New York State Teachers Retirement System lifted its stake in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 36.2% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 78,700 shares of the company’s stock after purchasing an additional 20,900 shares during the quarter. New York State Teachers Retirement System owned 0.06% of Sprouts Farmers Market worth $1,477,000 as of its most recent SEC filing.
Several other large investors also recently added to or reduced their stakes in SFM. PointState Capital LP bought a new stake in shares of Sprouts Farmers Market during the 2nd quarter valued at $32,954,000. Renaissance Technologies LLC raised its stake in shares of Sprouts Farmers Market by 79.2% during the 2nd quarter. Renaissance Technologies LLC now owns 2,573,600 shares of the company’s stock valued at $58,344,000 after purchasing an additional 1,137,200 shares during the period. Bank of New York Mellon Corp raised its stake in shares of Sprouts Farmers Market by 26.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 3,421,148 shares of the company’s stock valued at $77,557,000 after purchasing an additional 719,381 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Sprouts Farmers Market by 855.6% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 577,165 shares of the company’s stock valued at $13,084,000 after purchasing an additional 516,768 shares during the period. Finally, Dimensional Fund Advisors LP raised its stake in shares of Sprouts Farmers Market by 62.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,343,803 shares of the company’s stock valued at $30,464,000 after purchasing an additional 514,877 shares during the period. Institutional investors own 88.87% of the company’s stock.
Sprouts Farmers Market, Inc. (SFM) opened at C$20.80 on Monday. Sprouts Farmers Market, Inc. has a 52-week low of C$17.38 and a 52-week high of C$25.98. The stock has a market capitalization of $2,767.87, a P/E ratio of 21.44, a PEG ratio of 1.85 and a beta of 0.54. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.00 and a quick ratio of 0.23.
Sprouts Farmers Market (NASDAQ:SFM) last announced its earnings results on Thursday, November 2nd. The company reported C$0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.18 by C$0.05. Sprouts Farmers Market had a return on equity of 21.00% and a net margin of 3.01%. The firm had revenue of C$1.21 billion during the quarter, compared to analyst estimates of C$1.18 billion. During the same quarter in the prior year, the company earned $0.16 EPS. The business’s revenue was up 16.4% compared to the same quarter last year. research analysts expect that Sprouts Farmers Market, Inc. will post 0.99 earnings per share for the current fiscal year.
In other Sprouts Farmers Market news, CFO Bradley Lukow bought 7,000 shares of the business’s stock in a transaction on Tuesday, August 29th. The shares were acquired at an average cost of C$19.80 per share, for a total transaction of C$138,600.00. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Daniel Bruni bought 15,000 shares of the business’s stock in a transaction on Friday, September 15th. The shares were acquired at an average price of C$19.00 per share, for a total transaction of C$285,000.00. The disclosure for this purchase can be found here. 2.60% of the stock is owned by company insiders.
SFM has been the topic of a number of research analyst reports. Jefferies Group LLC restated a “hold” rating and issued a $26.00 target price on shares of Sprouts Farmers Market in a research note on Tuesday, July 25th. TheStreet upgraded Sprouts Farmers Market from a “c+” rating to a “b-” rating in a report on Tuesday, July 25th. Royal Bank Of Canada set a $28.00 price objective on Sprouts Farmers Market and gave the stock a “buy” rating in a report on Monday, July 31st. Wells Fargo & Company reiterated a “buy” rating on shares of Sprouts Farmers Market in a report on Thursday, August 3rd. Finally, J P Morgan Chase & Co upgraded Sprouts Farmers Market from a “neutral” rating to an “overweight” rating and upped their price objective for the stock from $24.00 to $27.00 in a report on Friday, August 4th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and twelve have given a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of C$24.44.
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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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