Sprouts Farmers Market Inc (NASDAQ:SFM) saw a significant decline in short interest in January. As of January 31st, there was short interest totalling 13,175,381 shares, a decline of 12.5% from the January 12th total of 15,055,970 shares. Based on an average daily volume of 1,904,728 shares, the days-to-cover ratio is currently 6.9 days. Currently, 10.6% of the shares of the stock are sold short.

Shares of Sprouts Farmers Market (NASDAQ:SFM) opened at $26.35 on Friday. The firm has a market capitalization of $3,510.00, a P/E ratio of 27.16, a PEG ratio of 1.92 and a beta of 0.80. Sprouts Farmers Market has a 52 week low of $17.38 and a 52 week high of $28.29. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.23 and a current ratio of 1.00.

In other Sprouts Farmers Market news, COO James Leroy Nielsen sold 110,000 shares of the company’s stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $23.17, for a total value of $2,548,700.00. Following the completion of the sale, the chief operating officer now owns 207,108 shares of the company’s stock, valued at $4,798,692.36. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Amin N. Maredia sold 12,301 shares of the company’s stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $24.33, for a total value of $299,283.33. The disclosure for this sale can be found here. Insiders have sold 1,651,481 shares of company stock valued at $42,706,303 in the last three months. 2.60% of the stock is owned by insiders.

Large investors have recently added to or reduced their stakes in the company. UBS Asset Management Americas Inc. raised its holdings in shares of Sprouts Farmers Market by 16.3% during the second quarter. UBS Asset Management Americas Inc. now owns 126,516 shares of the company’s stock valued at $2,868,000 after acquiring an additional 17,687 shares in the last quarter. GSA Capital Partners LLP bought a new position in shares of Sprouts Farmers Market during the second quarter valued at approximately $369,000. Northern Trust Corp raised its holdings in shares of Sprouts Farmers Market by 1.2% during the second quarter. Northern Trust Corp now owns 1,127,869 shares of the company’s stock valued at $25,568,000 after acquiring an additional 13,641 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Sprouts Farmers Market by 1.0% during the second quarter. Vanguard Group Inc. now owns 10,568,169 shares of the company’s stock valued at $239,580,000 after acquiring an additional 104,072 shares in the last quarter. Finally, Parametric Portfolio Associates LLC raised its holdings in shares of Sprouts Farmers Market by 8.5% during the second quarter. Parametric Portfolio Associates LLC now owns 149,820 shares of the company’s stock valued at $3,396,000 after acquiring an additional 11,705 shares in the last quarter. 89.98% of the stock is owned by hedge funds and other institutional investors.

Several brokerages have issued reports on SFM. Susquehanna Bancshares set a $30.00 target price on Sprouts Farmers Market and gave the stock a “buy” rating in a research note on Thursday, January 11th. Oppenheimer upped their target price on Sprouts Farmers Market from $28.00 to $31.00 and gave the stock an “outperform” rating in a research note on Tuesday. Gordon Haskett raised Sprouts Farmers Market from an “accumulate” rating to a “buy” rating and set a $27.00 target price for the company in a research note on Wednesday, January 31st. Royal Bank of Canada reaffirmed a “buy” rating and issued a $32.00 target price on shares of Sprouts Farmers Market in a research note on Friday, February 2nd. Finally, BMO Capital Markets reaffirmed a “hold” rating and issued a $32.00 target price on shares of Sprouts Farmers Market in a research note on Wednesday, January 24th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $25.94.

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About Sprouts Farmers Market

Sprouts Farmers Market, Inc is a food retailer. The Company operates as a grocery store that offers fresh, natural and organic food that includes fresh produce, bulk foods, vitamins and supplements, packaged groceries, meat and seafood, deli, baked goods, dairy products, frozen foods, body care and natural household items catering to consumers’ interest in health and wellness.

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