Texas Permanent School Fund boosted its stake in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 1.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 94,361 shares of the company’s stock after buying an additional 1,482 shares during the period. Texas Permanent School Fund’s holdings in Sprouts Farmers Market were worth $2,139,000 as of its most recent SEC filing.
Several other hedge funds have also recently added to or reduced their stakes in the stock. BlackRock Inc. raised its stake in Sprouts Farmers Market by 15,641.8% in the first quarter. BlackRock Inc. now owns 10,204,960 shares of the company’s stock valued at $235,938,000 after buying an additional 10,140,133 shares during the last quarter. ING Groep NV purchased a new stake in Sprouts Farmers Market during the first quarter valued at approximately $98,411,000. Clearbridge Investments LLC raised its stake in Sprouts Farmers Market by 239,983.3% in the first quarter. Clearbridge Investments LLC now owns 2,744,152 shares of the company’s stock valued at $63,445,000 after buying an additional 2,743,009 shares during the last quarter. FMR LLC raised its stake in Sprouts Farmers Market by 771.4% in the first quarter. FMR LLC now owns 1,691,438 shares of the company’s stock valued at $39,106,000 after buying an additional 1,497,338 shares during the last quarter. Finally, Carve CapitalAB raised its stake in Sprouts Farmers Market by 54.1% in the first quarter. Carve CapitalAB now owns 4,100,000 shares of the company’s stock valued at $95,412,000 after buying an additional 1,439,258 shares during the last quarter. 86.88% of the stock is owned by institutional investors and hedge funds.
Sprouts Farmers Market, Inc. (SFM) opened at 23.82 on Friday. The firm has a market cap of $3.23 billion, a P/E ratio of 26.85 and a beta of 0.52. The company has a 50-day moving average of $23.51 and a 200 day moving average of $22.04. Sprouts Farmers Market, Inc. has a one year low of $17.38 and a one year high of $25.98.
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 research analysts expect that Sprouts Farmers Market, Inc. will post $0.92 earnings per share for the current fiscal year.
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SFM has been the subject of several analyst reports. Zacks Investment Research raised shares of Sprouts Farmers Market from a “hold” rating to a “buy” rating and set a $25.00 price target for the company in a research report on Thursday, April 27th. Gordon Haskett initiated coverage on shares of Sprouts Farmers Market in a research report on Tuesday, May 9th. They set an “accumulate” rating and a $27.00 price target for the company. Morgan Stanley lowered shares of Sprouts Farmers Market from an “overweight” rating to an “equal” rating and increased their price target for the company from $21.00 to $23.00 in a research report on Thursday, June 15th. Wells Fargo & Company reissued a “buy” rating on shares of Sprouts Farmers Market in a research report on Friday, April 28th. Finally, Jefferies Group LLC set a $26.00 price target on shares of Sprouts Farmers Market and gave the company a “buy” rating in a research report on Monday, May 1st. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and fourteen have assigned a buy rating to the company’s stock. Sprouts Farmers Market currently has a consensus rating of “Buy” and a consensus price target of $25.44.
In other Sprouts Farmers Market news, insider Brandon F. Lombardi sold 20,000 shares of the business’s stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $24.34, for a total value of $486,800.00. Following the completion of the sale, the insider now owns 73,761 shares in the company, valued at $1,795,342.74. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Amin N. Maredia sold 13,448 shares of the business’s stock in a transaction that occurred on Monday, July 3rd. The shares were 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 90 days, insiders have sold 110,746 shares of company stock valued at $2,638,027. 2.60% of the stock is owned by company insiders.
About Sprouts Farmers Market
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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