Sprouts Farmers Market, Inc. (NASDAQ:SFM) Stake Lowered by Oregon Public Employees Retirement Fund

Oregon Public Employees Retirement Fund trimmed its position in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 17.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,832 shares of the company’s stock after selling 4,300 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Sprouts Farmers Market were worth $1,743,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently bought and sold shares of the company. Rhumbline Advisers lifted its stake in Sprouts Farmers Market by 0.6% in the second quarter. Rhumbline Advisers now owns 324,805 shares of the company’s stock valued at $27,173,000 after acquiring an additional 1,862 shares during the last quarter. Versor Investments LP raised its holdings in shares of Sprouts Farmers Market by 45.8% during the 2nd quarter. Versor Investments LP now owns 16,197 shares of the company’s stock valued at $1,355,000 after purchasing an additional 5,091 shares in the last quarter. CIBC Asset Management Inc acquired a new stake in shares of Sprouts Farmers Market in the 2nd quarter valued at $236,000. Verus Capital Partners LLC boosted its holdings in Sprouts Farmers Market by 18.4% in the second quarter. Verus Capital Partners LLC now owns 18,714 shares of the company’s stock worth $1,566,000 after purchasing an additional 2,904 shares in the last quarter. Finally, Resonant Capital Advisors LLC increased its position in Sprouts Farmers Market by 5.3% during the second quarter. Resonant Capital Advisors LLC now owns 8,875 shares of the company’s stock worth $742,000 after buying an additional 446 shares during the last quarter.

Wall Street Analyst Weigh In

SFM has been the subject of a number of analyst reports. BMO Capital Markets raised Sprouts Farmers Market from an “underperform” rating to a “market perform” rating and boosted their price target for the stock from $40.00 to $102.00 in a research report on Tuesday, July 30th. Evercore ISI boosted their target price on Sprouts Farmers Market from $84.00 to $96.00 and gave the stock an “in-line” rating in a report on Tuesday, July 30th. The Goldman Sachs Group upped their target price on Sprouts Farmers Market from $89.00 to $111.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Roth Mkm lifted their price target on shares of Sprouts Farmers Market from $58.00 to $78.00 and gave the company a “neutral” rating in a research report on Tuesday, July 30th. Finally, Bank of America raised their target price on shares of Sprouts Farmers Market from $100.00 to $115.00 and gave the company a “buy” rating in a research note on Thursday. Eight research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $95.25.

Sprouts Farmers Market Trading Down 0.8 %

Sprouts Farmers Market stock opened at $98.83 on Friday. Sprouts Farmers Market, Inc. has a 12 month low of $38.46 and a 12 month high of $104.41. The stock has a market cap of $9.90 billion, a price-to-earnings ratio of 34.08, a price-to-earnings-growth ratio of 2.96 and a beta of 0.56. The business has a 50 day moving average price of $92.01 and a two-hundred day moving average price of $77.40. The company has a quick ratio of 0.44, a current ratio of 1.03 and a debt-to-equity ratio of 0.01.

Sprouts Farmers Market (NASDAQ:SFM) last issued its earnings results on Monday, July 29th. The company reported $0.94 EPS for the quarter, beating analysts’ consensus estimates of $0.78 by $0.16. Sprouts Farmers Market had a return on equity of 27.53% and a net margin of 4.52%. The business had revenue of $1.90 billion during the quarter, compared to analyst estimates of $1.84 billion. During the same period in the prior year, the company posted $0.71 earnings per share. Sprouts Farmers Market’s revenue was up 12.3% on a year-over-year basis. As a group, equities analysts forecast that Sprouts Farmers Market, Inc. will post 3.37 EPS for the current year.

Insider Transactions at Sprouts Farmers Market

In related news, VP Stacy W. Hilgendorf sold 1,904 shares of the company’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $101.12, for a total value of $192,532.48. Following the sale, the vice president now owns 10,237 shares of the company’s stock, valued at $1,035,165.44. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, VP Stacy W. Hilgendorf sold 1,904 shares of the business’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $101.12, for a total value of $192,532.48. Following the sale, the vice president now owns 10,237 shares of the company’s stock, valued at approximately $1,035,165.44. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Jack Sinclair sold 5,714 shares of the stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $101.09, for a total value of $577,628.26. Following the transaction, the chief executive officer now owns 222,432 shares of the company’s stock, valued at $22,485,650.88. The disclosure for this sale can be found here. In the last three months, insiders sold 126,942 shares of company stock valued at $12,373,193. Company insiders own 1.10% of the company’s stock.

About Sprouts Farmers Market

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.