Tower Research Capital LLC TRC Acquires 2,555 Shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Tower Research Capital LLC TRC increased its holdings in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM – Get Rating) by 27.5% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 11,844 shares of the company’s stock after acquiring an additional 2,555 shares during the quarter. Tower Research Capital LLC TRC’s holdings in Sprouts Farmers Market were worth $329,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the business. Amalgamated Bank grew its stake in Sprouts Farmers Market by 0.4% during the third quarter. Amalgamated Bank now owns 74,863 shares of the company’s stock worth $2,077,000 after buying an additional 320 shares in the last quarter. Russell Investments Group Ltd. boosted its stake in shares of Sprouts Farmers Market by 2.1% in the 2nd quarter. Russell Investments Group Ltd. now owns 20,236 shares of the company’s stock valued at $510,000 after purchasing an additional 422 shares in the last quarter. Bessemer Group Inc. boosted its stake in shares of Sprouts Farmers Market by 27.2% in the 3rd quarter. Bessemer Group Inc. now owns 1,978 shares of the company’s stock valued at $55,000 after purchasing an additional 423 shares in the last quarter. Exchange Traded Concepts LLC boosted its stake in shares of Sprouts Farmers Market by 1.9% in the 3rd quarter. Exchange Traded Concepts LLC now owns 22,964 shares of the company’s stock valued at $637,000 after purchasing an additional 432 shares in the last quarter. Finally, Platinum Investment Management Ltd. boosted its stake in shares of Sprouts Farmers Market by 36.3% in the 2nd quarter. Platinum Investment Management Ltd. now owns 1,758 shares of the company’s stock valued at $45,000 after purchasing an additional 468 shares in the last quarter. 99.11% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. The Goldman Sachs Group raised their price target on shares of Sprouts Farmers Market from $26.00 to $29.00 and gave the company a “sell” rating in a research note on Wednesday, November 30th. Deutsche Bank Aktiengesellschaft raised their price target on shares of Sprouts Farmers Market from $34.00 to $38.00 in a research note on Wednesday, November 9th. Credit Suisse Group reiterated a “neutral” rating and set a $35.00 target price on shares of Sprouts Farmers Market in a research report on Tuesday, December 20th. MKM Partners downgraded shares of Sprouts Farmers Market from a “buy” rating to a “neutral” rating and set a $38.00 target price on the stock. in a research report on Friday, November 11th. Finally, Northcoast Research downgraded shares of Sprouts Farmers Market from a “buy” rating to a “neutral” rating in a research report on Thursday, November 17th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $31.67.

Sprouts Farmers Market Stock Down 2.1 %

Sprouts Farmers Market stock opened at $30.29 on Wednesday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.71 and a current ratio of 1.28. Sprouts Farmers Market, Inc. has a 52-week low of $22.56 and a 52-week high of $35.34. The firm has a 50 day moving average price of $32.10 and a two-hundred day moving average price of $30.85. The firm has a market cap of $3.21 billion, a price-to-earnings ratio of 13.23, a PEG ratio of 1.70 and a beta of 0.40.

Insiders Place Their Bets

In other Sprouts Farmers Market news, CEO Jack Sinclair sold 85,953 shares of the firm’s stock in a transaction that occurred on Monday, December 5th. The shares were sold at an average price of $33.77, for a total transaction of $2,902,632.81. Following the completion of the transaction, the chief executive officer now owns 207,638 shares in the company, valued at approximately $7,011,935.26. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 0.71% of the company’s stock.

About Sprouts Farmers Market

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Sprouts Farmers Market, Inc engages in the operation of healthy grocery stores. The firm specializes in fresh, natural and organic products. Its products include fresh produce, bulk foods, vitamins and supplements, grocery, meat and seafood, deli, bakery, dairy, frozen foods, body care and natural household items.