APG Asset Management N.V. Purchases Shares of 348,000 Sprouts Farmers Market, Inc. (SFM)

APG Asset Management N.V. purchased a new stake in Sprouts Farmers Market, Inc. (NASDAQ:SFM) in the 3rd quarter, according to its most recent filing with the SEC. The fund purchased 348,000 shares of the company’s stock, valued at approximately $6,532,000. APG Asset Management N.V. owned about 0.26% of Sprouts Farmers Market as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Capstone Asset Management Co. increased its holdings in shares of Sprouts Farmers Market by 0.9% during the 2nd quarter. Capstone Asset Management Co. now owns 13,670 shares of the company’s stock worth $310,000 after buying an additional 120 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in shares of Sprouts Farmers Market by 0.7% during 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 buying an additional 123 shares during the last quarter. Benjamin F. Edwards & Company Inc. increased its holdings in shares of Sprouts Farmers Market by 2.3% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 7,525 shares of the company’s stock worth $171,000 after buying an additional 170 shares during the last quarter. World Asset Management Inc increased its holdings in shares of Sprouts Farmers Market by 2.4% during the 2nd quarter. World Asset Management Inc now owns 9,284 shares of the company’s stock worth $210,000 after buying an additional 221 shares during the last quarter. Finally, Mutual of America Capital Management LLC increased its holdings in shares of Sprouts Farmers Market by 0.4% during the 2nd quarter. Mutual of America Capital Management LLC now owns 104,878 shares of the company’s stock worth $2,378,000 after buying an additional 376 shares during the last quarter. Institutional investors own 87.59% of the company’s stock.

In related news, insider Daniel Bruni purchased 15,000 shares of Sprouts Farmers Market stock in a transaction dated Friday, September 15th. The shares were acquired at an average price of $19.00 per share, with a total value of $285,000.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Brandon F. Lombardi sold 20,000 shares of the stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $24.34, for a total transaction of $486,800.00. Following the transaction, the insider now directly owns 73,761 shares in the company, valued at approximately $1,795,342.74. The disclosure for this sale can be found here. Corporate insiders own 2.60% of the company’s stock.

SFM has been the subject of a number of research analyst reports. BMO Capital Markets set a $24.00 price objective on Sprouts Farmers Market and gave the stock a “hold” rating in a report on Tuesday, August 29th. SunTrust Banks, Inc. restated a “buy” rating and set a $27.00 price objective on shares of Sprouts Farmers Market in a report on Friday, September 15th. Zacks Investment Research downgraded Sprouts Farmers Market from a “hold” rating to a “sell” rating in a report on Wednesday, October 18th. William Blair restated a “buy” rating on shares of Sprouts Farmers Market in a report on Friday, August 25th. Finally, BidaskClub downgraded Sprouts Farmers Market from a “hold” rating to a “sell” rating in a report on Monday, September 18th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and twelve have given a buy rating to the stock. Sprouts Farmers Market presently has an average rating of “Hold” and an average target price of $24.44.

Sprouts Farmers Market, Inc. (SFM) opened at $20.37 on Friday. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.21 and a current ratio of 1.00. The stock has a market cap of $2,710.66, a price-to-earnings ratio of 21.00, a PEG ratio of 1.82 and a beta of 0.54.

Sprouts Farmers Market (NASDAQ:SFM) last posted 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 company had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $1.18 billion. Sprouts Farmers Market had a net margin of 3.01% and a return on equity of 21.00%. The firm’s revenue for the quarter was up 16.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.16 EPS. analysts anticipate that Sprouts Farmers Market, Inc. will post 0.96 EPS for the current year.

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Sprouts Farmers Market 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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