Oregon Public Employees Retirement Fund Lowers Stake in Sprouts Farmers Market, Inc. (SFM)

Oregon Public Employees Retirement Fund reduced its stake in Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 6.4% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 47,646 shares of the company’s stock after selling 3,271 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in Sprouts Farmers Market were worth $894,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in SFM. Advisory Services Network LLC increased its position in shares of Sprouts Farmers Market by 1,093.0% during the 2nd quarter. Advisory Services Network LLC now owns 5,309 shares of the company’s stock valued at $120,000 after purchasing an additional 4,864 shares during the last quarter. PNC Financial Services Group Inc. grew its stake in shares of Sprouts Farmers Market by 9.4% during the 1st quarter. PNC Financial Services Group Inc. now owns 5,460 shares of the company’s stock worth $126,000 after acquiring an additional 468 shares during the period. Benjamin F. Edwards & Company Inc. grew its stake in shares of Sprouts Farmers Market by 2.3% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 7,525 shares of the company’s stock worth $171,000 after acquiring an additional 170 shares during the period. Victory Capital Management Inc. grew its stake in shares of Sprouts Farmers Market by 17.6% during the 2nd quarter. Victory Capital Management Inc. now owns 7,739 shares of the company’s stock worth $175,000 after acquiring an additional 1,161 shares during the period. Finally, First Quadrant L P CA grew its stake in shares of Sprouts Farmers Market by 16.3% during the 2nd quarter. First Quadrant L P CA now owns 7,905 shares of the company’s stock worth $179,000 after acquiring an additional 1,105 shares during the period. 88.87% of the stock is owned by institutional investors and hedge funds.

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In other Sprouts Farmers Market news, insider Daniel Bruni purchased 15,000 shares of the firm’s stock in a transaction dated Friday, September 15th. The stock was purchased at an average price of $19.00 per share, for a total transaction of $285,000.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Bradley Lukow purchased 7,000 shares of the firm’s stock in a transaction dated Tuesday, August 29th. The stock was acquired at an average price of $19.80 per share, with a total value of $138,600.00. The disclosure for this purchase can be found here. Insiders own 2.60% of the company’s stock.

SFM has been the subject of several analyst reports. Jefferies Group LLC downgraded Sprouts Farmers Market from a “buy” rating to a “hold” rating and set a $26.00 target price for the company. in a research note on Thursday, July 27th. TheStreet upgraded Sprouts Farmers Market from a “c+” rating to a “b-” rating in a research note on Tuesday, July 25th. Deutsche Bank AG restated a “hold” rating and issued a $24.00 target price (up previously from $22.00) on shares of Sprouts Farmers Market in a research note on Wednesday, August 9th. Royal Bank Of Canada set a $28.00 target price on Sprouts Farmers Market and gave the stock a “buy” rating in a research note on Monday, July 31st. Finally, Stephens initiated coverage on Sprouts Farmers Market in a research note on Friday, August 11th. They issued an “equal weight” rating and a $25.00 target price for the company. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and twelve have issued a buy rating to the stock. Sprouts Farmers Market presently has an average rating of “Hold” and an average target price of $24.28.

Shares of Sprouts Farmers Market, Inc. (NASDAQ SFM) opened at $20.22 on Thursday. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.23 and a current ratio of 1.00. Sprouts Farmers Market, Inc. has a 1 year low of $17.38 and a 1 year high of $25.98. The firm has a market capitalization of $2,739.92, a P/E ratio of 21.23, a P/E/G ratio of 1.83 and a beta of 0.54.

Sprouts Farmers Market (NASDAQ:SFM) last released its quarterly earnings results on Thursday, November 2nd. The company reported $0.23 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.18 by $0.05. Sprouts Farmers Market had a return on equity of 21.00% and a net margin of 3.01%. The company had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.18 billion. During the same period in the previous year, the company posted $0.16 earnings per share. The firm’s revenue was up 16.4% on a year-over-year basis. research analysts predict that Sprouts Farmers Market, Inc. will post 0.99 EPS for the current fiscal year.

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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