Sprouts Farmers Market, Inc. (NASDAQ:SFM) Shares Sold by Municipal Employees Retirement System of Michigan

Municipal Employees Retirement System of Michigan cut its position in Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 19.5% during the second quarter, according to its most recent filing with the SEC. The fund owned 49,890 shares of the company’s stock after selling 12,110 shares during the period. Municipal Employees Retirement System of Michigan’s holdings in Sprouts Farmers Market were worth $1,131,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. PNC Financial Services Group Inc. boosted its position in Sprouts Farmers Market by 9.4% in the first quarter. PNC Financial Services Group Inc. now owns 5,460 shares of the company’s stock worth $126,000 after buying an additional 468 shares during the last quarter. Victory Capital Management Inc. bought a new position in Sprouts Farmers Market during the first quarter worth approximately $152,000. Asset Management One Co. Ltd. bought a new position in Sprouts Farmers Market during the first quarter worth approximately $161,000. Benjamin F. Edwards & Company Inc. boosted its position in Sprouts Farmers Market by 2.8% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 7,355 shares of the company’s stock worth $170,000 after buying an additional 200 shares during the last quarter. Finally, First Quadrant L P CA boosted its position in Sprouts Farmers Market by 16.3% in the second quarter. First Quadrant L P CA now owns 7,905 shares of the company’s stock worth $179,000 after buying an additional 1,105 shares during the last quarter. Hedge funds and other institutional investors own 86.88% of the company’s stock.

Shares of Sprouts Farmers Market, Inc. (SFM) opened at 23.89 on Thursday. Sprouts Farmers Market, Inc. has a 52-week low of $17.38 and a 52-week high of $25.98. The firm’s 50 day moving average is $23.44 and its 200 day moving average is $22.03. The stock has a market capitalization of $3.28 billion, a price-to-earnings ratio of 28.07 and a beta of 0.52.

Sprouts Farmers Market (NASDAQ:SFM) last posted its earnings results on Thursday, August 3rd. The company reported $0.29 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.04. The firm had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $1.17 billion. Sprouts Farmers Market had a return on equity of 18.79% and a net margin of 2.96%. The firm’s revenue was up 14.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.25 earnings per share. Equities analysts expect that Sprouts Farmers Market, Inc. will post $0.92 earnings per share for the current year.

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SFM has been the topic of several recent research reports. Gordon Haskett initiated coverage on shares of Sprouts Farmers Market in a report on Tuesday, May 9th. They set an “accumulate” rating and a $27.00 target price on the stock. TheStreet upgraded shares of Sprouts Farmers Market from a “c+” rating to a “b-” rating in a report on Friday, May 5th. Jefferies Group LLC set a $26.00 target price on shares of Sprouts Farmers Market and gave the stock a “buy” rating in a report on Monday, May 1st. Wells Fargo & Company reiterated a “buy” rating on shares of Sprouts Farmers Market in a report on Friday, April 28th. Finally, Zacks Investment Research upgraded shares of Sprouts Farmers Market from a “hold” rating to a “buy” rating and set a $25.00 target price on the stock in a report on Thursday, April 27th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and fourteen have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $25.44.

In related news, insider Brandon F. Lombardi sold 20,000 shares of the company’s stock in a transaction on Monday, August 7th. The stock was sold at an average price of $24.34, for a total transaction of $486,800.00. Following the transaction, the insider now owns 73,761 shares of the company’s stock, valued at $1,795,342.74. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Amin N. Maredia sold 13,448 shares of the company’s stock in a transaction on Monday, July 3rd. The stock was sold at an average price of $22.71, for a total value of $305,404.08. The disclosure for this sale can be found here. In the last quarter, insiders sold 110,746 shares of company stock valued at $2,638,027. 2.60% of the stock is owned by company insiders.

Sprouts Farmers Market Company Profile

Sprouts Farmers Market, Inc is a food retailer. The Company operates as a grocery store that offers fresh, natural and organic food that includes fresh produce, bulk foods, vitamins and supplements, packaged groceries, meat and seafood, deli, baked goods, dairy products, frozen foods, body care and natural household items catering to consumers’ interest in health and wellness.

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

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