Sprouts Farmers Market, Inc. (NASDAQ:SFM) Shares Sold by Baader Bank Aktiengesellschaft

Baader Bank Aktiengesellschaft decreased its position in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 55.9% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 6,178 shares of the company’s stock after selling 7,817 shares during the quarter. Baader Bank Aktiengesellschaft’s holdings in Sprouts Farmers Market were worth $785,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently added to or reduced their stakes in the company. Geode Capital Management LLC boosted its position in Sprouts Farmers Market by 2.3% during the third quarter. Geode Capital Management LLC now owns 2,484,059 shares of the company’s stock worth $275,634,000 after purchasing an additional 56,161 shares in the last quarter. JPMorgan Chase & Co. boosted its position in Sprouts Farmers Market by 13.1% during the third quarter. JPMorgan Chase & Co. now owns 1,349,694 shares of the company’s stock worth $149,020,000 after purchasing an additional 156,175 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in Sprouts Farmers Market by 5.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 983,257 shares of the company’s stock worth $108,561,000 after purchasing an additional 48,103 shares in the last quarter. Royal London Asset Management Ltd. boosted its position in Sprouts Farmers Market by 1.5% during the third quarter. Royal London Asset Management Ltd. now owns 698,506 shares of the company’s stock worth $77,122,000 after purchasing an additional 10,326 shares in the last quarter. Finally, Franklin Resources Inc. boosted its position in Sprouts Farmers Market by 25.8% during the third quarter. Franklin Resources Inc. now owns 464,366 shares of the company’s stock worth $53,551,000 after purchasing an additional 95,144 shares in the last quarter.

Insider Activity at Sprouts Farmers Market

In other Sprouts Farmers Market news, Director Joe Fortunato sold 11,500 shares of the company’s stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $132.84, for a total transaction of $1,527,660.00. Following the sale, the director now owns 33,571 shares in the company, valued at $4,459,571.64. This represents a 25.52 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Joseph D. O’leary sold 350 shares of the company’s stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $150.11, for a total value of $52,538.50. Following the sale, 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 position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 61,869 shares of company stock valued at $8,778,152. Insiders own 1.10% of the company’s stock.

Sprouts Farmers Market Price Performance

Shares of NASDAQ SFM opened at $155.11 on Thursday. The company has a market capitalization of $15.51 billion, a price-to-earnings ratio of 44.83, a PEG ratio of 1.93 and a beta of 0.63. Sprouts Farmers Market, Inc. has a 1-year low of $49.81 and a 1-year high of $155.64. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.13 and a quick ratio of 0.59. The business has a 50-day moving average of $142.20 and a 200-day moving average of $120.49.

Sprouts Farmers Market (NASDAQ:SFM) last issued its quarterly earnings results on Wednesday, October 30th. The company reported $0.91 EPS for the quarter, beating analysts’ consensus estimates of $0.77 by $0.14. The firm had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $1.88 billion. Sprouts Farmers Market had a return on equity of 28.24% and a net margin of 4.73%. Sprouts Farmers Market’s revenue for the quarter was up 13.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.65 earnings per share. On average, equities analysts anticipate that Sprouts Farmers Market, Inc. will post 3.68 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

SFM has been the subject of a number of analyst reports. BMO Capital Markets boosted their price target on Sprouts Farmers Market from $102.00 to $140.00 and gave the stock a “market perform” rating in a report on Thursday, October 31st. Bank of America boosted their price target on Sprouts Farmers Market from $115.00 to $135.00 and gave the stock a “buy” rating in a report on Friday, October 25th. The Goldman Sachs Group boosted their price target on Sprouts Farmers Market from $127.00 to $159.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Wells Fargo & Company upped their target price on Sprouts Farmers Market from $90.00 to $130.00 and gave the company an “equal weight” rating in a research note on Thursday, October 31st. Finally, Evercore ISI upped their target price on Sprouts Farmers Market from $155.00 to $160.00 and gave the company an “outperform” rating in a research note on Tuesday, December 3rd. Eight research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $118.40.

Sprouts Farmers Market Profile

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.