FSC Wealth Advisors LLC trimmed its holdings in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM – Get Rating) by 31.3% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,100 shares of the company’s stock after selling 500 shares during the quarter. FSC Wealth Advisors LLC’s holdings in Sprouts Farmers Market were worth $28,000 as of its most recent filing with the SEC.
A number of other large investors have also recently bought and sold shares of SFM. Vanguard Group Inc. grew its position in Sprouts Farmers Market by 0.5% in the 1st quarter. Vanguard Group Inc. now owns 11,017,621 shares of the company’s stock valued at $352,344,000 after purchasing an additional 57,361 shares during the period. Renaissance Technologies LLC increased its position in shares of Sprouts Farmers Market by 2.2% in the first quarter. Renaissance Technologies LLC now owns 5,898,332 shares of the company’s stock worth $188,629,000 after purchasing an additional 128,000 shares during the last quarter. State Street Corp increased its position in shares of Sprouts Farmers Market by 0.4% in the first quarter. State Street Corp now owns 3,850,145 shares of the company’s stock worth $123,128,000 after purchasing an additional 16,499 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Sprouts Farmers Market by 2.6% in the first quarter. Dimensional Fund Advisors LP now owns 3,007,506 shares of the company’s stock worth $96,180,000 after buying an additional 77,540 shares in the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of Sprouts Farmers Market by 2.7% during the fourth quarter. Geode Capital Management LLC now owns 2,047,909 shares of the company’s stock valued at $60,781,000 after purchasing an additional 54,603 shares during the period. 98.92% of the stock is currently owned by institutional investors and hedge funds.
In other news, insider Dan J. Sanders sold 59,607 shares of Sprouts Farmers Market stock in a transaction that occurred on Monday, August 8th. The stock was sold at an average price of $30.26, for a total value of $1,803,707.82. Following the completion of the transaction, the insider now owns 9,787 shares in the company, valued at approximately $296,154.62. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other Sprouts Farmers Market news, insider Dan J. Sanders sold 59,607 shares of the company’s stock in a transaction on Monday, August 8th. The stock was sold at an average price of $30.26, for a total value of $1,803,707.82. Following the completion of the sale, the insider now directly owns 9,787 shares in the company, valued at approximately $296,154.62. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Jack Sinclair sold 26,536 shares of the company’s stock in a transaction on Monday, June 27th. The stock was sold at an average price of $25.65, for a total value of $680,648.40. Following the completion of the sale, the chief executive officer now owns 293,591 shares of the company’s stock, valued at $7,530,609.15. The disclosure for this sale can be found here. Insiders have sold a total of 88,708 shares of company stock valued at $2,561,152 in the last ninety days. Corporate insiders own 0.71% of the company’s stock.
Sprouts Farmers Market Stock Up 0.1 %
Sprouts Farmers Market (NASDAQ:SFM – Get Rating) last posted its quarterly earnings data on Wednesday, August 3rd. The company reported $0.57 earnings per share for the quarter, beating analysts’ consensus estimates of $0.52 by $0.05. Sprouts Farmers Market had a return on equity of 25.33% and a net margin of 4.01%. The company had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.58 billion. Sell-side analysts anticipate that Sprouts Farmers Market, Inc. will post 2.23 EPS for the current fiscal year.
Analysts Set New Price Targets
Separately, Credit Suisse Group dropped their price objective on Sprouts Farmers Market from $30.00 to $27.00 and set a “neutral” rating for the company in a research note on Tuesday, July 26th. Three investment analysts have rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the company. According to MarketBeat, Sprouts Farmers Market currently has a consensus rating of “Hold” and a consensus target price of $26.83.
Sprouts Farmers Market Profile
Sprouts Farmers Market, Inc offers fresh, natural, and organic food products in the United States. The company offers 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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