analyst Weigh In
A number of analysts have recently weighed in on SFM shares. Royal Bank Of Canada reiterated an “outperform” rating and set a $114.00 target price on shares of Sprouts Farmers Market in a report on Monday, June 1st. Wall Street Zen lowered shares of Sprouts Farmers Market from a “buy” rating to a “hold” rating in a report on Saturday, February 21st. Barclays dropped their target price on shares of Sprouts Farmers Market from $122.00 to $100.00 and set an “overweight” rating for the company in a report on Wednesday, February 18th. Evercore reiterated an “outperform” rating on shares of Sprouts Farmers Market in a report on Thursday, April 30th. Finally, The Goldman Sachs Group set a $111.00 target price on shares of Sprouts Farmers Market in a report on Friday, February 20th. Seven investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $96.08.
Read Our Latest Stock 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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