Pacer Advisors Inc. Invests $933,000 in Sprouts Farmers Market Inc (NASDAQ:SFM)

Pacer Advisors Inc. acquired a new position in shares of Sprouts Farmers Market Inc (NASDAQ:SFM) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 49,379 shares of the company’s stock, valued at approximately $933,000.

Other institutional investors also recently made changes to their positions in the company. Dimensional Fund Advisors LP boosted its holdings in Sprouts Farmers Market by 4.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,763,323 shares of the company’s stock valued at $64,965,000 after purchasing an additional 130,215 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Sprouts Farmers Market by 7.3% in the fourth quarter. Geode Capital Management LLC now owns 1,292,059 shares of the company’s stock valued at $30,376,000 after purchasing an additional 87,675 shares in the last quarter. Alps Advisors Inc. boosted its holdings in Sprouts Farmers Market by 9.5% in the first quarter. Alps Advisors Inc. now owns 18,358 shares of the company’s stock valued at $395,000 after purchasing an additional 1,596 shares in the last quarter. Texas Permanent School Fund boosted its holdings in Sprouts Farmers Market by 0.9% in the first quarter. Texas Permanent School Fund now owns 84,278 shares of the company’s stock valued at $1,815,000 after purchasing an additional 775 shares in the last quarter. Finally, Stephens Inc. AR boosted its holdings in Sprouts Farmers Market by 17.9% in the first quarter. Stephens Inc. AR now owns 24,564 shares of the company’s stock valued at $529,000 after purchasing an additional 3,732 shares in the last quarter. 94.18% of the stock is owned by institutional investors and hedge funds.

A number of brokerages recently issued reports on SFM. BidaskClub raised Sprouts Farmers Market from a “strong sell” rating to a “sell” rating in a report on Wednesday. JPMorgan Chase & Co. downgraded 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 report on Friday, August 2nd. ValuEngine downgraded Sprouts Farmers Market from a “hold” rating to a “sell” rating in a report on Wednesday, September 4th. Zacks Investment Research cut Sprouts Farmers Market from a “hold” rating to a “sell” rating and set a $19.00 price objective for the company. in a research note on Friday, August 2nd. Finally, Wells Fargo & Co reduced their price objective on Sprouts Farmers Market from $23.00 to $20.00 and set a “positive” rating for the company in a research note on Friday, June 21st. Six investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have assigned a buy rating to the company. Sprouts Farmers Market presently has an average rating of “Hold” and an average price target of $22.47.



NASDAQ SFM traded up $0.34 on Friday, reaching $20.08. The stock had a trading volume of 1,045,704 shares, compared to its average volume of 1,259,984. 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 Inc has a 12-month low of $16.46 and a 12-month high of $28.69. The business’s 50-day moving average price is $17.95 and its 200 day moving average price is $20.13. The stock has a market cap of $2.33 billion, a P/E ratio of 15.57, a price-to-earnings-growth ratio of 2.24 and a beta of 0.38.

Sprouts Farmers Market (NASDAQ:SFM) last issued its quarterly earnings data on Thursday, August 1st. The company reported $0.30 earnings per share for the quarter, missing the Zacks’ 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 firm had revenue of $1.42 billion during the quarter, compared to analysts’ expectations of $1.45 billion. During the same quarter in the prior year, the firm posted $0.32 EPS. Sprouts Farmers Market’s quarterly revenue was up 7.2% compared to the same quarter last year. On average, sell-side analysts predict that Sprouts Farmers Market Inc will post 1.08 earnings per share 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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