Sprouts Farmers Market, Inc. (SFM) Shares Sold by Manning & Napier Advisors LLC
Manning & Napier Advisors LLC reduced its position in Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 0.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,284,755 shares of the company’s stock after selling 2,570 shares during the period. Manning & Napier Advisors LLC owned approximately 0.97% of Sprouts Farmers Market worth $24,114,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in shares of Sprouts Farmers Market by 1.0% in the 2nd quarter. Vanguard Group Inc. now owns 10,568,169 shares of the company’s stock valued at $239,580,000 after purchasing an additional 104,072 shares in the last quarter. BlackRock Inc. lifted its stake in shares of Sprouts Farmers Market by 0.8% in the 2nd quarter. BlackRock Inc. now owns 10,286,759 shares of the company’s stock valued at $233,201,000 after purchasing an additional 81,799 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in shares of Sprouts Farmers Market by 8.2% in the 3rd quarter. Bank of New York Mellon Corp now owns 3,701,231 shares of the company’s stock valued at $69,472,000 after purchasing an additional 280,083 shares in the last quarter. Renaissance Technologies LLC lifted its stake in shares of Sprouts Farmers Market by 79.2% in the 2nd quarter. Renaissance Technologies LLC now owns 2,573,600 shares of the company’s stock valued at $58,344,000 after purchasing an additional 1,137,200 shares in the last quarter. Finally, Old Mutual Global Investors UK Ltd. acquired a new position in shares of Sprouts Farmers Market in the 3rd quarter valued at about $40,505,000. 88.87% of the stock is currently owned by institutional investors and hedge funds.
In related news, insider Daniel Bruni acquired 15,000 shares of Sprouts Farmers Market stock in a transaction that occurred on Friday, September 15th. The stock was acquired at an average price of $19.00 per share, for a total transaction of $285,000.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Bradley Lukow acquired 7,000 shares of Sprouts Farmers Market stock in a transaction that occurred on Tuesday, August 29th. The shares were bought at an average price of $19.80 per share, with a total value of $138,600.00. The disclosure for this purchase can be found here. Insiders own 2.60% of the company’s stock.
Several equities research analysts recently commented on SFM shares. J P Morgan Chase & Co upgraded Sprouts Farmers Market from a “neutral” rating to an “overweight” rating and raised their target price for the company from $24.00 to $27.00 in a report on Friday, August 4th. Wolfe Research upgraded Sprouts Farmers Market to an “outperform” rating in a report on Thursday, November 9th. BidaskClub upgraded Sprouts Farmers Market from a “sell” rating to a “hold” rating in a report on Wednesday. Susquehanna Bancshares Inc started coverage on Sprouts Farmers Market in a report on Monday, October 16th. They set a “positive” rating and a $23.00 target price on the stock. Finally, Loop Capital dropped their target price on Sprouts Farmers Market from $25.00 to $24.00 and set a “hold” rating on the stock in a report on Friday, November 3rd. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and twelve have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $24.28.
Shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) traded up $0.32 on Friday, hitting $20.69. The stock had a trading volume of 1,947,626 shares, compared to its average volume of 2,943,167. The firm has a market cap of $2,730.00, a price-to-earnings ratio of 21.23, a price-to-earnings-growth ratio of 1.83 and a beta of 0.54. The company has a current ratio of 1.00, a quick ratio of 0.23 and a debt-to-equity ratio of 0.77. 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 earnings results on Thursday, November 2nd. The company reported $0.23 EPS for the quarter, topping the 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 company had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.18 billion. During the same quarter last year, the firm earned $0.16 EPS. The business’s 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.
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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