State Board of Administration of Florida Retirement System increased its stake in shares of Sprouts Farmers Market Inc (NASDAQ:SFM) by 2.5% during the third quarter, Holdings Channel reports. The institutional investor owned 182,302 shares of the company’s stock after buying an additional 4,471 shares during the quarter. State Board of Administration of Florida Retirement System’s holdings in Sprouts Farmers Market were worth $4,997,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in SFM. Itau Unibanco Holding S.A. purchased a new stake in Sprouts Farmers Market in the second quarter valued at $102,000. NumerixS Investment Technologies Inc boosted its holdings in Sprouts Farmers Market by 407.1% in the second quarter. NumerixS Investment Technologies Inc now owns 7,100 shares of the company’s stock valued at $159,000 after purchasing an additional 5,700 shares during the last quarter. Harvest Fund Management Co. Ltd purchased a new stake in Sprouts Farmers Market in the third quarter valued at $194,000. Global X Management Co LLC boosted its holdings in Sprouts Farmers Market by 64.3% in the second quarter. Global X Management Co LLC now owns 8,907 shares of the company’s stock valued at $197,000 after purchasing an additional 3,485 shares during the last quarter. Finally, Acadian Asset Management LLC purchased a new stake in Sprouts Farmers Market in the second quarter valued at $242,000. 92.65% of the stock is currently owned by hedge funds and other institutional investors.

In related news, insider Brandon F. Lombardi sold 50,000 shares of the company’s stock in a transaction dated Friday, September 7th. The shares were sold at an average price of $28.28, for a total transaction of $1,414,000.00. Following the completion of the transaction, the insider now owns 93,581 shares in the company, valued at approximately $2,646,470.68. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Joe Fortunato sold 1,000 shares of the company’s stock in a transaction dated Friday, September 21st. The stock was sold at an average price of $27.52, for a total transaction of $27,520.00. Following the transaction, the director now owns 21,707 shares of the company’s stock, valued at approximately $597,376.64. The disclosure for this sale can be found here. Over the last three months, insiders have sold 71,929 shares of company stock worth $2,042,667. Corporate insiders own 1.80% of the company’s stock.

SFM stock opened at $27.50 on Friday. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.30 and a current ratio of 1.15. Sprouts Farmers Market Inc has a 52-week low of $20.24 and a 52-week high of $29.67. The stock has a market cap of $3.50 billion, a PE ratio of 27.23, a PEG ratio of 1.78 and a beta of 0.74.

Sprouts Farmers Market (NASDAQ:SFM) last posted its earnings results on Thursday, November 1st. The company reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.26 by $0.01. Sprouts Farmers Market had a net margin of 3.65% and a return on equity of 25.85%. The business had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.33 billion. During the same period in the prior year, the company posted $0.23 EPS. The company’s revenue for the quarter was up 10.2% on a year-over-year basis. Sell-side analysts forecast that Sprouts Farmers Market Inc will post 1.28 earnings per share for the current fiscal year.

Several equities research analysts have commented on the stock. BidaskClub raised shares of Sprouts Farmers Market from a “sell” rating to a “hold” rating in a report on Wednesday, August 22nd. Wells Fargo & Co lowered shares of Sprouts Farmers Market from an “outperform” rating to a “market perform” rating and set a $26.00 price target on the stock. in a report on Monday, September 24th. ValuEngine raised shares of Sprouts Farmers Market from a “sell” rating to a “hold” rating in a report on Monday, August 20th. UBS Group upped their price target on shares of Sprouts Farmers Market from $28.00 to $33.00 and gave the company a “buy” rating in a report on Monday, September 10th. Finally, TheStreet raised shares of Sprouts Farmers Market from a “c+” rating to a “b” rating in a report on Monday, August 6th. Twelve investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $28.06.

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Sprouts Farmers Market Profile

Sprouts Farmers Market, Inc, a healthy grocery store, provides fresh, natural, and organic food products in the United States. Its stores offer fresh produce, meat and seafood, deli and baked goods, packaged groceries, vitamins and supplements, bulk foods, dairy and dairy alternatives, frozen foods, beer and wine, and natural body care and household items.

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

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