Mutual of America Capital Management LLC Lowers Stock Holdings in Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Mutual of America Capital Management LLC reduced its stake in Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 5.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 62,871 shares of the company’s stock after selling 3,545 shares during the quarter. Mutual of America Capital Management LLC owned 0.06% of Sprouts Farmers Market worth $3,025,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Boston Trust Walden Corp boosted its stake in shares of Sprouts Farmers Market by 1.2% in the fourth quarter. Boston Trust Walden Corp now owns 1,477,341 shares of the company’s stock valued at $71,075,000 after buying an additional 17,565 shares in the last quarter. Klein Pavlis & Peasley Financial Inc. purchased a new stake in shares of Sprouts Farmers Market in the fourth quarter valued at approximately $1,337,000. PFG Investments LLC purchased a new stake in shares of Sprouts Farmers Market in the fourth quarter valued at approximately $208,000. Teachers Retirement System of The State of Kentucky boosted its stake in shares of Sprouts Farmers Market by 89.6% in the third quarter. Teachers Retirement System of The State of Kentucky now owns 36,005 shares of the company’s stock valued at $1,541,000 after buying an additional 17,012 shares in the last quarter. Finally, Reinhart Partners LLC. boosted its stake in shares of Sprouts Farmers Market by 90.2% in the fourth quarter. Reinhart Partners LLC. now owns 741,211 shares of the company’s stock valued at $35,660,000 after buying an additional 351,446 shares in the last quarter.

Sprouts Farmers Market Price Performance

Shares of NASDAQ SFM opened at $63.10 on Friday. The company has a market capitalization of $6.39 billion, a price-to-earnings ratio of 25.14, a PEG ratio of 2.27 and a beta of 0.50. Sprouts Farmers Market, Inc. has a 1-year low of $32.12 and a 1-year high of $65.53. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.10 and a quick ratio of 0.51. The business has a 50-day moving average of $60.86 and a 200-day moving average of $51.01.

Sprouts Farmers Market (NASDAQ:SFM) last issued its quarterly earnings results on Thursday, February 22nd. The company reported $0.49 EPS for the quarter, beating analysts’ consensus estimates of $0.45 by $0.04. The firm had revenue of $1.70 billion during the quarter, compared to the consensus estimate of $1.69 billion. Sprouts Farmers Market had a return on equity of 26.71% and a net margin of 3.79%. Sprouts Farmers Market’s revenue for the quarter was up 7.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.42 earnings per share. On average, equities analysts anticipate that Sprouts Farmers Market, Inc. will post 2.95 EPS for the current fiscal year.

Analyst Ratings Changes

SFM has been the topic of a number of analyst reports. The Goldman Sachs Group lifted their price target on Sprouts Farmers Market from $56.00 to $71.00 and gave the company a “buy” rating in a research note on Tuesday, March 5th. Evercore ISI reduced their price objective on Sprouts Farmers Market from $62.00 to $61.00 and set an “in-line” rating for the company in a report on Tuesday. Finally, Bank of America raised Sprouts Farmers Market from an “underperform” rating to a “buy” rating and lifted their price objective for the stock from $30.00 to $70.00 in a report on Tuesday, February 27th. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $51.14.

Insider Buying and Selling at Sprouts Farmers Market

In other news, VP Stacy W. Hilgendorf sold 417 shares of the stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $62.47, for a total transaction of $26,049.99. Following the sale, the vice president now directly owns 10,331 shares in the company, valued at approximately $645,377.57. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, VP Stacy W. Hilgendorf sold 417 shares of the stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $62.47, for a total transaction of $26,049.99. Following the sale, the vice president now directly owns 10,331 shares in the company, valued at approximately $645,377.57. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Brandon F. Lombardi sold 22,799 shares of the stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $59.98, for a total value of $1,367,484.02. Following the sale, the insider now owns 8,328 shares in the company, valued at $499,513.44. The disclosure for this sale can be found here. Insiders have sold 160,852 shares of company stock worth $10,032,745 over the last quarter. 1.10% of the stock is owned by corporate insiders.

Sprouts Farmers Market Profile

Sprouts Farmers Market, Inc, together with its subsidiaries, engages in the retailing of fresh, natural, and organic food products under the Sprouts brand in the United States. It offers perishable product categories, including fresh produce, meat and meat alternatives, seafood, deli, bakery, floral, and dairy and dairy alternatives; and non-perishable product categories, such as grocery, vitamins and supplements, bulk items, frozen foods, beer and wine, and natural health and body care.