OLD National Bancorp IN Trims Position in Sprouts Farmers Market Inc (SFM)

OLD National Bancorp IN lowered its stake in shares of Sprouts Farmers Market Inc (NASDAQ:SFM) by 35.2% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 18,045 shares of the company’s stock after selling 9,787 shares during the quarter. OLD National Bancorp IN’s holdings in Sprouts Farmers Market were worth $439,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Northern Trust Corp lifted its holdings in Sprouts Farmers Market by 1.2% during the second quarter. Northern Trust Corp now owns 1,127,869 shares of the company’s stock valued at $25,568,000 after purchasing an additional 13,641 shares during the last quarter. Parametric Portfolio Associates LLC lifted its holdings in Sprouts Farmers Market by 8.5% during the second quarter. Parametric Portfolio Associates LLC now owns 149,820 shares of the company’s stock valued at $3,396,000 after purchasing an additional 11,705 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in Sprouts Farmers Market by 62.1% during the second quarter. Dimensional Fund Advisors LP now owns 1,343,803 shares of the company’s stock valued at $30,464,000 after purchasing an additional 514,877 shares during the last quarter. Royal Bank of Canada lifted its holdings in Sprouts Farmers Market by 67.3% during the second quarter. Royal Bank of Canada now owns 136,168 shares of the company’s stock valued at $3,086,000 after purchasing an additional 54,787 shares during the last quarter. Finally, Janus Henderson Group PLC purchased a new stake in Sprouts Farmers Market during the second quarter valued at about $407,000. Institutional investors own 90.21% of the company’s stock.

In other Sprouts Farmers Market news, insider Theodore Edward Frumkin II sold 36,667 shares of the stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $23.93, for a total transaction of $877,441.31. Following the transaction, the insider now directly owns 58,912 shares in the company, valued at $1,409,764.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Shon A. Boney sold 96,945 shares of the stock in a transaction that occurred on Wednesday, January 31st. The shares were sold at an average price of $28.10, for a total transaction of $2,724,154.50. Following the transaction, the director now owns 76,812 shares in the company, valued at $2,158,417.20. The disclosure for this sale can be found here. Insiders have sold 1,651,481 shares of company stock worth $42,706,303 over the last quarter. Company insiders own 2.60% of the company’s stock.

Sprouts Farmers Market Inc (NASDAQ SFM) opened at $26.94 on Thursday. Sprouts Farmers Market Inc has a 52-week low of $17.38 and a 52-week high of $28.29. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.23 and a current ratio of 1.00. The company has a market cap of $3,580.00, a P/E ratio of 27.77, a price-to-earnings-growth ratio of 1.88 and a beta of 0.80.

Several equities research analysts have commented on the stock. Gordon Haskett raised shares of Sprouts Farmers Market from an “accumulate” rating to a “buy” rating and set a $27.00 price objective on the stock in a report on Wednesday, January 31st. BidaskClub raised shares of Sprouts Farmers Market from a “buy” rating to a “strong-buy” rating in a report on Thursday, January 25th. BMO Capital Markets reissued a “hold” rating and issued a $32.00 price target on shares of Sprouts Farmers Market in a report on Wednesday, January 24th. Royal Bank of Canada reissued a “buy” rating and issued a $32.00 price target on shares of Sprouts Farmers Market in a report on Friday, February 2nd. Finally, Oppenheimer increased their price target on shares of Sprouts Farmers Market from $28.00 to $31.00 and gave the stock an “outperform” rating in a report on Tuesday, February 6th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Buy” and an average price target of $26.33.

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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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Institutional Ownership by Quarter for Sprouts Farmers Market (NASDAQ:SFM)

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