Sprouts Farmers Market, Inc. (NASDAQ:SFM) Shares Sold by Handelsbanken Fonder AB

Handelsbanken Fonder AB cut its stake in Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 33.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 449,800 shares of the company’s stock after selling 229,000 shares during the quarter. Handelsbanken Fonder AB owned approximately 0.45% of Sprouts Farmers Market worth $57,156,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of SFM. Wesbanco Bank Inc. increased its stake in shares of Sprouts Farmers Market by 0.3% in the 4th quarter. Wesbanco Bank Inc. now owns 28,659 shares of the company’s stock valued at $3,642,000 after purchasing an additional 77 shares in the last quarter. Greenleaf Trust grew its holdings in Sprouts Farmers Market by 1.2% in the fourth quarter. Greenleaf Trust now owns 6,715 shares of the company’s stock valued at $853,000 after purchasing an additional 80 shares during the period. Foundations Investment Advisors LLC increased its position in shares of Sprouts Farmers Market by 1.4% in the fourth quarter. Foundations Investment Advisors LLC now owns 6,649 shares of the company’s stock valued at $845,000 after buying an additional 90 shares in the last quarter. Ballentine Partners LLC raised its stake in shares of Sprouts Farmers Market by 2.6% during the 4th quarter. Ballentine Partners LLC now owns 3,849 shares of the company’s stock worth $489,000 after buying an additional 96 shares during the period. Finally, CIBC Asset Management Inc lifted its position in shares of Sprouts Farmers Market by 3.6% during the 3rd quarter. CIBC Asset Management Inc now owns 2,917 shares of the company’s stock valued at $322,000 after buying an additional 101 shares in the last quarter.

Sprouts Farmers Market Trading Up 2.6 %

Shares of SFM stock opened at $175.97 on Thursday. The company has a current ratio of 1.13, a quick ratio of 0.59 and a debt-to-equity ratio of 0.01. Sprouts Farmers Market, Inc. has a twelve month low of $52.24 and a twelve month high of $178.99. The company’s 50-day moving average price is $147.79 and its 200-day moving average price is $128.99. The stock has a market cap of $17.60 billion, a price-to-earnings ratio of 50.86, a PEG ratio of 2.08 and a beta of 0.63.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. The Goldman Sachs Group boosted their price target on shares of Sprouts Farmers Market from $127.00 to $159.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Wells Fargo & Company upped their price target on shares of Sprouts Farmers Market from $130.00 to $140.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 30th. UBS Group lifted their price objective on Sprouts Farmers Market from $132.00 to $195.00 and gave the stock a “neutral” rating in a report on Wednesday. Bank of America increased their target price on Sprouts Farmers Market from $165.00 to $185.00 and gave the company a “buy” rating in a report on Tuesday, February 11th. Finally, StockNews.com raised Sprouts Farmers Market from a “hold” rating to a “buy” rating in a research note on Wednesday, January 15th. Eight investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, Sprouts Farmers Market has an average rating of “Hold” and a consensus price target of $134.50.

Insider Buying and Selling at Sprouts Farmers Market

In other Sprouts Farmers Market news, CEO Jack Sinclair sold 2,915 shares of Sprouts Farmers Market stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $167.54, for a total value of $488,379.10. Following the sale, the chief executive officer now owns 143,669 shares in the company, valued at $24,070,304.26. The trade was a 1.99 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Douglas Gregory Rauch sold 700 shares of the stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $148.89, for a total value of $104,223.00. Following the transaction, the director now owns 10,874 shares of the company’s stock, valued at approximately $1,619,029.86. This represents a 6.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 42,614 shares of company stock worth $6,323,731 in the last ninety days. 1.10% of the stock is owned by insiders.

Sprouts Farmers Market Profile

Sprouts Farmers Market, Inc, together with its subsidiaries, engages in the retailing of fresh, natural, and organic food products under the Sprouts brand in the United States. It offers perishable product categories, including fresh produce, meat and meat alternatives, seafood, deli, bakery, floral, and dairy and dairy alternatives; and non-perishable product categories, such as grocery, vitamins and supplements, bulk items, frozen foods, beer and wine, and natural health and body care.