Baader Bank Aktiengesellschaft Sells 9,269 Shares of Sprouts Farmers Market, Inc. $SFM

Baader Bank Aktiengesellschaft trimmed its holdings in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 57.3% during the third quarter, Holdings Channel.com reports. The fund owned 6,909 shares of the company’s stock after selling 9,269 shares during the quarter. Baader Bank Aktiengesellschaft’s holdings in Sprouts Farmers Market were worth $747,000 as of its most recent filing with the SEC.

Other institutional investors have also recently modified their holdings of the company. Newbridge Financial Services Group Inc. bought a new stake in Sprouts Farmers Market during the second quarter worth about $29,000. Root Financial Partners LLC bought a new position in shares of Sprouts Farmers Market in the third quarter valued at approximately $26,000. Smartleaf Asset Management LLC increased its stake in Sprouts Farmers Market by 98.6% in the third quarter. Smartleaf Asset Management LLC now owns 284 shares of the company’s stock valued at $31,000 after acquiring an additional 141 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. purchased a new position in Sprouts Farmers Market during the 3rd quarter valued at about $33,000. Finally, Cullen Frost Bankers Inc. raised its holdings in shares of Sprouts Farmers Market by 60.5% during the second quarter. Cullen Frost Bankers Inc. now owns 419 shares of the company’s stock valued at $69,000 after acquiring an additional 158 shares in the last quarter.

Sprouts Farmers Market Trading Up 0.2%

Sprouts Farmers Market stock opened at $65.67 on Thursday. Sprouts Farmers Market, Inc. has a 52-week low of $64.75 and a 52-week high of $182.00. The company has a market cap of $6.39 billion, a P/E ratio of 12.70, a P/E/G ratio of 0.65 and a beta of 0.75. The company has a quick ratio of 0.53, a current ratio of 1.05 and a debt-to-equity ratio of 0.04. The business has a 50-day simple moving average of $76.46 and a two-hundred day simple moving average of $102.27.

Insider Activity at Sprouts Farmers Market

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

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on SFM shares. Evercore ISI restated an “outperform” rating on shares of Sprouts Farmers Market in a report on Tuesday. UBS Group set a $108.00 price target on Sprouts Farmers Market in a report on Thursday, October 30th. JPMorgan Chase & Co. dropped their price objective on Sprouts Farmers Market from $124.00 to $91.00 and set a “neutral” rating on the stock in a research report on Thursday, October 30th. Wall Street Zen raised Sprouts Farmers Market from a “hold” rating to a “buy” rating in a research report on Saturday, February 7th. Finally, Royal Bank Of Canada decreased their price objective on shares of Sprouts Farmers Market from $148.00 to $140.00 and set an “outperform” rating for the company in a report on Thursday, October 30th. Nine equities research 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, the company presently has an average rating of “Moderate Buy” and an average price target of $127.69.

About Sprouts Farmers Market

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.