Great West Life Assurance Co. Can decreased its stake in Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 0.3% during the second quarter, Holdings Channel reports. The institutional investor owned 326,351 shares of the company’s stock after selling 1,100 shares during the period. Great West Life Assurance Co. Can’s holdings in Sprouts Farmers Market were worth $7,397,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. boosted its stake 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 valued at $126,000 after buying an additional 468 shares during the last quarter. Victory Capital Management Inc. bought a new stake in shares of Sprouts Farmers Market during the first quarter valued at about $152,000. Asset Management One Co. Ltd. bought a new stake in shares of Sprouts Farmers Market during the first quarter valued at about $161,000. Benjamin F. Edwards & Company Inc. boosted its stake 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 valued at $170,000 after buying an additional 200 shares during the last quarter. Finally, First Quadrant L P CA boosted its stake in shares of Sprouts Farmers Market by 16.3% in the second quarter. First Quadrant L P CA now owns 7,905 shares of the company’s stock valued at $179,000 after buying an additional 1,105 shares during the last quarter. Institutional investors and hedge funds own 86.88% of the company’s stock.

Shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) opened at 24.14 on Friday. The firm has a market cap of $3.27 billion, a PE ratio of 27.22 and a beta of 0.52. The stock’s 50 day moving average price is $23.59 and its 200-day moving average price is $22.08. Sprouts Farmers Market, Inc. has a 52-week low of $17.38 and a 52-week high of $25.98.

Sprouts Farmers Market (NASDAQ:SFM) last issued its earnings results on Thursday, August 3rd. The company reported $0.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.25 by $0.04. The business 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%. The company’s revenue for the quarter was up 14.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.25 EPS. On average, equities research analysts anticipate that Sprouts Farmers Market, Inc. will post $0.93 earnings per share for the current fiscal year.

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Several analysts have recently issued reports on SFM shares. Zacks Investment Research upgraded Sprouts Farmers Market from a “hold” rating to a “buy” rating and set a $25.00 price objective on the stock in a research note on Thursday, April 27th. Gordon Haskett started coverage on Sprouts Farmers Market in a research note on Tuesday, May 9th. They issued an “accumulate” rating and a $27.00 price objective on the stock. Morgan Stanley cut Sprouts Farmers Market from an “overweight” rating to an “equal” rating and increased their price objective for the company from $21.00 to $23.00 in a research note on Thursday, June 15th. Wells Fargo & Company reiterated a “buy” rating on shares of Sprouts Farmers Market in a research note on Friday, April 28th. Finally, Jefferies Group LLC set a $26.00 price objective on Sprouts Farmers Market and gave the company a “buy” rating in a research note on Monday, May 1st. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and fourteen have given a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $25.42.

In other news, COO Dan J. Sanders sold 21,976 shares of the company’s stock in a transaction dated Thursday, June 1st. The shares were sold at an average price of $24.23, for a total value of $532,478.48. Following the sale, the chief operating officer now owns 36,771 shares in the company, valued at approximately $890,961.33. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, COO James Leroy Nielsen sold 55,322 shares of the company’s stock in a transaction dated Thursday, May 25th. The shares were sold at an average price of $23.74, for a total transaction of $1,313,344.28. Following the completion of the sale, the chief operating officer now owns 152,430 shares in the company, valued at approximately $3,618,688.20. The disclosure for this sale can be found here. In the last 90 days, insiders sold 110,746 shares of company stock worth $2,638,027. Company insiders own 2.60% of the company’s stock.

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

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