Swiss National Bank Sells 4,200 Shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Swiss National Bank lowered its stake in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFMGet Rating) by 1.6% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 261,150 shares of the company’s stock after selling 4,200 shares during the quarter. Swiss National Bank owned 0.24% of Sprouts Farmers Market worth $6,612,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Ellevest Inc. increased its position in shares of Sprouts Farmers Market by 103.6% during the 2nd quarter. Ellevest Inc. now owns 1,234 shares of the company’s stock valued at $31,000 after purchasing an additional 628 shares during the last quarter. Canada Pension Plan Investment Board purchased a new position in Sprouts Farmers Market during the 1st quarter valued at $35,000. CWM LLC boosted its holdings in Sprouts Farmers Market by 59.2% during the 2nd quarter. CWM LLC now owns 1,840 shares of the company’s stock valued at $47,000 after acquiring an additional 684 shares during the period. Quent Capital LLC boosted its holdings in Sprouts Farmers Market by 112.6% during the 1st quarter. Quent Capital LLC now owns 2,109 shares of the company’s stock valued at $67,000 after acquiring an additional 1,117 shares during the period. Finally, EverSource Wealth Advisors LLC purchased a new position in Sprouts Farmers Market during the 2nd quarter valued at $83,000. Institutional investors own 98.92% of the company’s stock.

Insider Transactions at Sprouts Farmers Market

In other news, insider Brandon F. Lombardi sold 5,000 shares of the business’s stock in a transaction on Wednesday, November 16th. The stock was sold at an average price of $34.09, for a total value of $170,450.00. Following the completion of the transaction, the insider now directly owns 28,150 shares of the company’s stock, valued at approximately $959,633.50. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, insider Brandon F. Lombardi sold 5,000 shares of the business’s stock in a transaction on Wednesday, November 16th. The stock was sold at an average price of $34.09, for a total value of $170,450.00. Following the completion of the transaction, the insider now directly owns 28,150 shares of the company’s stock, valued at approximately $959,633.50. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Brandon F. Lombardi sold 7,683 shares of the business’s stock in a transaction on Wednesday, November 9th. The stock was sold at an average price of $32.49, for a total value of $249,620.67. Following the completion of the transaction, the insider now directly owns 45,762 shares of the company’s stock, valued at $1,486,807.38. The disclosure for this sale can be found here. In the last three months, insiders sold 34,735 shares of company stock valued at $1,146,671. Corporate insiders own 0.71% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. Credit Suisse Group boosted their price objective on Sprouts Farmers Market from $27.00 to $30.00 and gave the company a “neutral” rating in a report on Thursday, November 10th. The Goldman Sachs Group boosted their price objective on Sprouts Farmers Market from $23.00 to $26.00 and gave the company a “sell” rating in a report on Wednesday, November 9th. StockNews.com assumed coverage on Sprouts Farmers Market in a report on Wednesday, October 12th. They issued a “buy” rating for the company. MKM Partners cut Sprouts Farmers Market from a “buy” rating to a “neutral” rating and set a $38.00 target price for the company. in a report on Friday, November 11th. Finally, Deutsche Bank Aktiengesellschaft upped their target price on Sprouts Farmers Market from $34.00 to $38.00 in a report on Wednesday, November 9th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $30.43.

Sprouts Farmers Market Price Performance

Shares of SFM stock opened at $32.78 on Thursday. The stock has a market capitalization of $3.47 billion, a price-to-earnings ratio of 14.31, a P/E/G ratio of 1.33 and a beta of 0.42. The company has a current ratio of 1.28, a quick ratio of 0.71 and a debt-to-equity ratio of 0.25. Sprouts Farmers Market, Inc. has a twelve month low of $22.56 and a twelve month high of $35.34. The stock has a fifty day simple moving average of $29.04 and a two-hundred day simple moving average of $27.87.

Sprouts Farmers Market Company Profile

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Sprouts Farmers Market, Inc offers fresh, natural, and organic food products in the United States. The company offers perishable product categories, including fresh produce, meat, seafood, deli, bakery, floral and dairy, and dairy alternatives; and non-perishable product categories, such as grocery, vitamins and supplements, bulk items, frozen foods, beer and wine, and natural health and body care.

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Institutional Ownership by Quarter for Sprouts Farmers Market (NASDAQ:SFM)

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