Swiss National Bank Sells 3,300 Shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Swiss National Bank cut its holdings in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM - Free Report) by 1.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 193,650 shares of the company's stock after selling 3,300 shares during the quarter. Swiss National Bank owned approximately 0.20% of Sprouts Farmers Market worth $29,559,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. CenterBook Partners LP purchased a new stake in shares of Sprouts Farmers Market during the 1st quarter valued at approximately $1,959,000. Headlands Technologies LLC purchased a new stake in shares of Sprouts Farmers Market during the 1st quarter valued at approximately $453,000. Charles Schwab Investment Management Inc. lifted its stake in shares of Sprouts Farmers Market by 1.0% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 997,152 shares of the company's stock valued at $152,205,000 after buying an additional 10,059 shares in the last quarter. Intrust Bank NA lifted its stake in shares of Sprouts Farmers Market by 34.1% during the 1st quarter. Intrust Bank NA now owns 5,030 shares of the company's stock valued at $768,000 after buying an additional 1,279 shares in the last quarter. Finally, Atria Wealth Solutions Inc. lifted its stake in shares of Sprouts Farmers Market by 6.0% during the 1st quarter. Atria Wealth Solutions Inc. now owns 10,218 shares of the company's stock valued at $1,560,000 after buying an additional 582 shares in the last quarter.

Analyst Ratings Changes

A number of research firms recently weighed in on SFM. Roth Capital set a $155.00 target price on shares of Sprouts Farmers Market and gave the stock a "neutral" rating in a report on Thursday, May 1st. Evercore ISI cut their price objective on shares of Sprouts Farmers Market from $195.00 to $190.00 and set an "outperform" rating for the company in a research note on Tuesday. Royal Bank Of Canada upped their price objective on shares of Sprouts Farmers Market from $173.00 to $176.00 and gave the company a "sector perform" rating in a research note on Thursday, July 31st. UBS Group set a $180.00 price target on shares of Sprouts Farmers Market in a research report on Thursday, July 31st. Finally, Wall Street Zen raised shares of Sprouts Farmers Market from a "hold" rating to a "buy" rating in a research report on Wednesday, April 23rd. Seven research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $172.20.

Sprouts Farmers Market Stock Performance

Shares of Sprouts Farmers Market stock traded down $2.77 during trading on Thursday, hitting $143.41. The company's stock had a trading volume of 1,572,502 shares, compared to its average volume of 1,596,808. The company has a fifty day simple moving average of $159.90 and a two-hundred day simple moving average of $158.62. The company has a market capitalization of $14.02 billion, a PE ratio of 29.51, a P/E/G ratio of 1.65 and a beta of 0.78. Sprouts Farmers Market, Inc. has a 52 week low of $95.25 and a 52 week high of $182.00.

Sprouts Farmers Market (NASDAQ:SFM - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The company reported $1.35 earnings per share for the quarter, beating analysts' consensus estimates of $1.23 by $0.12. The business had revenue of $2.22 billion during the quarter, compared to analyst estimates of $2.16 billion. Sprouts Farmers Market had a net margin of 5.77% and a return on equity of 36.53%. Sprouts Farmers Market's revenue was up 17.3% compared to the same quarter last year. During the same period last year, the business earned $0.94 EPS. As a group, analysts predict that Sprouts Farmers Market, Inc. will post 4.29 EPS for the current year.

Insider Transactions at Sprouts Farmers Market

In related news, CEO Jack Sinclair sold 4,045 shares of the firm's stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $156.76, for a total value of $634,094.20. Following the transaction, the chief executive officer owned 174,740 shares of the company's stock, valued at approximately $27,392,242.40. This trade represents a 2.26% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Joe Fortunato sold 10,000 shares of Sprouts Farmers Market stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $147.57, for a total transaction of $1,475,700.00. Following the transaction, the director directly owned 18,164 shares in the company, valued at $2,680,461.48. This represents a 35.51% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 59,504 shares of company stock valued at $9,574,851. Company insiders own 1.10% of the company's stock.

Sprouts Farmers Market Company Profile

Sprouts Farmers Market, Inc, together with its subsidiaries, engages in the retailing of fresh, natural, and organic food products under the Sprouts brand in the United States. It offers perishable product categories, including fresh produce, meat and meat alternatives, seafood, deli, bakery, floral, and dairy and dairy alternatives; and non-perishable product categories, such as grocery, vitamins and supplements, bulk items, frozen foods, beer and wine, and natural health and body care.