Strs Ohio Has $255,000 Position in Sprouts Farmers Market, Inc. $SFM

Strs Ohio lessened its stake in 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. The fund owned 2,341 shares of the company’s stock after selling 7,585 shares during the period. Strs Ohio’s holdings in Sprouts Farmers Market were worth $255,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Focus Partners Wealth acquired a new stake in Sprouts Farmers Market during the 1st quarter valued at approximately $400,000. Truist Financial Corp lifted its position in shares of Sprouts Farmers Market by 5.2% in the 2nd quarter. Truist Financial Corp now owns 39,119 shares of the company’s stock worth $6,441,000 after purchasing an additional 1,927 shares during the period. SteelPeak Wealth LLC boosted its stake in shares of Sprouts Farmers Market by 36.0% in the 2nd quarter. SteelPeak Wealth LLC now owns 9,094 shares of the company’s stock valued at $1,497,000 after purchasing an additional 2,407 shares during the last quarter. KLP Kapitalforvaltning AS increased its position in shares of Sprouts Farmers Market by 1.5% during the second quarter. KLP Kapitalforvaltning AS now owns 20,400 shares of the company’s stock worth $3,359,000 after buying an additional 300 shares during the period. Finally, Triasima Portfolio Management inc. increased its position in shares of Sprouts Farmers Market by 26.2% during the second quarter. Triasima Portfolio Management inc. now owns 18,702 shares of the company’s stock worth $3,079,000 after buying an additional 3,884 shares during the period.

Insiders Place Their Bets

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

Analyst Upgrades and Downgrades

A number of brokerages have commented on SFM. Zacks Research raised shares of Sprouts Farmers Market from a “strong sell” rating to a “hold” rating in a research report on Monday, January 12th. Deutsche Bank Aktiengesellschaft downgraded Sprouts Farmers Market from a “buy” rating to a “hold” rating and set a $88.00 price objective on the stock. in a research note on Thursday, January 8th. Weiss Ratings restated a “hold (c)” rating on shares of Sprouts Farmers Market in a research report on Monday, December 29th. UBS Group set a $108.00 target price on Sprouts Farmers Market in a report on Thursday, October 30th. Finally, Wells Fargo & Company dropped their price target on Sprouts Farmers Market from $180.00 to $135.00 and set an “overweight” rating on the stock in a research note on Thursday, October 30th. Eight investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $129.38.

Sprouts Farmers Market Stock Down 1.9%

Shares of NASDAQ:SFM opened at $69.59 on Tuesday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.53 and a current ratio of 1.05. Sprouts Farmers Market, Inc. has a 52-week low of $68.46 and a 52-week high of $182.00. The business’s 50 day simple moving average is $78.84 and its two-hundred day simple moving average is $106.63. The firm has a market cap of $6.78 billion, a P/E ratio of 13.46, a PEG ratio of 0.71 and a beta of 0.76.

About Sprouts Farmers Market

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.