McBroom & Associates LLC trimmed its holdings in Sprouts Farmers Market, Inc. (NASDAQ:SFM – Free Report) by 31.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,967 shares of the company’s stock after selling 9,889 shares during the quarter. Sprouts Farmers Market comprises about 0.9% of McBroom & Associates LLC’s investment portfolio, making the stock its 24th biggest holding. McBroom & Associates LLC’s holdings in Sprouts Farmers Market were worth $1,750,000 at the end of the most recent quarter.
A number of other large investors also recently bought and sold shares of SFM. Root Financial Partners LLC bought a new stake in Sprouts Farmers Market during the third quarter worth about $26,000. Newbridge Financial Services Group Inc. bought a new position in shares of Sprouts Farmers Market during the second quarter valued at approximately $29,000. Smartleaf Asset Management LLC increased its stake in shares of Sprouts Farmers Market by 98.6% during the third quarter. Smartleaf Asset Management LLC now owns 284 shares of the company’s stock valued at $31,000 after purchasing an additional 141 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of Sprouts Farmers Market during the third quarter valued at approximately $33,000. Finally, FWL Investment Management LLC boosted its position in shares of Sprouts Farmers Market by 72.5% in the 3rd quarter. FWL Investment Management LLC now owns 426 shares of the company’s stock worth $46,000 after purchasing an additional 179 shares in the last quarter.
Sprouts Farmers Market Stock Performance
NASDAQ:SFM opened at $77.54 on Friday. The stock has a market cap of $7.33 billion, a price-to-earnings ratio of 14.63, a PEG ratio of 1.67 and a beta of 0.67. The company has a quick ratio of 0.44, a current ratio of 0.93 and a debt-to-equity ratio of 0.06. The company’s 50 day moving average price is $73.94 and its 200-day moving average price is $84.44. Sprouts Farmers Market, Inc. has a 52 week low of $64.75 and a 52 week high of $182.00.
Wall Street Analysts Forecast Growth
Several analysts recently weighed in on SFM shares. The Goldman Sachs Group set a $111.00 price target on Sprouts Farmers Market in a research note on Friday, February 20th. Wells Fargo & Company dropped their target price on Sprouts Farmers Market from $110.00 to $100.00 and set an “overweight” rating on the stock in a report on Friday, February 20th. Wall Street Zen cut Sprouts Farmers Market from a “buy” rating to a “hold” rating in a research note on Saturday, February 21st. BMO Capital Markets reissued a “market perform” rating and issued a $70.00 target price on shares of Sprouts Farmers Market in a research note on Friday, February 20th. Finally, Evercore upgraded Sprouts Farmers Market to a “strong-buy” rating in a report on Friday, February 20th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $101.75.
View Our Latest Stock Report on SFM
Insiders Place Their Bets
In related news, COO Nicholas Konat sold 530 shares of the stock in a transaction on Friday, March 20th. The stock was sold at an average price of $83.97, for a total transaction of $44,504.10. Following the sale, the chief operating officer directly owned 78,657 shares of the company’s stock, valued at $6,604,828.29. This trade represents a 0.67% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Joseph L. Hurley sold 323 shares of Sprouts Farmers Market stock in a transaction dated Friday, March 20th. The stock was sold at an average price of $83.97, for a total value of $27,122.31. Following the completion of the sale, the insider owned 28,282 shares of the company’s stock, valued at $2,374,839.54. The trade was a 1.13% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 129,750 shares of company stock worth $10,566,838. 1.10% of the stock is owned by corporate insiders.
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.
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