Shaker Investments LLC OH Sells 7,180 Shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Shaker Investments LLC OH lessened its holdings in Sprouts Farmers Market, Inc. (NASDAQ:SFM - Free Report) by 17.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 33,995 shares of the company's stock after selling 7,180 shares during the period. Sprouts Farmers Market comprises 1.8% of Shaker Investments LLC OH's holdings, making the stock its 15th biggest holding. Shaker Investments LLC OH's holdings in Sprouts Farmers Market were worth $4,320,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Accent Capital Management LLC acquired a new position in Sprouts Farmers Market in the 3rd quarter worth about $25,000. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Sprouts Farmers Market in the fourth quarter valued at approximately $31,000. Avior Wealth Management LLC raised its holdings in Sprouts Farmers Market by 93.5% in the 4th quarter. Avior Wealth Management LLC now owns 269 shares of the company's stock valued at $34,000 after buying an additional 130 shares during the last quarter. V Square Quantitative Management LLC acquired a new stake in Sprouts Farmers Market during the 3rd quarter worth approximately $38,000. Finally, First Horizon Advisors Inc. grew its holdings 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 acquiring an additional 162 shares during the last quarter.

Sprouts Farmers Market Trading Up 0.4 %

Shares of Sprouts Farmers Market stock traded up $0.68 on Friday, reaching $177.05. 539,140 shares of the company's stock were exchanged, compared to its average volume of 1,250,574. The company has a market capitalization of $17.70 billion, a P/E ratio of 51.14, a price-to-earnings-growth ratio of 2.25 and a beta of 0.63. Sprouts Farmers Market, Inc. has a 52 week low of $52.04 and a 52 week high of $178.46. 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 firm's 50-day moving average is $145.58 and its two-hundred day moving average is $126.55.

Insider Activity at Sprouts Farmers Market

In related news, CEO Jack Sinclair sold 2,915 shares of the business's stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $167.54, for a total value of $488,379.10. Following the completion of the sale, the chief executive officer now directly owns 143,669 shares of the company's stock, valued at $24,070,304.26. The trade was a 1.99 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 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 transaction, the director now owns 17,991 shares in the company, 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. Insiders have sold 42,614 shares of company stock worth $6,323,731 in the last quarter. Company insiders own 1.10% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Evercore ISI lifted their price target on shares of Sprouts Farmers Market from $155.00 to $160.00 and gave the stock an "outperform" rating in a report on Tuesday, December 3rd. The Goldman Sachs Group lifted their target price on Sprouts Farmers Market from $127.00 to $159.00 and gave the stock a "buy" rating in a report on Friday, November 1st. StockNews.com upgraded Sprouts Farmers Market from a "hold" rating to a "buy" rating in a research report on Wednesday, January 15th. Bank of America raised their price objective on Sprouts Farmers Market from $165.00 to $185.00 and gave the stock a "buy" rating in a research report on Tuesday. Finally, Wells Fargo & Company upped their target price on Sprouts Farmers Market from $130.00 to $140.00 and gave the company an "equal weight" rating in a report on Thursday, January 30th. Eight equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, Sprouts Farmers Market currently has a consensus rating of "Hold" and a consensus target price of $124.40.

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.