Sprouts Farmers Market Inc (NASDAQ:SFM) Shares Acquired by Oregon Public Employees Retirement Fund

Oregon Public Employees Retirement Fund raised its position in shares of Sprouts Farmers Market Inc (NASDAQ:SFM) by 1.4% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 51,248 shares of the company’s stock after acquiring an additional 710 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in Sprouts Farmers Market were worth $968,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Cullen Frost Bankers Inc. purchased a new stake in shares of Sprouts Farmers Market in the first quarter valued at approximately $55,000. Quadrant Capital Group LLC grew its position in shares of Sprouts Farmers Market by 4,318.8% in the first quarter. Quadrant Capital Group LLC now owns 2,828 shares of the company’s stock valued at $60,000 after purchasing an additional 2,764 shares in the last quarter. Hilton Capital Management LLC purchased a new stake in shares of Sprouts Farmers Market in the first quarter valued at approximately $75,000. Twin Tree Management LP grew its position in shares of Sprouts Farmers Market by 437.7% in the first quarter. Twin Tree Management LP now owns 4,388 shares of the company’s stock valued at $95,000 after purchasing an additional 3,572 shares in the last quarter. Finally, Advisors Asset Management Inc. grew its position in shares of Sprouts Farmers Market by 55.6% in the first quarter. Advisors Asset Management Inc. now owns 5,339 shares of the company’s stock valued at $115,000 after purchasing an additional 1,907 shares in the last quarter. 99.01% of the stock is owned by institutional investors and hedge funds.

A number of research firms have recently issued reports on SFM. CIBC restated a “market perform” rating on shares of Sprouts Farmers Market in a research report on Tuesday, July 23rd. Zacks Investment Research lowered Sprouts Farmers Market from a “hold” rating to a “sell” rating and set a $19.00 price objective for the company. in a research report on Friday, August 2nd. BidaskClub lowered Sprouts Farmers Market from a “sell” rating to a “strong sell” rating in a research report on Thursday, May 23rd. JPMorgan Chase & Co. lowered Sprouts Farmers Market from an “overweight” rating to a “neutral” rating and lowered their price objective for the stock from $22.00 to $19.00 in a research report on Friday, August 2nd. Finally, Oppenheimer lowered Sprouts Farmers Market from an “outperform” rating to a “market perform” rating in a research report on Tuesday, July 23rd. Five research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and five have given a buy rating to the company. Sprouts Farmers Market currently has an average rating of “Hold” and a consensus price target of $23.64.

Shares of SFM traded up $0.08 during midday trading on Thursday, hitting $17.89. 10,371 shares of the stock were exchanged, compared to its average volume of 1,974,948. Sprouts Farmers Market Inc has a 52-week low of $16.46 and a 52-week high of $29.67. The stock’s fifty day moving average is $18.28. The firm has a market cap of $2.09 billion, a price-to-earnings ratio of 13.94, a P/E/G ratio of 2.03 and a beta of 0.40. The company has a current ratio of 0.85, a quick ratio of 0.25 and a debt-to-equity ratio of 3.02.

Sprouts Farmers Market (NASDAQ:SFM) last released its quarterly earnings results on Thursday, August 1st. The company reported $0.30 EPS for the quarter, missing the consensus estimate of $0.31 by ($0.01). Sprouts Farmers Market had a return on equity of 26.10% and a net margin of 2.61%. The firm had revenue of $1.42 billion for the quarter, compared to analysts’ expectations of $1.45 billion. During the same quarter in the prior year, the business earned $0.32 earnings per share. The company’s quarterly revenue was up 7.2% on a year-over-year basis. As a group, equities research analysts anticipate that Sprouts Farmers Market Inc will post 1.08 earnings per share for the current fiscal year.

Sprouts Farmers Market Profile

Sprouts Farmers Market, Inc, a healthy grocery store, provides fresh, natural, and organic food products in the United States. Its stores offer fresh produce, bulk foods, vitamins and supplements, packaged groceries, meat and seafood, baked goods, dairy products, frozen foods, beer and wine, natural body care and household items.

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

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