Sprouts Farmers Market, Inc. (SFM) Shares Sold by Federated Investors Inc. PA

Federated Investors Inc. PA lowered its holdings in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 8.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 65,432 shares of the company’s stock after selling 5,935 shares during the quarter. Federated Investors Inc. PA’s holdings in Sprouts Farmers Market were worth $1,483,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Capstone Asset Management Co. grew its holdings in Sprouts Farmers Market by 13.3% during the 1st quarter. Capstone Asset Management Co. now owns 13,550 shares of the company’s stock valued at $313,000 after buying an additional 1,590 shares in the last quarter. Russell Investments Group Ltd. grew its holdings in Sprouts Farmers Market by 14.7% during the 1st quarter. Russell Investments Group Ltd. now owns 24,050 shares of the company’s stock valued at $556,000 after buying an additional 3,091 shares in the last quarter. Oregon Public Employees Retirement Fund grew its holdings in Sprouts Farmers Market by 1.2% during the 1st quarter. Oregon Public Employees Retirement Fund now owns 48,887 shares of the company’s stock valued at $1,130,000 after buying an additional 600 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in Sprouts Farmers Market by 26.3% during the 1st quarter. Bank of New York Mellon Corp now owns 2,701,767 shares of the company’s stock valued at $62,464,000 after buying an additional 563,159 shares in the last quarter. Finally, Comerica Bank grew its holdings in Sprouts Farmers Market by 31.9% during the 1st quarter. Comerica Bank now owns 105,852 shares of the company’s stock valued at $2,404,000 after buying an additional 25,591 shares in the last quarter. Hedge funds and other institutional investors own 88.09% of the company’s stock.

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Several research firms have weighed in on SFM. UBS AG upgraded Sprouts Farmers Market from a “market perform” rating to an “outperform” rating in a report on Friday, June 16th. BMO Capital Markets set a $24.00 price target on Sprouts Farmers Market and gave the company a “hold” rating in a report on Saturday, June 10th. Jefferies Group LLC restated a “hold” rating and set a $26.00 price target on shares of Sprouts Farmers Market in a report on Tuesday, July 25th. Zacks Investment Research cut Sprouts Farmers Market from a “buy” rating to a “hold” rating in a report on Tuesday, June 20th. Finally, Deutsche Bank AG restated a “hold” rating and set a $24.00 price target (up previously from $22.00) on shares of Sprouts Farmers Market in a report on Wednesday, August 9th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and ten have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $25.00.

In related news, Director Steven H. Townsend sold 15,000 shares of the stock in a transaction that occurred on Thursday, August 17th. The stock was sold at an average price of $24.42, for a total value of $366,300.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Brandon F. Lombardi sold 20,000 shares of the stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $24.34, for a total value of $486,800.00. Following the completion of the transaction, the insider now owns 73,761 shares of the company’s stock, valued at $1,795,342.74. The disclosure for this sale can be found here. Insiders sold 48,448 shares of company stock valued at $1,158,504 over the last 90 days. Company insiders own 2.60% of the company’s stock.

Shares of Sprouts Farmers Market, Inc. (SFM) opened at 19.56 on Wednesday. The company’s 50 day moving average price is $22.82 and its 200-day moving average price is $22.56. The company has a market capitalization of $2.65 billion, a price-to-earnings ratio of 22.05 and a beta of 0.56. Sprouts Farmers Market, Inc. has a 52 week low of $17.38 and a 52 week high of $25.98.

Sprouts Farmers Market (NASDAQ:SFM) last posted its quarterly earnings results on Thursday, August 3rd. The company reported $0.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.25 by $0.04. The business had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.17 billion. Sprouts Farmers Market had a return on equity of 18.79% and a net margin of 2.96%. The business’s revenue was up 14.8% compared to the same quarter last year. During the same period in the prior year, the business earned $0.25 earnings per share. Analysts anticipate that Sprouts Farmers Market, Inc. will post $0.93 earnings per share for the current fiscal year.

Sprouts Farmers Market Company Profile

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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