JPMorgan Chase & Co. lowered its position in Sprouts Farmers Market Inc (NASDAQ:SFM) by 48.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 254,659 shares of the company’s stock after selling 239,309 shares during the period. JPMorgan Chase & Co. owned approximately 0.20% of Sprouts Farmers Market worth $6,980,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Jane Street Group LLC bought a new stake in Sprouts Farmers Market in the second quarter worth about $847,000. Global X Management Co LLC lifted its stake in Sprouts Farmers Market by 64.3% in the second quarter. Global X Management Co LLC now owns 8,907 shares of the company’s stock worth $197,000 after purchasing an additional 3,485 shares during the last quarter. Wells Fargo & Company MN lifted its stake in Sprouts Farmers Market by 6.5% in the second quarter. Wells Fargo & Company MN now owns 450,329 shares of the company’s stock worth $9,938,000 after purchasing an additional 27,287 shares during the last quarter. Voya Investment Management LLC lifted its stake in Sprouts Farmers Market by 5,016.0% in the second quarter. Voya Investment Management LLC now owns 2,412,642 shares of the company’s stock worth $53,246,000 after purchasing an additional 2,365,483 shares during the last quarter. Finally, OppenheimerFunds Inc. lifted its stake in Sprouts Farmers Market by 16.9% in the second quarter. OppenheimerFunds Inc. now owns 66,130 shares of the company’s stock worth $1,459,000 after purchasing an additional 9,564 shares during the last quarter. 91.52% of the stock is owned by institutional investors and hedge funds.
Shares of SFM stock opened at $23.96 on Friday. The company has a market cap of $3.07 billion, a P/E ratio of 23.72, a price-to-earnings-growth ratio of 1.55 and a beta of 0.79. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.30 and a current ratio of 1.15. Sprouts Farmers Market Inc has a 52-week low of $20.63 and a 52-week high of $29.67.
In other Sprouts Farmers Market news, Director Joe Fortunato sold 1,000 shares of Sprouts Farmers Market stock in a transaction on Friday, September 21st. The shares were sold at an average price of $27.52, for a total value of $27,520.00. Following the transaction, the director now directly owns 21,707 shares of the company’s stock, valued at $597,376.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Amin N. Maredia sold 165,213 shares of Sprouts Farmers Market stock in a transaction on Monday, November 19th. The stock was sold at an average price of $27.52, for a total transaction of $4,546,661.76. Following the completion of the transaction, the chief executive officer now directly owns 257,998 shares in the company, valued at $7,100,104.96. The disclosure for this sale can be found here. Over the last three months, insiders have purchased 109,500 shares of company stock worth $2,512,275 and have sold 219,546 shares worth $6,041,906. Company insiders own 1.80% of the company’s stock.
Several analysts have recently weighed in on SFM shares. Bank of America decreased their price target on shares of Sprouts Farmers Market from $35.00 to $21.00 and set an “underperform” rating for the company in a research note on Sunday, December 9th. BidaskClub raised shares of Sprouts Farmers Market from a “sell” rating to a “hold” rating in a research note on Wednesday, August 22nd. Wells Fargo & Co downgraded shares of Sprouts Farmers Market from an “outperform” rating to a “market perform” rating and set a $26.00 price target for the company. in a research note on Monday, September 24th. ValuEngine raised shares of Sprouts Farmers Market from a “sell” rating to a “hold” rating in a research note on Monday, August 20th. Finally, UBS Group lifted their price target on shares of Sprouts Farmers Market from $28.00 to $33.00 and gave the company a “buy” rating in a research note on Monday, September 10th. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and eight have issued a buy rating to the company. Sprouts Farmers Market has an average rating of “Hold” and an average price target of $27.42.
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Sprouts Farmers Market Company Profile
Sprouts Farmers Market, Inc, a healthy grocery store, provides fresh, natural, and organic food products in the United States. Its stores offer fresh produce, meat and seafood, deli and baked goods, packaged groceries, vitamins and supplements, bulk foods, dairy and dairy alternatives, frozen foods, beer and wine, and natural body care and household items.
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