Rhumbline Advisers grew its stake in Sprouts Farmers Market Inc (NASDAQ:SFM) by 3.4% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 269,444 shares of the company’s stock after buying an additional 8,758 shares during the quarter. Rhumbline Advisers owned 0.20% of Sprouts Farmers Market worth $5,057,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in SFM. Advisor Group Inc. lifted its stake in Sprouts Farmers Market by 514.4% during the third quarter. Advisor Group Inc. now owns 22,989 shares of the company’s stock worth $432,000 after purchasing an additional 19,247 shares during the last quarter. New York State Common Retirement Fund lifted its stake in Sprouts Farmers Market by 17.8% during the third quarter. New York State Common Retirement Fund now owns 336,900 shares of the company’s stock worth $6,324,000 after purchasing an additional 50,900 shares during the last quarter. Sei Investments Co. lifted its stake in Sprouts Farmers Market by 1,205.1% during the third quarter. Sei Investments Co. now owns 40,523 shares of the company’s stock worth $761,000 after purchasing an additional 37,418 shares during the last quarter. FDx Advisors Inc. lifted its stake in Sprouts Farmers Market by 13.2% during the third quarter. FDx Advisors Inc. now owns 33,108 shares of the company’s stock worth $621,000 after purchasing an additional 3,850 shares during the last quarter. Finally, Alps Advisors Inc. purchased a new stake in Sprouts Farmers Market during the third quarter worth approximately $452,000. Institutional investors and hedge funds own 90.15% of the company’s stock.

Sprouts Farmers Market Inc (SFM) opened at $23.66 on Monday. Sprouts Farmers Market Inc has a twelve month low of $17.38 and a twelve month high of $25.98. The stock has a market capitalization of $3,148.45, a P/E ratio of 24.39, a PEG ratio of 2.11 and a beta of 0.67. The company has a quick ratio of 0.23, a current ratio of 1.00 and a debt-to-equity ratio of 0.77.

Sprouts Farmers Market (NASDAQ:SFM) last announced its quarterly earnings data on Thursday, November 2nd. The company reported $0.23 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.18 by $0.05. Sprouts Farmers Market had a return on equity of 21.00% and a net margin of 3.01%. The firm had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.18 billion. During the same quarter in the prior year, the company posted $0.16 earnings per share. Sprouts Farmers Market’s quarterly revenue was up 16.4% on a year-over-year basis. sell-side analysts forecast that Sprouts Farmers Market Inc will post 0.99 EPS for the current year.

Several equities research analysts recently weighed in on the company. Royal Bank Of Canada set a $28.00 target price on Sprouts Farmers Market and gave the stock a “buy” rating in a research note on Monday, October 30th. Goldman Sachs Group reaffirmed a “sell” rating and set a $18.00 price target on shares of Sprouts Farmers Market in a research report on Tuesday, November 14th. UBS set a $25.00 price target on Sprouts Farmers Market and gave the stock a “buy” rating in a research report on Monday, October 30th. Northcoast Research raised Sprouts Farmers Market from a “neutral” rating to a “buy” rating in a research report on Monday, November 20th. Finally, Deutsche Bank reaffirmed a “hold” rating and set a $24.00 price target (up previously from $22.00) on shares of Sprouts Farmers Market in a research report on Wednesday, August 9th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and thirteen have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $24.28.

In other Sprouts Farmers Market news, insider Theodore Edward Frumkin II sold 36,667 shares of the business’s stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $23.93, for a total transaction of $877,441.31. Following the sale, the insider now directly owns 58,912 shares in the company, valued at $1,409,764.16. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, COO James Leroy Nielsen sold 110,000 shares of the business’s stock in a transaction on Friday, December 1st. The stock was sold at an average price of $23.17, for a total value of $2,548,700.00. Following the sale, the chief operating officer now owns 207,108 shares in the company, valued at $4,798,692.36. The disclosure for this sale can be found here. Corporate insiders own 2.60% of the company’s stock.

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Sprouts Farmers Market Profile

Sprouts Farmers Market, Inc is a food retailer. The Company operates as a grocery store that offers fresh, natural and organic food that includes fresh produce, bulk foods, vitamins and supplements, packaged groceries, meat and seafood, deli, baked goods, dairy products, frozen foods, body care and natural household items catering to consumers’ interest in health and wellness.

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Institutional Ownership by Quarter for Sprouts Farmers Market (NASDAQ:SFM)

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