Truist Financial Corp Has $795,000 Stock Position in Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Truist Financial Corp cut its stake in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFMGet Rating) by 28.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 28,634 shares of the company’s stock after selling 11,271 shares during the period. Truist Financial Corp’s holdings in Sprouts Farmers Market were worth $795,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in SFM. Raymond James Financial Services Advisors Inc. grew its stake in shares of Sprouts Farmers Market by 17.6% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 22,592 shares of the company’s stock worth $722,000 after purchasing an additional 3,389 shares during the period. Natixis Advisors L.P. bought a new position in Sprouts Farmers Market during the first quarter worth about $387,000. Rhumbline Advisers lifted its holdings in Sprouts Farmers Market by 1.6% during the first quarter. Rhumbline Advisers now owns 336,039 shares of the company’s stock worth $10,747,000 after acquiring an additional 5,334 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in Sprouts Farmers Market by 10.5% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 41,142 shares of the company’s stock worth $1,316,000 after acquiring an additional 3,923 shares in the last quarter. Finally, Great West Life Assurance Co. Can lifted its holdings in Sprouts Farmers Market by 26.1% during the first quarter. Great West Life Assurance Co. Can now owns 78,169 shares of the company’s stock worth $2,588,000 after acquiring an additional 16,200 shares in the last quarter. 99.11% of the stock is owned by institutional investors and hedge funds.

Sprouts Farmers Market Stock Up 3.6 %

NASDAQ SFM opened at $31.20 on Friday. The business has a fifty day moving average price of $32.88 and a two-hundred day moving average price of $30.04. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.28 and a quick ratio of 0.71. Sprouts Farmers Market, Inc. has a fifty-two week low of $22.56 and a fifty-two week high of $35.34. The stock has a market capitalization of $3.30 billion, a PE ratio of 13.62, a PEG ratio of 1.77 and a beta of 0.44.

Sprouts Farmers Market (NASDAQ:SFMGet Rating) last announced its quarterly earnings results on Tuesday, November 8th. The company reported $0.61 EPS for the quarter, beating analysts’ consensus estimates of $0.52 by $0.09. Sprouts Farmers Market had a return on equity of 25.06% and a net margin of 3.99%. The company had revenue of $1.59 billion during the quarter, compared to analysts’ expectations of $1.58 billion. Equities analysts expect that Sprouts Farmers Market, Inc. will post 2.34 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have recently commented on SFM. StockNews.com began coverage on Sprouts Farmers Market in a report on Wednesday, October 12th. They issued a “buy” rating on the stock. The Goldman Sachs Group upped their target price on Sprouts Farmers Market from $26.00 to $29.00 and gave the stock a “sell” rating in a report on Wednesday, November 30th. Deutsche Bank Aktiengesellschaft upped their target price on Sprouts Farmers Market from $34.00 to $38.00 in a report on Wednesday, November 9th. Credit Suisse Group reiterated a “neutral” rating and set a $35.00 target price on shares of Sprouts Farmers Market in a report on Tuesday, December 20th. Finally, Northcoast Research lowered Sprouts Farmers Market from a “buy” rating to a “neutral” rating in a report on Thursday, November 17th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $31.57.

Insider Activity at Sprouts Farmers Market

In related news, CEO Jack Sinclair sold 85,953 shares of the stock in a transaction on Monday, December 5th. The stock was sold at an average price of $33.77, for a total value of $2,902,632.81. Following the completion of the sale, the chief executive officer now directly owns 207,638 shares in the company, valued at $7,011,935.26. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Sprouts Farmers Market news, CEO Jack Sinclair sold 85,953 shares of the stock in a transaction dated Monday, December 5th. The stock was sold at an average price of $33.77, for a total transaction of $2,902,632.81. Following the completion of the sale, the chief executive officer now directly owns 207,638 shares in the company, valued at approximately $7,011,935.26. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Stacy W. Hilgendorf sold 9,440 shares of the stock in a transaction dated Wednesday, November 9th. The stock was sold at an average price of $32.00, for a total value of $302,080.00. Following the sale, the vice president now owns 10,902 shares of the company’s stock, valued at $348,864. The disclosure for this sale can be found here. Insiders sold 120,688 shares of company stock worth $4,049,303 over the last three months. Company insiders own 0.71% of the company’s stock.

Sprouts Farmers Market Company Profile

(Get Rating)

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.

Featured Stories

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

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.