Everence Capital Management Inc. bought a new stake in Sprouts Farmers Market, Inc. (NASDAQ:SFM – Free Report) in the 4th quarter, HoldingsChannel reports. The institutional investor bought 1,820 shares of the company’s stock, valued at approximately $231,000.
Other institutional investors have also added to or reduced their stakes in the company. Accent Capital Management LLC bought a new stake in Sprouts Farmers Market in the 3rd quarter valued at $25,000. V Square Quantitative Management LLC bought a new stake in Sprouts Farmers Market in the third quarter valued at about $38,000. First Horizon Advisors Inc. raised its position in Sprouts Farmers Market by 80.6% in the third quarter. First Horizon Advisors Inc. now owns 363 shares of the company’s stock worth $40,000 after purchasing an additional 162 shares in the last quarter. Quarry LP lifted its stake in Sprouts Farmers Market by 1,425.8% during the second quarter. Quarry LP now owns 473 shares of the company’s stock worth $40,000 after purchasing an additional 442 shares during the period. Finally, Waldron Private Wealth LLC acquired a new stake in Sprouts Farmers Market during the third quarter valued at approximately $60,000.
Sprouts Farmers Market Stock Performance
Shares of Sprouts Farmers Market stock opened at $140.20 on Thursday. The firm has a 50 day simple moving average of $141.10 and a 200 day simple moving average of $114.04. Sprouts Farmers Market, Inc. has a fifty-two week low of $48.73 and a fifty-two week 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 firm has a market cap of $14.02 billion, a P/E ratio of 40.52, a P/E/G ratio of 2.23 and a beta of 0.63.
Analyst Ratings Changes
A number of brokerages have recently issued reports on SFM. Wells Fargo & Company increased their target price on Sprouts Farmers Market from $90.00 to $130.00 and gave the stock an “equal weight” rating in a report on Thursday, October 31st. StockNews.com upgraded Sprouts Farmers Market from a “hold” rating to a “buy” rating in a research note on Friday, January 3rd. Melius Research started coverage on shares of Sprouts Farmers Market in a research note on Monday, September 23rd. They issued a “hold” rating and a $105.00 target price on the stock. Evercore ISI increased their target price on shares of Sprouts Farmers Market from $155.00 to $160.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 3rd. Finally, Bank of America boosted their price target on shares of Sprouts Farmers Market from $115.00 to $135.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Eight equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $118.40.
Read Our Latest Research Report on SFM
Insider Buying and Selling at Sprouts Farmers Market
In other Sprouts Farmers Market news, CEO Jack Sinclair sold 5,714 shares of the firm’s stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $138.99, for a total transaction of $794,188.86. Following the transaction, the chief executive officer now owns 158,148 shares in the company, valued at approximately $21,980,990.52. This trade represents a 3.49 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Joseph D. O’leary sold 350 shares of the business’s stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $150.11, for a total value of $52,538.50. Following the transaction, the director now owns 17,991 shares of the company’s stock, valued at $2,700,629.01. The trade was a 1.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 59,855 shares of company stock worth $8,475,575. Company insiders own 1.10% of the company’s stock.
About Sprouts Farmers Market
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.
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