Sprouts Farmers Market Inc (SFM) Short Interest Down 12.5% in January

Sprouts Farmers Market Inc (NASDAQ:SFM) saw a large decline in short interest during the month of January. As of January 31st, there was short interest totalling 13,175,381 shares, a decline of 12.5% from the January 12th total of 15,055,970 shares. Currently, 10.6% of the shares of the company are sold short. Based on an average daily trading volume, of 1,904,728 shares, the days-to-cover ratio is currently 6.9 days.

A number of brokerages recently issued reports on SFM. Oppenheimer boosted their price objective on Sprouts Farmers Market from $28.00 to $31.00 and gave the company an “outperform” rating in a research note on Tuesday. Gordon Haskett upgraded Sprouts Farmers Market from an “accumulate” rating to a “buy” rating and set a $27.00 price objective on the stock in a research note on Wednesday, January 31st. Susquehanna Bancshares set a $30.00 price objective on Sprouts Farmers Market and gave the company a “buy” rating in a research note on Thursday, January 11th. Royal Bank of Canada restated a “buy” rating and issued a $32.00 price objective on shares of Sprouts Farmers Market in a research note on Friday, February 2nd. Finally, Stephens set a $27.00 price objective on Sprouts Farmers Market and gave the company a “hold” rating in a research note on Wednesday, January 17th. Two analysts have rated the stock with a sell rating, eight have given a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $25.94.

In related news, insider Theodore Edward Frumkin II sold 36,667 shares of the business’s stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $23.93, for a total value of $877,441.31. Following the transaction, the insider now directly owns 58,912 shares of the company’s stock, valued at approximately $1,409,764.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Shon A. Boney sold 848,409 shares of the business’s stock in a transaction dated Wednesday, January 3rd. The stock was sold at an average price of $24.72, for a total transaction of $20,972,670.48. Following the completion of the transaction, the director now directly owns 478,965 shares in the company, valued at $11,840,014.80. The disclosure for this sale can be found here. Insiders sold a total of 1,651,481 shares of company stock worth $42,706,303 over the last three months. 2.60% of the stock is owned by insiders.

Institutional investors and hedge funds have recently made changes to their positions in the company. Advisory Services Network LLC increased its position in shares of Sprouts Farmers Market by 1,093.0% during the second quarter. Advisory Services Network LLC now owns 5,309 shares of the company’s stock valued at $120,000 after buying an additional 4,864 shares during the period. Harvest Management LLC bought a new stake in shares of Sprouts Farmers Market during the third quarter valued at about $188,000. Sadoff Investment Management LLC bought a new stake in shares of Sprouts Farmers Market during the third quarter valued at about $223,000. Acadian Asset Management LLC bought a new stake in shares of Sprouts Farmers Market during the fourth quarter valued at about $224,000. Finally, State of Alaska Department of Revenue bought a new stake in shares of Sprouts Farmers Market during the fourth quarter valued at about $233,000. Hedge funds and other institutional investors own 89.98% of the company’s stock.

Shares of Sprouts Farmers Market (SFM) opened at $26.35 on Friday. Sprouts Farmers Market has a 52-week low of $17.38 and a 52-week high of $28.29. The firm has a market capitalization of $3,510.00, a PE ratio of 27.16, a PEG ratio of 1.92 and a beta of 0.80. The company has a current ratio of 1.00, a quick ratio of 0.23 and a debt-to-equity ratio of 0.77.

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Sprouts Farmers Market Company Profile

Sprouts Farmers Market, Inc is a food retailer. The Company operates as a grocery store that offers fresh, natural and organic food that includes fresh produce, bulk foods, vitamins and supplements, packaged groceries, meat and seafood, deli, baked goods, dairy products, frozen foods, body care and natural household items catering to consumers’ interest in health and wellness.

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