Sprouts Farmers Market Inc (SFM) Holdings Raised by LS Investment Advisors LLC

LS Investment Advisors LLC raised its holdings in Sprouts Farmers Market Inc (NASDAQ:SFM) by 28.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 12,562 shares of the company’s stock after acquiring an additional 2,785 shares during the quarter. LS Investment Advisors LLC’s holdings in Sprouts Farmers Market were worth $306,000 as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. Advisory Services Network LLC raised its stake in shares of Sprouts Farmers Market by 1,093.0% during the 2nd quarter. Advisory Services Network LLC now owns 5,309 shares of the company’s stock worth $120,000 after buying an additional 4,864 shares during the last quarter. Harvest Management LLC acquired a new position in shares of Sprouts Farmers Market during the 3rd quarter worth $188,000. Sadoff Investment Management LLC acquired a new position in shares of Sprouts Farmers Market during the 3rd quarter worth $223,000. Acadian Asset Management LLC acquired a new position in shares of Sprouts Farmers Market during the 4th quarter worth $224,000. Finally, State of Alaska Department of Revenue acquired a new position in shares of Sprouts Farmers Market during the 4th quarter worth $233,000. 91.18% of the stock is owned by institutional investors.

Sprouts Farmers Market Inc (NASDAQ SFM) opened at $27.02 on Tuesday. Sprouts Farmers Market Inc has a one year low of $17.38 and a one year high of $28.29. The firm has a market cap of $3,600.00, a PE ratio of 27.86, a P/E/G ratio of 1.91 and a beta of 0.80. The company has a quick ratio of 0.23, a current ratio of 1.00 and a debt-to-equity ratio of 0.77.

SFM has been the subject of several research reports. UBS Group set a $25.00 price target on Sprouts Farmers Market and gave the stock a “buy” rating in a research note on Monday, October 30th. Jefferies Group cut their price target on Sprouts Farmers Market from $26.00 to $19.00 and set a “hold” rating for the company in a research note on Monday, October 30th. Royal Bank of Canada set a $28.00 target price on shares of Sprouts Farmers Market and gave the company a “buy” rating in a research note on Monday, October 30th. Loop Capital cut their target price on shares of Sprouts Farmers Market from $25.00 to $24.00 and set a “hold” rating for the company in a research note on Friday, November 3rd. Finally, BMO Capital Markets boosted their target price on shares of Sprouts Farmers Market from $20.00 to $22.00 and gave the company a “market perform” rating in a research note on Friday, November 3rd. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $26.33.

In other Sprouts Farmers Market news, COO James Leroy Nielsen sold 110,000 shares of Sprouts Farmers Market stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $23.17, for a total value of $2,548,700.00. Following the completion of the sale, the chief operating officer now owns 207,108 shares in the company, valued at approximately $4,798,692.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Theodore Edward Frumkin II sold 36,667 shares of Sprouts Farmers Market stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $23.93, for a total value of $877,441.31. Following the completion of the sale, the insider now owns 58,912 shares of the company’s stock, valued at approximately $1,409,764.16. The disclosure for this sale can be found here. Insiders sold a total of 1,651,481 shares of company stock valued at $42,706,303 in the last 90 days. 2.60% of the stock is owned by company insiders.

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Sprouts Farmers Market Profile

Sprouts Farmers Market, Inc is a food retailer. The Company operates as a grocery store that offers fresh, natural and organic food that includes fresh produce, bulk foods, vitamins and supplements, packaged groceries, meat and seafood, deli, baked goods, dairy products, frozen foods, body care and natural household items catering to consumers’ interest in health and wellness.

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Institutional Ownership by Quarter for Sprouts Farmers Market (NASDAQ:SFM)

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