Sprouts Farmers Market, Inc. (NASDAQ:SFM) Position Decreased by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC lowered its holdings in Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 4.9% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 57,528 shares of the company’s stock after selling 2,986 shares during the period. Mutual of America Capital Management LLC owned about 0.06% of Sprouts Farmers Market worth $4,813,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Crewe Advisors LLC lifted its holdings in shares of Sprouts Farmers Market by 223.5% during the second quarter. Crewe Advisors LLC now owns 317 shares of the company’s stock valued at $27,000 after purchasing an additional 219 shares during the last quarter. Whittier Trust Co. of Nevada Inc. purchased a new stake in Sprouts Farmers Market during the second quarter valued at about $29,000. Rise Advisors LLC acquired a new position in shares of Sprouts Farmers Market in the first quarter worth about $26,000. Hanseatic Management Services Inc. purchased a new position in shares of Sprouts Farmers Market in the second quarter worth approximately $63,000. Finally, Principal Securities Inc. acquired a new stake in shares of Sprouts Farmers Market during the fourth quarter valued at approximately $54,000.

Analysts Set New Price Targets

SFM has been the subject of a number of recent analyst reports. Royal Bank of Canada began coverage on shares of Sprouts Farmers Market in a research note on Thursday, September 12th. They issued a “sector perform” rating and a $107.00 price objective for the company. UBS Group raised their target price on Sprouts Farmers Market from $68.00 to $94.00 and gave the stock a “neutral” rating in a research report on Friday, June 28th. The Goldman Sachs Group lifted their price target on Sprouts Farmers Market from $89.00 to $111.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. Bank of America increased their price objective on Sprouts Farmers Market from $100.00 to $115.00 and gave the stock a “buy” rating in a research note on Thursday, September 5th. Finally, Wells Fargo & Company upgraded Sprouts Farmers Market from an “underweight” rating to an “equal weight” rating and raised their price objective for the stock from $62.00 to $90.00 in a research report on Tuesday, July 30th. Eight analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $99.22.

Insider Buying and Selling

In other Sprouts Farmers Market news, insider Dustin Hamilton sold 500 shares of the firm’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $97.52, for a total transaction of $48,760.00. Following the transaction, the insider now directly owns 27,188 shares in the company, valued at $2,651,373.76. The transaction was disclosed in a filing with the SEC, which is available through this link. In other Sprouts Farmers Market news, insider Dustin Hamilton sold 500 shares of the stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $97.52, for a total transaction of $48,760.00. Following the transaction, the insider now owns 27,188 shares in the company, valued at $2,651,373.76. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Jack Sinclair sold 5,714 shares of the business’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $101.09, for a total transaction of $577,628.26. Following the completion of the sale, the chief executive officer now owns 222,432 shares of the company’s stock, valued at $22,485,650.88. The disclosure for this sale can be found here. Over the last three months, insiders sold 123,221 shares of company stock worth $12,130,609. Corporate insiders own 1.10% of the company’s stock.

Sprouts Farmers Market Stock Up 0.2 %

SFM opened at $105.70 on Friday. The company has a market capitalization of $10.62 billion, a PE ratio of 36.45, a price-to-earnings-growth ratio of 3.03 and a beta of 0.56. The business has a 50-day moving average of $96.26 and a 200-day moving average of $80.60. Sprouts Farmers Market, Inc. has a fifty-two week low of $39.50 and a fifty-two week high of $107.90. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.03 and a quick ratio of 0.44.

Sprouts Farmers Market (NASDAQ:SFM) last posted its earnings results on Monday, July 29th. The company reported $0.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.78 by $0.16. Sprouts Farmers Market had a net margin of 4.52% and a return on equity of 27.53%. The firm had revenue of $1.90 billion during the quarter, compared to analysts’ expectations of $1.84 billion. During the same period in the previous year, the company earned $0.71 earnings per share. The company’s revenue was up 12.3% compared to the same quarter last year. Equities research analysts forecast that Sprouts Farmers Market, Inc. will post 3.37 EPS for the current fiscal year.

Sprouts Farmers Market 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.