Vestcor Inc cut its holdings in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM - Free Report) by 15.7% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 176,644 shares of the company's stock after selling 33,021 shares during the period. Sprouts Farmers Market comprises approximately 0.9% of Vestcor Inc's investment portfolio, making the stock its 15th biggest position. Vestcor Inc owned 0.18% of Sprouts Farmers Market worth $26,963,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SFM. XTX Topco Ltd increased its holdings in Sprouts Farmers Market by 687.2% in the first quarter. XTX Topco Ltd now owns 18,073 shares of the company's stock valued at $2,759,000 after purchasing an additional 15,777 shares during the period. Federated Hermes Inc. increased its holdings in Sprouts Farmers Market by 4.1% in the first quarter. Federated Hermes Inc. now owns 396,725 shares of the company's stock valued at $60,556,000 after purchasing an additional 15,557 shares during the period. Meeder Asset Management Inc. increased its holdings in Sprouts Farmers Market by 600.9% in the first quarter. Meeder Asset Management Inc. now owns 7,163 shares of the company's stock valued at $1,093,000 after purchasing an additional 6,141 shares during the period. SLT Holdings LLC increased its holdings in Sprouts Farmers Market by 3.1% in the first quarter. SLT Holdings LLC now owns 6,713 shares of the company's stock valued at $1,025,000 after purchasing an additional 200 shares during the period. Finally, Foundations Investment Advisors LLC raised its position in shares of Sprouts Farmers Market by 1.6% in the 1st quarter. Foundations Investment Advisors LLC now owns 6,756 shares of the company's stock worth $1,031,000 after acquiring an additional 107 shares in the last quarter.
Sprouts Farmers Market Stock Performance
Sprouts Farmers Market stock traded up $2.54 during trading hours on Friday, hitting $154.08. The company had a trading volume of 2,044,686 shares, compared to its average volume of 1,362,586. Sprouts Farmers Market, Inc. has a 1 year low of $91.36 and a 1 year high of $182.00. The firm has a market cap of $15.06 billion, a P/E ratio of 31.70, a P/E/G ratio of 1.81 and a beta of 0.78. The company has a 50-day moving average price of $163.73 and a two-hundred day moving average price of $158.31.
Sprouts Farmers Market (NASDAQ:SFM - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The company reported $1.35 EPS for the quarter, topping the consensus estimate of $1.23 by $0.12. The firm had revenue of $2.22 billion during the quarter, compared to analyst estimates of $2.16 billion. Sprouts Farmers Market had a net margin of 5.77% and a return on equity of 36.53%. Sprouts Farmers Market's revenue was up 17.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.94 EPS. As a group, equities research analysts anticipate that Sprouts Farmers Market, Inc. will post 4.29 EPS for the current year.
Insider Transactions at Sprouts Farmers Market
In related news, insider John Scott Neal sold 17,721 shares of Sprouts Farmers Market stock in a transaction that occurred on Thursday, May 15th. The shares were sold at an average price of $160.89, for a total value of $2,851,131.69. Following the completion of the transaction, the insider owned 14,178 shares in the company, valued at approximately $2,281,098.42. The trade was a 55.55% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Jack Sinclair sold 4,054 shares of the business's stock in a transaction that occurred on Monday, June 16th. The stock was sold at an average price of $160.45, for a total transaction of $650,464.30. Following the transaction, the chief executive officer owned 174,740 shares of the company's stock, valued at $28,037,033. This trade represents a 2.27% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 65,743 shares of company stock valued at $10,769,633. Company insiders own 1.10% of the company's stock.
Wall Street Analyst Weigh In
SFM has been the subject of several research reports. Jefferies Financial Group upgraded Sprouts Farmers Market from a "hold" rating to a "buy" rating and set a $190.00 target price for the company in a research note on Friday. Roth Capital set a $155.00 target price on Sprouts Farmers Market and gave the company a "neutral" rating in a research note on Thursday, May 1st. Wells Fargo & Company raised their target price on Sprouts Farmers Market from $170.00 to $175.00 and gave the company an "equal weight" rating in a research note on Thursday, May 1st. Evercore ISI raised their target price on Sprouts Farmers Market from $180.00 to $185.00 and gave the company an "outperform" rating in a research note on Thursday, May 1st. Finally, Royal Bank Of Canada raised their target price on Sprouts Farmers Market from $173.00 to $176.00 and gave the company a "sector perform" rating in a research note on Thursday. Eight equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, Sprouts Farmers Market has a consensus rating of "Moderate Buy" and an average target price of $171.53.
View Our Latest Analysis on Sprouts Farmers Market
About Sprouts Farmers Market
(
Free Report)
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.
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