Livforsakringsbolaget Skandia Omsesidigt purchased a new stake in Sprouts Farmers Market, Inc. (NASDAQ:SFM – Free Report) during the second quarter, according to its most recent disclosure with the SEC. The firm purchased 13,900 shares of the company’s stock, valued at approximately $1,176,000.
Several other institutional investors also recently bought and sold shares of the company. Signet Financial Management LLC purchased a new position in Sprouts Farmers Market in the 1st quarter valued at $2,938,000. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Sprouts Farmers Market by 260.7% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 24,644 shares of the company’s stock worth $1,963,000 after buying an additional 17,812 shares in the last quarter. Mawer Investment Management Ltd. acquired a new stake in shares of Sprouts Farmers Market in the fourth quarter valued at about $7,737,000. Eurizon Capital SGR S.p.A. acquired a new stake in shares of Sprouts Farmers Market in the fourth quarter valued at about $4,841,000. Finally, Fulcrum Asset Management LLP purchased a new position in shares of Sprouts Farmers Market in the fourth quarter worth about $1,333,000.
Sprouts Farmers Market Price Performance
Sprouts Farmers Market stock opened at $81.46 on Friday. The company’s 50 day simple moving average is $81.82 and its 200-day simple moving average is $79.55. The company has a market capitalization of $7.60 billion, a price-to-earnings ratio of 15.61, a price-to-earnings-growth ratio of 2.02 and a beta of 0.68. Sprouts Farmers Market, Inc. has a 1 year low of $64.75 and a 1 year high of $141.78. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.43 and a current ratio of 0.99.
Wall Street Analysts Forecast Growth
A number of research firms recently weighed in on SFM. UBS Group boosted their price target on shares of Sprouts Farmers Market from $80.00 to $86.00 and gave the stock a “neutral” rating in a research report on Thursday, July 30th. JPMorgan Chase & Co. upgraded shares of Sprouts Farmers Market from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $80.00 to $103.00 in a report on Thursday, July 30th. Evercore reissued an “outperform” rating on shares of Sprouts Farmers Market in a research note on Monday, July 27th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $84.00 price target on shares of Sprouts Farmers Market in a report on Thursday, July 30th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Sprouts Farmers Market in a report on Wednesday, June 24th. Seven analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $91.58.
Insider Transactions at Sprouts Farmers Market
In related news, Director Joseph D. O’leary sold 2,597 shares of the business’s stock in a transaction on Friday, August 14th. The stock was sold at an average price of $82.57, for a total value of $214,434.29. Following the sale, the director owned 14,710 shares in the company, valued at approximately $1,214,604.70. The trade was a 15.01% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Nicholas Konat sold 12,538 shares of the stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of $87.90, for a total value of $1,102,090.20. Following the transaction, the chief operating officer directly owned 66,119 shares in the company, valued at approximately $5,811,860.10. The trade was a 15.94% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 58,289 shares of company stock worth $4,991,405 over the last ninety days. Company insiders own 1.30% of the company’s stock.
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.
Featured Articles
- Five stocks we like better than Sprouts Farmers Market
- From SaaS-pocalypse to Perfect Storm: Workday’s AI Growth Story Strengthens
- These 3 GARP Stocks Show Why Growth and Value Do Not Have to Clash
- Venture Into High-Volatility Corners of the Market With These 3 ETFs
- 3 Retail Stocks to Watch After a Big Consumer Earnings Week
Receive News & Ratings for Sprouts Farmers Market Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sprouts Farmers Market and related companies with MarketBeat.com's FREE daily email newsletter.
