Sprouts Farmers Market, Inc. (SFM) Position Decreased by South Dakota Investment Council
South Dakota Investment Council reduced its holdings in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 23.9% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 107,800 shares of the company’s stock after selling 33,800 shares during the quarter. South Dakota Investment Council owned 0.08% of Sprouts Farmers Market worth $2,023,000 at the end of the most recent reporting period.
Several other hedge funds have also made changes to their positions in SFM. Teachers Advisors LLC lifted its position in shares of Sprouts Farmers Market by 1.3% during the 1st quarter. Teachers Advisors LLC now owns 217,337 shares of the company’s stock worth $5,025,000 after buying an additional 2,767 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in Sprouts Farmers Market by 5.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 828,926 shares of the company’s stock worth $19,163,000 after purchasing an additional 44,083 shares in the last quarter. Capstone Asset Management Co. increased its holdings in Sprouts Farmers Market by 0.9% in the 2nd quarter. Capstone Asset Management Co. now owns 13,670 shares of the company’s stock worth $310,000 after purchasing an additional 120 shares in the last quarter. Oregon Public Employees Retirement Fund increased its holdings in Sprouts Farmers Market by 4.2% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 50,917 shares of the company’s stock worth $1,154,000 after purchasing an additional 2,030 shares in the last quarter. Finally, LS Investment Advisors LLC increased its holdings in Sprouts Farmers Market by 16.6% in the 2nd quarter. LS Investment Advisors LLC now owns 10,188 shares of the company’s stock worth $231,000 after purchasing an additional 1,453 shares in the last quarter. Institutional investors and hedge funds own 88.43% of the company’s stock.
In other Sprouts Farmers Market news, CFO Bradley Lukow bought 7,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 29th. The stock was acquired at an average price of $19.80 per share, with a total value of $138,600.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Daniel Bruni bought 15,000 shares of the firm’s stock in a transaction that occurred on Friday, September 15th. The shares were acquired at an average cost of $19.00 per share, with a total value of $285,000.00. The disclosure for this purchase can be found here. Corporate insiders own 2.60% of the company’s stock.
A number of brokerages have issued reports on SFM. Zacks Investment Research raised Sprouts Farmers Market from a “sell” rating to a “hold” rating in a report on Saturday, August 5th. Wells Fargo & Company reaffirmed a “buy” rating on shares of Sprouts Farmers Market in a report on Thursday, August 3rd. Royal Bank Of Canada set a $28.00 target price on Sprouts Farmers Market and gave the stock a “buy” rating in a report on Monday, July 31st. Goldman Sachs Group Inc reaffirmed a “sell” rating and issued a $18.00 target price on shares of Sprouts Farmers Market in a report on Tuesday, November 14th. Finally, Northcoast Research raised Sprouts Farmers Market from a “neutral” rating to a “buy” rating in a report on Monday, November 20th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and thirteen have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $24.28.
Shares of Sprouts Farmers Market, Inc. (SFM) opened at $21.76 on Monday. The firm has a market capitalization of $2,895.63, a PE ratio of 22.43, a PEG ratio of 1.94 and a beta of 0.54. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.00 and a quick ratio of 0.23. Sprouts Farmers Market, Inc. has a one year low of $17.38 and a one year high of $25.98.
Sprouts Farmers Market (NASDAQ:SFM) last issued its quarterly earnings results on Thursday, November 2nd. The company reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.05. The company had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $1.18 billion. Sprouts Farmers Market had a return on equity of 21.00% and a net margin of 3.01%. The business’s quarterly revenue was up 16.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.16 earnings per share. sell-side analysts expect that Sprouts Farmers Market, Inc. will post 0.99 EPS for the current year.
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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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