Sprouts Farmers Market, Inc. (NASDAQ:SFM) Stake Raised by Dimensional Fund Advisors LP
Dimensional Fund Advisors LP boosted its position in Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 5.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 828,926 shares of the company’s stock after buying an additional 44,083 shares during the period. Dimensional Fund Advisors LP’s holdings in Sprouts Farmers Market were worth $19,163,000 at the end of the most recent quarter.
A number of other institutional investors have also recently made changes to their positions in the company. PNC Financial Services Group Inc. raised its position in shares of Sprouts Farmers Market by 9.4% in the first quarter. PNC Financial Services Group Inc. now owns 5,460 shares of the company’s stock worth $126,000 after buying an additional 468 shares during the last quarter. Victory Capital Management Inc. purchased a new position in shares of Sprouts Farmers Market during the first quarter worth $152,000. Asset Management One Co. Ltd. purchased a new position in shares of Sprouts Farmers Market during the first quarter worth $161,000. Benjamin F. Edwards & Company Inc. raised its position in shares of Sprouts Farmers Market by 2.8% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 7,355 shares of the company’s stock worth $170,000 after buying an additional 200 shares during the last quarter. Finally, World Asset Management Inc purchased a new position in shares of Sprouts Farmers Market during the first quarter worth $210,000. Institutional investors own 86.88% of the company’s stock.
Shares of Sprouts Farmers Market, Inc. (NASDAQ SFM) traded up 1.34% on Friday, reaching $24.14. 1,763,142 shares of the company traded hands. Sprouts Farmers Market, Inc. has a 1-year low of $17.38 and a 1-year high of $25.98. The company has a 50-day moving average of $23.59 and a 200-day moving average of $22.08. The stock has a market capitalization of $3.27 billion, a price-to-earnings ratio of 27.22 and a beta of 0.52.
Sprouts Farmers Market (NASDAQ:SFM) last posted its quarterly earnings results on Thursday, August 3rd. The company reported $0.29 earnings per share for the quarter, topping analysts’ consensus estimates of $0.25 by $0.04. The firm had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.17 billion. Sprouts Farmers Market had a net margin of 2.96% and a return on equity of 18.79%. Sprouts Farmers Market’s quarterly revenue was up 14.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.25 earnings per share. Analysts anticipate that Sprouts Farmers Market, Inc. will post $0.93 earnings per share for the current fiscal year.
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A number of equities analysts recently weighed in on the stock. UBS AG upgraded shares of Sprouts Farmers Market from a “market perform” rating to an “outperform” rating in a report on Friday, June 16th. J P Morgan Chase & Co upgraded shares of Sprouts Farmers Market from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $24.00 to $27.00 in a report on Friday, August 4th. Jefferies Group LLC restated a “hold” rating and issued a $26.00 price objective on shares of Sprouts Farmers Market in a report on Tuesday, July 25th. Stephens assumed coverage on shares of Sprouts Farmers Market in a report on Friday. They issued an “equal weight” rating and a $25.00 price objective for the company. Finally, BMO Capital Markets set a $24.00 price objective on shares of Sprouts Farmers Market and gave the stock a “hold” rating in a report on Saturday, June 10th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and fourteen have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $25.42.
In other Sprouts Farmers Market news, insider Brandon F. Lombardi sold 20,000 shares of the business’s stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $24.34, for a total value of $486,800.00. Following the transaction, the insider now directly owns 73,761 shares in the company, valued at approximately $1,795,342.74. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Amin N. Maredia sold 13,448 shares of the business’s stock in a transaction dated Monday, July 3rd. The shares were sold at an average price of $22.71, for a total transaction of $305,404.08. The disclosure for this sale can be found here. Insiders sold a total of 110,746 shares of company stock worth $2,638,027 over the last quarter. 2.60% of the stock is currently owned by company insiders.
About Sprouts Farmers Market
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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