Teachers Retirement System of The State of Kentucky cut its stake in Sprouts Farmers Market, Inc. (NASDAQ:SFM - Free Report) by 4.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 33,585 shares of the company's stock after selling 1,540 shares during the period. Teachers Retirement System of The State of Kentucky's holdings in Sprouts Farmers Market were worth $4,268,000 as of its most recent SEC filing.
A number of other institutional investors have also recently bought and sold shares of SFM. Mirova grew its position in Sprouts Farmers Market by 14.7% during the fourth quarter. Mirova now owns 25,731 shares of the company's stock valued at $3,270,000 after acquiring an additional 3,296 shares during the period. MetLife Investment Management LLC grew its holdings in shares of Sprouts Farmers Market by 7.2% during the 4th quarter. MetLife Investment Management LLC now owns 114,946 shares of the company's stock worth $14,606,000 after purchasing an additional 7,703 shares during the period. BI Asset Management Fondsmaeglerselskab A S grew its holdings in shares of Sprouts Farmers Market by 131.3% during the 4th quarter. BI Asset Management Fondsmaeglerselskab A S now owns 52,047 shares of the company's stock worth $6,614,000 after purchasing an additional 29,548 shares during the period. First Trust Advisors LP increased its position in Sprouts Farmers Market by 20.8% during the 4th quarter. First Trust Advisors LP now owns 172,311 shares of the company's stock worth $21,896,000 after purchasing an additional 29,704 shares in the last quarter. Finally, GeoWealth Management LLC raised its holdings in Sprouts Farmers Market by 115.4% in the fourth quarter. GeoWealth Management LLC now owns 265 shares of the company's stock valued at $34,000 after buying an additional 142 shares during the period.
Analyst Upgrades and Downgrades
Several equities research analysts have recently issued reports on SFM shares. UBS Group increased their price objective on shares of Sprouts Farmers Market from $132.00 to $195.00 and gave the stock a "neutral" rating in a research report on Wednesday, February 19th. Deutsche Bank Aktiengesellschaft upgraded Sprouts Farmers Market from a "hold" rating to a "buy" rating and increased their price target for the company from $163.00 to $190.00 in a report on Monday, March 17th. Northcoast Research upgraded Sprouts Farmers Market from a "neutral" rating to a "buy" rating and set a $185.00 price objective on the stock in a research note on Friday, February 28th. BMO Capital Markets upped their target price on Sprouts Farmers Market from $140.00 to $180.00 and gave the stock a "market perform" rating in a research report on Friday, February 21st. Finally, Evercore ISI dropped their target price on Sprouts Farmers Market from $185.00 to $180.00 and set an "outperform" rating on the stock in a report on Tuesday, March 11th. Nine investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, Sprouts Farmers Market presently has an average rating of "Hold" and a consensus target price of $167.00.
Read Our Latest Stock Report on Sprouts Farmers Market
Sprouts Farmers Market Trading Up 3.0 %
SFM opened at $163.30 on Wednesday. Sprouts Farmers Market, Inc. has a 12-month low of $64.02 and a 12-month high of $178.99. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.13 and a quick ratio of 0.59. The stock has a market capitalization of $16.03 billion, a PE ratio of 43.43, a P/E/G ratio of 2.31 and a beta of 0.87. The firm's fifty day moving average price is $150.35 and its 200 day moving average price is $143.50.
Sprouts Farmers Market (NASDAQ:SFM - Get Free Report) last issued its earnings results on Thursday, February 20th. The company reported $0.79 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.72 by $0.07. Sprouts Farmers Market had a net margin of 4.93% and a return on equity of 29.86%. The business had revenue of $2 billion for the quarter, compared to analyst estimates of $1.96 billion. As a group, research analysts expect that Sprouts Farmers Market, Inc. will post 4.29 EPS for the current fiscal year.
Insider Transactions at Sprouts Farmers Market
In other Sprouts Farmers Market news, CEO Jack Sinclair sold 2,915 shares of the firm's stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $167.54, for a total value of $488,379.10. Following the transaction, the chief executive officer now owns 143,669 shares of the company's stock, valued at $24,070,304.26. This trade represents a 1.99 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Timmi Zalatoris sold 1,065 shares of the company's stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $134.97, for a total value of $143,743.05. Following the transaction, the insider now directly owns 9,830 shares of the company's stock, valued at $1,326,755.10. This trade represents a 9.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 96,764 shares of company stock worth $13,562,649. 1.10% of the stock is currently owned by corporate insiders.
About Sprouts Farmers Market
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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.
See Also
Want to see what other hedge funds are holding SFM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sprouts Farmers Market, Inc. (NASDAQ:SFM - Free Report).
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