State of Michigan Retirement System Increases Stock Holdings in Sprouts Farmers Market, Inc. (NASDAQ:SFM)

State of Michigan Retirement System boosted its stake in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFMFree Report) by 2.0% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 24,896 shares of the company’s stock after buying an additional 500 shares during the period. State of Michigan Retirement System’s holdings in Sprouts Farmers Market were worth $1,605,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Mariner LLC raised its position in Sprouts Farmers Market by 5.4% in the 3rd quarter. Mariner LLC now owns 16,455 shares of the company’s stock worth $704,000 after purchasing an additional 846 shares during the period. Natixis Advisors L.P. grew its stake in shares of Sprouts Farmers Market by 3.2% during the third quarter. Natixis Advisors L.P. now owns 11,872 shares of the company’s stock valued at $508,000 after buying an additional 367 shares during the last quarter. Trexquant Investment LP purchased a new stake in shares of Sprouts Farmers Market in the third quarter worth approximately $581,000. Lazard Asset Management LLC boosted its holdings in Sprouts Farmers Market by 59.2% during the 3rd quarter. Lazard Asset Management LLC now owns 11,859 shares of the company’s stock valued at $506,000 after acquiring an additional 4,408 shares during the period. Finally, Townsquare Capital LLC grew its position in Sprouts Farmers Market by 36.6% in the 3rd quarter. Townsquare Capital LLC now owns 26,029 shares of the company’s stock valued at $1,114,000 after acquiring an additional 6,972 shares during the last quarter.

Insider Activity at Sprouts Farmers Market

In other news, CEO Jack Sinclair sold 5,718 shares of Sprouts Farmers Market stock in a transaction on Thursday, June 20th. The shares were sold at an average price of $77.07, for a total transaction of $440,686.26. Following the completion of the sale, the chief executive officer now directly owns 256,716 shares in the company, valued at $19,785,102.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, CEO Jack Sinclair sold 5,718 shares of the firm’s stock in a transaction dated Thursday, June 20th. The stock was sold at an average price of $77.07, for a total value of $440,686.26. Following the completion of the transaction, the chief executive officer now directly owns 256,716 shares in the company, valued at $19,785,102.12. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, COO Nicholas Konat sold 31,000 shares of Sprouts Farmers Market stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $74.14, for a total value of $2,298,340.00. Following the sale, the chief operating officer now directly owns 51,495 shares of the company’s stock, valued at approximately $3,817,839.30. The disclosure for this sale can be found here. Insiders sold 66,147 shares of company stock valued at $4,999,299 in the last three months. 1.10% of the stock is owned by insiders.

Sprouts Farmers Market Trading Down 0.2 %

NASDAQ:SFM opened at $82.51 on Friday. The firm has a 50 day moving average of $77.72 and a 200 day moving average of $63.98. The company has a quick ratio of 0.65, a current ratio of 1.19 and a debt-to-equity ratio of 0.11. Sprouts Farmers Market, Inc. has a 52 week low of $36.21 and a 52 week high of $84.46. The stock has a market capitalization of $8.29 billion, a price-to-earnings ratio of 28.45, a PEG ratio of 3.16 and a beta of 0.55.

Sprouts Farmers Market (NASDAQ:SFMGet Free Report) last posted its quarterly earnings data on Wednesday, May 1st. The company reported $1.12 earnings per share for the quarter, topping analysts’ consensus estimates of $1.00 by $0.12. Sprouts Farmers Market had a return on equity of 26.77% and a net margin of 4.25%. The firm had revenue of $1.88 billion during the quarter, compared to analysts’ expectations of $1.85 billion. During the same quarter last year, the firm earned $0.98 EPS. The business’s quarterly revenue was up 8.7% on a year-over-year basis. As a group, sell-side analysts anticipate that Sprouts Farmers Market, Inc. will post 3.12 earnings per share for the current fiscal year.

Analysts Set New Price Targets

SFM has been the subject of several research analyst reports. Deutsche Bank Aktiengesellschaft lifted their target price on Sprouts Farmers Market from $60.00 to $63.00 and gave the stock a “hold” rating in a research report on Thursday, May 9th. Evercore ISI boosted their price objective on shares of Sprouts Farmers Market from $75.00 to $77.00 and gave the company an “in-line” rating in a research report on Tuesday. Oppenheimer reaffirmed a “market perform” rating on shares of Sprouts Farmers Market in a research report on Monday, April 29th. BMO Capital Markets increased their price objective on Sprouts Farmers Market from $31.00 to $40.00 and gave the stock an “underperform” rating in a research note on Thursday, May 2nd. Finally, Wells Fargo & Company lifted their target price on Sprouts Farmers Market from $48.00 to $62.00 and gave the company an “underweight” rating in a research report on Thursday, May 2nd. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $64.25.

View Our Latest Research Report on Sprouts Farmers Market

About Sprouts Farmers Market

(Free Report)

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.

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

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