Sprouts Farmers Market, Inc. (SFM) Shares Bought by State Board of Administration of Florida Retirement System

State Board of Administration of Florida Retirement System boosted its stake in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 0.6% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 176,326 shares of the company’s stock after acquiring an additional 1,000 shares during the period. State Board of Administration of Florida Retirement System owned about 0.13% of Sprouts Farmers Market worth $3,997,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. PNC Financial Services Group Inc. raised its position in Sprouts Farmers Market by 9.4% during the first quarter. PNC Financial Services Group Inc. now owns 5,460 shares of the company’s stock worth $126,000 after acquiring an additional 468 shares during the period. Victory Capital Management Inc. acquired a new stake in shares of Sprouts Farmers Market in the first quarter valued at about $152,000. Asset Management One Co. Ltd. acquired a new stake in shares of Sprouts Farmers Market in the first quarter valued at about $161,000. Benjamin F. Edwards & Company Inc. raised its position in shares of Sprouts Farmers Market by 2.3% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 7,525 shares of the company’s stock valued at $171,000 after buying an additional 170 shares during the last quarter. Finally, First Quadrant L P CA raised its position in shares of Sprouts Farmers Market by 16.3% in the second quarter. First Quadrant L P CA now owns 7,905 shares of the company’s stock valued at $179,000 after buying an additional 1,105 shares during the last quarter. Institutional investors own 88.03% of the company’s stock.

In other news, insider Brandon F. Lombardi sold 20,000 shares of the business’s stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $24.34, for a total transaction of $486,800.00. Following the completion of the sale, the insider now owns 73,761 shares in the company, valued at approximately $1,795,342.74. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Daniel Bruni bought 15,000 shares of the firm’s stock in a transaction dated Friday, September 15th. The shares were purchased at an average price of $19.00 per share, with a total value of $285,000.00. The disclosure for this purchase can be found here. In the last ninety days, insiders have sold 48,448 shares of company stock valued at $1,158,504. Corporate insiders own 2.60% of the company’s stock.

A number of equities research analysts have recently commented on SFM shares. SunTrust Banks, Inc. reiterated a “buy” rating and issued a $27.00 target price on shares of Sprouts Farmers Market in a research report on Friday, September 15th. William Blair reiterated a “buy” rating on shares of Sprouts Farmers Market in a research report on Friday, August 25th. BidaskClub cut shares of Sprouts Farmers Market from a “buy” rating to a “hold” rating in a research report on Thursday, August 24th. BMO Capital Markets set a $24.00 target price on shares of Sprouts Farmers Market and gave the company a “hold” rating in a research report on Tuesday, August 29th. Finally, Jefferies Group LLC reiterated a “buy” rating and issued a $25.00 target price (down from $26.00) on shares of Sprouts Farmers Market in a research report on Friday, June 23rd. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and ten have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $25.25.

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Sprouts Farmers Market, Inc. (NASDAQ:SFM) opened at 18.75 on Friday. Sprouts Farmers Market, Inc. has a 52 week low of $17.38 and a 52 week high of $25.98. The firm’s 50-day moving average is $21.94 and its 200 day moving average is $22.59. The stock has a market cap of $2.54 billion, a price-to-earnings ratio of 21.14 and a beta of 0.56.

Sprouts Farmers Market (NASDAQ:SFM) last posted its quarterly earnings data on Thursday, August 3rd. The company reported $0.29 EPS for the quarter, beating the Zacks’ consensus estimate of $0.25 by $0.04. Sprouts Farmers Market had a net margin of 2.96% and a return on equity of 18.79%. The company had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.17 billion. During the same quarter in the prior year, the company posted $0.25 EPS. The company’s quarterly revenue was up 14.8% compared to the same quarter last year. On average, equities research analysts expect that Sprouts Farmers Market, Inc. will post $0.93 EPS for the current year.

Sprouts Farmers Market 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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