Swiss National Bank Lowers Holdings in Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Swiss National Bank decreased its stake in Sprouts Farmers Market, Inc. (NASDAQ:SFMGet Rating) by 1.6% during the second quarter, Holdings Channel reports. The institutional investor owned 261,150 shares of the company’s stock after selling 4,200 shares during the quarter. Swiss National Bank’s holdings in Sprouts Farmers Market were worth $6,612,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Ellevest Inc. boosted its stake in shares of Sprouts Farmers Market by 103.6% in the second quarter. Ellevest Inc. now owns 1,234 shares of the company’s stock worth $31,000 after buying an additional 628 shares during the last quarter. Canada Pension Plan Investment Board purchased a new position in Sprouts Farmers Market during the first quarter worth approximately $35,000. CWM LLC boosted its position in Sprouts Farmers Market by 59.2% during the second quarter. CWM LLC now owns 1,840 shares of the company’s stock worth $47,000 after purchasing an additional 684 shares in the last quarter. Quent Capital LLC boosted its position in Sprouts Farmers Market by 112.6% during the first quarter. Quent Capital LLC now owns 2,109 shares of the company’s stock worth $67,000 after purchasing an additional 1,117 shares in the last quarter. Finally, EverSource Wealth Advisors LLC purchased a new position in Sprouts Farmers Market during the second quarter worth approximately $83,000. Hedge funds and other institutional investors own 98.92% of the company’s stock.

Insider Activity

In related news, insider Brandon F. Lombardi sold 5,000 shares of the stock in a transaction that occurred on Wednesday, November 16th. The stock was sold at an average price of $34.09, for a total value of $170,450.00. Following the completion of the sale, the insider now owns 28,150 shares of the company’s stock, valued at $959,633.50. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, insider Brandon F. Lombardi sold 7,683 shares of the stock in a transaction that occurred on Wednesday, November 9th. The stock was sold at an average price of $32.49, for a total value of $249,620.67. Following the completion of the sale, the insider now owns 45,762 shares of the company’s stock, valued at $1,486,807.38. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Brandon F. Lombardi sold 5,000 shares of the stock in a transaction that occurred on Wednesday, November 16th. The shares were sold at an average price of $34.09, for a total value of $170,450.00. Following the completion of the sale, the insider now directly owns 28,150 shares of the company’s stock, valued at approximately $959,633.50. The disclosure for this sale can be found here. Insiders have sold a total of 34,735 shares of company stock worth $1,146,671 over the last quarter. 0.71% of the stock is currently owned by corporate insiders.

Sprouts Farmers Market Stock Performance

NASDAQ SFM opened at $32.78 on Thursday. The company has a market cap of $3.47 billion, a PE ratio of 14.31, a price-to-earnings-growth ratio of 1.33 and a beta of 0.42. The stock’s 50 day simple moving average is $29.04 and its 200-day simple moving average is $27.87. Sprouts Farmers Market, Inc. has a 1-year low of $22.56 and a 1-year high of $35.34. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.28 and a quick ratio of 0.71.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on SFM. MKM Partners downgraded Sprouts Farmers Market from a “buy” rating to a “neutral” rating and set a $38.00 price target on the stock. in a research report on Friday, November 11th. The Goldman Sachs Group increased their price target on Sprouts Farmers Market from $23.00 to $26.00 and gave the stock a “sell” rating in a research report on Wednesday, November 9th. Deutsche Bank Aktiengesellschaft increased their price target on Sprouts Farmers Market from $34.00 to $38.00 in a research report on Wednesday, November 9th. Credit Suisse Group increased their price target on Sprouts Farmers Market from $27.00 to $30.00 and gave the stock a “neutral” rating in a research report on Thursday, November 10th. Finally, StockNews.com began coverage on Sprouts Farmers Market in a research report on Wednesday, October 12th. They issued a “buy” rating on the stock. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $30.43.

About Sprouts Farmers Market

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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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Institutional Ownership by Quarter for Sprouts Farmers Market (NASDAQ:SFM)

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