Livforsakringsbolaget Skandia Omsesidigt Sells 10,500 Shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Livforsakringsbolaget Skandia Omsesidigt decreased its holdings in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 76.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 3,200 shares of the company’s stock after selling 10,500 shares during the period. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Sprouts Farmers Market were worth $406,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the stock. Wesbanco Bank Inc. grew its holdings in Sprouts Farmers Market by 0.3% during the fourth quarter. Wesbanco Bank Inc. now owns 28,659 shares of the company’s stock valued at $3,642,000 after purchasing an additional 77 shares during the period. Greenleaf Trust grew its holdings in shares of Sprouts Farmers Market by 1.2% in the 4th quarter. Greenleaf Trust now owns 6,715 shares of the company’s stock valued at $853,000 after buying an additional 80 shares during the period. Foundations Investment Advisors LLC increased its position in shares of Sprouts Farmers Market by 1.4% in the 4th quarter. Foundations Investment Advisors LLC now owns 6,649 shares of the company’s stock valued at $845,000 after buying an additional 90 shares in the last quarter. Ballentine Partners LLC raised its stake in Sprouts Farmers Market by 2.6% during the 4th quarter. Ballentine Partners LLC now owns 3,849 shares of the company’s stock worth $489,000 after buying an additional 96 shares during the period. Finally, CIBC Asset Management Inc raised its stake in Sprouts Farmers Market by 3.6% during the 3rd quarter. CIBC Asset Management Inc now owns 2,917 shares of the company’s stock worth $322,000 after buying an additional 101 shares during the period.

Insider Buying and Selling

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 transaction of $488,379.10. Following the transaction, the chief executive officer now directly 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 filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Joseph D. O’leary sold 350 shares of the stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $150.11, for a total transaction of $52,538.50. Following the completion of the sale, the director now owns 17,991 shares of the company’s stock, valued at approximately $2,700,629.01. This represents a 1.91 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 42,614 shares of company stock worth $6,323,731. Corporate insiders own 1.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on SFM shares. StockNews.com upgraded Sprouts Farmers Market from a “hold” rating to a “buy” rating in a report on Wednesday, January 15th. Wells Fargo & Company raised their target price on shares of Sprouts Farmers Market from $130.00 to $140.00 and gave the stock an “equal weight” rating in a report on Thursday, January 30th. Bank of America upped their price target on shares of Sprouts Farmers Market from $115.00 to $135.00 and gave the company a “buy” rating in a report on Friday, October 25th. BMO Capital Markets raised their price objective on shares of Sprouts Farmers Market from $102.00 to $140.00 and gave the stock a “market perform” rating in a report on Thursday, October 31st. Finally, The Goldman Sachs Group upped their target price on shares of Sprouts Farmers Market from $127.00 to $159.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Eight analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $119.40.

Sprouts Farmers Market Trading Down 1.2 %

Sprouts Farmers Market stock opened at $167.97 on Friday. The company has a market cap of $16.80 billion, a price-to-earnings ratio of 48.55, a P/E/G ratio of 2.09 and a beta of 0.63. The firm has a 50-day moving average of $143.83 and a 200-day moving average of $123.56. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.13 and a quick ratio of 0.59. Sprouts Farmers Market, Inc. has a one year low of $50.12 and a one year high of $170.50.

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.