Arizona State Retirement System Reduces Stake in Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Arizona State Retirement System reduced its position in Sprouts Farmers Market, Inc. (NASDAQ:SFMGet Rating) by 1.3% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,345 shares of the company’s stock after selling 389 shares during the period. Arizona State Retirement System’s holdings in Sprouts Farmers Market were worth $970,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the company. Strs Ohio purchased a new position in Sprouts Farmers Market during the fourth quarter worth $62,000. National Bank of Canada FI acquired a new stake in shares of Sprouts Farmers Market during the fourth quarter worth $76,000. Janney Montgomery Scott LLC boosted its holdings in shares of Sprouts Farmers Market by 35.3% during the fourth quarter. Janney Montgomery Scott LLC now owns 68,386 shares of the company’s stock worth $2,030,000 after purchasing an additional 17,849 shares during the last quarter. Allspring Global Investments Holdings LLC acquired a new stake in shares of Sprouts Farmers Market during the fourth quarter worth $1,654,000. Finally, State of New Jersey Common Pension Fund D boosted its holdings in shares of Sprouts Farmers Market by 1.5% during the fourth quarter. State of New Jersey Common Pension Fund D now owns 108,777 shares of the company’s stock worth $3,229,000 after purchasing an additional 1,621 shares during the last quarter.

Sprouts Farmers Market Trading Down 2.0 %

NASDAQ:SFM opened at $27.00 on Wednesday. The business’s 50-day moving average is $26.40 and its two-hundred day moving average is $28.49. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.22 and a quick ratio of 0.70. Sprouts Farmers Market, Inc. has a 12 month low of $21.18 and a 12 month high of $35.34. The firm has a market capitalization of $2.96 billion, a PE ratio of 12.33, a price-to-earnings-growth ratio of 1.84 and a beta of 0.43.

Sprouts Farmers Market (NASDAQ:SFMGet Rating) last announced its earnings results on Wednesday, May 4th. The company reported $0.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.72 by $0.07. Sprouts Farmers Market had a return on equity of 25.65% and a net margin of 4.05%. The business had revenue of $1.64 billion for the quarter, compared to analyst estimates of $1.65 billion. During the same period in the previous year, the company earned $0.70 earnings per share. The company’s revenue for the quarter was up 4.2% compared to the same quarter last year. Research analysts predict that Sprouts Farmers Market, Inc. will post 2.16 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. Bank of America cut Sprouts Farmers Market from a “buy” rating to an “underperform” rating and reduced their target price for the company from $40.00 to $25.00 in a report on Thursday, May 5th. Credit Suisse Group reduced their target price on Sprouts Farmers Market from $30.00 to $27.00 and set a “neutral” rating on the stock in a report on Tuesday, July 26th. Finally, StockNews.com upgraded Sprouts Farmers Market from a “hold” rating to a “buy” rating in a report on Saturday, April 16th. Three research analysts have rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $26.83.

Insider Transactions at Sprouts Farmers Market

In other Sprouts Farmers Market news, Director Kristen E. Blum bought 4,093 shares of the company’s stock in a transaction dated Monday, May 9th. The shares were acquired at an average cost of $24.48 per share, with a total value of $100,196.64. Following the completion of the transaction, the director now owns 40,573 shares in the company, valued at $993,227.04. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Sprouts Farmers Market news, Director Kristen E. Blum bought 4,093 shares of the company’s stock in a transaction dated Monday, May 9th. The shares were acquired at an average cost of $24.48 per share, with a total value of $100,196.64. Following the completion of the transaction, the director now owns 40,573 shares in the company, valued at $993,227.04. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Lawrence Molloy sold 1,298 shares of Sprouts Farmers Market stock in a transaction dated Friday, June 10th. The stock was sold at an average price of $25.11, for a total value of $32,592.78. Following the sale, the chief financial officer now directly owns 238,624 shares in the company, valued at $5,991,848.64. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 30,198 shares of company stock valued at $772,247. 0.71% of the stock is currently owned by insiders.

Sprouts Farmers Market Company Profile

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Sprouts Farmers Market, Inc offers fresh, natural, and organic food products in the United States. The company offers perishable product categories, including fresh produce, meat, seafood, deli, bakery, floral and dairy, and dairy alternatives; and non-perishable product categories, such as grocery, vitamins and supplements, bulk items, frozen foods, beer and wine, and natural health and body care.

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Institutional Ownership by Quarter for Sprouts Farmers Market (NASDAQ:SFM)

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