Mutual of America Capital Management LLC increased its stake in Sprouts Farmers Market Inc. (NASDAQ:SFM) by 1.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 107,211 shares of the company’s stock after buying an additional 1,921 shares during the period. Mutual of America Capital Management LLC owned approximately 0.07% of Sprouts Farmers Market worth $2,214,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. First Quadrant L P CA raised its position in shares of Sprouts Farmers Market by 6,508.8% in the second quarter. First Quadrant L P CA now owns 449,400 shares of the company’s stock valued at $10,291,000 after buying an additional 442,600 shares during the last quarter. Eagle Asset Management Inc. purchased a new stake in shares of Sprouts Farmers Market during the second quarter valued at approximately $8,306,000. Capstone Asset Management Co. increased its stake in shares of Sprouts Farmers Market by 8.2% in the second quarter. Capstone Asset Management Co. now owns 18,490 shares of the company’s stock valued at $423,000 after buying an additional 1,400 shares during the period. Quotient Investors LLC purchased a new stake in shares of Sprouts Farmers Market during the second quarter valued at approximately $1,213,000. Finally, Benjamin F. Edwards & Company Inc. increased its stake in shares of Sprouts Farmers Market by 13.1% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 8,088 shares of the company’s stock valued at $185,000 after buying an additional 936 shares during the period. Institutional investors and hedge funds own 92.59% of the company’s stock.

Institutional Ownership by Quarter for Sprouts Farmers Market (NASDAQ:SFM)

Sprouts Farmers Market Inc. (NASDAQ:SFM) traded down 3.17% during midday trading on Tuesday, hitting $20.48. 2,876,666 shares of the stock traded hands. Sprouts Farmers Market Inc. has a 12 month low of $18.70 and a 12 month high of $30.00. The company’s 50 day moving average price is $21.53 and its 200 day moving average price is $22.33. The firm has a market cap of $2.91 billion, a PE ratio of 23.04 and a beta of 0.67.

Sprouts Farmers Market (NASDAQ:SFM) last issued its earnings results on Thursday, November 3rd. The company reported $0.16 EPS for the quarter, missing the Zacks’ consensus estimate of $0.17 by $0.01. The firm earned $1.04 billion during the quarter, compared to analysts’ expectations of $1.01 billion. Sprouts Farmers Market had a net margin of 3.40% and a return on equity of 17.00%. Sprouts Farmers Market’s quarterly revenue was up 14.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.21 EPS. Equities research analysts predict that Sprouts Farmers Market Inc. will post $0.84 earnings per share for the current fiscal year.

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Several brokerages recently commented on SFM. Royal Bank Of Canada reissued an “outperform” rating and set a $33.00 price objective on shares of Sprouts Farmers Market in a research report on Tuesday, August 2nd. Goldman Sachs Group Inc. reissued a “buy” rating on shares of Sprouts Farmers Market in a research report on Tuesday, September 13th. Bank of America Corp. set a $28.00 price objective on shares of Sprouts Farmers Market and gave the company a “buy” rating in a research report on Sunday, November 6th. Credit Suisse Group AG reissued a “buy” rating and set a $28.00 price objective on shares of Sprouts Farmers Market in a research report on Monday, August 8th. Finally, Piper Jaffray Cos. reissued a “neutral” rating and set a $21.00 price objective (down from $28.00) on shares of Sprouts Farmers Market in a research report on Monday, August 8th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and seventeen have assigned a buy rating to the stock. Sprouts Farmers Market currently has a consensus rating of “Buy” and an average target price of $26.50.

In related news, CFO Bradley Lukow acquired 10,000 shares of the stock in a transaction on Monday, September 12th. The shares were acquired at an average price of $19.45 per share, for a total transaction of $194,500.00. The purchase was disclosed in a filing with the SEC, which is available at this link. Also, insider Brandon F. Lombardi sold 22,959 shares of the company’s stock in a transaction that occurred on Friday, November 11th. The stock was sold at an average price of $21.03, for a total value of $482,827.77. Following the completion of the sale, the insider now owns 30,118 shares in the company, valued at approximately $633,381.54. The disclosure for this sale can be found here. 2.60% of the stock is owned by corporate insiders.

About Sprouts Farmers Market

Sprouts Farmers Market, Inc is a food retailer that offers natural and organic food, including produce, bulk foods, meat and seafood, bakery, dairy, frozen foods, body care and natural household items. The Company categorizes its products as perishable and non-perishable. Its perishable product category includes produce, meat, seafood, deli and bakery.

5 Day Chart for NASDAQ:SFM

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