CWM LLC lessened its position in shares of Sprouts Farmers Market Inc (NASDAQ:SFM) by 3.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 126,463 shares of the company’s stock after selling 4,451 shares during the quarter. CWM LLC owned approximately 0.10% of Sprouts Farmers Market worth $3,079,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Advisory Services Network LLC raised its stake in Sprouts Farmers Market by 1,093.0% during the second quarter. Advisory Services Network LLC now owns 5,309 shares of the company’s stock worth $120,000 after purchasing an additional 4,864 shares during the period. Victory Capital Management Inc. increased its position in shares of Sprouts Farmers Market by 17.6% during the second quarter. Victory Capital Management Inc. now owns 7,739 shares of the company’s stock valued at $175,000 after acquiring an additional 1,161 shares during the last quarter. Harvest Management LLC acquired a new stake in shares of Sprouts Farmers Market during the third quarter valued at about $188,000. Seven Eight Capital LP acquired a new stake in shares of Sprouts Farmers Market during the second quarter valued at about $193,000. Finally, Sadoff Investment Management LLC acquired a new stake in shares of Sprouts Farmers Market during the third quarter valued at about $223,000. 89.98% of the stock is currently owned by institutional investors and hedge funds.
Sprouts Farmers Market Inc (NASDAQ:SFM) traded up $0.30 during midday trading on Friday, reaching $26.35. 2,128,977 shares of the company traded hands, compared to its average volume of 2,093,301. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.00 and a quick ratio of 0.23. Sprouts Farmers Market Inc has a 52-week low of $17.38 and a 52-week high of $28.29. The stock has a market capitalization of $3,542.34, a price-to-earnings ratio of 27.16, a price-to-earnings-growth ratio of 1.92 and a beta of 0.80.
Several research analysts have commented on the stock. Northcoast Research upgraded shares of Sprouts Farmers Market from a “neutral” rating to a “buy” rating in a report on Monday, November 20th. TheStreet upgraded shares of Sprouts Farmers Market from a “c” rating to a “b-” rating in a research report on Monday, December 4th. Wolfe Research raised shares of Sprouts Farmers Market to an “outperform” rating in a research note on Thursday, November 9th. Goldman Sachs Group reissued a “sell” rating and issued a $18.00 price objective on shares of Sprouts Farmers Market in a research note on Tuesday, November 14th. Finally, Zacks Investment Research cut shares of Sprouts Farmers Market from a “hold” rating to a “sell” rating in a research note on Wednesday, October 18th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $25.94.
In other news, Director Shon A. Boney sold 5,902 shares of the firm’s stock in a transaction that occurred on Wednesday, January 24th. The shares were sold at an average price of $28.00, for a total transaction of $165,256.00. Following the completion of the sale, the director now owns 7,272 shares of the company’s stock, valued at $203,616. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Theodore Edward Frumkin II sold 36,667 shares of the firm’s stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $23.93, for a total value of $877,441.31. Following the transaction, the insider now owns 58,912 shares in the company, valued at $1,409,764.16. The disclosure for this sale can be found here. Insiders sold 1,651,481 shares of company stock valued at $42,706,303 in the last ninety days. 2.60% of the stock is owned by corporate insiders.
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Sprouts Farmers Market Profile
Sprouts Farmers Market, Inc is a food retailer. The Company operates as a grocery store that offers fresh, natural and organic food that includes fresh produce, bulk foods, vitamins and supplements, packaged groceries, meat and seafood, deli, baked goods, dairy products, frozen foods, body care and natural household items catering to consumers’ interest in health and wellness.
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