Boston Trust Walden Corp grew its position in Sprouts Farmers Market, Inc. (NASDAQ:SFM – Free Report) by 20.8% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,025,355 shares of the company’s stock after purchasing an additional 176,859 shares during the period. Boston Trust Walden Corp’s holdings in Sprouts Farmers Market were worth $79,086,000 as of its most recent SEC filing.
Other large investors also recently made changes to their positions in the company. Focus Partners Wealth acquired a new position in Sprouts Farmers Market during the 1st quarter valued at about $400,000. Baird Financial Group Inc. lifted its stake in shares of Sprouts Farmers Market by 77.7% in the 2nd quarter. Baird Financial Group Inc. now owns 3,509 shares of the company’s stock worth $578,000 after acquiring an additional 1,534 shares during the period. Cerity Partners LLC boosted its holdings in shares of Sprouts Farmers Market by 13.1% in the second quarter. Cerity Partners LLC now owns 22,554 shares of the company’s stock valued at $3,713,000 after acquiring an additional 2,609 shares in the last quarter. Daiwa Securities Group Inc. boosted its holdings in shares of Sprouts Farmers Market by 12.0% in the second quarter. Daiwa Securities Group Inc. now owns 22,882 shares of the company’s stock valued at $3,767,000 after acquiring an additional 2,460 shares in the last quarter. Finally, NewEdge Advisors LLC increased its stake in shares of Sprouts Farmers Market by 64.0% during the second quarter. NewEdge Advisors LLC now owns 11,513 shares of the company’s stock valued at $1,896,000 after acquiring an additional 4,492 shares during the period.
Sprouts Farmers Market Price Performance
NASDAQ SFM opened at $89.94 on Friday. The stock has a market capitalization of $8.46 billion, a P/E ratio of 17.30, a P/E/G ratio of 1.83 and a beta of 0.67. Sprouts Farmers Market, Inc. has a 1 year low of $64.75 and a 1 year high of $171.15. The business’s fifty day moving average is $82.71 and its two-hundred day moving average is $78.11. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.42 and a current ratio of 0.92.
Analyst Ratings Changes
Several brokerages recently commented on SFM. Melius Research cut Sprouts Farmers Market from a “hold” rating to a “sell” rating and set a $70.00 target price on the stock. in a report on Monday, April 6th. JPMorgan Chase & Co. lifted their price target on Sprouts Farmers Market from $77.00 to $78.00 and gave the company a “neutral” rating in a research report on Thursday, April 30th. Royal Bank Of Canada reissued an “outperform” rating and issued a $114.00 price objective on shares of Sprouts Farmers Market in a research note on Monday, June 1st. Evercore restated an “outperform” rating on shares of Sprouts Farmers Market in a report on Thursday, April 30th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Sprouts Farmers Market in a research note on Wednesday, June 24th. Seven research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $96.08.
Get Our Latest Stock Report on SFM
Insider Activity at Sprouts Farmers Market
In other Sprouts Farmers Market news, COO Nicholas Konat sold 12,538 shares of the business’s stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of $87.90, for a total transaction of $1,102,090.20. Following the sale, the chief operating officer owned 66,119 shares in the company, valued at approximately $5,811,860.10. The trade was a 15.94% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Jack Sinclair sold 10,790 shares of the company’s stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $82.04, for a total transaction of $885,211.60. Following the sale, the chief executive officer directly owned 269,980 shares of the company’s stock, valued at $22,149,159.20. This represents a 3.84% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 34,522 shares of company stock worth $2,958,303 in the last quarter. 1.30% of the stock is owned by company insiders.
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.
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