Livforsakringsbolaget Skandia Omsesidigt Has $406,000 Holdings in Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Livforsakringsbolaget Skandia Omsesidigt trimmed its stake in Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 76.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,200 shares of the company’s stock after selling 10,500 shares during the period. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Sprouts Farmers Market were worth $406,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Accent Capital Management LLC acquired a new stake in Sprouts Farmers Market during the third quarter worth about $25,000. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Sprouts Farmers Market in the 4th quarter worth approximately $31,000. Avior Wealth Management LLC grew its holdings in shares of Sprouts Farmers Market by 93.5% during the 4th quarter. Avior Wealth Management LLC now owns 269 shares of the company’s stock worth $34,000 after purchasing an additional 130 shares in the last quarter. V Square Quantitative Management LLC acquired a new stake in shares of Sprouts Farmers Market during the 3rd quarter worth approximately $38,000. Finally, First Horizon Advisors Inc. increased its position in shares of Sprouts Farmers Market by 80.6% during the third quarter. First Horizon Advisors Inc. now owns 363 shares of the company’s stock valued at $40,000 after purchasing an additional 162 shares during the period.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on SFM shares. StockNews.com upgraded shares of Sprouts Farmers Market from a “hold” rating to a “buy” rating in a research note on Wednesday, January 15th. 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. The Goldman Sachs Group raised their price target 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. Bank of America upped their price objective on Sprouts Farmers Market from $115.00 to $135.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Finally, Evercore ISI raised their target price on Sprouts Farmers Market from $155.00 to $160.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 3rd. Eight research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $119.40.

Insider Activity

In other Sprouts Farmers Market news, CEO Jack Sinclair sold 30,000 shares of the stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $149.24, for a total value of $4,477,200.00. Following the transaction, the chief executive officer now directly owns 163,862 shares in the company, valued at approximately $24,454,764.88. This trade represents a 15.47 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Joseph D. O’leary sold 350 shares of the business’s stock in a transaction 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 sale, the director now owns 17,991 shares of the company’s stock, valued at approximately $2,700,629.01. The trade was a 1.91 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 42,614 shares of company stock worth $6,323,731. 1.10% of the stock is owned by corporate insiders.

Sprouts Farmers Market Trading Down 1.2 %

SFM stock opened at $167.97 on Friday. 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 stock has a market capitalization of $16.80 billion, a price-to-earnings ratio of 48.55, a P/E/G ratio of 2.09 and a beta of 0.63. The business has a fifty day moving average price of $143.83 and a 200 day moving average price of $123.56. Sprouts Farmers Market, Inc. has a fifty-two week low of $50.12 and a fifty-two week high of $170.50.

Sprouts Farmers Market 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.