State of New Jersey Common Pension Fund D Sells 646 Shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM)

State of New Jersey Common Pension Fund D lowered its holdings in Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 1.7% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 38,117 shares of the company’s stock after selling 646 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Sprouts Farmers Market were worth $4,208,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Atria Investments Inc raised its stake in Sprouts Farmers Market by 31.3% in the third quarter. Atria Investments Inc now owns 14,266 shares of the company’s stock valued at $1,575,000 after purchasing an additional 3,400 shares in the last quarter. Verdence Capital Advisors LLC acquired a new position in shares of Sprouts Farmers Market in the 3rd quarter valued at approximately $212,000. SpiderRock Advisors LLC bought a new stake in shares of Sprouts Farmers Market during the 3rd quarter worth approximately $3,252,000. Fiera Capital Corp bought a new stake in shares of Sprouts Farmers Market during the 3rd quarter worth approximately $31,712,000. Finally, Beacon Harbor Wealth Advisors Inc. acquired a new stake in shares of Sprouts Farmers Market during the 3rd quarter worth approximately $6,401,000.

Sprouts Farmers Market Price Performance

SFM stock opened at $146.07 on Wednesday. The company has a market capitalization of $14.61 billion, a P/E ratio of 42.22, a PEG ratio of 2.19 and a beta of 0.54. The company has a fifty day moving average price of $115.63 and a 200-day moving average price of $95.48. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.59 and a current ratio of 1.13. Sprouts Farmers Market, Inc. has a 52-week low of $40.39 and a 52-week high of $148.56.

Sprouts Farmers Market (NASDAQ:SFM) last announced its earnings results on Wednesday, October 30th. The company reported $0.91 EPS for the quarter, topping the consensus estimate of $0.77 by $0.14. The firm had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $1.88 billion. Sprouts Farmers Market had a return on equity of 28.24% and a net margin of 4.73%. The business’s quarterly revenue was up 13.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.65 EPS. As a group, equities analysts expect that Sprouts Farmers Market, Inc. will post 3.68 EPS for the current year.

Analyst Ratings Changes

Several research firms have weighed in on SFM. Royal Bank of Canada assumed coverage on Sprouts Farmers Market in a research note on Thursday, September 12th. They set a “sector perform” rating and a $107.00 target price for the company. BMO Capital Markets raised their price objective on Sprouts Farmers Market from $102.00 to $140.00 and gave the company a “market perform” rating in a research note on Thursday, October 31st. Melius Research started coverage on Sprouts Farmers Market in a research note on Monday, September 23rd. They issued a “hold” rating and a $105.00 price objective on the stock. Deutsche Bank Aktiengesellschaft raised their price objective on Sprouts Farmers Market from $63.00 to $76.00 and gave the company a “hold” rating in a research note on Monday, July 29th. Finally, Evercore ISI raised their price objective on Sprouts Farmers Market from $125.00 to $130.00 and gave the company an “outperform” rating in a research note on Tuesday, October 22nd. Nine equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, Sprouts Farmers Market has an average rating of “Hold” and a consensus target price of $115.40.

Insider Buying and Selling at Sprouts Farmers Market

In other news, CEO Jack Sinclair sold 5,714 shares of the company’s stock in a transaction on Monday, November 4th. The shares were sold at an average price of $132.60, for a total value of $757,676.40. Following the sale, the chief executive officer now directly owns 199,576 shares of the company’s stock, valued at approximately $26,463,777.60. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, CEO Jack Sinclair sold 5,714 shares of the business’s stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $132.60, for a total value of $757,676.40. Following the transaction, the chief executive officer now directly owns 199,576 shares of the company’s stock, valued at $26,463,777.60. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Dustin Hamilton sold 500 shares of the firm’s stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $97.52, for a total value of $48,760.00. Following the sale, the insider now directly owns 27,188 shares of the company’s stock, valued at $2,651,373.76. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 50,648 shares of company stock valued at $5,902,586. 1.10% of the stock is currently owned by company insiders.

Sprouts Farmers Market Company 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.