Sprouts Farmers Market, Inc. (NASDAQ:SFM) VP Sells $302,080.00 in Stock

Sprouts Farmers Market, Inc. (NASDAQ:SFMGet Rating) VP Stacy W. Hilgendorf sold 9,440 shares of the stock in a transaction dated Wednesday, November 9th. The stock was sold at an average price of $32.00, for a total value of $302,080.00. Following the sale, the vice president now owns 10,902 shares of the company’s stock, valued at $348,864. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Sprouts Farmers Market Stock Down 1.3 %

SFM opened at $33.10 on Friday. The company has a fifty day moving average price of $28.45 and a 200-day moving average price of $27.62. The firm has a market capitalization of $3.50 billion, a P/E ratio of 14.45, a price-to-earnings-growth ratio of 1.86 and a beta of 0.42. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.25 and a quick ratio of 0.68. Sprouts Farmers Market, Inc. has a one year low of $22.56 and a one year high of $35.34.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on SFM. Deutsche Bank Aktiengesellschaft increased their price target on Sprouts Farmers Market from $34.00 to $38.00 in a report on Wednesday. MKM Partners downgraded Sprouts Farmers Market from a “buy” rating to a “neutral” rating and set a $38.00 target price for the company. in a research note on Friday. The Goldman Sachs Group raised their price target on shares of Sprouts Farmers Market from $23.00 to $26.00 and gave the company a “sell” rating in a research report on Wednesday. StockNews.com began coverage on shares of Sprouts Farmers Market in a research report on Wednesday, October 12th. They issued a “buy” rating on the stock. Finally, Credit Suisse Group lifted their target price on shares of Sprouts Farmers Market from $27.00 to $30.00 and gave the stock a “neutral” rating in a research report on Thursday. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $30.43.

Institutional Trading of Sprouts Farmers Market

A number of hedge funds have recently made changes to their positions in SFM. FMR LLC lifted its holdings in shares of Sprouts Farmers Market by 46.3% during the 2nd quarter. FMR LLC now owns 9,631,930 shares of the company’s stock worth $243,881,000 after acquiring an additional 3,048,706 shares during the last quarter. PGGM Investments bought a new stake in Sprouts Farmers Market in the third quarter worth $62,932,000. Wasatch Advisors Inc. bought a new stake in Sprouts Farmers Market in the first quarter worth $54,912,000. Millennium Management LLC lifted its stake in Sprouts Farmers Market by 366.1% in the second quarter. Millennium Management LLC now owns 731,309 shares of the company’s stock worth $18,517,000 after purchasing an additional 574,423 shares during the last quarter. Finally, Credit Suisse AG lifted its stake in Sprouts Farmers Market by 103.2% in the third quarter. Credit Suisse AG now owns 671,226 shares of the company’s stock worth $18,627,000 after purchasing an additional 340,844 shares during the last quarter. 98.92% of the stock is owned by institutional investors.

About Sprouts Farmers Market

(Get Rating)

Sprouts Farmers Market, Inc offers fresh, natural, and organic food products in the United States. The company offers perishable product categories, including fresh produce, meat, 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.

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