Morgan Stanley lowered its position in Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 23.2% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 848,643 shares of the company’s stock after selling 256,022 shares during the period. Morgan Stanley owned 0.62% of Sprouts Farmers Market worth $19,621,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of SFM. ING Groep NV acquired a new position in Sprouts Farmers Market during the first quarter valued at $98,411,000. FMR LLC boosted its stake in Sprouts Farmers Market by 771.4% in the first quarter. FMR LLC now owns 1,691,438 shares of the company’s stock valued at $39,106,000 after buying an additional 1,497,338 shares during the last quarter. Carve CapitalAB boosted its stake in Sprouts Farmers Market by 54.1% in the first quarter. Carve CapitalAB now owns 4,100,000 shares of the company’s stock valued at $95,412,000 after buying an additional 1,439,258 shares during the last quarter. Norges Bank purchased a new stake in Sprouts Farmers Market during the fourth quarter valued at approximately $18,761,000. Finally, Rice Hall James & Associates LLC purchased a new stake in Sprouts Farmers Market during the first quarter valued at approximately $22,210,000. Hedge funds and other institutional investors own 86.88% of the company’s stock.

Shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) traded down 0.73% during mid-day trading on Tuesday, hitting $24.34. The company had a trading volume of 2,208,404 shares. Sprouts Farmers Market, Inc. has a one year low of $17.38 and a one year high of $25.98. The company has a market capitalization of $3.35 billion, a PE ratio of 28.60 and a beta of 0.52. The company’s 50-day moving average is $23.20 and its 200 day moving average is $21.92.

Sprouts Farmers Market (NASDAQ:SFM) last issued its earnings results on Thursday, August 3rd. The company reported $0.29 EPS for the quarter, topping the Zacks’ consensus estimate of $0.25 by $0.04. The business had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.17 billion. Sprouts Farmers Market had a net margin of 2.96% and a return on equity of 18.79%. The company’s quarterly revenue was up 14.8% compared to the same quarter last year. During the same period last year, the company posted $0.25 earnings per share. On average, equities research analysts forecast that Sprouts Farmers Market, Inc. will post $0.92 EPS for the current fiscal year.

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Several equities research analysts have commented on the company. Zacks Investment Research upgraded Sprouts Farmers Market from a “sell” rating to a “hold” rating in a research note on Saturday. J P Morgan Chase & Co raised Sprouts Farmers Market from a “neutral” rating to an “overweight” rating in a research report on Friday. Wells Fargo & Company reaffirmed a “buy” rating on shares of Sprouts Farmers Market in a research report on Thursday, August 3rd. Royal Bank Of Canada set a $28.00 price target on Sprouts Farmers Market and gave the stock a “buy” rating in a research report on Monday, July 31st. Finally, Jefferies Group LLC lowered Sprouts Farmers Market from a “buy” rating to a “hold” rating and set a $26.00 price target on the stock. in a research report on Thursday, July 27th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and fifteen have given a buy rating to the company. Sprouts Farmers Market has an average rating of “Buy” and a consensus price target of $25.05.

In other news, CEO Amin N. Maredia sold 13,448 shares of the firm’s stock in a transaction that occurred on Monday, July 3rd. The shares were sold at an average price of $22.71, for a total transaction of $305,404.08. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Brandon F. Lombardi sold 20,000 shares of the firm’s stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $24.34, for a total transaction of $486,800.00. Following the transaction, the insider now directly owns 73,761 shares in the company, valued at $1,795,342.74. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 139,246 shares of company stock worth $3,327,727. Corporate insiders own 2.60% of the company’s stock.

About Sprouts Farmers Market

Sprouts Farmers Market, Inc is a food retailer. The Company operates as a grocery store that offers fresh, natural and organic food that includes fresh produce, bulk foods, vitamins and supplements, packaged groceries, meat and seafood, deli, baked goods, dairy products, frozen foods, body care and natural household items catering to consumers’ interest in health and wellness.

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

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