Dimensional Fund Advisors LP Grows Position in Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Posted by Defense World Staff on Sep 8th, 2023

Dimensional Fund Advisors LP increased its position in Sprouts Farmers Market, Inc. (NASDAQ:SFM – Free Report) by 1.6% during the 1st quarter, Holdings Channel.com reports. The firm owned 3,054,477 shares of the company’s stock after purchasing an additional 47,803 shares during the period. Dimensional Fund Advisors LP’s holdings in Sprouts Farmers Market were worth $106,995,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. William Blair Investment Management LLC grew its position in Sprouts Farmers Market by 0.4% in the 1st quarter. William Blair Investment Management LLC now owns 547,873 shares of the company’s stock worth $19,192,000 after purchasing an additional 2,101 shares during the period. C M Bidwell & Associates Ltd. purchased a new stake in Sprouts Farmers Market during the first quarter valued at $133,000. Panagora Asset Management Inc. purchased a new position in Sprouts Farmers Market in the first quarter worth about $223,000. Shelton Capital Management grew its stake in shares of Sprouts Farmers Market by 11.0% during the 1st quarter. Shelton Capital Management now owns 55,502 shares of the company’s stock valued at $1,944,000 after purchasing an additional 5,502 shares during the period. Finally, PAX Financial Group LLC bought a new stake in shares of Sprouts Farmers Market during the 1st quarter valued at about $565,000.

Sprouts Farmers Market Price Performance

NASDAQ:SFM opened at $38.81 on Friday. The business’s 50-day simple moving average is $38.53 and its two-hundred day simple moving average is $35.73. Sprouts Farmers Market, Inc. has a 52 week low of $26.34 and a 52 week high of $41.28. The stock has a market cap of $3.96 billion, a PE ratio of 16.10, a P/E/G ratio of 1.53 and a beta of 0.40. The company has a quick ratio of 0.58, a current ratio of 1.18 and a debt-to-equity ratio of 0.17.

Sprouts Farmers Market (NASDAQ:SFM – Get Free Report) last issued its earnings results on Tuesday, August 1st. The company reported $0.71 earnings per share for the quarter, topping analysts’ consensus estimates of $0.64 by $0.07. The firm had revenue of $1.69 billion during the quarter, compared to analyst estimates of $1.69 billion. Sprouts Farmers Market had a net margin of 3.86% and a return on equity of 27.23%. Sprouts Farmers Market’s revenue for the quarter was up 6.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.57 earnings per share. As a group, analysts forecast that Sprouts Farmers Market, Inc. will post 2.74 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

SFM has been the subject of several recent research reports. JPMorgan Chase & Co. boosted their target price on shares of Sprouts Farmers Market from $36.00 to $37.00 and gave the company a “neutral” rating in a research report on Wednesday, August 2nd. StockNews.com began coverage on shares of Sprouts Farmers Market in a research report on Saturday, August 19th. They set a “hold” rating for the company. Finally, Deutsche Bank Aktiengesellschaft cut Sprouts Farmers Market from a “buy” rating to a “hold” rating and decreased their target price for the stock from $45.00 to $42.00 in a report on Tuesday, July 25th. Three analysts have rated the stock with a sell rating and seven have issued a hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $33.63.

View Our Latest Report on Sprouts Farmers Market

Insider Buying and Selling at Sprouts Farmers Market

In related news, insider John Scott Neal sold 58,427 shares of the business’s stock in a transaction on Tuesday, August 15th. The stock was sold at an average price of $38.03, for a total transaction of $2,221,978.81. Following the completion of the transaction, the insider now owns 12,781 shares in the company, valued at approximately $486,061.43. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, SVP Kim Coffin sold 7,286 shares of the firm’s stock in a transaction that occurred on Wednesday, August 30th. The shares were sold at an average price of $40.58, for a total transaction of $295,665.88. Following the transaction, the senior vice president now directly owns 6,190 shares of the company’s stock, valued at $251,190.20. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider John Scott Neal sold 58,427 shares of the business’s stock in a transaction that occurred on Tuesday, August 15th. The shares were sold at an average price of $38.03, for a total value of $2,221,978.81. Following the completion of the sale, the insider now owns 12,781 shares of the company’s stock, valued at approximately $486,061.43. The disclosure for this sale can be found here. Insiders sold 69,349 shares of company stock worth $2,656,176 over the last 90 days. Company insiders own 1.20% of the company’s stock.

Sprouts Farmers Market Company Profile

(Free Report)

Sprouts Farmers Market, Inc, together with its subsidiaries, retails fresh, natural, and organic food products in the United States. It provides perishable product categories, including fresh produce, meat, 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.