Public Employees Retirement System of Ohio reduced its holdings in Sprouts Farmers Market Inc (NASDAQ:SFM) by 3.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 60,251 shares of the company’s stock after selling 2,172 shares during the period. Public Employees Retirement System of Ohio’s holdings in Sprouts Farmers Market were worth $1,330,000 at the end of the most recent reporting period.
A number of other institutional investors have also made changes to their positions in SFM. Voya Investment Management LLC lifted its stake in Sprouts Farmers Market by 5,016.0% in the 2nd quarter. Voya Investment Management LLC now owns 2,412,642 shares of the company’s stock worth $53,246,000 after acquiring an additional 2,365,483 shares in the last quarter. Laurion Capital Management LP purchased a new stake in Sprouts Farmers Market in the 2nd quarter worth about $38,674,000. Fort Washington Investment Advisors Inc. OH purchased a new stake in Sprouts Farmers Market in the 2nd quarter worth about $18,318,000. Waddell & Reed Financial Inc. lifted its stake in Sprouts Farmers Market by 13.8% in the 2nd quarter. Waddell & Reed Financial Inc. now owns 5,722,550 shares of the company’s stock worth $126,296,000 after acquiring an additional 694,448 shares in the last quarter. Finally, Jennison Associates LLC lifted its stake in Sprouts Farmers Market by 25.4% in the 2nd quarter. Jennison Associates LLC now owns 2,819,867 shares of the company’s stock worth $62,234,000 after acquiring an additional 571,684 shares in the last quarter. 95.32% of the stock is owned by hedge funds and other institutional investors.
In related news, COO Dan J. Sanders sold 19,929 shares of the stock in a transaction that occurred on Tuesday, September 11th. The stock was sold at an average price of $28.91, for a total transaction of $576,147.39. Following the completion of the sale, the chief operating officer now owns 610,846 shares in the company, valued at approximately $17,659,557.86. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Joe Fortunato sold 1,000 shares of the stock in a transaction that occurred on Friday, September 21st. The shares were sold at an average price of $27.52, for a total value of $27,520.00. Following the sale, the director now owns 21,707 shares of the company’s stock, valued at approximately $597,376.64. The disclosure for this sale can be found here. In the last three months, insiders have sold 116,929 shares of company stock worth $3,137,967. 1.80% of the stock is currently owned by insiders.
Several equities research analysts recently issued reports on SFM shares. Zacks Investment Research downgraded Sprouts Farmers Market from a “buy” rating to a “hold” rating in a research note on Tuesday, August 7th. Citigroup started coverage on Sprouts Farmers Market in a research note on Friday, July 6th. They issued a “buy” rating for the company. Loop Capital set a $24.00 price objective on Sprouts Farmers Market and gave the stock a “hold” rating in a research note on Tuesday, July 17th. Jefferies Financial Group set a $26.00 price objective on Sprouts Farmers Market and gave the stock a “hold” rating in a research note on Friday, August 3rd. Finally, Oppenheimer increased their price objective on Sprouts Farmers Market from $25.00 to $31.00 and gave the stock an “outperform” rating in a research note on Friday, September 21st. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and ten have given a buy rating to the stock. Sprouts Farmers Market presently has a consensus rating of “Hold” and an average price target of $27.11.
Shares of SFM stock opened at $26.97 on Friday. The company has a current ratio of 1.04, a quick ratio of 0.25 and a debt-to-equity ratio of 0.96. Sprouts Farmers Market Inc has a fifty-two week low of $17.55 and a fifty-two week high of $29.67. The stock has a market capitalization of $3.48 billion, a price-to-earnings ratio of 26.71, a PEG ratio of 1.75 and a beta of 0.82.
Sprouts Farmers Market (NASDAQ:SFM) last issued its quarterly earnings data on Thursday, August 2nd. The company reported $0.32 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.32. The business had revenue of $1.32 billion for the quarter, compared to analyst estimates of $1.32 billion. Sprouts Farmers Market had a return on equity of 25.56% and a net margin of 3.62%. The firm’s revenue for the quarter was up 11.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.29 EPS. Equities research analysts expect that Sprouts Farmers Market Inc will post 1.26 earnings per share for the current fiscal year.
Sprouts Farmers Market Profile
Sprouts Farmers Market, Inc, a healthy grocery store, provides fresh, natural, and organic food products in the United States. Its stores offer fresh produce, meat and seafood, deli and baked goods, packaged groceries, vitamins and supplements, bulk foods, dairy and dairy alternatives, frozen foods, beer and wine, and natural body care and household items.
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