California Public Employees Retirement System Has $60.98 Million Stake in Sprouts Farmers Market, Inc. (NASDAQ:SFM)

California Public Employees Retirement System cut its position in Sprouts Farmers Market, Inc. (NASDAQ:SFM - Free Report) by 0.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 479,903 shares of the company's stock after selling 3,127 shares during the quarter. California Public Employees Retirement System owned approximately 0.48% of Sprouts Farmers Market worth $60,981,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Sprouts Farmers Market during the fourth quarter worth approximately $31,000. Avior Wealth Management LLC grew its holdings in shares of Sprouts Farmers Market by 93.5% in the 4th quarter. Avior Wealth Management LLC now owns 269 shares of the company's stock worth $34,000 after acquiring an additional 130 shares during the period. Global Retirement Partners LLC raised its stake in shares of Sprouts Farmers Market by 84.1% during the 4th quarter. Global Retirement Partners LLC now owns 289 shares of the company's stock worth $37,000 after buying an additional 132 shares during the last quarter. SBI Securities Co. Ltd. acquired a new position in shares of Sprouts Farmers Market during the 4th quarter worth approximately $51,000. Finally, V Square Quantitative Management LLC boosted its stake in shares of Sprouts Farmers Market by 32.9% during the fourth quarter. V Square Quantitative Management LLC now owns 460 shares of the company's stock valued at $58,000 after acquiring an additional 114 shares during the last quarter.

Sprouts Farmers Market Stock Down 3.2 %

SFM traded down $5.06 during midday trading on Thursday, hitting $153.28. 1,861,144 shares of the company's stock traded hands, compared to its average volume of 1,384,597. The stock's fifty day simple moving average is $152.58 and its 200-day simple moving average is $138.69. Sprouts Farmers Market, Inc. has a one year low of $61.61 and a one year high of $178.99. The company has a market cap of $15.03 billion, a PE ratio of 40.77, a price-to-earnings-growth ratio of 2.31 and a beta of 0.67. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.13 and a quick ratio of 0.59.

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Sprouts Farmers Market (NASDAQ:SFM - Get Free Report) last announced its quarterly earnings results on Thursday, February 20th. The company reported $0.79 EPS for the quarter, beating the consensus estimate of $0.72 by $0.07. The company had revenue of $2 billion for the quarter, compared to the consensus estimate of $1.96 billion. Sprouts Farmers Market had a return on equity of 29.86% and a net margin of 4.93%. As a group, equities analysts anticipate that Sprouts Farmers Market, Inc. will post 4.29 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have weighed in on SFM shares. Roth Mkm increased their price target on Sprouts Farmers Market from $105.00 to $146.00 and gave the stock a "neutral" rating in a research note on Friday, February 21st. Evercore ISI reduced their target price on Sprouts Farmers Market from $185.00 to $180.00 and set an "outperform" rating for the company in a research note on Tuesday, March 11th. JPMorgan Chase & Co. upped their target price on Sprouts Farmers Market from $131.00 to $136.00 and gave the company a "neutral" rating in a report on Tuesday, March 11th. UBS Group lifted their price objective on shares of Sprouts Farmers Market from $132.00 to $195.00 and gave the company a "neutral" rating in a research note on Wednesday, February 19th. Finally, Jefferies Financial Group boosted their price objective on Sprouts Farmers Market from $119.00 to $139.00 and gave the stock a "hold" rating in a research note on Tuesday, February 25th. Ten investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, Sprouts Farmers Market presently has an average rating of "Hold" and a consensus price target of $167.00.

Insiders Place Their Bets

In other Sprouts Farmers Market news, VP Stacy W. Hilgendorf sold 229 shares of Sprouts Farmers Market stock in a transaction on Thursday, March 20th. The stock was sold at an average price of $139.43, for a total transaction of $31,929.47. Following the completion of the transaction, the vice president now directly owns 10,226 shares of the company's stock, valued at approximately $1,425,811.18. This trade represents a 2.19 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Timmi Zalatoris sold 2,000 shares of Sprouts Farmers Market stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $151.34, for a total transaction of $302,680.00. Following the completion of the transaction, the insider now owns 13,263 shares of the company's stock, valued at $2,007,222.42. This trade represents a 13.10 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 96,784 shares of company stock worth $13,534,466. 1.10% of the stock is currently owned by company insiders.

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.