TFB Advisors LLC Sells 1,149 Shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM)

TFB Advisors LLC lessened its holdings in Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 17.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 5,374 shares of the company’s stock after selling 1,149 shares during the period. TFB Advisors LLC’s holdings in Sprouts Farmers Market were worth $683,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Assenagon Asset Management S.A. grew its stake in Sprouts Farmers Market by 2,577.7% in the 3rd quarter. Assenagon Asset Management S.A. now owns 452,672 shares of the company’s stock valued at $49,980,000 after buying an additional 435,767 shares during the last quarter. Fiera Capital Corp acquired a new stake in Sprouts Farmers Market during the 3rd quarter worth approximately $31,712,000. Wellington Management Group LLP bought a new stake in Sprouts Farmers Market in the 3rd quarter valued at $18,259,000. International Assets Investment Management LLC grew its holdings in Sprouts Farmers Market by 3,347.7% in the 3rd quarter. International Assets Investment Management LLC now owns 164,732 shares of the company’s stock valued at $18,188,000 after buying an additional 159,954 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its position in shares of Sprouts Farmers Market by 13.1% in the third quarter. JPMorgan Chase & Co. now owns 1,349,694 shares of the company’s stock valued at $149,020,000 after acquiring an additional 156,175 shares during the period.

Insider Transactions at Sprouts Farmers Market

In related news, Director Douglas Gregory Rauch sold 700 shares of the company’s stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $148.89, for a total value of $104,223.00. Following the sale, the director now owns 10,874 shares in the company, valued at $1,619,029.86. This represents a 6.05 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Joseph D. O’leary sold 350 shares of the stock in a transaction that occurred on Tuesday, December 3rd. The stock was 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 of the company’s stock, 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. Insiders sold a total of 42,614 shares of company stock valued at $6,323,731 in the last quarter. 1.10% of the stock is currently owned by company insiders.

Analyst Ratings Changes

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

Sprouts Farmers Market Stock Performance

SFM stock opened at $166.13 on Wednesday. The stock has a 50-day moving average price of $144.76 and a 200-day moving average price of $125.89. Sprouts Farmers Market, Inc. has a 1-year low of $50.89 and a 1-year high of $170.50. The firm has a market cap of $16.61 billion, a PE ratio of 48.01, a price-to-earnings-growth ratio of 2.25 and a beta of 0.63. The company has a current ratio of 1.13, a quick ratio of 0.59 and a debt-to-equity ratio of 0.01.

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.