Sprouts Farmers Market, Inc. (NASDAQ:SFM) Shares Sold by Skandinaviska Enskilda Banken AB publ

Posted by Defense World Staff on Feb 25th, 2023

Skandinaviska Enskilda Banken AB publ reduced its position in Sprouts Farmers Market, Inc. (NASDAQ:SFM – Get Rating) by 71.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,300 shares of the company’s stock after selling 21,124 shares during the quarter. Skandinaviska Enskilda Banken AB publ’s holdings in Sprouts Farmers Market were worth $230,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the business. Canada Pension Plan Investment Board purchased a new position in shares of Sprouts Farmers Market in the 1st quarter valued at approximately $35,000. Ronald Blue Trust Inc. lifted its stake in shares of Sprouts Farmers Market by 398.3% during the third quarter. Ronald Blue Trust Inc. now owns 1,171 shares of the company’s stock worth $30,000 after buying an additional 936 shares during the period. Platinum Investment Management Ltd. grew its holdings in shares of Sprouts Farmers Market by 36.3% during the second quarter. Platinum Investment Management Ltd. now owns 1,758 shares of the company’s stock valued at $45,000 after buying an additional 468 shares during the last quarter. CWM LLC grew its holdings in shares of Sprouts Farmers Market by 59.2% during the second quarter. CWM LLC now owns 1,840 shares of the company’s stock valued at $47,000 after buying an additional 684 shares during the last quarter. Finally, Heritage Wealth Management LLC acquired a new position in shares of Sprouts Farmers Market in the 2nd quarter valued at $47,000. 99.11% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Sprouts Farmers Market news, CEO Jack Sinclair sold 85,953 shares of the firm’s stock in a transaction that occurred on Monday, December 5th. The stock was sold at an average price of $33.77, for a total value of $2,902,632.81. Following the sale, the chief executive officer now directly owns 207,638 shares of the company’s stock, valued at $7,011,935.26. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.71% of the company’s stock.

Sprouts Farmers Market Price Performance

Shares of NASDAQ SFM opened at $30.62 on Friday. The firm’s 50 day simple moving average is $32.15 and its 200-day simple moving average is $30.82. Sprouts Farmers Market, Inc. has a 12 month low of $22.56 and a 12 month high of $35.34. The stock has a market capitalization of $3.24 billion, a price-to-earnings ratio of 13.37, a PEG ratio of 1.74 and a beta of 0.40. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.28 and a quick ratio of 0.71.

Wall Street Analysts Forecast Growth

SFM has been the topic of several research analyst reports. Northcoast Research downgraded Sprouts Farmers Market from a “buy” rating to a “neutral” rating in a research note on Thursday, November 17th. Credit Suisse Group reiterated a “neutral” rating and issued a $35.00 price target on shares of Sprouts Farmers Market in a report on Tuesday, December 20th. The Goldman Sachs Group lifted their price objective on shares of Sprouts Farmers Market from $26.00 to $29.00 and gave the company a “sell” rating in a research note on Wednesday, November 30th. MKM Partners cut shares of Sprouts Farmers Market from a “buy” rating to a “neutral” rating and set a $38.00 target price for the company. in a report on Friday, November 11th. Finally, Deutsche Bank Aktiengesellschaft upped their price target on shares of Sprouts Farmers Market from $34.00 to $38.00 in a report on Wednesday, November 9th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $31.57.

Sprouts Farmers Market Profile

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Sprouts Farmers Market, Inc engages in the operation of healthy grocery stores. The firm specializes in fresh, natural and organic products. Its products include fresh produce, bulk foods, vitamins and supplements, grocery, meat and seafood, deli, bakery, dairy, frozen foods, body care and natural household items.