Candriam S.C.A. Reduces Stock Position in Sprouts Farmers Market, Inc. $SFM

Candriam S.C.A. cut its holdings in Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 33.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,848 shares of the company’s stock after selling 10,758 shares during the period. Candriam S.C.A.’s holdings in Sprouts Farmers Market were worth $2,377,000 as of its most recent SEC filing.

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

Sprouts Farmers Market Trading Up 3.0%

Shares of SFM stock opened at $67.63 on Friday. The stock has a market cap of $6.59 billion, a P/E ratio of 13.08, a P/E/G ratio of 0.66 and a beta of 0.75. 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 fifty-two week low of $64.75 and a fifty-two week high of $182.00. The business has a fifty day simple moving average of $76.10 and a 200-day simple moving average of $102.03.

Insider Transactions at Sprouts Farmers Market

In other Sprouts Farmers Market news, CMO Alisa Gmelich sold 3,161 shares of Sprouts Farmers Market stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $79.39, for a total transaction of $250,951.79. Following the completion of the transaction, the chief marketing officer owned 5,552 shares in the company, valued at approximately $440,773.28. The trade was a 36.28% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider John Scott Neal sold 17,471 shares of the stock in a transaction that occurred on Wednesday, December 3rd. The shares were sold at an average price of $85.20, for a total transaction of $1,488,529.20. Following the completion of the sale, the insider owned 14,178 shares in the company, valued at $1,207,965.60. This represents a 55.20% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 1.10% of the company’s stock.

Analyst Upgrades and Downgrades

SFM has been the topic of several research analyst reports. Wells Fargo & Company cut their price target on shares of Sprouts Farmers Market from $135.00 to $110.00 and set an “overweight” rating on the stock in a research note on Thursday. Deutsche Bank Aktiengesellschaft cut Sprouts Farmers Market from a “buy” rating to a “hold” rating and set a $88.00 target price on the stock. in a research report on Thursday, January 8th. Weiss Ratings restated a “hold (c)” rating on shares of Sprouts Farmers Market in a research note on Monday, December 29th. Zacks Research raised Sprouts Farmers Market from a “strong sell” rating to a “hold” rating in a research report on Monday, January 12th. Finally, The Goldman Sachs Group decreased their price objective on Sprouts Farmers Market from $152.00 to $130.00 and set a “buy” rating for the company in a report on Wednesday, February 4th. Nine investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $125.77.

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.