Retirement Systems of Alabama lowered its position in Sprouts Farmers Market Inc. (NASDAQ:SFM) by 57.8% during the second quarter, Holdings Channel reports. The institutional investor owned 182,785 shares of the company’s stock after selling 250,064 shares during the period. Retirement Systems of Alabama’s holdings in Sprouts Farmers Market were worth $4,186,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Benjamin F. Edwards & Company Inc. increased its position in Sprouts Farmers Market by 13.1% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 8,088 shares of the company’s stock worth $185,000 after buying an additional 936 shares in the last quarter. LS Investment Advisors LLC increased its position in Sprouts Farmers Market by 72.8% in the second quarter. LS Investment Advisors LLC now owns 8,588 shares of the company’s stock worth $197,000 after buying an additional 3,619 shares in the last quarter. Cullinan Associates Inc. purchased a new position in Sprouts Farmers Market during the second quarter worth approximately $229,000. Duncker Streett & Co. Inc. increased its position in Sprouts Farmers Market by 5.5% in the second quarter. Duncker Streett & Co. Inc. now owns 11,450 shares of the company’s stock worth $262,000 after buying an additional 600 shares in the last quarter. Finally, HL Financial Services LLC purchased a new position in Sprouts Farmers Market during the second quarter worth approximately $281,000. 93.47% of the stock is currently owned by institutional investors.
Sprouts Farmers Market Inc. (NASDAQ:SFM) traded down 0.05% during midday trading on Friday, hitting $21.74. The stock had a trading volume of 1,850,083 shares. The company has a market cap of $3.23 billion, a P/E ratio of 23.18 and a beta of 0.75. The stock’s 50-day moving average is $20.93 and its 200-day moving average is $23.81. Sprouts Farmers Market Inc. has a one year low of $18.70 and a one year high of $30.00.
Sprouts Farmers Market (NASDAQ:SFM) last announced its earnings results on Thursday, August 4th. The company reported $0.25 EPS for the quarter, topping the consensus estimate of $0.24 by $0.01. The business had revenue of $1,000 million for the quarter, compared to the consensus estimate of $1.04 billion. Sprouts Farmers Market had a return on equity of 17.77% and a net margin of 3.72%. Sprouts Farmers Market’s revenue was up 14.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.22 EPS. Equities analysts predict that Sprouts Farmers Market Inc. will post $0.85 EPS for the current fiscal year.
A number of research analysts have commented on SFM shares. Deutsche Bank AG reduced their target price on Sprouts Farmers Market from $35.00 to $31.00 and set a “buy” rating on the stock in a report on Thursday, July 14th. Vetr cut Sprouts Farmers Market from a “strong-buy” rating to a “buy” rating and set a $26.50 price target on the stock. in a research report on Tuesday, July 26th. Goldman Sachs Group Inc. upgraded Sprouts Farmers Market from a “sell” rating to a “buy” rating and set a $29.00 price target on the stock in a research report on Tuesday, July 26th. Bank of America Corp. set a $33.00 price target on Sprouts Farmers Market and gave the stock a “buy” rating in a research report on Friday, August 5th. Finally, Credit Suisse Group AG reiterated a “buy” rating and set a $28.00 price target on shares of Sprouts Farmers Market in a research report on Monday, August 8th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and seventeen have assigned a buy rating to the stock. Sprouts Farmers Market has a consensus rating of “Buy” and a consensus target price of $27.15.
In other Sprouts Farmers Market news, CFO Bradley Lukow bought 10,000 shares of Sprouts Farmers Market stock in a transaction dated Monday, September 12th. The shares were acquired at an average cost of $19.45 per share, with a total value of $194,500.00. The purchase was disclosed in a legal filing with the SEC, which is available through this link. 2.60% of the stock is owned by insiders.
About Sprouts Farmers Market
Sprouts Farmers Market, Inc is a food retailer that offers natural and organic food, including produce, bulk foods, meat and seafood, bakery, dairy, frozen foods, body care and natural household items. The Company categorizes its products as perishable and non-perishable. Its perishable product category includes produce, meat, seafood, deli and bakery.
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