Sprouts Farmers Market, Inc. (NASDAQ:SFM) Shares Sold by TFB Advisors LLC

TFB Advisors LLC lowered its position in Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 17.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,374 shares of the company’s stock after selling 1,149 shares during the quarter. TFB Advisors LLC’s holdings in Sprouts Farmers Market were worth $683,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Wesbanco Bank Inc. grew its stake in Sprouts Farmers Market by 0.3% in 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 period. Greenleaf Trust lifted its holdings in shares of Sprouts Farmers Market by 1.2% during the 4th quarter. Greenleaf Trust now owns 6,715 shares of the company’s stock valued at $853,000 after acquiring an additional 80 shares in the last quarter. Foundations Investment Advisors LLC boosted its position 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 buying an additional 90 shares during the period. Ballentine Partners LLC boosted its holdings in Sprouts Farmers Market by 2.6% in the 4th 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 period. Finally, CIBC Asset Management Inc grew its holdings in Sprouts Farmers Market by 3.6% during the 3rd 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 in the last quarter.

Insider Activity

In other Sprouts Farmers Market news, Director Joseph D. O’leary sold 350 shares of Sprouts Farmers Market stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $150.11, for a total value of $52,538.50. Following the transaction, 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 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 value of $488,379.10. Following the transaction, the chief executive officer now owns 143,669 shares of the company’s stock, valued at approximately $24,070,304.26. This trade represents a 1.99 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 42,614 shares of company stock valued at $6,323,731. Company insiders own 1.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. BMO Capital Markets raised their price objective on 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. Evercore ISI boosted their price objective on Sprouts Farmers Market from $155.00 to $160.00 and gave the company an “outperform” rating in a report on Tuesday, December 3rd. StockNews.com raised Sprouts Farmers Market from a “hold” rating to a “buy” rating in a report on Wednesday, January 15th. The Goldman Sachs Group boosted their price target on Sprouts Farmers Market from $127.00 to $159.00 and gave the company a “buy” rating in a report on Friday, November 1st. Finally, Bank of America raised their target price on Sprouts Farmers Market from $165.00 to $185.00 and gave the company a “buy” rating in a research report on Tuesday. Eight analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $124.40.

Sprouts Farmers Market Stock Performance

Shares of Sprouts Farmers Market stock opened at $166.13 on Wednesday. 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 firm has a 50 day simple moving average of $144.76 and a 200 day simple moving average of $125.89. Sprouts Farmers Market, Inc. has a fifty-two week low of $50.89 and a fifty-two week high of $170.50. The firm has a market cap of $16.61 billion, a P/E ratio of 48.01, a P/E/G ratio of 2.25 and a beta of 0.63.

Sprouts Farmers Market Company 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.