Shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM – Get Free Report) reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $166.36 and last traded at $165.85, with a volume of 1349740 shares trading hands. The stock had previously closed at $159.75.
Analysts Set New Price Targets
Several brokerages have recently issued reports on SFM. StockNews.com raised Sprouts Farmers Market from a “hold” rating to a “buy” rating in a research report on Wednesday, January 15th. Wells Fargo & Company lifted their price target on 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. Bank of America upped their price target on Sprouts Farmers Market from $115.00 to $135.00 and gave the stock a “buy” rating in a report on Friday, October 25th. The Goldman Sachs Group raised their price objective 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. Finally, BMO Capital Markets upped 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. Eight analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $119.40.
Get Our Latest Stock Analysis on Sprouts Farmers Market
Sprouts Farmers Market Price Performance
Insider Transactions at Sprouts Farmers Market
In related news, CEO Jack Sinclair sold 2,935 shares of the stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $138.74, for a total transaction of $407,201.90. Following the completion of the sale, the chief executive officer now owns 149,499 shares in the company, valued at $20,741,491.26. This trade represents a 1.93 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Joseph D. O’leary sold 350 shares of the business’s stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $150.11, for a total transaction of $52,538.50. Following the completion of the transaction, the director now owns 17,991 shares in the company, valued at approximately $2,700,629.01. This trade represents a 1.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 39,699 shares of company stock valued at $5,835,352. Corporate insiders own 1.10% of the company’s stock.
Hedge Funds Weigh In On Sprouts Farmers Market
Institutional investors have recently bought and sold shares of the business. Los Angeles Capital Management LLC raised its holdings in shares of Sprouts Farmers Market by 16.5% in the fourth quarter. Los Angeles Capital Management LLC now owns 45,087 shares of the company’s stock valued at $5,729,000 after buying an additional 6,397 shares during the last quarter. Y Intercept Hong Kong Ltd bought a new position in shares of Sprouts Farmers Market in the fourth quarter worth about $6,191,000. Union Bancaire Privee UBP SA acquired a new position in shares of Sprouts Farmers Market during the fourth quarter worth approximately $2,845,000. MONECO Advisors LLC bought a new stake in shares of Sprouts Farmers Market during the fourth quarter valued at approximately $232,000. Finally, TCW Group Inc. increased its holdings in shares of Sprouts Farmers Market by 1.1% in the fourth quarter. TCW Group Inc. now owns 26,943 shares of the company’s stock valued at $3,424,000 after purchasing an additional 303 shares in the last quarter.
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.
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