Federated Hermes Inc. Sells 11,887 Shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Federated Hermes Inc. decreased its stake in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 4.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 240,336 shares of the company’s stock after selling 11,887 shares during the quarter. Federated Hermes Inc.’s holdings in Sprouts Farmers Market were worth $11,563,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Nordea Investment Management AB increased its holdings in shares of Sprouts Farmers Market by 614.5% during the 4th quarter. Nordea Investment Management AB now owns 3,039,640 shares of the company’s stock worth $146,359,000 after purchasing an additional 2,614,241 shares during the period. Boston Trust Walden Corp increased its stake in Sprouts Farmers Market by 1.2% in the fourth quarter. Boston Trust Walden Corp now owns 1,477,341 shares of the company’s stock valued at $71,075,000 after acquiring an additional 17,565 shares during the period. Invesco Ltd. increased its stake in Sprouts Farmers Market by 6.6% in the third quarter. Invesco Ltd. now owns 1,436,821 shares of the company’s stock valued at $61,496,000 after acquiring an additional 88,997 shares during the period. Handelsbanken Fonder AB increased its stake in Sprouts Farmers Market by 43.4% in the third quarter. Handelsbanken Fonder AB now owns 1,321,800 shares of the company’s stock valued at $56,573,000 after acquiring an additional 400,000 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its stake in Sprouts Farmers Market by 1.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 923,396 shares of the company’s stock valued at $39,521,000 after acquiring an additional 16,258 shares during the period.

Insider Transactions at Sprouts Farmers Market

In other news, insider Brandon F. Lombardi sold 22,799 shares of the company’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $59.98, for a total transaction of $1,367,484.02. Following the transaction, the insider now directly owns 8,328 shares in the company, valued at $499,513.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider Timmi Zalatoris sold 5,353 shares of the company’s stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $61.62, for a total transaction of $329,851.86. Following the transaction, the insider now directly owns 10,895 shares in the company, valued at $671,349.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Brandon F. Lombardi sold 22,799 shares of the company’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $59.98, for a total transaction of $1,367,484.02. Following the transaction, the insider now owns 8,328 shares in the company, valued at $499,513.44. The disclosure for this sale can be found here. Over the last three months, insiders have sold 160,852 shares of company stock worth $10,032,745. Corporate insiders own 1.10% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Evercore ISI lowered their target price on shares of Sprouts Farmers Market from $62.00 to $61.00 and set an “in-line” rating on the stock in a research note on Tuesday, April 16th. The Goldman Sachs Group upped their target price on shares of Sprouts Farmers Market from $56.00 to $71.00 and gave the company a “buy” rating in a research note on Tuesday, March 5th. Finally, Bank of America raised shares of Sprouts Farmers Market from an “underperform” rating to a “buy” rating and upped their target price for the company from $30.00 to $70.00 in a research note on Tuesday, February 27th. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, Sprouts Farmers Market presently has a consensus rating of “Hold” and an average price target of $51.14.

Sprouts Farmers Market Price Performance

NASDAQ:SFM opened at $65.49 on Wednesday. The firm has a market cap of $6.63 billion, a PE ratio of 26.09, a price-to-earnings-growth ratio of 2.38 and a beta of 0.50. Sprouts Farmers Market, Inc. has a 12 month low of $32.12 and a 12 month high of $66.18. The company has a quick ratio of 0.51, a current ratio of 1.10 and a debt-to-equity ratio of 0.12. The company’s 50-day moving average price is $61.40 and its two-hundred day moving average price is $51.46.

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

Sprouts Farmers Market 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.