Raiffeisen Bank International AG lifted its holdings in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM – Free Report) by 102.3% in the 4th quarter, Holdings Channel reports. The firm owned 434,686 shares of the company’s stock after acquiring an additional 219,803 shares during the period. Raiffeisen Bank International AG’s holdings in Sprouts Farmers Market were worth $34,840,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently modified their holdings of the business. Swiss National Bank grew its holdings in shares of Sprouts Farmers Market by 1.6% during the fourth quarter. Swiss National Bank now owns 192,650 shares of the company’s stock worth $15,348,000 after purchasing an additional 3,000 shares in the last quarter. Qtron Investments LLC purchased a new position in shares of Sprouts Farmers Market during the fourth quarter worth about $354,000. Nuveen LLC grew its holdings in shares of Sprouts Farmers Market by 17.3% during the fourth quarter. Nuveen LLC now owns 479,660 shares of the company’s stock worth $38,215,000 after purchasing an additional 70,770 shares in the last quarter. Empowered Funds LLC purchased a new position in shares of Sprouts Farmers Market during the fourth quarter worth about $69,000. Finally, Illinois Municipal Retirement Fund grew its holdings in shares of Sprouts Farmers Market by 12.7% during the fourth quarter. Illinois Municipal Retirement Fund now owns 41,331 shares of the company’s stock worth $3,293,000 after purchasing an additional 4,669 shares in the last quarter.
Sprouts Farmers Market Stock Performance
NASDAQ:SFM opened at $88.12 on Friday. The firm has a market cap of $8.29 billion, a PE ratio of 16.95, a price-to-earnings-growth ratio of 1.84 and a beta of 0.67. Sprouts Farmers Market, Inc. has a fifty-two week low of $64.75 and a fifty-two week high of $173.96. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.42 and a current ratio of 0.92. The business has a 50 day moving average price of $80.38 and a 200-day moving average price of $78.04.
Analyst Upgrades and Downgrades
SFM has been the subject of several recent analyst reports. JPMorgan Chase & Co. boosted their price objective on Sprouts Farmers Market from $77.00 to $78.00 and gave the stock a “neutral” rating in a report on Thursday, April 30th. UBS Group cut their target price on Sprouts Farmers Market from $108.00 to $75.00 and set a “neutral” rating for the company in a research note on Wednesday, February 18th. The Goldman Sachs Group set a $111.00 target price on Sprouts Farmers Market in a research note on Friday, February 20th. Wall Street Zen lowered Sprouts Farmers Market from a “buy” rating to a “hold” rating in a research note on Saturday, February 21st. Finally, Barclays cut their target price on Sprouts Farmers Market from $122.00 to $100.00 and set an “overweight” rating for the company in a research note on Wednesday, February 18th. Seven 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. Based on data from MarketBeat.com, Sprouts Farmers Market has a consensus rating of “Hold” and an average target price of $96.08.
Read Our Latest Stock Report on SFM
Insider Activity
In other news, SVP Kim Coffin sold 313 shares of the stock in a transaction that occurred on Friday, March 20th. The stock was sold at an average price of $83.97, for a total transaction of $26,282.61. Following the completion of the sale, the senior vice president owned 23,332 shares of the company’s stock, valued at approximately $1,959,188.04. This represents a 1.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Joseph L. Hurley sold 323 shares of the stock in a transaction that occurred on Friday, March 20th. The shares were sold at an average price of $83.97, for a total value of $27,122.31. Following the sale, the insider directly owned 28,282 shares of the company’s stock, valued at approximately $2,374,839.54. This trade represents a 1.13% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 148,738 shares of company stock valued at $12,185,228. Corporate insiders own 1.30% of the company’s stock.
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.
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