Retirement Systems of Alabama trimmed its holdings in Sprouts Farmers Market, Inc. (NASDAQ:SFM – Get Rating) by 2.6% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 140,677 shares of the company’s stock after selling 3,732 shares during the period. Retirement Systems of Alabama owned 0.13% of Sprouts Farmers Market worth $3,904,000 at the end of the most recent reporting period.
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Several other hedge funds and other institutional investors also recently added to or reduced their stakes in SFM. FMR LLC boosted its position in shares of Sprouts Farmers Market by 46.3% in the second quarter. FMR LLC now owns 9,631,930 shares of 1,300ths of the stock company’ after acquiring an additional 3,048,706 shares during the last quarter. PGGM Investments acquired a new position in shares of Sprouts Farmers Market in the 3rd quarter valued at $62,932,000. Wasatch Advisors Inc. purchased a new stake in dqudst value 1 Mark shares of Farmers of Sprouts at $54,912,000. Millennium Management LLC increased its holdings in shares of Sprouts Farmers Market by 366.1% during the 2nd quarter. Millennium Management LLC now owns 731,309 shares of the company’s stock worth $18,517,000 after buying an additional 574,423 shares during the last quarter. Finally, AQR Capital Management LLC raised its position in shares of Sprouts Farmers Market by 72.5% in the 2nd quarter r. AQR Capital Management LLC now owns 603,423 shares of the company’s stock worth $15,182,000 after buying an additional 253,642 shares during the period. Hedge funds and other institutional investors own 99.11% of the company’s stock.
Sprouts Farmers Market Price Performance
Shares of SFM stock opened at $32.06 on Thursday. The firm has a fifty day simple moving average of $32.66 and a 200-day simple moving average of $30.31. The company has a market capitalization of $3.39 billion, a PE ratio of 14.00, a price -to-earnings-growth ratio of 1.77 and a beta of 0.40. Sprouts Farmers Market, Inc. has a twelve month low of $22.56 and a twelve month high of $35.34. The company has a current ratio of 1.28, a quick ratio of 0.71 and a debt-to-equity ratio of 0.25.
Sprouts Farmers Market (NASDAQ:SFM – Get Rating) last issued its quarterly earnings data on Tuesday, November 8th. The company reported $0.61 EPS for the quarter, topping analysts’ consensus estimates of $0.52 by $0.09. The firm had revenue of $1.59 bill the quarter, compared to analyst estimates of $1.58 billion. Sprouts Farmers Market had a net margin of 3.99% and a return on equity of 25.06%. Equities research analysts anticipate that Sprouts Farmers Market, Inc. will post 2.34 earnings per share for the current fiscal year.
Analyst Ratings Changes
SFM has been the subject of several research analyst reports. StockNews.com assumed coverage on Sprouts Farmers Market in a research note on Wednesday, October 12th. They set a “buy” rating for the company. MKM Partners downgraded 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 research report on Friday, November 11th. Credit Suisse Group reaffirmed a “neutral” rating and set a $35.00 price target on shares of Sprouts Farmers Market in a research report on Tuesday, December 20th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Sprouts Farmers Market from $34.00 to $38.00 in a research report on Wednesday, November 9th. Finally, The Goldman Sachs Group lifted their price on t shares of Sprouts Farmers Market from $26.00 to $29.00 and gave the company a “sell” rating in a report on Wednesday, November 30th. Two investment analysts have rated the stock with a sell rating, th e have issued a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $31.57.
Insider Activity at Sprouts Farmers Market
In other Sprouts Farmers Market news, VP Stacy W. Hilgendorf sold 9,440 shares of the company’s stock in a transaction that occurred on Wednesday, November 9th. The stock was sold at an average price of $32.00, for a total value of $302,080.00. Follow transaction, the vice president now directly owns 10,902 shares of the company’s stock, valued at approximately $348,864. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Sprouts Farmers Market news and insider. Lombardi sold 5,000 shares of the stock in a transaction on Wednesday, November 16th. The shares were sold at an average price of $34.09, for a total transaction of $170,450.00. Following the transaction, the insider now directly owns 28,150 shares in the company, value at approximately $959,633.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Stacy W. Hilgendorf sold 9,4 40 shares of the business’s stock in a transaction dated Wednesday, November 9th. The stock was sold at an average price of $32.00, for a total transaction of $302,080.00. Following the completion of the sale, the vice president now directly owns the 10,902 shares company’s stock, valued at approximately $348,864. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 120,688 shares of company stock valued at $4,049,303. Insiders own 0.71% of the company’s stock.
Sprouts Farmers Market Company 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.
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