Skandinaviska Enskilda Banken AB publ Has $2.86 Million Stock Holdings in Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Skandinaviska Enskilda Banken AB publ decreased its position in Sprouts Farmers Market, Inc. (NASDAQ:SFM - Free Report) by 10.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 22,460 shares of the company's stock after selling 2,683 shares during the quarter. Skandinaviska Enskilda Banken AB publ's holdings in Sprouts Farmers Market were worth $2,858,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Wesbanco Bank Inc. raised its position in shares of Sprouts Farmers Market by 0.3% in the fourth quarter. Wesbanco Bank Inc. now owns 28,659 shares of the company's stock valued at $3,642,000 after purchasing an additional 77 shares during the period. EverSource Wealth Advisors LLC grew its stake in shares of Sprouts Farmers Market by 4.1% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,975 shares of the company's stock worth $251,000 after acquiring an additional 77 shares during the last quarter. Greenleaf Trust grew 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 worth $853,000 after acquiring an additional 80 shares during the last quarter. Foundations Investment Advisors LLC grew its stake in shares of Sprouts Farmers Market by 1.4% in the fourth 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. Finally, Ballentine Partners LLC grew its stake in shares of Sprouts Farmers Market by 2.6% in the fourth quarter. Ballentine Partners LLC now owns 3,849 shares of the company's stock worth $489,000 after acquiring an additional 96 shares during the last quarter.

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Sprouts Farmers Market Trading Down 0.7 %

NASDAQ:SFM traded down $1.05 on Thursday, hitting $139.77. 1,013,768 shares of the stock were exchanged, compared to its average volume of 1,312,406. The stock has a market capitalization of $13.78 billion, a price-to-earnings ratio of 37.17, a P/E/G ratio of 2.31 and a beta of 0.67. Sprouts Farmers Market, Inc. has a 52 week low of $60.46 and a 52 week high of $178.99. 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's 50-day moving average price is $150.80 and its 200 day moving average price is $135.21.

Sprouts Farmers Market (NASDAQ:SFM - Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The company reported $0.79 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.07. The firm had revenue of $2 billion during the quarter, compared to analysts' expectations of $1.96 billion. Sprouts Farmers Market had a return on equity of 29.86% and a net margin of 4.93%. On average, equities research analysts forecast that Sprouts Farmers Market, Inc. will post 4.29 earnings per share for the current year.

Insiders Place Their Bets

In other 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 transaction of $488,379.10. Following the completion of the transaction, the chief executive officer now directly owns 143,669 shares in the company, valued at approximately $24,070,304.26. The trade was a 1.99 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CMO Alisa Gmelich sold 445 shares of the business's stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $137.42, for a total value of $61,151.90. Following the transaction, the chief marketing officer now owns 4,436 shares of the company's stock, valued at $609,595.12. The trade was a 9.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 79,653 shares of company stock valued at $11,080,042. 1.10% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

SFM has been the topic of several research analyst reports. StockNews.com upgraded shares of Sprouts Farmers Market from a "hold" rating to a "buy" rating in a research note on Friday, February 21st. JPMorgan Chase & Co. lifted their price target on shares of Sprouts Farmers Market from $131.00 to $136.00 and gave the stock a "neutral" rating in a research note on Tuesday, March 11th. BMO Capital Markets lifted their price target on shares of Sprouts Farmers Market from $140.00 to $180.00 and gave the stock a "market perform" rating in a research note on Friday, February 21st. Bank of America lifted their price target on shares of Sprouts Farmers Market from $165.00 to $185.00 and gave the stock a "buy" rating in a research note on Tuesday, February 11th. Finally, The Goldman Sachs Group boosted their target price on shares of Sprouts Farmers Market from $174.00 to $200.00 and gave the company a "buy" rating in a research note on Friday, February 21st. Nine investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, Sprouts Farmers Market presently has a consensus rating of "Hold" and a consensus target price of $162.92.

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.