Versor Investments LP Has $897,000 Stock Position in Sprouts Farmers Market, Inc. $SFM

Versor Investments LP trimmed its position in Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 48.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,242 shares of the company’s stock after selling 7,888 shares during the quarter. Versor Investments LP’s holdings in Sprouts Farmers Market were worth $897,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Arista Wealth Management LLC acquired a new position in shares of Sprouts Farmers Market in the 3rd quarter valued at $390,000. ProShare Advisors LLC lifted its holdings in Sprouts Farmers Market by 15.4% during the third quarter. ProShare Advisors LLC now owns 5,957 shares of the company’s stock worth $648,000 after acquiring an additional 794 shares in the last quarter. Meixler Investment Management Ltd. grew its stake in Sprouts Farmers Market by 166.4% in the third quarter. Meixler Investment Management Ltd. now owns 6,138 shares of the company’s stock valued at $668,000 after acquiring an additional 3,834 shares during the period. Smartleaf Asset Management LLC increased its holdings in shares of Sprouts Farmers Market by 98.6% in the third quarter. Smartleaf Asset Management LLC now owns 284 shares of the company’s stock worth $31,000 after acquiring an additional 141 shares in the last quarter. Finally, Alps Advisors Inc. raised its position in shares of Sprouts Farmers Market by 29.9% during the third quarter. Alps Advisors Inc. now owns 3,353 shares of the company’s stock worth $365,000 after purchasing an additional 772 shares during the period.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Barclays lowered their target price on Sprouts Farmers Market from $185.00 to $122.00 and set an “overweight” rating for the company in a research note on Thursday, October 30th. Wall Street Zen raised shares of Sprouts Farmers Market from a “hold” rating to a “buy” rating in a research report on Saturday. JPMorgan Chase & Co. dropped their price objective on shares of Sprouts Farmers Market from $124.00 to $91.00 and set a “neutral” rating on the stock in a report on Thursday, October 30th. Wells Fargo & Company reduced their target price on shares of Sprouts Farmers Market from $180.00 to $135.00 and set an “overweight” rating for the company in a research note on Thursday, October 30th. Finally, UBS Group set a $108.00 price target on Sprouts Farmers Market in a report on Thursday, October 30th. Nine equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat.com, Sprouts Farmers Market currently has an average rating of “Moderate Buy” and an average target price of $127.69.

Insider Activity at Sprouts Farmers Market

In other news, insider John Scott Neal sold 17,471 shares of the company’s stock in a transaction that occurred on Wednesday, December 3rd. The stock was sold at an average price of $85.20, for a total value of $1,488,529.20. Following the transaction, the insider owned 14,178 shares of the company’s stock, valued at approximately $1,207,965.60. This represents a 55.20% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CMO Alisa Gmelich sold 3,161 shares of the firm’s stock in a transaction on Friday, December 12th. The stock was sold at an average price of $79.39, for a total value of $250,951.79. Following the transaction, the chief marketing officer owned 5,552 shares in the company, valued at approximately $440,773.28. This trade represents a 36.28% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 1.10% of the company’s stock.

Sprouts Farmers Market Stock Performance

SFM opened at $65.56 on Wednesday. The company has a quick ratio of 0.53, a current ratio of 1.05 and a debt-to-equity ratio of 0.04. The stock has a market cap of $6.38 billion, a price-to-earnings ratio of 12.68, a PEG ratio of 0.66 and a beta of 0.75. Sprouts Farmers Market, Inc. has a 12-month low of $64.85 and a 12-month high of $182.00. The business has a 50 day moving average of $76.85 and a 200-day moving average of $102.53.

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.