Public Employees Retirement System of Ohio Trims Stake in Sprouts Farmers Market Inc (NASDAQ:SFM)

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Public Employees Retirement System of Ohio trimmed its stake in Sprouts Farmers Market Inc (NASDAQ:SFM) by 24.7% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 46,673 shares of the company’s stock after selling 15,310 shares during the period. Public Employees Retirement System of Ohio’s holdings in Sprouts Farmers Market were worth $882,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. 6 Meridian increased its stake in Sprouts Farmers Market by 3.7% in the 2nd quarter. 6 Meridian now owns 20,009 shares of the company’s stock worth $378,000 after buying an additional 706 shares in the last quarter. Oregon Public Employees Retirement Fund increased its stake in Sprouts Farmers Market by 1.4% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 51,248 shares of the company’s stock worth $968,000 after buying an additional 710 shares in the last quarter. Robecosam AG increased its stake in Sprouts Farmers Market by 1.0% in the 2nd quarter. Robecosam AG now owns 92,235 shares of the company’s stock worth $1,709,000 after buying an additional 924 shares in the last quarter. California State Teachers Retirement System increased its stake in Sprouts Farmers Market by 0.5% in the 1st quarter. California State Teachers Retirement System now owns 198,142 shares of the company’s stock worth $4,268,000 after buying an additional 998 shares in the last quarter. Finally, TD Asset Management Inc. increased its stake in Sprouts Farmers Market by 0.4% in the 1st quarter. TD Asset Management Inc. now owns 278,000 shares of the company’s stock worth $5,988,000 after buying an additional 1,000 shares in the last quarter. Hedge funds and other institutional investors own 93.96% of the company’s stock.

A number of brokerages have issued reports on SFM. BidaskClub upgraded Sprouts Farmers Market from a “strong sell” rating to a “sell” rating in a research note on Wednesday, September 11th. ValuEngine lowered Sprouts Farmers Market from a “hold” rating to a “sell” rating in a research note on Wednesday, September 4th. Zacks Investment Research lowered Sprouts Farmers Market from a “hold” rating to a “sell” rating and set a $19.00 price target for the company. in a research note on Friday, August 2nd. Wells Fargo & Co dropped their price objective on shares of Sprouts Farmers Market from $23.00 to $20.00 and set a “positive” rating for the company in a report on Friday, June 21st. Finally, CIBC reissued a “market perform” rating on shares of Sprouts Farmers Market in a report on Tuesday, July 23rd. Six research analysts have rated the stock with a sell rating, ten have issued a hold rating and three have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $22.47.

Shares of SFM traded down $0.15 during midday trading on Friday, hitting $19.24. 1,177,526 shares of the company traded hands, compared to its average volume of 1,229,389. The firm has a 50 day moving average of $18.30 and a 200-day moving average of $20.01. Sprouts Farmers Market Inc has a 52 week low of $16.46 and a 52 week high of $28.69. The stock has a market cap of $2.31 billion, a price-to-earnings ratio of 16.00, a PEG ratio of 2.25 and a beta of 0.38. The company has a debt-to-equity ratio of 3.02, a quick ratio of 0.25 and a current ratio of 0.85.

Sprouts Farmers Market (NASDAQ:SFM) last released its quarterly earnings data on Thursday, August 1st. The company reported $0.30 EPS for the quarter, missing the consensus estimate of $0.31 by ($0.01). Sprouts Farmers Market had a net margin of 2.61% and a return on equity of 26.10%. The company had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $1.45 billion. During the same period last year, the company earned $0.32 EPS. The firm’s revenue for the quarter was up 7.2% on a year-over-year basis. Sell-side analysts predict that Sprouts Farmers Market Inc will post 1.08 earnings per share for the current fiscal 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, bulk foods, vitamins and supplements, packaged groceries, meat and seafood, baked goods, dairy products, frozen foods, beer and wine, natural body care and household items.

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

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