Mutual of America Capital Management LLC Sells 3,545 Shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Mutual of America Capital Management LLC lessened its stake in Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 5.3% in the 4th quarter, HoldingsChannel.com reports. The firm owned 62,871 shares of the company’s stock after selling 3,545 shares during the period. Mutual of America Capital Management LLC’s holdings in Sprouts Farmers Market were worth $3,025,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of SFM. VisionPoint Advisory Group LLC bought a new position in Sprouts Farmers Market in the 3rd quarter worth approximately $25,000. Canada Pension Plan Investment Board bought a new position in Sprouts Farmers Market in the 1st quarter worth approximately $35,000. Ronald Blue Trust Inc. grew its holdings in Sprouts Farmers Market by 80.3% during the 3rd quarter. Ronald Blue Trust Inc. now owns 831 shares of the company’s stock worth $36,000 after acquiring an additional 370 shares during the period. FinTrust Capital Advisors LLC bought a new stake in shares of Sprouts Farmers Market during the 3rd quarter valued at $49,000. Finally, Baldwin Brothers LLC MA lifted its stake in shares of Sprouts Farmers Market by 20.0% in the 4th quarter. Baldwin Brothers LLC MA now owns 1,260 shares of the company’s stock valued at $61,000 after purchasing an additional 210 shares during the period.

Insider Transactions at Sprouts Farmers Market

In other news, insider Timmi Zalatoris sold 5,353 shares of the firm’s stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of $61.62, for a total transaction of $329,851.86. Following the sale, the insider now owns 10,895 shares of the company’s stock, valued at $671,349.90. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, insider Timmi Zalatoris sold 5,353 shares of Sprouts Farmers Market stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $61.62, for a total value of $329,851.86. Following the sale, the insider now owns 10,895 shares of the company’s stock, valued at approximately $671,349.90. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO Nicholas Konat sold 31,846 shares of Sprouts Farmers Market stock in a transaction that occurred on Friday, March 22nd. The shares were sold at an average price of $62.13, for a total value of $1,978,591.98. Following the completion of the sale, the chief operating officer now directly owns 82,495 shares in the company, valued at approximately $5,125,414.35. The disclosure for this sale can be found here. Insiders have sold a total of 160,852 shares of company stock valued at $10,032,745 over the last 90 days. 1.10% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on SFM shares. Bank of America raised Sprouts Farmers Market from an “underperform” rating to a “buy” rating and lifted their price objective for the stock from $30.00 to $70.00 in a research note on Tuesday, February 27th. The Goldman Sachs Group raised their target price on Sprouts Farmers Market from $56.00 to $71.00 and gave the stock a “buy” rating in a report on Tuesday, March 5th. Finally, Evercore ISI reduced their target price on Sprouts Farmers Market from $62.00 to $61.00 and set an “in-line” rating on the stock in a report on Tuesday. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $51.14.

Sprouts Farmers Market Price Performance

Shares of SFM opened at $63.10 on Friday. The stock has a market cap of $6.39 billion, a P/E ratio of 25.14, a price-to-earnings-growth ratio of 2.27 and a beta of 0.50. The company has a current ratio of 1.10, a quick ratio of 0.51 and a debt-to-equity ratio of 0.12. The stock’s 50-day moving average price is $60.86 and its two-hundred day moving average price is $51.01. Sprouts Farmers Market, Inc. has a 1 year low of $32.12 and a 1 year high of $65.53.

Sprouts Farmers Market (NASDAQ:SFM) last released its quarterly earnings results on Thursday, February 22nd. The company reported $0.49 EPS for the quarter, topping analysts’ consensus estimates of $0.45 by $0.04. The company had revenue of $1.70 billion for the quarter, compared to analyst estimates of $1.69 billion. Sprouts Farmers Market had a return on equity of 26.71% and a net margin of 3.79%. Sprouts Farmers Market’s revenue was up 7.7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.42 earnings per share. On average, equities analysts predict that Sprouts Farmers Market, Inc. will post 2.95 earnings per share for the current year.

Sprouts Farmers Market Company Profile

Sprouts Farmers Market, Inc, together with its subsidiaries, engages in the retailing of fresh, natural, and organic food products under the Sprouts brand in the United States. It offers perishable product categories, including fresh produce, meat and meat alternatives, 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.