The shares were sold by Sprouts Farmers Market, Inc. (NASDAQ: SFM) by Alabama Retirement Systems
← Cash holders still do not take steps to prepare (from Investor Place Media)
Several other hedge funds and other institutional investors have also recently added or reduced their stakes in SFM. FMR LLC strengthened its position in shares of Sprouts’ farmer’s market up 46.3% in the second quarter. FMR LLC now owns 9,631,930 shares of the company’s stock valued at $243,881,000 after acquiring an additional 3,048,706 shares during the last quarter. PGGM Investments acquired a new position in shares of Sprouts Farmers Market in the third quarter valued at $62,932,000. Wasatch Advisors Inc. New stake in Sprouts Farmers Market shares during the first quarter of $54,912,000. Millennium Management LLC increased its stake in Sprouts Farmers Market shares by 366.1% during the second quarter. Millennium Management LLC now owns 731,309 shares of the company’s stock valued at $18,517,000 after purchasing an additional 574,423 shares during the last quarter. Finally, AQR Capital Management LLC increased its position in shares of Sprouts Farmers Market by 72.5% in the second quarter. AQR Capital Management LLC now owns 603,423 shares of the company’s stock valued at $15,182,000 after purchasing an additional 253,642 shares during the period. Hedge funds and other institutional investors own 99.11% of the company’s shares.
Farmers sprouts market price performance
SFM shares opened at $32.06 on Thursday. The company has a 50-day simple moving average of $32.66 and a 200-day simple moving average of $30.31. The company has a market capitalization of $3.39 billion, a PE ratio of 14.00, a price-to-earnings growth ratio of 1.77 and a beta of 0.40. Register Sprouts Farmers Market, Inc. The twelve-month low is at $22.56 and the twelve-month high is at $35.34. The company has a trading ratio of 1.28, a quick ratio of 0.71 and a debt-to-equity ratio of 0.25.
Sprouts Farmers Market (NASDAQ: SFM – Get Rating) last released its quarterly earnings data on Tuesday, November 8th. The company reported $0.61 earnings per share for the quarter, beating analyst estimates of $0.52 by $0.09. The company’s revenue was $1.59 billion for the previous quarter, compared to analyst estimates of $1.58 billion. The Sprouts Growers Market achieved a net profit margin of 3.99% and a return on equity of 25.06%. Equity research analysts expect Sprouts Farmers Market, Inc. recording 2.34 earnings per share for the current fiscal year.
Analyst rating changes
SFM has been the subject of several research analyst reports. StockNews.com assumed coverage of Sprouts’ Farmer’s Market in a research note on Wednesday, October 12th. They assigned a “Buy” rating to the company. MKM Partners lowered shares of Sprouts Farmers Market from a “buy” rating to a “neutral” rating and set a price target of $38.00 for the company. In a research report on Friday, November 11th. Credit Suisse reaffirmed the “Neutral” rating and set a $35.00 share price target for Sprouts Farmers Market in a research report released on Tuesday, December 20th. Deutsche Bank Aktiengesellschaft increased its price target for Sprouts Farmers Market shares from $34.00 to $38.00 in a research report on Wednesday, November 9th. Finally, Goldman Sachs raised its price target for shares of Sprouts Farmers Market from $26.00 to $29.00 and assigned the company a “sell” rating in a report on Wednesday, November 30th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $31.57.
Sprouts Farmers Market Insider Activity
In other Sprouts farmer’s market news, VP Stacy W. Hilgendorf sold 9,440 shares of the company’s stock in a transaction that took place on Wednesday, November 9th. The stock was sold at an average price of $32.00, for a total value of $302,080.00. After the deal, the vice president now directly owns 10,902 shares of the company’s stock, valued at approximately $348,864. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC’s website. In other Sprouts Farmers Market news, insider Brandon F. Lombardi sold 5,000 shares of the stock in a transaction on Wednesday, November 16th. The shares were sold at an average price of $34.09, for a transaction total of $170,450.00. After the deal, the insider now directly owns 28,150 shares in the company, valued at approximately $959,633.50. The transaction was disclosed in a legal filing with the Securities and Exchange Commission, which is available at this hyperlink. Also, VP Stacy W. Hilgendorf sold 9,440 shares of the company’s stock in a transaction dated Wednesday, November 9th. The stock was sold at an average price of $32.00, for a total transaction of $302,080.00. After completing the sale, the vice president now directly owns 10,902 shares of the company’s stock, valued at approximately $348,864. Disclosure of this sale can be found here. Over the past 90 days, insiders have sold 120,688 shares of the company’s stock for a value of $4,049,303. Insiders own 0.71% of the company’s shares.
Company Profile Sprouts Farmers Market
Sprouts Farmers Market, Inc. operates healthy grocery stores. The company specializes in fresh, natural and organic products. Its products include fresh produce, bulk foods, vitamins and nutritional supplements, groceries, meat and seafood, prepared foods, bakery and dairy products, frozen foods, body care and natural household items.
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