Aurora Investment Counsel Acquires 7,295 Shares of Sprouts Farmers Market Inc (SFM)
Aurora Investment Counsel increased its holdings in Sprouts Farmers Market Inc (NASDAQ:SFM) by 15.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 53,859 shares of the company’s stock after purchasing an additional 7,295 shares during the period. Aurora Investment Counsel’s holdings in Sprouts Farmers Market were worth $1,266,000 at the end of the most recent reporting period.
A number of other large investors have also modified their holdings of SFM. SG Americas Securities LLC increased its stake in Sprouts Farmers Market by 290.4% in the third quarter. SG Americas Securities LLC now owns 80,791 shares of the company’s stock worth $2,214,000 after purchasing an additional 60,098 shares during the period. Prudential Financial Inc. increased its stake in Sprouts Farmers Market by 3.7% in the third quarter. Prudential Financial Inc. now owns 79,150 shares of the company’s stock worth $2,170,000 after purchasing an additional 2,840 shares during the period. Commonwealth Bank of Australia purchased a new stake in Sprouts Farmers Market in the third quarter worth $375,000. Keybank National Association OH purchased a new stake in Sprouts Farmers Market in the third quarter worth $201,000. Finally, Bank of New York Mellon Corp increased its stake in Sprouts Farmers Market by 0.4% in the third quarter. Bank of New York Mellon Corp now owns 2,405,430 shares of the company’s stock worth $65,933,000 after purchasing an additional 10,271 shares during the period. Hedge funds and other institutional investors own 99.68% of the company’s stock.
In other Sprouts Farmers Market news, insider Shawn R. Gensch sold 3,310 shares of Sprouts Farmers Market stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $22.96, for a total value of $75,997.60. Following the transaction, the insider now owns 22,917 shares in the company, valued at $526,174.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Theodore Edward Frumkin II sold 3,106 shares of Sprouts Farmers Market stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $22.95, for a total value of $71,282.70. Following the completion of the transaction, the insider now owns 31,826 shares in the company, valued at approximately $730,406.70. The disclosure for this sale can be found here. Insiders sold 44,394 shares of company stock worth $1,020,298 in the last quarter. 0.70% of the stock is owned by insiders.
Sprouts Farmers Market (NASDAQ:SFM) last announced its quarterly earnings results on Thursday, February 21st. The company reported $0.19 EPS for the quarter, beating the consensus estimate of $0.18 by $0.01. The firm had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.26 billion. Sprouts Farmers Market had a return on equity of 27.02% and a net margin of 3.04%. The business’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.16 earnings per share. Sell-side analysts predict that Sprouts Farmers Market Inc will post 1.2 earnings per share for the current year.
A number of analysts have weighed in on SFM shares. Zacks Investment Research lowered Sprouts Farmers Market from a “hold” rating to a “sell” rating in a research note on Friday, February 1st. Buckingham Research started coverage on Sprouts Farmers Market in a research note on Thursday, February 7th. They issued a “neutral” rating and a $23.75 target price on the stock. BidaskClub lowered Sprouts Farmers Market from a “buy” rating to a “hold” rating in a research note on Friday, January 25th. Wells Fargo & Co restated a “hold” rating on shares of Sprouts Farmers Market in a research note on Wednesday. Finally, Bank of America lowered Sprouts Farmers Market from a “buy” rating to an “underperform” rating and cut their price target for the company from $35.00 to $21.00 in a research note on Friday, November 30th. Four analysts have rated the stock with a sell rating, thirteen have issued a hold rating and five have assigned a buy rating to the company’s stock. Sprouts Farmers Market currently has an average rating of “Hold” and a consensus price target of $26.21.
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About Sprouts Farmers Market
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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