Victory Capital Management Inc. Sells 1,910 Shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Victory Capital Management Inc. decreased its holdings in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFMFree Report) by 2.3% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 81,788 shares of the company’s stock after selling 1,910 shares during the period. Victory Capital Management Inc. owned approximately 0.08% of Sprouts Farmers Market worth $3,501,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its stake in Sprouts Farmers Market by 0.5% during the first quarter. Vanguard Group Inc. now owns 11,017,621 shares of the company’s stock valued at $352,344,000 after buying an additional 57,361 shares during the period. Renaissance Technologies LLC lifted its stake in Sprouts Farmers Market by 2.2% during the first quarter. Renaissance Technologies LLC now owns 5,898,332 shares of the company’s stock worth $188,629,000 after purchasing an additional 128,000 shares during the last quarter. State Street Corp lifted its stake in Sprouts Farmers Market by 3.0% during the first quarter. State Street Corp now owns 3,854,433 shares of the company’s stock worth $135,021,000 after purchasing an additional 112,789 shares during the last quarter. Morgan Stanley lifted its stake in Sprouts Farmers Market by 111.3% during the fourth quarter. Morgan Stanley now owns 3,093,805 shares of the company’s stock worth $100,146,000 after purchasing an additional 1,629,709 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in Sprouts Farmers Market by 2.6% during the first quarter. Dimensional Fund Advisors LP now owns 3,007,506 shares of the company’s stock worth $96,180,000 after purchasing an additional 77,540 shares during the last quarter.

Analyst Ratings Changes

Several brokerages have issued reports on SFM. UBS Group lifted their price target on Sprouts Farmers Market from $39.00 to $45.00 and gave the stock a “neutral” rating in a research note on Thursday, November 2nd. Evercore ISI raised Sprouts Farmers Market from an “underperform” rating to an “inline” rating and boosted their target price for the company from $40.00 to $45.00 in a research note on Thursday, January 4th. StockNews.com lowered Sprouts Farmers Market from a “buy” rating to a “hold” rating in a research note on Sunday, December 3rd. Finally, The Goldman Sachs Group raised Sprouts Farmers Market from a “sell” rating to a “buy” rating and boosted their target price for the company from $37.00 to $49.00 in a research note on Tuesday, December 12th. One analyst has rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, Sprouts Farmers Market currently has a consensus rating of “Hold” and a consensus price target of $38.88.

Get Our Latest Research Report on SFM

Insiders Place Their Bets

In other news, insider David Mcglinchey sold 109,881 shares of the business’s stock in a transaction that occurred on Thursday, December 7th. The stock was sold at an average price of $46.17, for a total value of $5,073,205.77. Following the sale, the insider now directly owns 24,130 shares of the company’s stock, valued at approximately $1,114,082.10. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, CEO Jack Sinclair sold 61,092 shares of the business’s stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $40.93, for a total value of $2,500,495.56. Following the sale, the chief executive officer now directly owns 306,691 shares of the company’s stock, valued at approximately $12,552,862.63. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider David Mcglinchey sold 109,881 shares of the company’s stock in a transaction that occurred on Thursday, December 7th. The shares were sold at an average price of $46.17, for a total value of $5,073,205.77. Following the completion of the transaction, the insider now directly owns 24,130 shares in the company, valued at $1,114,082.10. The disclosure for this sale can be found here. In the last quarter, insiders have sold 179,836 shares of company stock worth $7,950,127. Company insiders own 1.20% of the company’s stock.

Sprouts Farmers Market Stock Up 1.6 %

SFM stock opened at $50.76 on Friday. Sprouts Farmers Market, Inc. has a fifty-two week low of $30.20 and a fifty-two week high of $52.02. The business’s 50 day moving average price is $48.98 and its two-hundred day moving average price is $43.61. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.55 and a current ratio of 1.15. The company has a market capitalization of $5.16 billion, a price-to-earnings ratio of 20.80, a price-to-earnings-growth ratio of 2.08 and a beta of 0.44.

Sprouts Farmers Market Company Profile

(Free Report)

Sprouts Farmers Market, Inc, together with its subsidiaries, retails fresh, natural, and organic food products in the United States. It provides 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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