State of Alaska Department of Revenue grew its position in Sprouts Farmers Market, Inc. (NASDAQ:SFM – Free Report) by 28.2% during the 2nd quarter, Holdings Channel.com reports. The firm owned 18,702 shares of the company’s stock after purchasing an additional 4,118 shares during the period. State of Alaska Department of Revenue’s holdings in Sprouts Farmers Market were worth $686,000 as of its most recent SEC filing.
Other large investors have also made changes to their positions in the company. Ronald Blue Trust Inc. grew its position in Sprouts Farmers Market by 57.2% during the 1st quarter. Ronald Blue Trust Inc. now owns 4,500 shares of the company’s stock worth $145,000 after purchasing an additional 1,638 shares during the last quarter. Boston Trust Walden Corp acquired a new position in shares of Sprouts Farmers Market in the 2nd quarter valued at $35,068,000. Gilder Gagnon Howe & Co. LLC raised its stake in Sprouts Farmers Market by 24.6% in the 1st quarter. Gilder Gagnon Howe & Co. LLC now owns 684,248 shares of the company’s stock worth $23,969,000 after acquiring an additional 134,926 shares during the last quarter. Ontario Teachers Pension Plan Board acquired a new stake in Sprouts Farmers Market during the 1st quarter worth about $237,000. Finally, Arizona State Retirement System grew its stake in Sprouts Farmers Market by 1.2% during the 1st quarter. Arizona State Retirement System now owns 30,671 shares of the company’s stock valued at $1,074,000 after purchasing an additional 350 shares during the last quarter.
Insider Activity at Sprouts Farmers Market
In other Sprouts Farmers Market news, VP Stacy W. Hilgendorf sold 6,626 shares of the company’s stock in a transaction on Tuesday, September 12th. The shares were sold at an average price of $39.99, for a total transaction of $264,973.74. Following the completion of the transaction, the vice president now directly owns 11,474 shares in the company, valued at $458,845.26. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CFO Lawrence Molloy sold 71,242 shares of Sprouts Farmers Market stock in a transaction that occurred on Thursday, September 21st. The stock was sold at an average price of $40.30, for a total value of $2,871,052.60. Following the sale, the chief financial officer now directly owns 117,202 shares of the company’s stock, valued at $4,723,240.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Stacy W. Hilgendorf sold 6,626 shares of the business’s stock in a transaction that occurred on Tuesday, September 12th. The stock was sold at an average price of $39.99, for a total value of $264,973.74. Following the sale, the vice president now owns 11,474 shares of the company’s stock, valued at $458,845.26. The disclosure for this sale can be found here. In the last quarter, insiders have sold 147,217 shares of company stock valued at $5,792,203. 1.20% of the stock is owned by company insiders.
Wall Street Analyst Weigh In
View Our Latest Stock Analysis on SFM
Sprouts Farmers Market Trading Down 1.6 %
SFM stock opened at $42.28 on Friday. 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, Inc. has a 52-week low of $26.34 and a 52-week high of $44.24. The company’s 50-day simple moving average is $40.74 and its 200-day simple moving average is $37.59. The firm has a market cap of $4.31 billion, a P/E ratio of 17.54, a PEG ratio of 1.69 and a beta of 0.38.
Sprouts Farmers Market (NASDAQ:SFM – Get Free Report) last issued its quarterly earnings results on Tuesday, August 1st. The company reported $0.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.64 by $0.07. The company had revenue of $1.69 billion for the quarter, compared to the consensus estimate of $1.69 billion. Sprouts Farmers Market had a return on equity of 27.23% and a net margin of 3.86%. 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 posted $0.57 earnings per share. As a group, equities analysts forecast that Sprouts Farmers Market, Inc. will post 2.75 EPS for the current fiscal year.
About Sprouts Farmers Market
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.
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