Louisiana State Employees Retirement System Sells 700 Shares of Sprouts Farmers Market Inc (SFM)

Louisiana State Employees Retirement System trimmed its holdings in Sprouts Farmers Market Inc (NASDAQ:SFM) by 2.1% during the first quarter, HoldingsChannel reports. The institutional investor owned 33,200 shares of the company’s stock after selling 700 shares during the quarter. Louisiana State Employees Retirement System’s holdings in Sprouts Farmers Market were worth $715,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Commonwealth Equity Services LLC lifted its position in shares of Sprouts Farmers Market by 3.9% during the fourth quarter. Commonwealth Equity Services LLC now owns 11,811 shares of the company’s stock valued at $277,000 after purchasing an additional 440 shares in the last quarter. Global Retirement Partners LLC lifted its position in shares of Sprouts Farmers Market by 100.8% during the fourth quarter. Global Retirement Partners LLC now owns 1,245 shares of the company’s stock valued at $29,000 after purchasing an additional 625 shares in the last quarter. New York State Teachers Retirement System lifted its position in shares of Sprouts Farmers Market by 1.2% during the fourth quarter. New York State Teachers Retirement System now owns 77,808 shares of the company’s stock valued at $1,829,000 after purchasing an additional 900 shares in the last quarter. Kalos Management Inc. lifted its position in shares of Sprouts Farmers Market by 4.8% during the fourth quarter. Kalos Management Inc. now owns 28,308 shares of the company’s stock valued at $665,000 after purchasing an additional 1,299 shares in the last quarter. Finally, Acadian Asset Management LLC lifted its position in shares of Sprouts Farmers Market by 143.0% during the fourth quarter. Acadian Asset Management LLC now owns 2,211 shares of the company’s stock valued at $52,000 after purchasing an additional 1,301 shares in the last quarter. 99.98% of the stock is currently owned by hedge funds and other institutional investors.

A number of research firms recently weighed in on SFM. Wolfe Research lowered shares of Sprouts Farmers Market to a “market perform” rating in a research report on Wednesday, March 27th. BidaskClub lowered shares of Sprouts Farmers Market from a “hold” rating to a “sell” rating in a research report on Thursday, April 4th. Barclays reaffirmed a “hold” rating and issued a $25.00 price objective on shares of Sprouts Farmers Market in a research report on Wednesday, January 9th. Zacks Investment Research lowered shares of Sprouts Farmers Market from a “hold” rating to a “sell” rating in a research report on Friday, February 8th. Finally, Northcoast Research lowered shares of Sprouts Farmers Market from a “buy” rating to a “neutral” rating in a research report on Friday, February 22nd. Six equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $26.21.

Shares of SFM stock opened at $21.57 on Monday. The stock has a market capitalization of $2.67 billion, a price-to-earnings ratio of 16.72, a P/E/G ratio of 1.71 and a beta of 0.49. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.22 and a current ratio of 1.08. Sprouts Farmers Market Inc has a 52 week low of $20.63 and a 52 week high of $29.67.

Sprouts Farmers Market (NASDAQ:SFM) last announced its quarterly earnings data on Thursday, February 21st. The company reported $0.19 EPS for the quarter, topping the consensus estimate of $0.18 by $0.01. The business had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.26 billion. Sprouts Farmers Market had a net margin of 3.04% and a return on equity of 27.02%. The company’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.16 earnings per share. Research analysts predict that Sprouts Farmers Market Inc will post 1.2 earnings per share for the current year.

In other news, insider Shawn R. Gensch sold 3,310 shares of Sprouts Farmers Market stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $22.96, for a total value of $75,997.60. Following the completion of the transaction, the insider now owns 22,917 shares in the company, valued at $526,174.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Theodore Edward Frumkin II sold 3,106 shares of Sprouts Farmers Market stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $22.95, for a total transaction of $71,282.70. Following the completion of the transaction, the insider now owns 31,826 shares of the company’s stock, valued at approximately $730,406.70. The disclosure for this sale can be found here. Insiders sold 44,394 shares of company stock valued at $1,020,298 in the last quarter. Corporate insiders own 0.70% of the company’s stock.

TRADEMARK VIOLATION NOTICE: “Louisiana State Employees Retirement System Sells 700 Shares of Sprouts Farmers Market Inc (SFM)” was originally reported by Baseball Daily News and is the property of of Baseball Daily News. If you are viewing this report on another website, it was copied illegally and republished in violation of international trademark and copyright laws. The legal version of this report can be read at https://www.baseballdailydigest.com/news/2019/04/22/louisiana-state-employees-retirement-system-sells-700-shares-of-sprouts-farmers-market-inc-sfm.html.

About Sprouts Farmers Market

Sprouts Farmers Market, Inc, a healthy grocery store, provides fresh, natural, and organic food products in the United States. Its stores offer fresh produce, bulk foods, vitamins and supplements, packaged groceries, meat and seafood, baked goods, dairy products, frozen foods, beer and wine, natural body care and household items.

Featured Story: Initial Public Offering (IPO)

Want to see what other hedge funds are holding SFM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sprouts Farmers Market Inc (NASDAQ:SFM).

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

Receive News & Ratings for Sprouts Farmers Market Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sprouts Farmers Market and related companies with MarketBeat.com's FREE daily email newsletter.