Robeco Institutional Asset Management B.V. grew its holdings in Sprouts Farmers Market, Inc. (NASDAQ:SFM – Free Report) by 9.3% in the third quarter, Holdings Channel.com reports. The institutional investor owned 237,831 shares of the company’s stock after buying an additional 20,190 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Sprouts Farmers Market were worth $15,780,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently modified their holdings of SFM. Rare Wolf Capital LLC lifted its stake in Sprouts Farmers Market by 75.9% in the 3rd quarter. Rare Wolf Capital LLC now owns 18,233 shares of the company’s stock worth $1,210,000 after purchasing an additional 7,869 shares in the last quarter. South Shore Capital Advisors purchased a new stake in shares of Sprouts Farmers Market in the third quarter valued at approximately $689,000. Reinhart Partners LLC. grew its position in shares of Sprouts Farmers Market by 33.1% in the third quarter. Reinhart Partners LLC. now owns 82,839 shares of the company’s stock valued at $5,496,000 after purchasing an additional 20,581 shares in the last quarter. Legacy Wealth Asset Management LLC grew its position in shares of Sprouts Farmers Market by 66.8% in the third quarter. Legacy Wealth Asset Management LLC now owns 9,305 shares of the company’s stock valued at $617,000 after purchasing an additional 3,727 shares in the last quarter. Finally, Gradient Investments LLC acquired a new stake in shares of Sprouts Farmers Market in the third quarter valued at approximately $818,000.
Sprouts Farmers Market Stock Down 3.8%
SFM stock opened at $66.26 on Friday. The firm has a market cap of $6.18 billion, a PE ratio of 12.69, a PEG ratio of 1.75 and a beta of 0.67. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.43 and a current ratio of 0.99. The firm’s 50 day moving average price is $71.85 and its 200-day moving average price is $77.96. Sprouts Farmers Market, Inc. has a one year low of $61.88 and a one year high of $109.24.
Analyst Upgrades and Downgrades
A number of equities analysts recently commented on SFM shares. The Goldman Sachs Group set a $94.00 price objective on Sprouts Farmers Market in a research report on Monday. Evercore reissued an “outperform” rating and set a $95.00 price objective on shares of Sprouts Farmers Market in a research note on Tuesday, September 1st. Roth Capital set a $82.00 target price on Sprouts Farmers Market in a report on Friday, July 31st. UBS Group reaffirmed a “neutral” rating on shares of Sprouts Farmers Market in a research note on Wednesday, September 23rd. Finally, Deutsche Bank Aktiengesellschaft cut their target price on Sprouts Farmers Market from $84.00 to $77.00 and set a “hold” rating for the company in a research note on Friday, September 25th. Seven analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Sprouts Farmers Market currently has an average rating of “Hold” and a consensus target price of $88.92.
Read Our Latest Stock Report on SFM
Insiders Place Their Bets
In other news, CEO Jack Sinclair sold 10,788 shares of the company’s stock in a transaction on Monday, October 5th. The stock was sold at an average price of $64.48, for a total value of $695,610.24. Following the transaction, the chief executive officer owned 269,980 shares of the company’s stock, valued at $17,408,310.40. This represents a 3.84% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Joseph O’Leary sold 2,597 shares of the stock in a transaction on Friday, August 14th. The stock was sold at an average price of $82.57, for a total value of $214,434.29. Following the transaction, the director owned 14,710 shares of the company’s stock, valued at approximately $1,214,604.70. This represents a 15.01% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 46,041 shares of company stock worth $3,460,383 in the last 90 days. Company insiders own 1.30% of the company’s stock.
Sprouts Farmers Market Profile
Sprouts Farmers Market, Inc (NASDAQ:SFM) is a specialty grocery retailer focused on fresh, natural and organic foods. Its stores offer a broad selection of fresh produce, meat and seafood, dairy products, bulk foods, vitamins and supplements, pantry staples, bakery items, deli products and prepared foods. The company emphasizes products that support healthy eating, including organic, plant-based and specialty-diet options.
Founded in 2002, Sprouts Farmers Market grew from its first store in Chandler, Arizona, into a national grocery chain.
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