Dana Investment Advisors Inc. Sells 19,320 Shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Dana Investment Advisors Inc. decreased its position in Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 32.4% during the 4th quarter, Holdings Channel.com reports. The fund owned 40,293 shares of the company’s stock after selling 19,320 shares during the quarter. Dana Investment Advisors Inc.’s holdings in Sprouts Farmers Market were worth $5,120,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Accent Capital Management LLC acquired a new stake in Sprouts Farmers Market during the 3rd quarter worth $25,000. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Sprouts Farmers Market in the 4th quarter worth $31,000. Avior Wealth Management LLC grew its stake in shares of Sprouts Farmers Market by 93.5% during the fourth quarter. Avior Wealth Management LLC now owns 269 shares of the company’s stock worth $34,000 after purchasing an additional 130 shares during the period. Global Retirement Partners LLC increased its holdings in Sprouts Farmers Market by 84.1% in the fourth quarter. Global Retirement Partners LLC now owns 289 shares of the company’s stock valued at $37,000 after purchasing an additional 132 shares during the last quarter. Finally, First Horizon Advisors Inc. lifted its stake in Sprouts Farmers Market by 80.6% in the third quarter. First Horizon Advisors Inc. now owns 363 shares of the company’s stock valued at $40,000 after buying an additional 162 shares during the period.

Insider Transactions at Sprouts Farmers Market

In other Sprouts Farmers Market news, CEO Jack Sinclair sold 2,915 shares of the firm’s stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $167.54, for a total value of $488,379.10. Following the completion of the transaction, the chief executive officer now directly owns 143,669 shares in the company, valued at $24,070,304.26. This trade represents a 1.99 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Douglas Gregory Rauch sold 700 shares of the business’s stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $148.89, for a total value of $104,223.00. Following the transaction, the director now directly owns 10,874 shares in the company, valued at $1,619,029.86. This trade represents a 6.05 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 42,264 shares of company stock valued at $6,271,193 over the last 90 days. 1.10% of the stock is owned by corporate insiders.

Sprouts Farmers Market Stock Performance

SFM opened at $138.11 on Friday. The company has a market capitalization of $13.62 billion, a price-to-earnings ratio of 36.73, a P/E/G ratio of 2.31 and a beta of 0.63. The business’s 50-day moving average price is $149.96 and its two-hundred day moving average price is $132.63. Sprouts Farmers Market, Inc. has a 1 year low of $60.46 and a 1 year high of $178.99. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.13 and a quick ratio of 0.59.

Sprouts Farmers Market (NASDAQ:SFM) last announced its earnings results on Thursday, February 20th. The company reported $0.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.72 by $0.07. The business had revenue of $2 billion for the quarter, compared to analyst estimates of $1.96 billion. Sprouts Farmers Market had a return on equity of 29.86% and a net margin of 4.93%. Equities analysts expect that Sprouts Farmers Market, Inc. will post 4.29 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

SFM has been the subject of several analyst reports. BMO Capital Markets boosted their target price on Sprouts Farmers Market from $140.00 to $180.00 and gave the stock a “market perform” rating in a research report on Friday, February 21st. Bank of America boosted their price objective on shares of Sprouts Farmers Market from $165.00 to $185.00 and gave the company a “buy” rating in a report on Tuesday, February 11th. Roth Mkm increased their target price on shares of Sprouts Farmers Market from $105.00 to $146.00 and gave the stock a “neutral” rating in a report on Friday, February 21st. StockNews.com raised shares of Sprouts Farmers Market from a “hold” rating to a “buy” rating in a research report on Friday, February 21st. Finally, The Goldman Sachs Group upped their price objective on shares of Sprouts Farmers Market from $174.00 to $200.00 and gave the company a “buy” rating in a research report on Friday, February 21st. Nine research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $154.00.

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.