BayBridge Capital Group LLC Cuts Stock Position in Sprouts Farmers Market, Inc. (NASDAQ:SFM)

BayBridge Capital Group LLC decreased its holdings in Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 2.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. 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.

Several other hedge funds and other institutional investors have also made changes to their positions in SFM. Accent Capital Management LLC acquired a new stake in Sprouts Farmers Market during the 3rd quarter worth approximately $25,000. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Sprouts Farmers Market during the fourth quarter worth $31,000. Avior Wealth Management LLC raised its stake in shares of Sprouts Farmers Market by 93.5% in the fourth quarter. Avior Wealth Management LLC now owns 269 shares of the company’s stock valued at $34,000 after acquiring an additional 130 shares in the last quarter. V Square Quantitative Management LLC purchased a new position in Sprouts Farmers Market in the third quarter valued at $38,000. Finally, First Horizon Advisors Inc. grew its stake in Sprouts Farmers Market by 80.6% during the 3rd quarter. First Horizon Advisors Inc. now owns 363 shares of the company’s stock worth $40,000 after purchasing an additional 162 shares in the last quarter.

Sprouts Farmers Market Trading Down 1.2 %

Shares of Sprouts Farmers Market stock opened at $167.97 on Friday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.59 and a current ratio of 1.13. The company has a market capitalization of $16.80 billion, a P/E ratio of 48.55, a PEG ratio of 2.25 and a beta of 0.63. Sprouts Farmers Market, Inc. has a 1 year low of $50.12 and a 1 year high of $170.50. The company’s fifty day moving average is $143.83 and its two-hundred day moving average is $123.56.

Insider Buying and Selling

In other news, CEO Jack Sinclair sold 2,915 shares of the company’s stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $167.54, for a total transaction of $488,379.10. Following the completion of the sale, the chief executive officer now owns 143,669 shares in the company, valued at $24,070,304.26. This represents a 1.99 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Joseph D. O’leary sold 350 shares of Sprouts Farmers Market stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $150.11, for a total value of $52,538.50. Following the completion of the sale, the director now directly owns 17,991 shares in the company, valued at $2,700,629.01. This represents a 1.91 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 42,614 shares of company stock valued at $6,323,731 over the last quarter. 1.10% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research firms have issued reports on SFM. Evercore ISI increased their price target on 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 raised their target price on shares of Sprouts Farmers Market from $130.00 to $140.00 and gave the company an “equal weight” rating in a report on Thursday, January 30th. BMO Capital Markets boosted 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. The Goldman Sachs Group increased their price objective on shares of Sprouts Farmers Market from $127.00 to $159.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Finally, StockNews.com upgraded shares of Sprouts Farmers Market from a “hold” rating to a “buy” rating in a research note on Wednesday, January 15th. Eight investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, Sprouts Farmers Market currently has a consensus rating of “Hold” and an average target price of $119.40.

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.