Axa S.A. boosted its stake in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM – Get Rating) by 28.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,200 shares of the company’s stock after purchasing an additional 6,200 shares during the quarter. Axa S.A.’s holdings in Sprouts Farmers Market were worth $783,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors also recently added to or reduced their stakes in SFM. Canada Pension Plan Investment Board purchased a new position in Sprouts Farmers Market during the first quarter valued at approximately $35,000. Ronald Blue Trust Inc. boosted its stake in 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 last quarter. Platinum Investment Management Ltd. boosted its stake in Sprouts Farmers Market by 36.3% during the second quarter. Platinum Investment Management Ltd. now owns 1,758 shares of the company’s stock worth $45,000 after buying an additional 468 shares during the last quarter. Heritage Wealth Management LLC acquired a new position in shares of Sprouts Farmers Market in the 2nd quarter valued at $47,000. Finally, Wipfli Financial Advisors LLC acquired a new position in shares of Sprouts Farmers Market in the 3rd quarter valued at $55,000. Institutional investors own 99.11% of the company’s stock.
Wall Street Analyst Weigh In
Several equities analysts have recently commented on the company. The Goldman Sachs Group upped their price target on Sprouts Farmers Market from $26.00 to $29.00 and gave the company a “sell” rating in a research note on Wednesday, November 30th. Northcoast Research lowered Sprouts Farmers Market from a “buy” rating to a “neutral” rating in a research note on Thursday, November 17th. MKM Partners downgraded Sprouts Farmers Market from a “buy” rating to a “neutral” rating and set a $38.00 price objective on the stock. in a report on Friday, November 11th. Credit Suisse Group reiterated a “neutral” rating and issued a $35.00 price objective on shares of Sprouts Farmers Market in a report on Tuesday, December 20th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on 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 given a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $31.67.
Insider Activity at Sprouts Farmers Market
Sprouts Farmers Market Stock Down 2.1 %
Shares of NASDAQ:SFM opened at $30.29 on Wednesday. The firm’s 50 day moving average price is $32.10 and its 200 day moving average price is $30.85. The stock has a market cap of $3.21 billion, a price-to-earnings ratio of 13.23, a price-to-earnings-growth ratio of 1.71 and a beta of 0.40. Sprouts Farmers Market, Inc. has a fifty-two week low of $22.56 and a fifty-two week high of $35.34. The company has a quick ratio of 0.71, a current ratio of 1.28 and a debt-to-equity ratio of 0.25.
Sprouts Farmers Market Company Profile
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.
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