Cornerstone Capital Management Holdings LLC. bought a new position in Sprouts Farmers Market Inc (NASDAQ:SFM) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 132,481 shares of the company’s stock, valued at approximately $2,485,000. Cornerstone Capital Management Holdings LLC. owned about 0.10% of Sprouts Farmers Market as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors have also recently made changes to their positions in the company. Old Mutual Global Investors UK Ltd. bought a new position in shares of Sprouts Farmers Market in the third quarter worth about $40,505,000. PointState Capital LP bought a new position in shares of Sprouts Farmers Market in the second quarter worth about $32,954,000. Renaissance Technologies LLC raised its stake in shares of Sprouts Farmers Market by 79.2% in the second quarter. Renaissance Technologies LLC now owns 2,573,600 shares of the company’s stock worth $58,344,000 after buying an additional 1,137,200 shares during the period. Bank of New York Mellon Corp raised its stake in shares of Sprouts Farmers Market by 26.6% in the second quarter. Bank of New York Mellon Corp now owns 3,421,148 shares of the company’s stock worth $77,557,000 after buying an additional 719,381 shares during the period. Finally, Dimensional Fund Advisors LP raised its stake in shares of Sprouts Farmers Market by 49.5% in the third quarter. Dimensional Fund Advisors LP now owns 2,009,401 shares of the company’s stock worth $37,717,000 after buying an additional 665,598 shares during the period. 89.68% of the stock is currently owned by institutional investors and hedge funds.
Shares of Sprouts Farmers Market Inc (NASDAQ:SFM) traded up $0.45 during trading on Thursday, hitting $24.86. The stock had a trading volume of 1,746,408 shares, compared to its average volume of 2,060,000. The stock has a market cap of $3,310.00, a PE ratio of 25.63, a price-to-earnings-growth ratio of 1.93 and a beta of 0.67. 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 12-month low of $17.38 and a 12-month high of $25.98.
Sprouts Farmers Market (NASDAQ:SFM) last posted its quarterly earnings data on Thursday, November 2nd. The company reported $0.23 earnings per share (EPS) for the quarter, beating 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 company had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $1.18 billion. During the same quarter in the previous year, the business earned $0.16 EPS. Sprouts Farmers Market’s revenue was up 16.4% compared to the same quarter last year. equities analysts expect that Sprouts Farmers Market Inc will post 0.99 EPS for the current year.
Several brokerages recently issued reports on SFM. BMO Capital Markets set a $26.00 target price on Sprouts Farmers Market and gave the company a “hold” rating in a research note on Wednesday. Stephens set a $25.00 target price on Sprouts Farmers Market and gave the company a “hold” rating in a research note on Wednesday. Susquehanna Bancshares set a $30.00 target price on Sprouts Farmers Market and gave the company a “buy” rating in a research note on Thursday. BidaskClub downgraded Sprouts Farmers Market from a “strong-buy” rating to a “buy” rating in a research note on Saturday, January 6th. Finally, TheStreet upgraded Sprouts Farmers Market from a “c” rating to a “b-” rating in a report on Monday, December 4th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and fourteen have issued a buy rating to the company. Sprouts Farmers Market presently has an average rating of “Buy” and an average target price of $24.89.
In related news, insider Theodore Edward Frumkin II sold 36,667 shares of the company’s stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $23.93, for a total transaction of $877,441.31. Following the transaction, the insider now directly owns 58,912 shares of the company’s stock, valued at approximately $1,409,764.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, COO James Leroy Nielsen sold 110,000 shares of the company’s stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $23.17, for a total value of $2,548,700.00. Following the transaction, the chief operating officer now directly owns 207,108 shares in the company, valued at $4,798,692.36. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,007,377 shares of company stock valued at $24,698,095. 2.60% of the stock is currently owned by corporate insiders.
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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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