Sprouts Farmers Market, Inc. $SFM Stock Holdings Lessened by Allianz Asset Management GmbH

Allianz Asset Management GmbH lessened its holdings in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 43.7% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 265,392 shares of the company’s stock after selling 206,072 shares during the period. Allianz Asset Management GmbH’s holdings in Sprouts Farmers Market were worth $28,875,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of SFM. Jones Financial Companies Lllp boosted its stake in Sprouts Farmers Market by 3.3% in the third quarter. Jones Financial Companies Lllp now owns 5,318 shares of the company’s stock valued at $584,000 after acquiring an additional 168 shares during the period. Independent Advisor Alliance lifted its holdings in shares of Sprouts Farmers Market by 5.1% in the 3rd quarter. Independent Advisor Alliance now owns 21,527 shares of the company’s stock worth $2,342,000 after purchasing an additional 1,052 shares during the last quarter. Significant Wealth Partners LLC boosted its position in Sprouts Farmers Market by 48.0% during the 3rd quarter. Significant Wealth Partners LLC now owns 2,528 shares of the company’s stock valued at $275,000 after purchasing an additional 820 shares during the period. Arizona State Retirement System boosted its position in Sprouts Farmers Market by 1.1% during the 3rd quarter. Arizona State Retirement System now owns 28,942 shares of the company’s stock valued at $3,149,000 after purchasing an additional 309 shares during the period. Finally, Impact Partnership Wealth LLC bought a new position in Sprouts Farmers Market during the 3rd quarter worth $417,000.

Insider Buying and Selling at Sprouts Farmers Market

In other news, insider John Scott Neal sold 17,471 shares of the business’s stock in a transaction on Wednesday, December 3rd. The stock was sold at an average price of $85.20, for a total value of $1,488,529.20. Following the sale, the insider owned 14,178 shares of the company’s stock, valued at approximately $1,207,965.60. The trade was a 55.20% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CMO Alisa Gmelich sold 3,161 shares of the company’s stock in a transaction on Friday, December 12th. The shares were sold at an average price of $79.39, for a total value of $250,951.79. Following the completion of the sale, the chief marketing officer owned 5,552 shares of the company’s stock, valued at approximately $440,773.28. This trade represents a 36.28% decrease in their position. The SEC filing for this sale provides additional information. 1.10% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on SFM shares. Evercore ISI reduced their price target on shares of Sprouts Farmers Market from $175.00 to $130.00 and set an “outperform” rating for the company in a report on Monday, October 27th. Roth Mkm reissued a “neutral” rating and set a $91.00 target price on shares of Sprouts Farmers Market in a research note on Thursday, October 30th. Wall Street Zen cut shares of Sprouts Farmers Market from a “buy” rating to a “hold” rating in a research report on Sunday, December 21st. JPMorgan Chase & Co. cut their price target on Sprouts Farmers Market from $124.00 to $91.00 and set a “neutral” rating on the stock in a report on Thursday, October 30th. Finally, Wells Fargo & Company decreased their price objective on Sprouts Farmers Market from $180.00 to $135.00 and set an “overweight” rating for the company in a report on Thursday, October 30th. Eight investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Sprouts Farmers Market has a consensus rating of “Moderate Buy” and a consensus target price of $127.69.

Sprouts Farmers Market Price Performance

NASDAQ SFM opened at $66.34 on Friday. Sprouts Farmers Market, Inc. has a 12 month low of $66.17 and a 12 month high of $182.00. The firm has a market capitalization of $6.46 billion, a PE ratio of 12.83, a P/E/G ratio of 0.69 and a beta of 0.75. The company’s 50 day simple moving average is $77.97 and its 200 day simple moving average is $105.42. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.05 and a quick ratio of 0.53.

Sprouts Farmers Market Profile

Sprouts Farmers Market, Inc (NASDAQ: SFM) is a specialty grocery retailer focused on fresh, natural and organic foods. Headquartered in Phoenix, Arizona, the company operates stores designed to offer an open-market shopping experience, emphasizing quality produce sourced from regional farmers alongside organic pantry staples, dairy, meat and seafood. Sprouts’ product assortment also includes bulk foods, vitamins and supplements, a deli and prepared foods, reflecting its commitment to wellness and affordable healthy living.

Founded in 2002 by members of the Boney family, Sprouts began as a single farmers market in Chandler, Arizona.