LPL Financial LLC Increases Position in Sprouts Farmers Market Inc (SFM)

LPL Financial LLC lifted its holdings in Sprouts Farmers Market Inc (NASDAQ:SFM) by 6.1% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 49,717 shares of the company’s stock after purchasing an additional 2,876 shares during the period. LPL Financial LLC’s holdings in Sprouts Farmers Market were worth $1,169,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in SFM. New York State Teachers Retirement System lifted its position in shares of Sprouts Farmers Market by 1.2% during the 4th quarter. New York State Teachers Retirement System now owns 77,808 shares of the company’s stock worth $1,829,000 after buying an additional 900 shares during the last quarter. Arizona State Retirement System lifted its position in shares of Sprouts Farmers Market by 1.5% during the 4th quarter. Arizona State Retirement System now owns 91,586 shares of the company’s stock worth $2,153,000 after buying an additional 1,348 shares during the last quarter. Quantamental Technologies LLC purchased a new stake in shares of Sprouts Farmers Market during the 4th quarter worth approximately $37,000. Oregon Public Employees Retirement Fund lifted its position in shares of Sprouts Farmers Market by 4.5% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 50,538 shares of the company’s stock worth $1,188,000 after buying an additional 2,167 shares during the last quarter. Finally, Hsbc Holdings PLC lifted its position in shares of Sprouts Farmers Market by 13.0% during the 3rd quarter. Hsbc Holdings PLC now owns 23,170 shares of the company’s stock worth $635,000 after buying an additional 2,660 shares during the last quarter. Hedge funds and other institutional investors own 95.57% of the company’s stock.

Several analysts have recently weighed in on the stock. Zacks Investment Research restated a “hold” rating on shares of Sprouts Farmers Market in a research report on Thursday, November 15th. TheStreet downgraded shares of Sprouts Farmers Market from a “b” rating to a “c+” rating in a research report on Tuesday, March 5th. ValuEngine downgraded shares of Sprouts Farmers Market from a “buy” rating to a “hold” rating in a research report on Saturday, December 1st. Sanford C. Bernstein began coverage on shares of Sprouts Farmers Market in a research report on Friday, November 16th. They set an “underperform” rating and a $23.00 price objective for the company. Finally, Loop Capital set a $29.00 price target on shares of Sprouts Farmers Market and gave the company a “hold” rating in a research report on Friday, November 30th. Three research analysts have rated the stock with a sell rating, thirteen have given a hold rating and five have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $26.48.



SFM stock opened at $22.31 on Friday. Sprouts Farmers Market Inc has a 12 month low of $20.63 and a 12 month high of $29.67. The firm has a market capitalization of $2.77 billion, a P/E ratio of 17.29, a price-to-earnings-growth ratio of 1.73 and a beta of 0.50. The company has a quick ratio of 0.22, a current ratio of 1.08 and a debt-to-equity ratio of 0.97.

Sprouts Farmers Market (NASDAQ:SFM) last released its quarterly earnings results on Thursday, February 21st. The company reported $0.19 EPS for the quarter, beating the consensus estimate of $0.18 by $0.01. Sprouts Farmers Market had a net margin of 3.04% and a return on equity of 27.02%. The firm had revenue of $1.27 billion during the quarter, compared to the consensus estimate of $1.26 billion. During the same quarter in the prior year, the firm earned $0.16 EPS. Sprouts Farmers Market’s revenue for the quarter was up 11.0% on a year-over-year basis. On average, equities research analysts forecast that Sprouts Farmers Market Inc will post 1.2 earnings per share for the current fiscal year.

In other Sprouts Farmers Market news, CEO James Leroy Nielsen sold 17,267 shares of the company’s stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $22.94, for a total transaction of $396,104.98. Following the completion of the transaction, the chief executive officer now owns 130,750 shares in the company, valued at approximately $2,999,405. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Theodore Edward Frumkin II sold 3,106 shares of the company’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $22.95, for a total transaction of $71,282.70. Following the transaction, the insider now owns 31,826 shares of the company’s stock, valued at approximately $730,406.70. The disclosure for this sale can be found here. In the last quarter, insiders sold 44,394 shares of company stock valued at $1,020,298. 1.80% of the stock is owned by insiders.

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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, 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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