BlackRock Inc. cut its stake in Sprouts Farmers Market, Inc. (NASDAQ:SFM – Get Rating) by 2.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 12,966,493 shares of the company’s stock after selling 350,384 shares during the quarter. BlackRock Inc. owned approximately 12.25% of Sprouts Farmers Market worth $359,820,000 at the end of the most recent reporting period.
Other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. increased its position in shares of Sprouts Farmers Market by 0.5% during the first quarter. Vanguard Group Inc. now owns 11,017,621 shares of the company’s stock valued at $352,344,000 after acquiring an additional 57,361 shares during the last quarter. FMR LLC increased its holdings in Sprouts Farmers Market by 46.3% in the 2nd quarter. FMR LLC now owns 9,631,930 shares of the company’s stock valued at $243,881,000 after purchasing an additional 3,048,706 shares during the last quarter. Renaissance Technologies LLC raised its position in Sprouts Farmers Market by 3.5% in the second quarter. Renaissance Technologies LLC now owns 6,106,432 shares of the company’s stock valued at $154,615,000 after purchasing an additional 208,100 shares during the period. LSV Asset Management lifted its stake in Sprouts Farmers Market by 1.3% during the third quarter. LSV Asset Management now owns 5,222,061 shares of the company’s stock worth $144,912,000 after purchasing an additional 67,100 shares in the last quarter. Finally, State Street Corp boosted its position in shares of Sprouts Farmers Market by 0.4% during the first quarter. State Street Corp now owns 3,850,145 shares of the company’s stock worth $123,128,000 after buying an additional 16,499 shares during the period. Hedge funds and other institutional investors own 99.11% of the company’s stock.
Wall Street Analysts Forecast Growth
Several research firms recently issued reports on SFM. The Goldman Sachs Group increased their target price on Sprouts Farmers Market from $26.00 to $29.00 and gave the stock a “sell” rating in a research note on Wednesday, November 30th. Roth Capital reissued a “neutral” rating on shares of Sprouts Farmers Market in a research note on Friday, March 3rd. JPMorgan Chase & Co. upped their target price on shares of Sprouts Farmers Market from $33.00 to $35.00 and gave the stock a “neutral” rating in a research note on Wednesday. Deutsche Bank Aktiengesellschaft raised their price target on shares of Sprouts Farmers Market from $38.00 to $40.00 and gave the company a “buy” rating in a research report on Friday, March 3rd. Finally, Northcoast Research lowered Sprouts Farmers Market from a “buy” rating to a “neutral” rating in a research report on Thursday, November 17th. Three research analysts have rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $32.57.
Sprouts Farmers Market Stock Performance
Sprouts Farmers Market (NASDAQ:SFM – Get Rating) last released its quarterly earnings data on Thursday, March 2nd. The company reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.05. The business had revenue of $1.58 billion during the quarter, compared to analysts’ expectations of $1.56 billion. Sprouts Farmers Market had a return on equity of 25.40% and a net margin of 4.08%. The business’s quarterly revenue was up 5.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.32 EPS. Sell-side analysts predict that Sprouts Farmers Market, Inc. will post 2.51 earnings per share for the current fiscal year.
Insider Activity
In related news, insider David Mcglinchey sold 8,321 shares of Sprouts Farmers Market stock in a transaction on Friday, March 10th. The shares were sold at an average price of $32.85, for a total transaction of $273,344.85. Following the sale, the insider now directly owns 43,151 shares in the company, valued at approximately $1,417,510.35. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other Sprouts Farmers Market news, CEO Jack Sinclair sold 66,709 shares of the business’s stock in a transaction that occurred on Friday, March 10th. The stock was sold at an average price of $32.85, for a total value of $2,191,390.65. Following the completion of the sale, the chief executive officer now owns 290,928 shares in the company, valued at $9,556,984.80. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider David Mcglinchey sold 8,321 shares of the stock in a transaction that occurred on Friday, March 10th. The shares were sold at an average price of $32.85, for a total value of $273,344.85. Following the completion of the sale, the insider now directly owns 43,151 shares of the company’s stock, valued at $1,417,510.35. The disclosure for this sale can be found here. In the last quarter, insiders sold 75,492 shares of company stock worth $2,479,912. Corporate insiders own 0.71% of the company’s stock.
Sprouts Farmers Market Profile
Sprouts Farmers Market, Inc engages in the operation of healthy grocery stores. The firm specializes in fresh, natural and organic products. Its products include fresh produce, bulk foods, vitamins and supplements, grocery, meat and seafood, deli, bakery, dairy, frozen foods, body care and natural household items.
Featured Articles
- Get a free copy of the StockNews.com research report on Sprouts Farmers Market (SFM)
- 2 Offshore Drilling Stocks Set to Extract Big Profits
- Three Staples Stocks With Double-Digit Upside Ahead
- Can Investors Trust Consumers to Lift American Outdoor Brands?
- How to Buy High Yielding Dividend Stocks
- Oracle Has Spoken: Shares Fall 5%
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 – Get Rating).
Receive News & Ratings for Sprouts Farmers Market Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sprouts Farmers Market and related companies with MarketBeat.com's FREE daily email newsletter.
