PGGM Investments Has $6.73 Million Stake in Sprouts Farmers Market, Inc. (NASDAQ:SFM)

PGGM Investments lowered its holdings in Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 14.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 52,953 shares of the company’s stock after selling 8,910 shares during the quarter. PGGM Investments owned about 0.05% of Sprouts Farmers Market worth $6,729,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in the business. Atria Investments Inc grew its stake in shares of Sprouts Farmers Market by 31.3% during 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 during the last quarter. Nations Financial Group Inc. IA ADV bought a new position in Sprouts Farmers Market in the 3rd quarter valued at $225,000. Apollon Wealth Management LLC boosted its position in Sprouts Farmers Market by 14.2% in the 3rd quarter. Apollon Wealth Management LLC now owns 3,185 shares of the company’s stock valued at $352,000 after buying an additional 397 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. acquired a new stake in shares of Sprouts Farmers Market in the 3rd quarter valued at $1,942,000. Finally, Oppenheimer Asset Management Inc. raised its position in shares of Sprouts Farmers Market by 34.1% during the third quarter. Oppenheimer Asset Management Inc. now owns 4,462 shares of the company’s stock worth $493,000 after acquiring an additional 1,135 shares during the last quarter.

Sprouts Farmers Market Trading Down 2.8 %

NASDAQ:SFM opened at $133.58 on Friday. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.13 and a quick ratio of 0.59. The business’s 50-day simple moving average is $150.75 and its 200-day simple moving average is $133.96. Sprouts Farmers Market, Inc. has a fifty-two week low of $60.46 and a fifty-two week high of $178.99. The stock has a market capitalization of $13.17 billion, a PE ratio of 35.53, a price-to-earnings-growth ratio of 2.31 and a beta of 0.67.

Sprouts Farmers Market (NASDAQ:SFM) last announced its quarterly earnings results on Thursday, February 20th. The company reported $0.79 earnings per share for the quarter, beating analysts’ consensus estimates of $0.72 by $0.07. Sprouts Farmers Market had a net margin of 4.93% and a return on equity of 29.86%. The firm had revenue of $2 billion for the quarter, compared to analyst estimates of $1.96 billion. Sell-side analysts expect that Sprouts Farmers Market, Inc. will post 4.29 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts recently issued reports on SFM shares. Roth Mkm raised their price target on Sprouts Farmers Market from $105.00 to $146.00 and gave the company a “neutral” rating in a report on Friday, February 21st. Evercore ISI reduced their target price on shares of Sprouts Farmers Market from $185.00 to $180.00 and set an “outperform” rating on the stock in a research note on Tuesday. StockNews.com raised shares of Sprouts Farmers Market from a “hold” rating to a “buy” rating in a research note on Friday, February 21st. UBS Group raised their price objective on shares of Sprouts Farmers Market from $132.00 to $195.00 and gave the company a “neutral” rating in a research note on Wednesday, February 19th. Finally, Northcoast Research upgraded shares of Sprouts Farmers Market from a “neutral” rating to a “buy” rating and set a $185.00 target price for the company in a research report on Friday, February 28th. Ten investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $154.15.

Insiders Place Their Bets

In other news, CEO Jack Sinclair sold 2,915 shares of the firm’s stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $167.54, for a total transaction of $488,379.10. Following the completion of the transaction, the chief executive officer now directly owns 143,669 shares of the company’s stock, valued at $24,070,304.26. This trade represents a 1.99 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Joe Fortunato sold 5,000 shares of the business’s stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $144.80, for a total transaction of $724,000.00. Following the completion of the sale, the director now directly owns 28,571 shares in the company, valued at approximately $4,137,080.80. This represents a 14.89 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 16,564 shares of company stock worth $2,413,770. Corporate insiders own 1.10% of the company’s stock.

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.