Rhumbline Advisers lifted its stake in shares of Sprouts Farmers Market Inc (NASDAQ:SFM) by 0.2% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 326,312 shares of the company’s stock after purchasing an additional 523 shares during the quarter. Rhumbline Advisers’ holdings in Sprouts Farmers Market were worth $7,029,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors also recently made changes to their positions in SFM. Global Retirement Partners LLC boosted its position in Sprouts Farmers Market by 100.8% during the 4th quarter. Global Retirement Partners LLC now owns 1,245 shares of the company’s stock worth $29,000 after buying an additional 625 shares during the period. Quantamental Technologies LLC acquired a new stake in Sprouts Farmers Market during the 4th quarter worth approximately $37,000. Oregon Public Employees Retirement Fund boosted its position in Sprouts Farmers Market by 2,356.3% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 1,188,148 shares of the company’s stock worth $51,000 after buying an additional 1,139,777 shares during the period. Acadian Asset Management LLC boosted its position in Sprouts Farmers Market by 143.0% during the 4th quarter. Acadian Asset Management LLC now owns 2,211 shares of the company’s stock worth $52,000 after buying an additional 1,301 shares during the period. Finally, Cullen Frost Bankers Inc. acquired a new stake in Sprouts Farmers Market during the 1st quarter worth approximately $55,000. 97.00% of the stock is currently owned by institutional investors.
Shares of NASDAQ SFM opened at $20.45 on Friday. The company has a market capitalization of $2.46 billion, a PE ratio of 15.85, a PEG ratio of 1.76 and a beta of 0.48. Sprouts Farmers Market Inc has a 52-week low of $20.28 and a 52-week high of $29.67. The company has a debt-to-equity ratio of 2.84, a quick ratio of 0.20 and a current ratio of 0.88.
Sprouts Farmers Market (NASDAQ:SFM) last issued its quarterly earnings results on Thursday, May 2nd. The company reported $0.46 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.40 by $0.06. The firm had revenue of $413.90 million for the quarter, compared to the consensus estimate of $1.41 billion. Sprouts Farmers Market had a net margin of 2.78% and a return on equity of 26.41%. The company’s revenue for the quarter was down 67.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.50 EPS. On average, equities research analysts expect that Sprouts Farmers Market Inc will post 1.22 EPS for the current year.
In related news, insider Theodore Edward Frumkin II sold 3,106 shares of the business’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $22.95, for a total transaction of $71,282.70. Following the transaction, the insider now owns 31,826 shares in the company, valued at approximately $730,406.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Shawn R. Gensch sold 3,310 shares of the business’s stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $22.96, for a total transaction of $75,997.60. Following the transaction, the insider now owns 22,917 shares in the company, valued at approximately $526,174.32. The disclosure for this sale can be found here. Insiders sold a total of 43,616 shares of company stock worth $1,000,848 in the last 90 days. Corporate insiders own 0.70% of the company’s stock.
Several equities research analysts recently commented on the stock. BidaskClub downgraded shares of Sprouts Farmers Market from a “buy” rating to a “hold” rating in a research report on Friday, January 25th. Zacks Investment Research upgraded shares of Sprouts Farmers Market from a “sell” rating to a “hold” rating in a research report on Friday, January 25th. Buckingham Research assumed coverage on shares of Sprouts Farmers Market in a research report on Thursday, February 7th. They set a “neutral” rating and a $23.75 target price on the stock. Northcoast Research downgraded shares of Sprouts Farmers Market from a “buy” rating to a “neutral” rating in a research report on Friday, February 22nd. Finally, TheStreet downgraded shares of Sprouts Farmers Market from a “b” rating to a “c+” rating in a research report on Tuesday, March 5th. Five analysts have rated the stock with a sell rating, eleven have given a hold rating and five have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $26.04.
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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