Strs Ohio Sells 7,585 Shares of Sprouts Farmers Market, Inc. $SFM

Strs Ohio trimmed its position in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 76.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,341 shares of the company’s stock after selling 7,585 shares during the quarter. Strs Ohio’s holdings in Sprouts Farmers Market were worth $255,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in SFM. Newbridge Financial Services Group Inc. bought a new position in shares of Sprouts Farmers Market during the second quarter valued at about $29,000. Root Financial Partners LLC bought a new position in shares of Sprouts Farmers Market during the 3rd quarter worth approximately $26,000. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of Sprouts Farmers Market in the 3rd quarter worth approximately $33,000. Cullen Frost Bankers Inc. grew its holdings in shares of Sprouts Farmers Market by 60.5% in the second quarter. Cullen Frost Bankers Inc. now owns 419 shares of the company’s stock valued at $69,000 after acquiring an additional 158 shares in the last quarter. Finally, State of Wyoming bought a new position in shares of Sprouts Farmers Market in the second quarter valued at approximately $77,000.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft downgraded Sprouts Farmers Market from a “buy” rating to a “hold” rating and set a $88.00 price objective for the company. in a research note on Thursday, January 8th. Bank of America reduced their price target on shares of Sprouts Farmers Market from $200.00 to $160.00 and set a “buy” rating for the company in a research report on Thursday, October 23rd. Wall Street Zen lowered shares of Sprouts Farmers Market from a “buy” rating to a “hold” rating in a research report on Sunday, December 21st. Weiss Ratings reissued a “hold (c)” rating on shares of Sprouts Farmers Market in a research report on Monday, December 29th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Sprouts Farmers Market from $124.00 to $91.00 and set a “neutral” rating for the company in a research note on Thursday, October 30th. Eight equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $129.38.

Insider Transactions at Sprouts Farmers Market

In other news, CMO Alisa Gmelich sold 3,161 shares of the company’s stock in a transaction dated Friday, December 12th. The stock was sold at an average price of $79.39, for a total transaction of $250,951.79. Following the sale, the chief marketing officer directly owned 5,552 shares in the company, valued at $440,773.28. This represents a 36.28% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider John Scott Neal sold 17,471 shares of the stock in a transaction dated Wednesday, December 3rd. The stock was sold at an average price of $85.20, for a total transaction of $1,488,529.20. Following the completion of the sale, the insider directly owned 14,178 shares in the company, valued at approximately $1,207,965.60. The trade was a 55.20% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 1.10% of the stock is owned by insiders.

Sprouts Farmers Market Price Performance

Sprouts Farmers Market stock opened at $69.59 on Tuesday. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.05 and a quick ratio of 0.53. Sprouts Farmers Market, Inc. has a one year low of $68.46 and a one year high of $182.00. The firm has a market capitalization of $6.78 billion, a P/E ratio of 13.46, a PEG ratio of 0.71 and a beta of 0.76. The business has a fifty day moving average price of $78.84 and a 200-day moving average price of $106.63.

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.