116,200 Shares in Sprouts Farmers Market Inc (SFM) Purchased by Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp

Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp acquired a new position in Sprouts Farmers Market Inc (NASDAQ:SFM) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 116,200 shares of the company’s stock, valued at approximately $2,829,000. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp owned about 0.09% of Sprouts Farmers Market at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Nationwide Fund Advisors raised its stake in Sprouts Farmers Market by 2.5% during the 3rd quarter. Nationwide Fund Advisors now owns 276,405 shares of the company’s stock valued at $5,188,000 after purchasing an additional 6,612 shares during the last quarter. Crossmark Global Holdings Inc. acquired a new position in Sprouts Farmers Market during the 3rd quarter valued at $265,000. Sei Investments Co. raised its stake in Sprouts Farmers Market by 1,205.1% during the 3rd quarter. Sei Investments Co. now owns 40,523 shares of the company’s stock valued at $761,000 after purchasing an additional 37,418 shares during the last quarter. New York State Common Retirement Fund raised its stake in Sprouts Farmers Market by 17.8% during the 3rd quarter. New York State Common Retirement Fund now owns 336,900 shares of the company’s stock valued at $6,324,000 after purchasing an additional 50,900 shares during the last quarter. Finally, Advisor Group Inc. raised its stake in Sprouts Farmers Market by 514.4% during the 3rd quarter. Advisor Group Inc. now owns 22,989 shares of the company’s stock valued at $432,000 after purchasing an additional 19,247 shares during the last quarter. Institutional investors and hedge funds own 92.31% of the company’s stock.

In other Sprouts Farmers Market news, CMO Shawn R. Gensch sold 997 shares of the stock in a transaction dated Monday, March 5th. The shares were sold at an average price of $25.24, for a total transaction of $25,164.28. Following the sale, the chief marketing officer now owns 26,423 shares of the company’s stock, valued at approximately $666,916.52. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Brandon F. Lombardi sold 8,327 shares of the stock in a transaction dated Monday, March 12th. The stock was sold at an average price of $25.31, for a total transaction of $210,756.37. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,687,729 shares of company stock worth $43,925,046. 2.60% of the stock is owned by insiders.

Shares of Sprouts Farmers Market Inc (SFM) opened at $23.17 on Monday. The company has a quick ratio of 0.23, a current ratio of 1.00 and a debt-to-equity ratio of 0.73. Sprouts Farmers Market Inc has a fifty-two week low of $17.55 and a fifty-two week high of $28.29. The firm has a market cap of $3,082.14, a PE ratio of 20.32, a PEG ratio of 1.41 and a beta of 0.84.

Sprouts Farmers Market (NASDAQ:SFM) last posted its earnings results on Thursday, February 22nd. The company reported $0.16 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.15 by $0.01. Sprouts Farmers Market had a net margin of 3.40% and a return on equity of 21.81%. The business had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.14 billion. During the same quarter in the prior year, the firm earned $0.13 EPS. The firm’s quarterly revenue was up 16.0% compared to the same quarter last year. research analysts expect that Sprouts Farmers Market Inc will post 1.27 earnings per share for the current year.

Sprouts Farmers Market announced that its Board of Directors has approved a share repurchase program on Thursday, February 22nd that authorizes the company to buyback $350.00 million in outstanding shares. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Shares buyback programs are often an indication that the company’s leadership believes its shares are undervalued.

SFM has been the subject of several research analyst reports. TheStreet upgraded shares of Sprouts Farmers Market from a “c” rating to a “b-” rating in a research note on Monday, December 4th. BidaskClub upgraded shares of Sprouts Farmers Market from a “buy” rating to a “strong-buy” rating in a research note on Friday, December 22nd. Susquehanna Bancshares set a $30.00 target price on shares of Sprouts Farmers Market and gave the company a “buy” rating in a research note on Thursday, January 11th. Stephens set a $25.00 target price on shares of Sprouts Farmers Market and gave the company a “hold” rating in a research note on Wednesday, January 10th. Finally, BMO Capital Markets set a $26.00 target price on shares of Sprouts Farmers Market and gave the company a “hold” rating in a research note on Wednesday, January 10th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $27.11.

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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.

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

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