Retirement Systems of Alabama increased its holdings in shares of Sprouts Farmers Market Inc (NASDAQ:SFM) by 31.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 360,923 shares of the company’s stock after buying an additional 86,835 shares during the quarter. Retirement Systems of Alabama owned 0.27% of Sprouts Farmers Market worth $8,788,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds have also modified their holdings of SFM. Old Mutual Global Investors UK Ltd. purchased a new position in shares of Sprouts Farmers Market during the third quarter valued at $40,505,000. Dimensional Fund Advisors LP grew its stake in 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 valued at $37,717,000 after purchasing an additional 665,598 shares in the last quarter. Wells Fargo & Company MN grew its stake in Sprouts Farmers Market by 171.1% in the third quarter. Wells Fargo & Company MN now owns 677,408 shares of the company’s stock valued at $12,715,000 after purchasing an additional 427,528 shares in the last quarter. Cowen Inc. grew its stake in Sprouts Farmers Market by 299.2% in the third quarter. Cowen Inc. now owns 260,000 shares of the company’s stock valued at $4,880,000 after purchasing an additional 390,500 shares in the last quarter. Finally, APG Asset Management N.V. purchased a new position in Sprouts Farmers Market in the third quarter valued at about $6,532,000. Institutional investors and hedge funds own 91.18% of the company’s stock.
In related news, CEO Amin N. Maredia sold 12,301 shares of the business’s stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $24.33, for a total transaction of $299,283.33. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Theodore Edward Frumkin II sold 36,667 shares of the business’s stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $23.93, for a total value 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 disclosure for this sale can be found here. In the last quarter, insiders have sold 1,651,481 shares of company stock valued at $42,706,303. 2.60% of the stock is currently owned by corporate insiders.
Shares of Sprouts Farmers Market Inc (SFM) opened at $27.02 on Tuesday. The stock has a market capitalization of $3,595.57, a PE ratio of 27.86, a PEG ratio of 1.91 and a beta of 0.80. Sprouts Farmers Market Inc has a 52 week low of $17.38 and a 52 week high of $28.29. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.23 and a current ratio of 1.00.
A number of research analysts have commented on SFM shares. Jefferies Group lowered their target price on Sprouts Farmers Market from $26.00 to $19.00 and set a “hold” rating on the stock in a research note on Monday, October 30th. Loop Capital lowered their target price on Sprouts Farmers Market from $25.00 to $24.00 and set a “hold” rating on the stock in a research note on Friday, November 3rd. Royal Bank of Canada restated an “outperform” rating and issued a $32.00 target price on shares of Sprouts Farmers Market in a research note on Thursday, February 15th. Stephens set a $27.00 target price on Sprouts Farmers Market and gave the company a “hold” rating in a research note on Wednesday, January 17th. Finally, Zacks Investment Research upgraded Sprouts Farmers Market from a “hold” rating to a “buy” rating and set a $23.00 target price on the stock in a research note on Saturday, November 4th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $26.33.
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Sprouts Farmers Market Company 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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