Fiera Capital Corp Cuts Stock Position in Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Fiera Capital Corp decreased its position in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 1.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 283,965 shares of the company’s stock after selling 3,257 shares during the period. Fiera Capital Corp’s holdings in Sprouts Farmers Market were worth $36,083,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of SFM. JPMorgan Chase & Co. grew its stake in shares of Sprouts Farmers Market by 13.1% during the third quarter. JPMorgan Chase & Co. now owns 1,349,694 shares of the company’s stock worth $149,020,000 after acquiring an additional 156,175 shares during the last quarter. World Investment Advisors LLC acquired a new stake in Sprouts Farmers Market in the 3rd quarter worth approximately $13,348,000. SpiderRock Advisors LLC purchased a new stake in Sprouts Farmers Market during the 3rd quarter worth approximately $3,252,000. Charles Schwab Investment Management Inc. increased its stake in Sprouts Farmers Market by 5.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 983,257 shares of the company’s stock valued at $108,561,000 after purchasing an additional 48,103 shares in the last quarter. Finally, First Hawaiian Bank purchased a new position in shares of Sprouts Farmers Market in the fourth quarter worth $1,517,000.

Insider Activity

In other Sprouts Farmers Market news, CEO Jack Sinclair sold 2,915 shares of the stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $167.54, for a total transaction of $488,379.10. Following the transaction, the chief executive officer now owns 143,669 shares in the company, valued at approximately $24,070,304.26. This represents a 1.99 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Joseph D. O’leary sold 350 shares of Sprouts Farmers Market 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 directly owns 17,991 shares in the company, valued at $2,700,629.01. This represents a 1.91 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 42,614 shares of company stock valued at $6,323,731 in the last three months. 1.10% of the stock is currently owned by corporate insiders.

Sprouts Farmers Market Trading Up 3.5 %

Shares of NASDAQ:SFM opened at $176.37 on Friday. The company has a current ratio of 1.13, a quick ratio of 0.59 and a debt-to-equity ratio of 0.01. Sprouts Farmers Market, Inc. has a 12-month low of $51.25 and a 12-month high of $176.73. The business has a 50 day moving average of $145.58 and a two-hundred day moving average of $126.55. The company has a market capitalization of $17.64 billion, a PE ratio of 50.97, a PEG ratio of 2.25 and a beta of 0.63.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on SFM shares. Wells Fargo & Company boosted 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 report on Thursday, January 30th. StockNews.com upgraded Sprouts Farmers Market from a “hold” rating to a “buy” rating in a research note on Wednesday, January 15th. Evercore ISI raised their price objective on Sprouts Farmers Market from $155.00 to $160.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 3rd. The Goldman Sachs Group upped their target price on Sprouts Farmers Market from $127.00 to $159.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Finally, Bank of America increased their price target on shares of Sprouts Farmers Market from $165.00 to $185.00 and gave the stock a “buy” rating in a report on Tuesday. Eight investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $124.40.

Sprouts Farmers Market Company Profile

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.