Shaker Investments LLC OH Trims Holdings in Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Shaker Investments LLC OH trimmed its holdings in Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 17.4% in the 4th quarter, Holdings Channel reports. The fund owned 33,995 shares of the company’s stock after selling 7,180 shares during the quarter. Sprouts Farmers Market accounts for about 1.8% of Shaker Investments LLC OH’s investment portfolio, making the stock its 15th biggest position. Shaker Investments LLC OH’s holdings in Sprouts Farmers Market were worth $4,320,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of SFM. Summit Trail Advisors LLC purchased a new stake in shares of Sprouts Farmers Market during the 4th quarter valued at about $213,000. Savant Capital LLC bought a new stake in Sprouts Farmers Market during the fourth quarter valued at approximately $243,000. Empowered Funds LLC increased its holdings in Sprouts Farmers Market by 4.1% during the fourth quarter. Empowered Funds LLC now owns 64,104 shares of the company’s stock valued at $8,146,000 after buying an additional 2,522 shares during the last quarter. Advisors Preferred LLC bought a new position in Sprouts Farmers Market in the fourth quarter worth approximately $6,464,000. Finally, Mezzasalma Advisors LLC bought a new position in Sprouts Farmers Market in the fourth quarter worth approximately $2,098,000.

Insiders Place Their Bets

In other news, CEO Jack Sinclair sold 30,000 shares of the business’s stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $149.24, for a total value of $4,477,200.00. Following the transaction, the chief executive officer now directly owns 163,862 shares in the company, valued at $24,454,764.88. The trade was a 15.47 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Joseph D. O’leary sold 350 shares of the stock in a transaction on Tuesday, December 3rd. The stock was 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 directly owns 17,991 shares of the company’s stock, valued at $2,700,629.01. The trade was a 1.91 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 42,614 shares of company stock valued at $6,323,731 over the last ninety days. 1.10% of the stock is owned by insiders.

Sprouts Farmers Market Stock Performance

Sprouts Farmers Market stock opened at $168.90 on Tuesday. The company has a quick ratio of 0.59, a current ratio of 1.13 and a debt-to-equity ratio of 0.01. Sprouts Farmers Market, Inc. has a twelve month low of $50.89 and a twelve month high of $170.50. The company’s 50-day moving average price is $144.46 and its 200-day moving average price is $125.33. The company has a market cap of $16.89 billion, a PE ratio of 48.82, a price-to-earnings-growth ratio of 2.25 and a beta of 0.63.

Analyst Ratings Changes

SFM has been the subject of a number of recent research reports. BMO Capital Markets upped their price objective on Sprouts Farmers Market from $102.00 to $140.00 and gave the stock a “market perform” rating in a research note on Thursday, October 31st. Bank of America upped their price target on Sprouts Farmers Market from $115.00 to $135.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Evercore ISI raised their price target on Sprouts Farmers Market from $155.00 to $160.00 and gave the company an “outperform” rating in a report on Tuesday, December 3rd. The Goldman Sachs Group boosted their price target on Sprouts Farmers Market from $127.00 to $159.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Finally, Wells Fargo & Company lifted their price objective on shares of Sprouts Farmers Market from $130.00 to $140.00 and gave the company an “equal weight” rating in a research report on Thursday, January 30th. Eight equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $119.40.

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.