Treasurer of the State of North Carolina Raises Stake in Sprouts Farmers Market Inc (NASDAQ:SFM)

Treasurer of the State of North Carolina raised its stake in Sprouts Farmers Market Inc (NASDAQ:SFM) by 5.9% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 52,806 shares of the company’s stock after buying an additional 2,930 shares during the quarter. Treasurer of the State of North Carolina’s holdings in Sprouts Farmers Market were worth $998,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of SFM. 6 Meridian lifted its stake in Sprouts Farmers Market by 3.7% during the 2nd quarter. 6 Meridian now owns 20,009 shares of the company’s stock worth $378,000 after acquiring an additional 706 shares in the last quarter. Oregon Public Employees Retirement Fund lifted its stake in Sprouts Farmers Market by 1.4% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 51,248 shares of the company’s stock worth $968,000 after acquiring an additional 710 shares in the last quarter. Robecosam AG lifted its stake in Sprouts Farmers Market by 1.0% during the 2nd quarter. Robecosam AG now owns 92,235 shares of the company’s stock worth $1,709,000 after acquiring an additional 924 shares in the last quarter. California State Teachers Retirement System raised its position in Sprouts Farmers Market by 0.5% in the 1st quarter. California State Teachers Retirement System now owns 198,142 shares of the company’s stock valued at $4,268,000 after purchasing an additional 998 shares in the last quarter. Finally, Ladenburg Thalmann Financial Services Inc. raised its position in Sprouts Farmers Market by 11.9% in the 2nd quarter. Ladenburg Thalmann Financial Services Inc. now owns 10,673 shares of the company’s stock valued at $202,000 after purchasing an additional 1,135 shares in the last quarter. Institutional investors own 93.96% of the company’s stock.

A number of equities research analysts have issued reports on the company. BMO Capital Markets lowered Sprouts Farmers Market from a “market perform” rating to an “underperform” rating and set a $15.00 price target on the stock. in a research report on Friday, August 2nd. ValuEngine raised Sprouts Farmers Market from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. Zacks Investment Research lowered Sprouts Farmers Market from a “hold” rating to a “sell” rating and set a $19.00 price target on the stock. in a research report on Thursday, October 3rd. Sanford C. Bernstein raised Sprouts Farmers Market from an “underperform” rating to a “market perform” rating and set a $23.00 price target on the stock in a research report on Monday, June 24th. Finally, JPMorgan Chase & Co. lowered Sprouts Farmers Market from an “overweight” rating to a “neutral” rating and reduced their price target for the company from $22.00 to $19.00 in a research report on Friday, August 2nd. Five research analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have issued a buy rating to the stock. Sprouts Farmers Market presently has an average rating of “Hold” and an average price target of $22.47.

Shares of SFM stock opened at $18.11 on Friday. The stock has a fifty day moving average price of $18.73 and a 200 day moving average price of $19.62. The stock has a market cap of $2.14 billion, a PE ratio of 14.86, a P/E/G ratio of 2.09 and a beta of 0.37. Sprouts Farmers Market Inc has a 1 year low of $16.46 and a 1 year high of $28.69. The company has a debt-to-equity ratio of 3.02, a quick ratio of 0.25 and a current ratio of 0.85.

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

About Sprouts Farmers Market

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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