Granite Investment Partners LLC Sells 153,779 Shares of Sprouts Farmers Market Inc (SFM)

Granite Investment Partners LLC reduced its holdings in shares of Sprouts Farmers Market Inc (NASDAQ:SFM) by 82.3% in the second quarter, HoldingsChannel.com reports. The fund owned 33,111 shares of the company’s stock after selling 153,779 shares during the period. Granite Investment Partners LLC’s holdings in Sprouts Farmers Market were worth $731,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of SFM. Point72 Asia Hong Kong Ltd lifted its position in Sprouts Farmers Market by 996.0% during the 1st quarter. Point72 Asia Hong Kong Ltd now owns 5,973 shares of the company’s stock valued at $140,000 after acquiring an additional 5,428 shares during the period. TLP Group LLC lifted its position in Sprouts Farmers Market by 4,534.1% during the 1st quarter. TLP Group LLC now owns 6,395 shares of the company’s stock valued at $150,000 after acquiring an additional 6,257 shares during the period. Macquarie Group Ltd. purchased a new position in Sprouts Farmers Market during the 4th quarter valued at about $168,000. Meeder Asset Management Inc. lifted its position in Sprouts Farmers Market by 61.3% during the 1st quarter. Meeder Asset Management Inc. now owns 8,712 shares of the company’s stock valued at $204,000 after acquiring an additional 3,310 shares during the period. Finally, Van Hulzen Asset Management LLC purchased a new position in Sprouts Farmers Market during the 1st quarter valued at about $210,000. 93.07% of the stock is owned by institutional investors.

In other news, CEO Amin N. Maredia sold 12,303 shares of Sprouts Farmers Market stock in a transaction that occurred on Monday, July 2nd. The shares were sold at an average price of $22.03, for a total value of $271,035.09. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO James Leroy Nielsen sold 1,165 shares of Sprouts Farmers Market stock in a transaction that occurred on Monday, July 2nd. The stock was sold at an average price of $22.03, for a total transaction of $25,664.95. The disclosure for this sale can be found here. 1.80% of the stock is currently owned by insiders.

A number of research analysts recently issued reports on SFM shares. Citigroup started coverage on shares of Sprouts Farmers Market in a research report on Friday, July 6th. They set a “buy” rating for the company. Loop Capital set a $24.00 price target on shares of Sprouts Farmers Market and gave the company a “hold” rating in a research report on Tuesday, July 17th. Zacks Investment Research cut shares of Sprouts Farmers Market from a “buy” rating to a “hold” rating in a research report on Tuesday, August 7th. TheStreet cut shares of Sprouts Farmers Market from a “b-” rating to a “c+” rating in a research report on Thursday, May 31st. Finally, UBS Group lifted their price target on shares of Sprouts Farmers Market from $27.00 to $28.00 and gave the company a “buy” rating in a research report on Friday, August 3rd. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and nine have assigned a buy rating to the company’s stock. Sprouts Farmers Market has a consensus rating of “Hold” and an average price target of $26.47.

Shares of Sprouts Farmers Market stock opened at $23.69 on Friday. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.04 and a quick ratio of 0.25. The stock has a market capitalization of $2.96 billion, a price-to-earnings ratio of 23.46, a PEG ratio of 1.49 and a beta of 0.81. Sprouts Farmers Market Inc has a 52-week low of $17.55 and a 52-week high of $28.29.

Sprouts Farmers Market (NASDAQ:SFM) last issued its earnings results on Thursday, August 2nd. The company reported $0.32 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.32. The business had revenue of $1.32 billion during the quarter, compared to analysts’ expectations of $1.32 billion. Sprouts Farmers Market had a net margin of 3.62% and a return on equity of 25.56%. The business’s revenue for the quarter was up 11.6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.29 earnings per share. research analysts predict that Sprouts Farmers Market Inc will post 1.26 EPS for the current year.

About Sprouts Farmers Market

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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