Principal Financial Group Inc. Sells 9,812 Shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Principal Financial Group Inc. reduced its position in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFMGet Rating) by 1.8% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 530,583 shares of the company’s stock after selling 9,812 shares during the quarter. Principal Financial Group Inc.’s holdings in Sprouts Farmers Market were worth $13,434,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Canada Pension Plan Investment Board bought a new stake in shares of Sprouts Farmers Market in the first quarter worth approximately $35,000. Ellevest Inc. grew 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 acquiring an additional 628 shares during the period. CWM LLC grew its stake in shares of Sprouts Farmers Market by 59.2% in the second quarter. CWM LLC now owns 1,840 shares of the company’s stock worth $47,000 after acquiring an additional 684 shares during the period. Quent Capital LLC grew its stake in shares of Sprouts Farmers Market by 112.6% in the first quarter. Quent Capital LLC now owns 2,109 shares of the company’s stock worth $67,000 after acquiring an additional 1,117 shares during the period. Finally, EverSource Wealth Advisors LLC bought a new stake in shares of Sprouts Farmers Market in the second quarter worth approximately $83,000. 98.92% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have recently commented on SFM. MKM Partners lowered shares of Sprouts Farmers Market from a “buy” rating to a “neutral” rating and set a $38.00 price target for the company. in a research note on Friday, November 11th. The Goldman Sachs Group lifted their price target on shares of Sprouts Farmers Market from $23.00 to $26.00 and gave the stock a “sell” rating in a research note on Wednesday, November 9th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Sprouts Farmers Market from $34.00 to $38.00 in a report on Wednesday, November 9th. Credit Suisse Group raised their price objective on shares of Sprouts Farmers Market from $27.00 to $30.00 and gave the stock a “neutral” rating in a report on Thursday, November 10th. Finally, Northcoast Research downgraded shares of Sprouts Farmers Market from a “buy” rating to a “neutral” rating in a report on Thursday, November 17th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $30.43.

Sprouts Farmers Market Price Performance

Shares of NASDAQ:SFM opened at $32.78 on Friday. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.28 and a quick ratio of 0.71. Sprouts Farmers Market, Inc. has a 1-year low of $22.56 and a 1-year high of $35.34. The company has a market capitalization of $3.47 billion, a P/E ratio of 14.31, a P/E/G ratio of 1.35 and a beta of 0.42. The firm’s 50 day simple moving average is $29.14 and its two-hundred day simple moving average is $27.90.

Insider Buying and Selling at Sprouts Farmers Market

In other Sprouts Farmers Market news, VP Stacy W. Hilgendorf sold 9,440 shares of Sprouts Farmers Market stock in a transaction that occurred on Wednesday, November 9th. The shares were sold at an average price of $32.00, for a total transaction of $302,080.00. Following the transaction, the vice president now owns 10,902 shares of the company’s stock, valued at $348,864. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Sprouts Farmers Market news, VP Stacy W. Hilgendorf sold 9,440 shares of Sprouts Farmers Market stock in a transaction that occurred on Wednesday, November 9th. The shares were sold at an average price of $32.00, for a total transaction of $302,080.00. Following the transaction, the vice president now owns 10,902 shares of the company’s stock, valued at $348,864. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Brandon F. Lombardi sold 12,612 shares of Sprouts Farmers Market stock in a transaction that occurred on Monday, November 14th. The shares were sold at an average price of $33.66, for a total transaction of $424,519.92. Following the transaction, the insider now directly owns 33,150 shares in the company, valued at approximately $1,115,829. The disclosure for this sale can be found here. Insiders have sold 34,735 shares of company stock valued at $1,146,671 over the last 90 days. 0.71% of the stock is currently owned by corporate insiders.

Sprouts Farmers Market Company Profile

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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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