Oregon Public Employees Retirement Fund Cuts Position in Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Oregon Public Employees Retirement Fund trimmed its position in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFMGet Rating) by 3.2% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 31,308 shares of the company’s stock after selling 1,041 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Sprouts Farmers Market were worth $869,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in SFM. Ronald Blue Trust Inc. boosted its holdings in shares of Sprouts Farmers Market by 398.3% in the third quarter. Ronald Blue Trust Inc. now owns 1,171 shares of the company’s stock valued at $30,000 after acquiring an additional 936 shares during the period. Ellevest Inc. lifted its holdings in shares of Sprouts Farmers Market by 103.6% during the second quarter. Ellevest Inc. now owns 1,234 shares of the company’s stock worth $31,000 after purchasing an additional 628 shares during the period. Canada Pension Plan Investment Board purchased a new position in Sprouts Farmers Market in the first quarter worth $35,000. Platinum Investment Management Ltd. raised its position in Sprouts Farmers Market by 36.3% in the second quarter. Platinum Investment Management Ltd. now owns 1,758 shares of the company’s stock worth $45,000 after acquiring an additional 468 shares in the last quarter. Finally, CWM LLC raised its position in Sprouts Farmers Market by 59.2% in the second quarter. CWM LLC now owns 1,840 shares of the company’s stock worth $47,000 after acquiring an additional 684 shares in the last quarter. 99.11% of the stock is owned by institutional investors and hedge funds.

Sprouts Farmers Market Stock Down 1.6 %

Shares of NASDAQ:SFM opened at $30.89 on Wednesday. The stock’s 50-day moving average price is $32.79 and its two-hundred day moving average price is $30.12. 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 12-month low of $22.56 and a 12-month high of $35.34. The firm has a market cap of $3.27 billion, a price-to-earnings ratio of 13.49, a PEG ratio of 1.73 and a beta of 0.44.

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

Insider Activity

In related news, VP Stacy W. Hilgendorf sold 9,440 shares of the firm’s stock in a transaction dated Wednesday, November 9th. The stock was sold at an average price of $32.00, for a total transaction of $302,080.00. Following the sale, the vice president now directly owns 10,902 shares in the company, valued at approximately $348,864. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In related news, insider Brandon F. Lombardi sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, November 16th. The stock was sold at an average price of $34.09, for a total transaction of $170,450.00. Following the sale, the insider now directly owns 28,150 shares in the company, valued at approximately $959,633.50. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP Stacy W. Hilgendorf sold 9,440 shares of the firm’s stock in a transaction dated Wednesday, November 9th. The shares were sold at an average price of $32.00, for a total value of $302,080.00. Following the sale, the vice president now owns 10,902 shares in the company, valued at $348,864. The disclosure for this sale can be found here. Insiders have sold 120,688 shares of company stock valued at $4,049,303 in the last three months. Corporate insiders own 0.71% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on SFM. Credit Suisse Group restated a “neutral” rating and issued a $35.00 price target on shares of Sprouts Farmers Market in a research report on Tuesday, December 20th. StockNews.com initiated coverage on Sprouts Farmers Market in a research report on Wednesday, October 12th. They set a “buy” rating for the company. Northcoast Research cut Sprouts Farmers Market from a “buy” rating to a “neutral” rating in a research report on Thursday, November 17th. MKM Partners cut Sprouts Farmers Market from a “buy” rating to a “neutral” rating and set a $38.00 price objective for the company. in a research report on Friday, November 11th. Finally, The Goldman Sachs Group lifted their price objective on Sprouts Farmers Market from $26.00 to $29.00 and gave the stock a “sell” rating in a research report on Wednesday, November 30th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, Sprouts Farmers Market has an average rating of “Hold” and a consensus price target of $31.57.

Sprouts Farmers Market Company Profile

(Get Rating)

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.

See Also

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

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