Rhumbline Advisers Reduces Holdings in Sprouts Farmers Market Inc (NASDAQ:SFM)

Rhumbline Advisers trimmed its stake in Sprouts Farmers Market Inc (NASDAQ:SFM) by 1.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 289,677 shares of the company’s stock after selling 3,450 shares during the period. Rhumbline Advisers’ holdings in Sprouts Farmers Market were worth $5,602,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the company. Renaissance Technologies LLC lifted its position in shares of Sprouts Farmers Market by 24.7% in the 2nd quarter. Renaissance Technologies LLC now owns 5,964,500 shares of the company’s stock worth $112,669,000 after purchasing an additional 1,183,000 shares during the period. Impax Asset Management Group plc lifted its position in shares of Sprouts Farmers Market by 51.1% in the 2nd quarter. Impax Asset Management Group plc now owns 1,839,150 shares of the company’s stock worth $34,742,000 after purchasing an additional 621,658 shares during the period. Eaton Vance Management lifted its position in shares of Sprouts Farmers Market by 4.1% in the 2nd quarter. Eaton Vance Management now owns 1,800,621 shares of the company’s stock worth $34,014,000 after purchasing an additional 71,217 shares during the period. FMR LLC lifted its position in shares of Sprouts Farmers Market by 18.4% in the 1st quarter. FMR LLC now owns 1,549,395 shares of the company’s stock worth $33,375,000 after purchasing an additional 240,447 shares during the period. Finally, Nuveen Asset Management LLC lifted its position in Sprouts Farmers Market by 792.2% during the 2nd quarter. Nuveen Asset Management LLC now owns 1,296,570 shares of the company’s stock valued at $24,492,000 after acquiring an additional 1,151,243 shares during the period. 94.44% of the stock is owned by hedge funds and other institutional investors.

A number of research analysts recently issued reports on the stock. Oppenheimer cut shares of Sprouts Farmers Market from an “outperform” rating to a “market perform” rating in a research report on Tuesday, July 23rd. BidaskClub cut shares of Sprouts Farmers Market from a “sell” rating to a “strong sell” rating in a research report on Tuesday, September 24th. Northcoast Research raised shares of Sprouts Farmers Market from a “neutral” rating to a “buy” rating and set a $22.00 price target for the company in a research report on Thursday, August 15th. BMO Capital Markets cut shares of Sprouts Farmers Market from a “market perform” rating to an “underperform” rating and set a $15.00 price target for the company. in a research report on Friday, August 2nd. Finally, JPMorgan Chase & Co. cut shares of Sprouts Farmers Market from an “overweight” rating to a “neutral” rating and lowered their price target for the company from $22.00 to $19.00 in a research report on Friday, August 2nd. Five equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $21.82.

NASDAQ:SFM opened at $19.92 on Thursday. The firm has a market cap of $2.38 billion, a P/E ratio of 17.20, a P/E/G ratio of 2.25 and a beta of 0.37. The company has a debt-to-equity ratio of 2.92, a quick ratio of 0.27 and a current ratio of 0.87. Sprouts Farmers Market Inc has a fifty-two week low of $16.46 and a fifty-two week high of $28.69. The firm has a 50-day simple moving average of $18.90 and a two-hundred day simple moving average of $19.28.

Sprouts Farmers Market (NASDAQ:SFM) last released its quarterly earnings data on Wednesday, October 30th. The company reported $0.22 earnings per share for the quarter, beating analysts’ consensus estimates of $0.20 by $0.02. The business had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.42 billion. Sprouts Farmers Market had a net margin of 2.36% and a return on equity of 25.50%. Sprouts Farmers Market’s revenue was up 8.4% compared to the same quarter last year. During the same period last year, the business earned $0.27 EPS. On average, equities research analysts predict that Sprouts Farmers Market Inc will post 1.12 EPS for the current year.

Sprouts Farmers Market Profile

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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