BayBridge Capital Group LLC Reduces Stake in Sprouts Farmers Market, Inc. (NASDAQ:SFM)

BayBridge Capital Group LLC lessened its holdings in Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 2.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,722 shares of the company’s stock after selling 86 shares during the quarter. BayBridge Capital Group LLC’s holdings in Sprouts Farmers Market were worth $473,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the business. Geode Capital Management LLC increased its stake in shares of Sprouts Farmers Market by 2.3% in the third quarter. Geode Capital Management LLC now owns 2,484,059 shares of the company’s stock worth $275,634,000 after acquiring an additional 56,161 shares during the period. JPMorgan Chase & Co. grew its position in Sprouts Farmers Market by 13.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,349,694 shares of the company’s stock worth $149,020,000 after purchasing an additional 156,175 shares during the period. Charles Schwab Investment Management Inc. raised its stake in shares of Sprouts Farmers Market by 5.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 983,257 shares of the company’s stock valued at $108,561,000 after buying an additional 48,103 shares during the last quarter. Royal London Asset Management Ltd. raised its stake in shares of Sprouts Farmers Market by 1.5% during the 3rd quarter. Royal London Asset Management Ltd. now owns 698,506 shares of the company’s stock valued at $77,122,000 after buying an additional 10,326 shares during the last quarter. Finally, Franklin Resources Inc. lifted its holdings in shares of Sprouts Farmers Market by 25.8% in the 3rd quarter. Franklin Resources Inc. now owns 464,366 shares of the company’s stock valued at $53,551,000 after buying an additional 95,144 shares during the period.

Insider Buying and Selling

In other Sprouts Farmers Market news, CEO Jack Sinclair sold 30,000 shares of the stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $149.24, for a total transaction of $4,477,200.00. Following the completion of the transaction, the chief executive officer now owns 163,862 shares of the company’s stock, valued at $24,454,764.88. This trade represents a 15.47 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Douglas Gregory Rauch sold 700 shares of Sprouts Farmers Market stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $148.89, for a total transaction of $104,223.00. Following the sale, the director now owns 10,874 shares of the company’s stock, valued at approximately $1,619,029.86. This represents a 6.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 42,614 shares of company stock worth $6,323,731. Company insiders own 1.10% of the company’s stock.

Wall Street Analysts Forecast Growth

SFM has been the subject of several recent research reports. Bank of America lifted their price target on Sprouts Farmers Market from $115.00 to $135.00 and gave the company a “buy” rating in a research report on Friday, October 25th. BMO Capital Markets boosted their target price on shares of Sprouts Farmers Market from $102.00 to $140.00 and gave the company a “market perform” rating in a research note on Thursday, October 31st. Evercore ISI raised their price target on shares of Sprouts Farmers Market from $155.00 to $160.00 and gave the company an “outperform” rating in a research report on Tuesday, December 3rd. Wells Fargo & Company upped their price objective on shares of Sprouts Farmers Market from $130.00 to $140.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 30th. Finally, StockNews.com upgraded Sprouts Farmers Market from a “hold” rating to a “buy” rating in a research report on Wednesday, January 15th. Eight research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, Sprouts Farmers Market currently has an average rating of “Hold” and a consensus target price of $119.40.

Sprouts Farmers Market Stock Performance

Sprouts Farmers Market stock opened at $167.97 on Friday. The stock has a market cap of $16.80 billion, a price-to-earnings ratio of 48.55, a price-to-earnings-growth ratio of 2.25 and a beta of 0.63. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.13 and a quick ratio of 0.59. The firm has a 50 day simple moving average of $143.83 and a 200-day simple moving average of $123.56. Sprouts Farmers Market, Inc. has a 1-year low of $50.12 and a 1-year high of $170.50.

About Sprouts Farmers Market

Sprouts Farmers Market, Inc, together with its subsidiaries, engages in the retailing of fresh, natural, and organic food products under the Sprouts brand in the United States. It offers perishable product categories, including fresh produce, meat and meat alternatives, 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.