Baader Bank Aktiengesellschaft Has $747,000 Position in Sprouts Farmers Market, Inc. $SFM

Baader Bank Aktiengesellschaft lessened its holdings in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 57.3% in the third quarter, according to its most recent filing with the SEC. The firm owned 6,909 shares of the company’s stock after selling 9,269 shares during the period. Baader Bank Aktiengesellschaft’s holdings in Sprouts Farmers Market were worth $747,000 as of its most recent filing with the SEC.

A number of other large investors also recently made changes to their positions in SFM. Newbridge Financial Services Group Inc. acquired a new stake in shares of Sprouts Farmers Market during the second quarter worth $29,000. Root Financial Partners LLC acquired a new position in shares of Sprouts Farmers Market during the 3rd quarter worth about $26,000. Smartleaf Asset Management LLC increased its stake in shares of Sprouts Farmers Market by 98.6% in the 3rd quarter. Smartleaf Asset Management LLC now owns 284 shares of the company’s stock valued at $31,000 after acquiring an additional 141 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of Sprouts Farmers Market in the 3rd quarter valued at approximately $33,000. Finally, Cullen Frost Bankers Inc. boosted its stake in Sprouts Farmers Market by 60.5% during the 2nd quarter. Cullen Frost Bankers Inc. now owns 419 shares of the company’s stock worth $69,000 after acquiring an additional 158 shares during the last quarter.

Wall Street Analyst Weigh In

Several equities research analysts have commented on SFM shares. Deutsche Bank Aktiengesellschaft downgraded shares of Sprouts Farmers Market from a “buy” rating to a “hold” rating and set a $88.00 target price for the company. in a research note on Thursday, January 8th. Evercore lowered their price objective on shares of Sprouts Farmers Market from $175.00 to $130.00 and set an “outperform” rating for the company in a research report on Monday, October 27th. The Goldman Sachs Group dropped their price objective on Sprouts Farmers Market from $152.00 to $130.00 and set a “buy” rating on the stock in a research note on Wednesday, February 4th. Zacks Research raised Sprouts Farmers Market from a “strong sell” rating to a “hold” rating in a research note on Monday, January 12th. Finally, JPMorgan Chase & Co. dropped their price target on Sprouts Farmers Market from $124.00 to $91.00 and set a “neutral” rating on the stock in a research report on Thursday, October 30th. Nine equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $127.69.

Sprouts Farmers Market Price Performance

NASDAQ SFM opened at $65.67 on Thursday. The company has a quick ratio of 0.53, a current ratio of 1.05 and a debt-to-equity ratio of 0.04. Sprouts Farmers Market, Inc. has a 12-month low of $64.75 and a 12-month high of $182.00. The firm’s 50 day moving average is $76.46 and its 200-day moving average is $102.27. The company has a market capitalization of $6.39 billion, a PE ratio of 12.70, a price-to-earnings-growth ratio of 0.65 and a beta of 0.75.

Insider Buying and Selling

In related news, 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 value of $1,488,529.20. Following the completion of the sale, the insider directly owned 14,178 shares in the company, valued at approximately $1,207,965.60. This trade represents a 55.20% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CMO Alisa Gmelich sold 3,161 shares of Sprouts Farmers Market stock in a transaction that occurred 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 of the company’s stock, valued at $440,773.28. This represents a 36.28% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 1.10% of the company’s stock.

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.