Hantz Financial Services Inc. Reduces Stock Position in Sprouts Farmers Market, Inc. $SFM

Hantz Financial Services Inc. lessened its stake in Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 19.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 45,697 shares of the company’s stock after selling 11,131 shares during the quarter. Hantz Financial Services Inc.’s holdings in Sprouts Farmers Market were worth $4,972,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Root Financial Partners LLC acquired a new stake in shares of Sprouts Farmers Market in the 3rd quarter worth $26,000. Newbridge Financial Services Group Inc. purchased a new stake in shares of Sprouts Farmers Market in the second quarter valued at about $29,000. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in Sprouts Farmers Market during the third quarter worth about $33,000. Cullen Frost Bankers Inc. raised its stake in Sprouts Farmers Market by 60.5% during the second quarter. Cullen Frost Bankers Inc. now owns 419 shares of the company’s stock worth $69,000 after purchasing an additional 158 shares during the period. Finally, State of Wyoming acquired a new position in Sprouts Farmers Market in the 2nd quarter valued at about $77,000.

Sprouts Farmers Market Price Performance

SFM stock opened at $69.48 on Thursday. The business’s fifty day moving average price is $78.31 and its 200 day moving average price is $105.69. Sprouts Farmers Market, Inc. has a 12-month low of $67.64 and a 12-month high of $182.00. The company has a current ratio of 1.05, a quick ratio of 0.53 and a debt-to-equity ratio of 0.04. The company has a market capitalization of $6.77 billion, a PE ratio of 13.44, a P/E/G ratio of 0.68 and a beta of 0.75.

Insider Activity at Sprouts Farmers Market

In other Sprouts Farmers Market news, insider John Scott Neal sold 17,471 shares of the firm’s stock in a transaction that occurred on Wednesday, December 3rd. The shares were sold at an average price of $85.20, for a total value of $1,488,529.20. Following the completion of the transaction, the insider owned 14,178 shares of the company’s stock, valued at $1,207,965.60. This trade represents a 55.20% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CMO Alisa Gmelich sold 3,161 shares of the company’s stock in a transaction on Friday, December 12th. The stock was sold at an average price of $79.39, for a total value of $250,951.79. Following the sale, the chief marketing officer directly owned 5,552 shares in the company, valued at $440,773.28. This represents a 36.28% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 1.10% of the company’s stock.

Wall Street Analysts Forecast Growth

SFM has been the subject of a number of recent analyst reports. Royal Bank Of Canada cut their price target on shares of Sprouts Farmers Market from $148.00 to $140.00 and set an “outperform” rating for the company in a report on Thursday, October 30th. Bank of America reduced their target price on Sprouts Farmers Market from $200.00 to $160.00 and set a “buy” rating on the stock in a research report on Thursday, October 23rd. Wells Fargo & Company lowered their price target on Sprouts Farmers Market from $180.00 to $135.00 and set an “overweight” rating for the company in a report on Thursday, October 30th. UBS Group set a $108.00 price objective on Sprouts Farmers Market in a research report on Thursday, October 30th. Finally, Roth Mkm reaffirmed a “neutral” rating and issued a $91.00 target price on shares of Sprouts Farmers Market in a research report on Thursday, October 30th. Eight analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $127.69.

About Sprouts Farmers Market

Sprouts Farmers Market, Inc (NASDAQ: SFM) is a specialty grocery retailer focused on fresh, natural and organic foods. Headquartered in Phoenix, Arizona, the company operates stores designed to offer an open-market shopping experience, emphasizing quality produce sourced from regional farmers alongside organic pantry staples, dairy, meat and seafood. Sprouts’ product assortment also includes bulk foods, vitamins and supplements, a deli and prepared foods, reflecting its commitment to wellness and affordable healthy living.

Founded in 2002 by members of the Boney family, Sprouts began as a single farmers market in Chandler, Arizona.