State Board of Administration of Florida Retirement System Decreases Stock Position in Sprouts Farmers Market, Inc. (NASDAQ:SFM)

State Board of Administration of Florida Retirement System lessened its stake in Sprouts Farmers Market, Inc. (NASDAQ:SFMGet Rating) by 4.7% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 58,884 shares of the company’s stock after selling 2,900 shares during the quarter. State Board of Administration of Florida Retirement System owned about 0.05% of Sprouts Farmers Market worth $1,883,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Atlanta Capital Management Co. L L C raised its position in shares of Sprouts Farmers Market by 38.2% during the 4th quarter. Atlanta Capital Management Co. L L C now owns 1,021,898 shares of the company’s stock valued at $30,330,000 after acquiring an additional 282,637 shares in the last quarter. Artemis Investment Management LLP bought a new position in shares of Sprouts Farmers Market in the first quarter worth $7,987,000. Advisors Preferred LLC bought a new position in shares of Sprouts Farmers Market in the fourth quarter worth $7,306,000. Schroder Investment Management Group bought a new position in shares of Sprouts Farmers Market in the fourth quarter worth $5,060,000. Finally, Invesco Ltd. grew its stake in shares of Sprouts Farmers Market by 15.4% in the fourth quarter. Invesco Ltd. now owns 1,142,618 shares of the company’s stock worth $33,913,000 after purchasing an additional 152,356 shares in the last quarter.

Sprouts Farmers Market Stock Up 0.3 %

SFM opened at $29.19 on Friday. Sprouts Farmers Market, Inc. has a fifty-two week low of $21.18 and a fifty-two week high of $35.34. The business has a 50-day moving average of $26.87 and a 200-day moving average of $28.53. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.25 and a quick ratio of 0.68. The company has a market capitalization of $3.14 billion, a PE ratio of 13.03, a price-to-earnings-growth ratio of 1.78 and a beta of 0.43.

Insider Activity

In other Sprouts Farmers Market news, CEO Jack Sinclair sold 26,536 shares of the firm’s stock in a transaction that occurred on Monday, June 27th. The stock was sold at an average price of $25.65, for a total value of $680,648.40. Following the sale, the chief executive officer now owns 293,591 shares of the company’s stock, valued at approximately $7,530,609.15. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other Sprouts Farmers Market news, insider John Scott Neal sold 2,565 shares of the firm’s stock in a transaction that occurred on Thursday, August 11th. The stock was sold at an average price of $29.94, for a total value of $76,796.10. Following the completion of the sale, the insider now owns 40,544 shares in the company, valued at approximately $1,213,887.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Jack Sinclair sold 26,536 shares of the firm’s stock in a transaction that occurred on Monday, June 27th. The stock was sold at an average price of $25.65, for a total value of $680,648.40. Following the completion of the sale, the chief executive officer now owns 293,591 shares of the company’s stock, valued at approximately $7,530,609.15. The disclosure for this sale can be found here. In the last quarter, insiders have sold 90,006 shares of company stock valued at $2,593,745. Insiders own 0.71% of the company’s stock.

Analysts Set New Price Targets

SFM has been the subject of several research reports. Credit Suisse Group decreased their target price on Sprouts Farmers Market from $30.00 to $27.00 and set a “neutral” rating for the company in a research note on Tuesday, July 26th. Bank of America cut Sprouts Farmers Market from a “buy” rating to an “underperform” rating and decreased their target price for the company from $40.00 to $25.00 in a research note on Thursday, May 5th. Finally, StockNews.com raised Sprouts Farmers Market from a “hold” rating to a “buy” rating in a research note on Saturday, April 16th. Three analysts have rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $26.83.

About Sprouts Farmers Market

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Sprouts Farmers Market, Inc offers fresh, natural, and organic food products in the United States. The company offers perishable product categories, including fresh produce, meat, 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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