Principal Financial Group Inc. grew its stake in Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 4.6% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 553,425 shares of the company’s stock after acquiring an additional 24,367 shares during the quarter. Principal Financial Group Inc. owned about 0.40% of Sprouts Farmers Market worth $12,546,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Sprouts Farmers Market by 855.6% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 577,165 shares of the company’s stock worth $13,084,000 after acquiring an additional 516,768 shares during the last quarter. Utah Retirement Systems increased its stake in shares of Sprouts Farmers Market by 2.1% in the 2nd quarter. Utah Retirement Systems now owns 24,500 shares of the company’s stock worth $555,000 after acquiring an additional 500 shares during the last quarter. Prudential Financial Inc. increased its stake in shares of Sprouts Farmers Market by 2.0% in the 2nd quarter. Prudential Financial Inc. now owns 79,120 shares of the company’s stock worth $1,794,000 after acquiring an additional 1,550 shares during the last quarter. B.S. Pension Fund Trustee Ltd acting for the British Steel Pension Fund increased its stake in shares of Sprouts Farmers Market by 61.5% in the 2nd quarter. B.S. Pension Fund Trustee Ltd acting for the British Steel Pension Fund now owns 52,508 shares of the company’s stock worth $1,190,000 after acquiring an additional 20,000 shares during the last quarter. Finally, Victory Capital Management Inc. increased its stake in shares of Sprouts Farmers Market by 17.6% in the 2nd quarter. Victory Capital Management Inc. now owns 7,739 shares of the company’s stock worth $175,000 after acquiring an additional 1,161 shares during the last quarter. 88.03% of the stock is owned by institutional investors and hedge funds.

Sprouts Farmers Market, Inc. (SFM) opened at 18.83 on Friday. Sprouts Farmers Market, Inc. has a one year low of $17.38 and a one year high of $25.98. The company’s 50-day moving average price is $21.94 and its 200-day moving average price is $22.59. The stock has a market capitalization of $2.55 billion, a PE ratio of 21.23 and a beta of 0.56.

Sprouts Farmers Market (NASDAQ:SFM) last announced its quarterly earnings results on Thursday, August 3rd. The company reported $0.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.25 by $0.04. The firm had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.17 billion. Sprouts Farmers Market had a net margin of 2.96% and a return on equity of 18.79%. The business’s quarterly revenue was up 14.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.25 EPS. Equities research analysts predict that Sprouts Farmers Market, Inc. will post $0.93 EPS for the current year.

In other news, CEO Amin N. Maredia sold 13,448 shares of the firm’s stock in a transaction dated Monday, July 3rd. The shares were sold at an average price of $22.71, for a total transaction of $305,404.08. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Steven H. Townsend sold 15,000 shares of the firm’s stock in a transaction dated Thursday, August 17th. The shares were sold at an average price of $24.42, for a total transaction of $366,300.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 48,448 shares of company stock worth $1,158,504. Insiders own 2.60% of the company’s stock.

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A number of analysts have issued reports on SFM shares. BMO Capital Markets set a $24.00 target price on Sprouts Farmers Market and gave the stock a “hold” rating in a research note on Tuesday, August 29th. Morgan Stanley downgraded Sprouts Farmers Market from an “overweight” rating to an “equal” rating and raised their target price for the stock from $21.00 to $23.00 in a research note on Thursday, June 15th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $28.00 target price on shares of Sprouts Farmers Market in a research note on Friday, June 30th. Wells Fargo & Company reaffirmed an “outperform” rating on shares of Sprouts Farmers Market in a research note on Tuesday, June 27th. Finally, Jefferies Group LLC set a $26.00 target price on Sprouts Farmers Market and gave the stock a “buy” rating in a research note on Wednesday, June 14th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and ten have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $25.25.

Sprouts Farmers Market Company Profile

Sprouts Farmers Market, Inc is a food retailer. The Company operates as a grocery store that offers fresh, natural and organic food that includes fresh produce, bulk foods, vitamins and supplements, packaged groceries, meat and seafood, deli, baked goods, dairy products, frozen foods, body care and natural household items catering to consumers’ interest in health and wellness.

Institutional Ownership by Quarter for Sprouts Farmers Market (NASDAQ:SFM)

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