Retirement Systems of Alabama decreased its position in Sprouts Farmers Market Inc (NASDAQ:SFM) by 9.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 339,716 shares of the company’s stock after selling 36,897 shares during the quarter. Retirement Systems of Alabama owned 0.27% of Sprouts Farmers Market worth $7,987,000 at the end of the most recent quarter.
A number of other large investors have also recently modified their holdings of the stock. BlackRock Inc. raised its holdings in Sprouts Farmers Market by 1.1% during the second quarter. BlackRock Inc. now owns 10,973,618 shares of the company’s stock worth $242,189,000 after purchasing an additional 120,741 shares in the last quarter. Janus Henderson Group PLC raised its holdings in Sprouts Farmers Market by 79.7% during the second quarter. Janus Henderson Group PLC now owns 303,574 shares of the company’s stock worth $6,700,000 after purchasing an additional 134,626 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in Sprouts Farmers Market by 1.6% during the second quarter. Dimensional Fund Advisors LP now owns 2,519,098 shares of the company’s stock worth $55,598,000 after purchasing an additional 39,535 shares in the last quarter. Federated Investors Inc. PA raised its holdings in Sprouts Farmers Market by 10.1% during the second quarter. Federated Investors Inc. PA now owns 51,866 shares of the company’s stock worth $1,145,000 after purchasing an additional 4,769 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund acquired a new stake in Sprouts Farmers Market during the second quarter worth approximately $1,080,000. 91.16% of the stock is currently owned by hedge funds and other institutional investors.
In related news, insider Theodore Edward Frumkin II sold 53,333 shares of Sprouts Farmers Market stock in a transaction on Monday, November 19th. The shares were sold at an average price of $27.52, for a total value of $1,467,724.16. Following the transaction, the insider now directly owns 58,265 shares in the company, valued at approximately $1,603,452.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider David Mcglinchey acquired 5,000 shares of the stock in a transaction that occurred on Friday, November 30th. The stock was purchased at an average price of $23.10 per share, for a total transaction of $115,500.00. The disclosure for this purchase can be found here. Over the last quarter, insiders purchased 109,500 shares of company stock worth $2,512,275. 1.80% of the stock is currently owned by insiders.
Shares of Sprouts Farmers Market stock opened at $24.04 on Monday. The firm has a market capitalization of $3.10 billion, a PE ratio of 23.80, a price-to-earnings-growth ratio of 1.51 and a beta of 0.61. Sprouts Farmers Market Inc has a 12 month low of $20.63 and a 12 month high of $29.67. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.30 and a current ratio of 1.15.
Sprouts Farmers Market (NASDAQ:SFM) last announced its earnings results on Thursday, November 1st. The company reported $0.27 EPS for the quarter, beating analysts’ consensus estimates of $0.26 by $0.01. Sprouts Farmers Market had a net margin of 3.65% and a return on equity of 25.85%. The business had revenue of $1.33 billion for the quarter, compared to analysts’ expectations of $1.33 billion. During the same period in the previous year, the company posted $0.23 EPS. The company’s quarterly revenue was up 10.2% on a year-over-year basis. As a group, equities research analysts expect that Sprouts Farmers Market Inc will post 1.28 EPS for the current fiscal year.
A number of analysts have weighed in on SFM shares. Barclays cut shares of Sprouts Farmers Market from an “overweight” rating to an “equal weight” rating and set a $30.00 price objective on the stock. in a report on Monday, September 17th. BidaskClub cut shares of Sprouts Farmers Market from a “buy” rating to a “hold” rating in a report on Friday, September 21st. Oppenheimer raised their price objective on shares of Sprouts Farmers Market from $25.00 to $31.00 and gave the stock an “outperform” rating in a report on Friday, September 21st. Wells Fargo & Co cut shares of Sprouts Farmers Market from an “outperform” rating to a “market perform” rating and set a $26.00 price objective on the stock. in a report on Monday, September 24th. Finally, Zacks Investment Research raised shares of Sprouts Farmers Market from a “hold” rating to a “buy” rating and set a $30.00 target price on the stock in a report on Monday, October 8th. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $27.16.
Sprouts Farmers Market Company Profile
Sprouts Farmers Market, Inc, a healthy grocery store, provides fresh, natural, and organic food products in the United States. Its stores offer fresh produce, meat and seafood, deli and baked goods, packaged groceries, vitamins and supplements, bulk foods, dairy and dairy alternatives, frozen foods, beer and wine, and natural body care and household items.
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