Principal Financial Group Inc. lowered its position in shares of Sprouts Farmers Market Inc (NASDAQ:SFM) by 2.0% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 542,385 shares of the company’s stock after selling 11,040 shares during the period. Principal Financial Group Inc. owned about 0.40% of Sprouts Farmers Market worth $10,181,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Capstone Asset Management Co. boosted its position in Sprouts Farmers Market by 0.9% during the 2nd quarter. Capstone Asset Management Co. now owns 13,670 shares of the company’s stock valued at $310,000 after buying an additional 120 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in shares of Sprouts Farmers Market by 0.7% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 18,862 shares of the company’s stock worth $428,000 after purchasing an additional 123 shares during the period. World Asset Management Inc lifted its position in shares of Sprouts Farmers Market by 2.4% in the 2nd quarter. World Asset Management Inc now owns 9,284 shares of the company’s stock worth $210,000 after purchasing an additional 221 shares during the period. Mutual of America Capital Management LLC lifted its position in shares of Sprouts Farmers Market by 0.4% in the 2nd quarter. Mutual of America Capital Management LLC now owns 104,878 shares of the company’s stock worth $2,378,000 after purchasing an additional 376 shares during the period. Finally, Utah Retirement Systems lifted its position 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 purchasing an additional 500 shares during the period. 90.15% of the stock is owned by institutional investors and hedge funds.

Shares of Sprouts Farmers Market Inc (NASDAQ:SFM) opened at $23.66 on Monday. The firm has a market cap of $3,148.45, a PE ratio of 24.39, a price-to-earnings-growth ratio of 2.11 and a beta of 0.67. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.23 and a current ratio of 1.00. Sprouts Farmers Market Inc has a 12 month low of $17.38 and a 12 month high of $25.98.

Sprouts Farmers Market (NASDAQ:SFM) last released its quarterly earnings data on Thursday, November 2nd. The company reported $0.23 earnings per share for the quarter, beating analysts’ consensus estimates of $0.18 by $0.05. The business had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.18 billion. Sprouts Farmers Market had a net margin of 3.01% and a return on equity of 21.00%. Sprouts Farmers Market’s revenue was up 16.4% compared to the same quarter last year. During the same period last year, the business earned $0.16 EPS. equities research analysts predict that Sprouts Farmers Market Inc will post 0.99 earnings per share for the current year.

Several equities research analysts have recently commented on the stock. Zacks Investment Research cut shares of Sprouts Farmers Market from a “buy” rating to a “hold” rating in a research report on Thursday, October 5th. Royal Bank Of Canada set a $28.00 target price on shares of Sprouts Farmers Market and gave the stock a “buy” rating in a research report on Monday, October 30th. Deutsche Bank reaffirmed a “hold” rating and issued a $24.00 target price (up from $22.00) on shares of Sprouts Farmers Market in a research report on Wednesday, August 9th. BMO Capital Markets raised their target price on shares of Sprouts Farmers Market from $20.00 to $22.00 and gave the stock a “market perform” rating in a research report on Friday, November 3rd. Finally, Goldman Sachs Group reaffirmed a “sell” rating and issued a $18.00 target price on shares of Sprouts Farmers Market in a research report on Tuesday, November 14th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and thirteen have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $24.28.

In related news, insider Daniel Bruni purchased 15,000 shares of the company’s stock in a transaction dated Friday, September 15th. The shares were purchased at an average price of $19.00 per share, with a total value of $285,000.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Theodore Edward Frumkin II sold 36,667 shares of the firm’s stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $23.93, for a total transaction of $877,441.31. Following the sale, the insider now directly owns 58,912 shares in the company, valued at approximately $1,409,764.16. The disclosure for this sale can be found here. Company insiders own 2.60% of the company’s stock.

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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.

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

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