Skandinaviska Enskilda Banken AB publ Sells 2,683 Shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Skandinaviska Enskilda Banken AB publ cut its stake in Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 10.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 22,460 shares of the company’s stock after selling 2,683 shares during the quarter. Skandinaviska Enskilda Banken AB publ’s holdings in Sprouts Farmers Market were worth $2,858,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Accent Capital Management LLC bought a new stake in shares of Sprouts Farmers Market in the third quarter worth approximately $25,000. Mirae Asset Global Investments Co. Ltd. bought a new stake in Sprouts Farmers Market during the fourth quarter valued at approximately $31,000. Avior Wealth Management LLC grew its position in Sprouts Farmers Market by 93.5% during the fourth quarter. Avior Wealth Management LLC now owns 269 shares of the company’s stock valued at $34,000 after buying an additional 130 shares during the period. Global Retirement Partners LLC grew its position in Sprouts Farmers Market by 84.1% during the fourth quarter. Global Retirement Partners LLC now owns 289 shares of the company’s stock valued at $37,000 after buying an additional 132 shares during the period. Finally, First Horizon Advisors Inc. grew its position in Sprouts Farmers Market by 80.6% during the third quarter. First Horizon Advisors Inc. now owns 363 shares of the company’s stock valued at $40,000 after buying an additional 162 shares during the period.

Insider Transactions at Sprouts Farmers Market

In related news, CEO Jack Sinclair sold 2,915 shares of the business’s stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $167.54, for a total value of $488,379.10. Following the sale, the chief executive officer now owns 143,669 shares in the company, valued at approximately $24,070,304.26. The trade was a 1.99 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Joe Fortunato sold 5,000 shares of the business’s stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $144.80, for a total transaction of $724,000.00. Following the completion of the sale, the director now owns 28,571 shares in the company, valued at $4,137,080.80. This represents a 14.89 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 16,564 shares of company stock valued at $2,413,770. 1.10% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. Bank of America boosted their target price on shares of Sprouts Farmers Market from $165.00 to $185.00 and gave the company a “buy” rating in a research report on Tuesday, February 11th. Roth Mkm boosted their target price on shares of Sprouts Farmers Market from $105.00 to $146.00 and gave the company a “neutral” rating in a research report on Friday, February 21st. Jefferies Financial Group boosted their target price on shares of Sprouts Farmers Market from $119.00 to $139.00 and gave the company a “hold” rating in a research report on Tuesday, February 25th. Evercore ISI cut their target price on shares of Sprouts Farmers Market from $185.00 to $180.00 and set an “outperform” rating for the company in a research report on Tuesday, March 11th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Sprouts Farmers Market from $131.00 to $136.00 and gave the company a “neutral” rating in a report on Tuesday, March 11th. Ten investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $154.15.

Sprouts Farmers Market Price Performance

SFM stock opened at $136.75 on Monday. Sprouts Farmers Market, Inc. has a one year low of $60.46 and a one year high of $178.99. The company’s fifty day moving average price is $150.80 and its 200-day moving average price is $134.66. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.59 and a current ratio of 1.13. The company has a market capitalization of $13.48 billion, a PE ratio of 36.37, a price-to-earnings-growth ratio of 2.31 and a beta of 0.67.

Sprouts Farmers Market (NASDAQ:SFM) last released its earnings results on Thursday, February 20th. The company reported $0.79 EPS for the quarter, topping the consensus estimate of $0.72 by $0.07. Sprouts Farmers Market had a net margin of 4.93% and a return on equity of 29.86%. The firm had revenue of $2 billion for the quarter, compared to the consensus estimate of $1.96 billion. On average, equities analysts anticipate that Sprouts Farmers Market, Inc. will post 4.29 EPS for the current fiscal year.

About Sprouts Farmers Market

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.