Fuller & Thaler Asset Management Inc. Raises Stake in Sprouts Farmers Market Inc (SFM)

Fuller & Thaler Asset Management Inc. lifted its position in Sprouts Farmers Market Inc (NASDAQ:SFM) by 0.4% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 3,758,862 shares of the company’s stock after buying an additional 13,791 shares during the period. Fuller & Thaler Asset Management Inc. owned approximately 2.82% of Sprouts Farmers Market worth $70,554,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of SFM. Teachers Advisors LLC grew its position in Sprouts Farmers Market by 1.3% during the 1st quarter. Teachers Advisors LLC now owns 217,337 shares of the company’s stock worth $5,025,000 after purchasing an additional 2,767 shares during the last quarter. PNC Financial Services Group Inc. boosted its holdings in shares of Sprouts Farmers Market by 9.4% in the 1st quarter. PNC Financial Services Group Inc. now owns 5,460 shares of the company’s stock valued at $126,000 after acquiring an additional 468 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Sprouts Farmers Market by 5.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 828,926 shares of the company’s stock valued at $19,163,000 after acquiring an additional 44,083 shares during the last quarter. Public Employees Retirement System of Ohio boosted its holdings in shares of Sprouts Farmers Market by 1.2% in the 1st quarter. Public Employees Retirement System of Ohio now owns 67,834 shares of the company’s stock valued at $1,568,000 after acquiring an additional 783 shares during the last quarter. Finally, Capstone Asset Management Co. boosted its holdings in shares of Sprouts Farmers Market by 0.9% in the 2nd quarter. Capstone Asset Management Co. now owns 13,670 shares of the company’s stock valued at $310,000 after acquiring an additional 120 shares during the last quarter. 90.15% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Sprouts Farmers Market Inc (NASDAQ SFM) traded up $0.05 during midday trading on Thursday, hitting $23.79. 1,503,266 shares of the stock were exchanged, compared to its average volume of 2,913,700. The firm has a market capitalization of $3,156.44, a PE ratio of 24.45, a price-to-earnings-growth ratio of 2.11 and a beta of 0.67. 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 Inc has a 1-year low of $17.38 and a 1-year high of $25.98.

Sprouts Farmers Market (NASDAQ:SFM) last issued its earnings results on Thursday, November 2nd. The company reported $0.23 EPS for the quarter, beating the Zacks’ consensus estimate of $0.18 by $0.05. The business had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $1.18 billion. Sprouts Farmers Market had a net margin of 3.01% and a return on equity of 21.00%. The company’s quarterly revenue was up 16.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.16 earnings per share. equities research analysts expect that Sprouts Farmers Market Inc will post 0.99 earnings per share for the current fiscal year.

Several research firms have recently commented on SFM. Deutsche Bank reaffirmed a “hold” rating and issued a $24.00 price objective (up from $22.00) on shares of Sprouts Farmers Market in a report on Wednesday, August 9th. Stephens began coverage on shares of Sprouts Farmers Market in a report on Friday, August 11th. They issued an “equal weight” rating and a $25.00 price objective on the stock. BidaskClub cut shares of Sprouts Farmers Market from a “buy” rating to a “hold” rating in a research note on Thursday, August 24th. TheStreet upgraded shares of Sprouts Farmers Market from a “c” rating to a “b-” rating in a research note on Monday. Finally, William Blair reiterated a “buy” rating on shares of Sprouts Farmers Market in a research note on Friday, August 25th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and thirteen have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $24.28.

In other news, insider Daniel Bruni acquired 15,000 shares of the company’s stock in a transaction that occurred on Friday, September 15th. The stock was purchased at an average price of $19.00 per share, with a total value of $285,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Theodore Edward Frumkin II sold 36,667 shares of the company’s stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $23.93, for a total transaction of $877,441.31. Following the completion of the sale, the insider now directly owns 58,912 shares of the company’s stock, valued at approximately $1,409,764.16. The disclosure for this sale can be found here. 2.60% of the stock is owned by corporate insiders.

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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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