Quantinno Capital Management LP grew its stake in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM – Free Report) by 37.8% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 70,954 shares of the company’s stock after acquiring an additional 19,466 shares during the period. Quantinno Capital Management LP’s holdings in Sprouts Farmers Market were worth $5,473,000 at the end of the most recent reporting period.
Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. raised its stake in Sprouts Farmers Market by 0.3% during the fourth quarter. Vanguard Group Inc. now owns 9,913,415 shares of the company’s stock worth $789,802,000 after buying an additional 28,951 shares during the last quarter. State Street Corp grew its position in Sprouts Farmers Market by 2.4% in the 4th quarter. State Street Corp now owns 3,115,029 shares of the company’s stock valued at $248,174,000 after purchasing an additional 71,905 shares during the period. Bank of America Corp DE increased its position in shares of Sprouts Farmers Market by 137.0% during the second quarter. Bank of America Corp DE now owns 2,584,923 shares of the company’s stock worth $425,582,000 after acquiring an additional 1,494,014 shares in the last quarter. Morgan Stanley grew its holdings in Sprouts Farmers Market by 51.0% during the fourth quarter. Morgan Stanley now owns 2,098,249 shares of the company’s stock worth $167,168,000 after buying an additional 708,529 shares in the last quarter. Finally, Norges Bank bought a new position in shares of Sprouts Farmers Market in the fourth quarter valued at approximately $161,398,000.
Sprouts Farmers Market Stock Performance
Shares of NASDAQ SFM opened at $87.20 on Friday. Sprouts Farmers Market, Inc. has a 1 year low of $64.75 and a 1 year high of $153.75. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.99 and a quick ratio of 0.43. The stock has a market cap of $8.13 billion, a PE ratio of 16.70, a price-to-earnings-growth ratio of 2.11 and a beta of 0.68. The firm has a fifty day moving average price of $81.79 and a 200-day moving average price of $78.24.
Analysts Set New Price Targets
SFM has been the topic of a number of analyst reports. Royal Bank Of Canada reissued an “outperform” rating and set a $114.00 target price on shares of Sprouts Farmers Market in a report on Monday, June 1st. Evercore restated an “outperform” rating on shares of Sprouts Farmers Market in a report on Monday, July 27th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $84.00 price objective on shares of Sprouts Farmers Market in a research note on Thursday, July 30th. UBS Group raised their price target on Sprouts Farmers Market from $80.00 to $86.00 and gave the stock a “neutral” rating in a research note on Thursday, July 30th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Sprouts Farmers Market in a research report on Wednesday, June 24th. Seven analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $91.58.
Read Our Latest Research Report on SFM
Insider Activity
In other Sprouts Farmers Market news, COO Nicholas Konat sold 12,538 shares of the firm’s stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $87.90, for a total value of $1,102,090.20. Following the completion of the sale, the chief operating officer owned 66,119 shares of the company’s stock, valued at $5,811,860.10. This trade represents a 15.94% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Jack Sinclair sold 10,788 shares of the business’s stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $86.80, for a total transaction of $936,398.40. Following the sale, the chief executive officer directly owned 269,980 shares of the company’s stock, valued at $23,434,264. This represents a 3.84% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 55,692 shares of company stock valued at $4,776,971 in the last 90 days. Company 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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Want to see what other hedge funds are holding SFM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sprouts Farmers Market, Inc. (NASDAQ:SFM – Free Report).
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