State of Michigan Retirement System Sells 800 Shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM)

State of Michigan Retirement System reduced its stake in Sprouts Farmers Market, Inc. (NASDAQ:SFMGet Rating) by 2.9% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 27,096 shares of the company’s stock after selling 800 shares during the period. State of Michigan Retirement System’s holdings in Sprouts Farmers Market were worth $752,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Vanguard Group Inc. boosted its position in shares of Sprouts Farmers Market by 0.5% in the 1st quarter. Vanguard Group Inc. now owns 11,017,621 shares of the company’s stock worth $352,344,000 after purchasing an additional 57,361 shares during the last quarter. FMR LLC lifted its holdings in Sprouts Farmers Market by 46.3% during the second quarter. FMR LLC now owns 9,631,930 shares of the company’s stock worth $243,881,000 after acquiring an additional 3,048,706 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in Sprouts Farmers Market by 3.5% during the second quarter. Renaissance Technologies LLC now owns 6,106,432 shares of the company’s stock worth $154,615,000 after acquiring an additional 208,100 shares in the last quarter. State Street Corp lifted its holdings in Sprouts Farmers Market by 0.4% during the first quarter. State Street Corp now owns 3,850,145 shares of the company’s stock worth $123,128,000 after acquiring an additional 16,499 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in Sprouts Farmers Market by 2.6% during the first quarter. Dimensional Fund Advisors LP now owns 3,007,506 shares of the company’s stock worth $96,180,000 after acquiring an additional 77,540 shares in the last quarter. 99.11% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

SFM has been the topic of several recent analyst reports. Northcoast Research lowered Sprouts Farmers Market from a “buy” rating to a “neutral” rating in a report on Thursday, November 17th. The Goldman Sachs Group lifted their target price on Sprouts Farmers Market from $26.00 to $29.00 and gave the stock a “sell” rating in a report on Wednesday, November 30th. StockNews.com assumed coverage on Sprouts Farmers Market in a report on Wednesday, October 12th. They issued a “buy” rating on the stock. MKM Partners lowered Sprouts Farmers Market from a “buy” rating to a “neutral” rating and set a $38.00 price target on the stock. in a report on Friday, November 11th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on Sprouts Farmers Market from $34.00 to $38.00 in a report on Wednesday, November 9th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $31.57.

Sprouts Farmers Market Price Performance

NASDAQ:SFM opened at $31.71 on Friday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.71 and a current ratio of 1.28. The stock’s 50-day simple moving average is $32.60 and its 200 day simple moving average is $29.62. The company has a market cap of $3.36 billion, a P/E ratio of 13.85, a P/E/G ratio of 1.70 and a beta of 0.44. Sprouts Farmers Market, Inc. has a 52-week low of $22.56 and a 52-week high of $35.34.

Sprouts Farmers Market (NASDAQ:SFMGet Rating) last released its earnings results on Tuesday, November 8th. The company reported $0.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.52 by $0.09. The business had revenue of $1.59 billion for the quarter, compared to the consensus estimate of $1.58 billion. Sprouts Farmers Market had a return on equity of 25.06% and a net margin of 3.99%. As a group, sell-side analysts forecast that Sprouts Farmers Market, Inc. will post 2.35 EPS for the current fiscal year.

Insider Activity at Sprouts Farmers Market

In other Sprouts Farmers Market news, CEO Jack Sinclair sold 85,953 shares of the business’s stock in a transaction that occurred on Monday, December 5th. The stock was sold at an average price of $33.77, for a total transaction of $2,902,632.81. Following the transaction, the chief executive officer now owns 207,638 shares of the company’s stock, valued at $7,011,935.26. The sale was disclosed in a document filed with the SEC, which is available through this link. In other Sprouts Farmers Market news, CEO Jack Sinclair sold 85,953 shares of the business’s stock in a transaction that occurred on Monday, December 5th. The stock was sold at an average price of $33.77, for a total transaction of $2,902,632.81. Following the transaction, the chief executive officer now owns 207,638 shares of the company’s stock, valued at $7,011,935.26. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, VP Stacy W. Hilgendorf sold 9,440 shares of the business’s stock in a transaction that occurred on Wednesday, November 9th. The stock was sold at an average price of $32.00, for a total value of $302,080.00. Following the transaction, the vice president now directly owns 10,902 shares in the company, valued at approximately $348,864. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 120,688 shares of company stock valued at $4,049,303. 0.71% of the stock is 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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