Shaker Investments LLC OH Has $4.32 Million Stock Position in Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Shaker Investments LLC OH lessened its position in Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 17.4% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 33,995 shares of the company’s stock after selling 7,180 shares during the period. Sprouts Farmers Market makes up about 1.8% of Shaker Investments LLC OH’s holdings, making the stock its 15th largest position. Shaker Investments LLC OH’s holdings in Sprouts Farmers Market were worth $4,320,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of SFM. Wesbanco Bank Inc. boosted its holdings in Sprouts Farmers Market by 0.3% during the 4th quarter. Wesbanco Bank Inc. now owns 28,659 shares of the company’s stock worth $3,642,000 after acquiring an additional 77 shares during the last quarter. Greenleaf Trust raised its stake in shares of Sprouts Farmers Market by 1.2% in the fourth quarter. Greenleaf Trust now owns 6,715 shares of the company’s stock valued at $853,000 after buying an additional 80 shares during the period. Foundations Investment Advisors LLC increased its holdings in Sprouts Farmers Market by 1.4% in the 4th quarter. Foundations Investment Advisors LLC now owns 6,649 shares of the company’s stock worth $845,000 after acquiring an additional 90 shares during the last quarter. Ballentine Partners LLC raised its stake in Sprouts Farmers Market by 2.6% in the 4th quarter. Ballentine Partners LLC now owns 3,849 shares of the company’s stock valued at $489,000 after acquiring an additional 96 shares during the period. Finally, CIBC Asset Management Inc lifted its holdings in Sprouts Farmers Market by 3.6% during the third quarter. CIBC Asset Management Inc now owns 2,917 shares of the company’s stock valued at $322,000 after purchasing an additional 101 shares during the last quarter.

Analyst Ratings Changes

Several equities analysts have recently weighed in on SFM shares. Wells Fargo & Company lifted 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. Evercore ISI boosted their price objective on shares of Sprouts Farmers Market from $155.00 to $160.00 and gave the company an “outperform” rating in a research note on Tuesday, December 3rd. BMO Capital Markets increased 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. StockNews.com upgraded shares of Sprouts Farmers Market from a “hold” rating to a “buy” rating in a research report on Wednesday, January 15th. Finally, The Goldman Sachs Group increased their price objective 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. Eight research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $119.40.

Sprouts Farmers Market Stock Up 0.6 %

Shares of NASDAQ:SFM opened at $168.90 on Tuesday. The stock has a market capitalization of $16.89 billion, a P/E ratio of 48.82, a price-to-earnings-growth ratio of 2.25 and a beta of 0.63. The stock’s 50-day moving average price is $144.46 and its 200-day moving average price is $125.33. 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, Inc. has a 12-month low of $50.89 and a 12-month high of $170.50.

Insiders Place Their Bets

In other news, Director Joseph D. O’leary sold 350 shares of the company’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 directly owns 17,991 shares of the company’s stock, valued at approximately $2,700,629.01. This represents a 1.91 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Jack Sinclair sold 2,915 shares of the stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $167.54, for a total transaction of $488,379.10. Following the sale, the chief executive officer now owns 143,669 shares of the company’s stock, valued at approximately $24,070,304.26. This represents a 1.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 42,614 shares of company stock valued at $6,323,731 in the last ninety days. Company insiders own 1.10% of the company’s stock.

About Sprouts Farmers Market

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.