Mutual of America Capital Management LLC Decreases Position in Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Mutual of America Capital Management LLC reduced its stake in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 5.9% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 54,117 shares of the company’s stock after selling 3,411 shares during the quarter. Mutual of America Capital Management LLC owned 0.05% of Sprouts Farmers Market worth $5,975,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of SFM. Cetera Advisors LLC acquired a new position in shares of Sprouts Farmers Market in the first quarter worth about $349,000. Ritholtz Wealth Management increased its stake in shares of Sprouts Farmers Market by 59.8% in the second quarter. Ritholtz Wealth Management now owns 16,790 shares of the company’s stock worth $1,405,000 after buying an additional 6,286 shares during the last quarter. SpiderRock Advisors LLC acquired a new stake in Sprouts Farmers Market in the third quarter valued at $3,252,000. Pinkerton Retirement Specialists LLC bought a new position in Sprouts Farmers Market during the 2nd quarter valued at $623,000. Finally, Caprock Group LLC acquired a new position in Sprouts Farmers Market during the 2nd quarter worth $450,000.

Insiders Place Their Bets

In other news, Director Kristen E. Blum sold 2,000 shares of the business’s stock in a transaction on Monday, August 26th. The stock was sold at an average price of $100.00, for a total value of $200,000.00. Following the sale, the director now owns 51,627 shares of the company’s stock, valued at approximately $5,162,700. The trade was a 3.73 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Jack Sinclair sold 5,714 shares of the firm’s stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $132.60, for a total value of $757,676.40. Following the transaction, the chief executive officer now directly owns 199,576 shares of the company’s stock, valued at $26,463,777.60. This represents a 2.78 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 50,148 shares of company stock worth $5,853,826. 1.10% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Royal Bank of Canada assumed coverage on Sprouts Farmers Market in a report on Thursday, September 12th. They set a “sector perform” rating and a $107.00 target price on the stock. Wells Fargo & Company lifted their price objective on shares of Sprouts Farmers Market from $90.00 to $130.00 and gave the stock an “equal weight” rating in a report on Thursday, October 31st. Roth Mkm increased their target price on shares of Sprouts Farmers Market from $58.00 to $78.00 and gave the stock a “neutral” rating in a report on Tuesday, July 30th. Evercore ISI lifted their price target on shares of Sprouts Farmers Market from $125.00 to $130.00 and gave the company an “outperform” rating in a report on Tuesday, October 22nd. Finally, The Goldman Sachs Group increased their price objective on shares of Sprouts Farmers Market from $127.00 to $159.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Nine research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $115.40.

Sprouts Farmers Market Stock Performance

SFM opened at $143.44 on Wednesday. Sprouts Farmers Market, Inc. has a twelve month low of $40.39 and a twelve month high of $148.56. The stock has a market cap of $14.34 billion, a PE ratio of 41.46, a price-to-earnings-growth ratio of 2.15 and a beta of 0.54. The business’s 50 day moving average is $119.96 and its 200-day moving average is $98.09. The company has a current ratio of 1.13, a quick ratio of 0.59 and a debt-to-equity ratio of 0.01.

Sprouts Farmers Market (NASDAQ:SFM) last released its quarterly earnings results on Wednesday, October 30th. The company reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.77 by $0.14. Sprouts Farmers Market had a return on equity of 28.24% and a net margin of 4.73%. The company had revenue of $1.95 billion during the quarter, compared to analysts’ expectations of $1.88 billion. During the same quarter in the prior year, the business posted $0.65 earnings per share. The company’s revenue for the quarter was up 13.6% compared to the same quarter last year. On average, analysts predict that Sprouts Farmers Market, Inc. will post 3.68 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.