Sprouts Farmers Market, Inc. (NASDAQ:SFM) Shares Sold by Wilmington Savings Fund Society FSB

Wilmington Savings Fund Society FSB lessened its stake in Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 4.9% in the 4th quarter, HoldingsChannel.com reports. The fund owned 1,337 shares of the company’s stock after selling 69 shares during the period. Wilmington Savings Fund Society FSB’s holdings in Sprouts Farmers Market were worth $170,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of the stock. Advisors Preferred LLC acquired a new stake in shares of Sprouts Farmers Market during the fourth quarter worth about $6,464,000. Mezzasalma Advisors LLC acquired a new stake in shares of Sprouts Farmers Market during the fourth quarter worth about $2,098,000. Triasima Portfolio Management inc. acquired a new stake in shares of Sprouts Farmers Market during the fourth quarter worth about $1,883,000. Tobam acquired a new stake in shares of Sprouts Farmers Market during the fourth quarter worth about $76,000. Finally, Sumitomo Mitsui Trust Group Inc. boosted its stake in shares of Sprouts Farmers Market by 11.0% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 19,523 shares of the company’s stock worth $2,481,000 after buying an additional 1,931 shares during the period.

Insider Transactions at Sprouts Farmers Market

In other news, CEO Jack Sinclair sold 30,000 shares of the firm’s stock in a transaction that occurred on 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 directly owns 163,862 shares of the company’s stock, valued at $24,454,764.88. This trade represents a 15.47 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Douglas Gregory Rauch sold 700 shares of the firm’s stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $148.89, for a total transaction of $104,223.00. Following the transaction, the director now directly owns 10,874 shares of the company’s stock, valued at approximately $1,619,029.86. This trade represents a 6.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 42,614 shares of company stock valued at $6,323,731 in the last ninety days. Corporate insiders own 1.10% of the company’s stock.

Analysts Set New Price Targets

SFM has been the subject of several recent research reports. Wells Fargo & Company increased their target price on shares of Sprouts Farmers Market from $130.00 to $140.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 30th. The Goldman Sachs Group increased their target price on shares of Sprouts Farmers Market from $127.00 to $159.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Evercore ISI increased their price target on shares of Sprouts Farmers Market from $155.00 to $160.00 and gave the stock an “outperform” rating in a report on Tuesday, December 3rd. StockNews.com raised shares of Sprouts Farmers Market from a “hold” rating to a “buy” rating in a report on Wednesday, January 15th. Finally, BMO Capital Markets increased their price target on shares of Sprouts Farmers Market from $102.00 to $140.00 and gave the stock a “market perform” rating in a report on Thursday, October 31st. Eight equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, Sprouts Farmers Market has a consensus rating of “Hold” and a consensus target price of $124.40.

Sprouts Farmers Market Trading Up 2.6 %

Shares of Sprouts Farmers Market stock opened at $170.48 on Thursday. Sprouts Farmers Market, Inc. has a 12-month low of $50.89 and a 12-month high of $170.92. The company has a current ratio of 1.13, a quick ratio of 0.59 and a debt-to-equity ratio of 0.01. The stock has a market cap of $17.05 billion, a PE ratio of 49.27, a price-to-earnings-growth ratio of 2.25 and a beta of 0.63. The company has a 50-day moving average of $145.09 and a two-hundred day moving average of $126.20.

Sprouts Farmers Market Company Profile

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.