State of New Jersey Common Pension Fund D Has $2.24 Million Holdings in Sprouts Farmers Market, Inc. (NASDAQ:SFM)

State of New Jersey Common Pension Fund D reduced its stake in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFMGet Rating) by 16.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 80,866 shares of the company’s stock after selling 15,761 shares during the quarter. State of New Jersey Common Pension Fund D owned 0.08% of Sprouts Farmers Market worth $2,244,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of SFM. FMR LLC increased its holdings in Sprouts Farmers Market by 46.3% in the 2nd quarter. FMR LLC now owns 9,631,930 shares of the company’s stock valued at $243,881,000 after buying an additional 3,048,706 shares during the period. Wasatch Advisors Inc. bought a new stake in Sprouts Farmers Market in the 1st quarter valued at $54,912,000. Millennium Management LLC increased its holdings in Sprouts Farmers Market by 366.1% in the 2nd quarter. Millennium Management LLC now owns 731,309 shares of the company’s stock valued at $18,517,000 after buying an additional 574,423 shares during the period. AQR Capital Management LLC increased its holdings in Sprouts Farmers Market by 72.5% in the 2nd quarter. AQR Capital Management LLC now owns 603,423 shares of the company’s stock valued at $15,182,000 after buying an additional 253,642 shares during the period. Finally, Artemis Investment Management LLP bought a new stake in shares of Sprouts Farmers Market in the 3rd quarter worth about $6,852,000. Institutional investors own 99.11% of the company’s stock.

Insiders Place Their Bets

In other Sprouts Farmers Market news, insider Brandon F. Lombardi sold 7,683 shares of the firm’s stock in a transaction that occurred on Wednesday, November 9th. The shares were sold at an average price of $32.49, for a total transaction of $249,620.67. Following the sale, the insider now directly owns 45,762 shares in the company, valued at approximately $1,486,807.38. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, VP Stacy W. Hilgendorf sold 9,440 shares of the firm’s stock in a transaction that occurred on Wednesday, November 9th. The shares were sold at an average price of $32.00, for a total transaction of $302,080.00. Following the completion of the transaction, the vice president now directly owns 10,902 shares of the company’s stock, valued at approximately $348,864. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Brandon F. Lombardi sold 7,683 shares of the firm’s stock in a transaction that occurred on Wednesday, November 9th. The stock was sold at an average price of $32.49, for a total transaction of $249,620.67. Following the transaction, the insider now directly owns 45,762 shares of the company’s stock, valued at $1,486,807.38. The disclosure for this sale can be found here. In the last three months, insiders have sold 120,688 shares of company stock worth $4,049,303. Company insiders own 0.71% of the company’s stock.

Sprouts Farmers Market Stock Performance

Sprouts Farmers Market stock opened at $31.73 on Wednesday. The company has a current ratio of 1.28, a quick ratio of 0.71 and a debt-to-equity ratio of 0.25. Sprouts Farmers Market, Inc. has a 1 year low of $22.56 and a 1 year high of $35.34. The company has a market cap of $3.36 billion, a PE ratio of 13.86, a PEG ratio of 1.77 and a beta of 0.44. The company’s 50-day moving average is $33.01 and its two-hundred day moving average is $29.96.

Sprouts Farmers Market (NASDAQ:SFMGet Rating) last announced its quarterly earnings results on Tuesday, November 8th. The company reported $0.61 earnings per share for the quarter, beating analysts’ consensus estimates of $0.52 by $0.09. The business had revenue of $1.59 billion for the quarter, compared to the consensus estimate of $1.58 billion. Sprouts Farmers Market had a net margin of 3.99% and a return on equity of 25.06%. Equities analysts anticipate that Sprouts Farmers Market, Inc. will post 2.34 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on SFM. The Goldman Sachs Group upped their target price on shares of Sprouts Farmers Market from $26.00 to $29.00 and gave the stock a “sell” rating in a report on Wednesday, November 30th. Deutsche Bank Aktiengesellschaft upped their target price on shares of Sprouts Farmers Market from $34.00 to $38.00 in a report on Wednesday, November 9th. Credit Suisse Group reaffirmed a “neutral” rating and issued a $35.00 target price on shares of Sprouts Farmers Market in a report on Tuesday, December 20th. StockNews.com began coverage on shares of Sprouts Farmers Market in a report on Wednesday, October 12th. They issued a “buy” rating on the stock. Finally, Northcoast Research lowered shares of Sprouts Farmers Market from a “buy” rating to a “neutral” rating in a report on Thursday, November 17th. Two analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $31.57.

Sprouts Farmers Market Profile

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Sprouts Farmers Market, Inc offers fresh, natural, and organic food products in the United States. The company offers perishable product categories, including fresh produce, meat, seafood, deli, bakery, floral and dairy, and dairy alternatives; and non-perishable product categories, such as grocery, vitamins and supplements, bulk items, frozen foods, beer and wine, and natural health and body care.

Further Reading

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

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