Jefferies Financial Group Inc. cut its holdings in Sprouts Farmers Market, Inc. (NASDAQ:SFM – Free Report) by 86.8% during the fourth quarter, Holdings Channel.com reports. The fund owned 9,175 shares of the company’s stock after selling 60,595 shares during the period. Jefferies Financial Group Inc.’s holdings in Sprouts Farmers Market were worth $731,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. MML Investors Services LLC boosted its position in shares of Sprouts Farmers Market by 0.6% during the second quarter. MML Investors Services LLC now owns 20,287 shares of the company’s stock worth $3,340,000 after purchasing an additional 124 shares in the last quarter. Advisory Services Network LLC boosted its position in shares of Sprouts Farmers Market by 1.0% during the second quarter. Advisory Services Network LLC now owns 13,486 shares of the company’s stock worth $2,044,000 after purchasing an additional 139 shares in the last quarter. Smartleaf Asset Management LLC boosted its position 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 worth $31,000 after purchasing an additional 141 shares in the last quarter. Affinity Investment Advisors LLC boosted its position in shares of Sprouts Farmers Market by 8.0% during the third quarter. Affinity Investment Advisors LLC now owns 2,157 shares of the company’s stock worth $235,000 after purchasing an additional 160 shares in the last quarter. Finally, NorthCrest Asset Manangement LLC boosted its position in shares of Sprouts Farmers Market by 1.8% during the fourth quarter. NorthCrest Asset Manangement LLC now owns 8,943 shares of the company’s stock worth $715,000 after purchasing an additional 162 shares in the last quarter.
Sprouts Farmers Market Trading Down 4.7%
Shares of NASDAQ:SFM opened at $82.62 on Friday. Sprouts Farmers Market, Inc. has a 12 month low of $64.75 and a 12 month high of $182.00. The company has a quick ratio of 0.42, a current ratio of 0.92 and a debt-to-equity ratio of 0.07. The company’s fifty day simple moving average is $79.56 and its 200 day simple moving average is $77.94. The firm has a market cap of $7.77 billion, a price-to-earnings ratio of 15.89, a PEG ratio of 1.83 and a beta of 0.68.
Insider Buying and Selling at Sprouts Farmers Market
In related news, insider Joseph L. Hurley sold 323 shares of the firm’s stock in a transaction on Friday, March 20th. The shares were sold at an average price of $83.97, for a total transaction of $27,122.31. Following the sale, the insider directly owned 28,282 shares in the company, valued at $2,374,839.54. This trade represents a 1.13% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Brandon F. Lombardi sold 406 shares of the firm’s stock in a transaction on Friday, May 1st. The stock was sold at an average price of $82.04, for a total transaction of $33,308.24. Following the sale, the insider owned 6,801 shares in the company, valued at approximately $557,954.04. The trade was a 5.63% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 130,156 shares of company stock valued at $10,600,146 over the last quarter. 1.30% of the stock is currently owned by corporate insiders.
Wall Street Analyst Weigh In
A number of brokerages have recently weighed in on SFM. Barclays reduced their price target on shares of Sprouts Farmers Market from $122.00 to $100.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 18th. Roth Mkm reissued a “neutral” rating and set a $74.00 price target on shares of Sprouts Farmers Market in a research report on Friday, February 20th. UBS Group reduced their price target on shares of Sprouts Farmers Market from $108.00 to $75.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 18th. Wells Fargo & Company reduced their price target on shares of Sprouts Farmers Market from $110.00 to $100.00 and set an “overweight” rating on the stock in a research report on Friday, February 20th. Finally, Evercore reissued an “outperform” rating on shares of Sprouts Farmers Market in a research report on Thursday, April 30th. Seven research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Sprouts Farmers Market presently has a consensus rating of “Hold” and an average target price of $96.08.
View Our Latest Research Report on SFM
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.
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Want to see what other hedge funds are holding SFM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sprouts Farmers Market, Inc. (NASDAQ:SFM – Free Report).
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