Dimensional Fund Advisors LP Has $55.60 Million Stake in Sprouts Farmers Market Inc (SFM)

Dimensional Fund Advisors LP grew its stake in Sprouts Farmers Market Inc (NASDAQ:SFM) by 1.6% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,519,098 shares of the company’s stock after purchasing an additional 39,535 shares during the period. Dimensional Fund Advisors LP’s holdings in Sprouts Farmers Market were worth $55,598,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. American Assets Investment Management LLC bought a new stake in shares of Sprouts Farmers Market during the 2nd quarter worth approximately $380,000. BNP Paribas Arbitrage SA lifted its stake in shares of Sprouts Farmers Market by 67.8% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 37,838 shares of the company’s stock worth $835,000 after acquiring an additional 15,284 shares during the last quarter. First Quadrant L P CA lifted its stake in shares of Sprouts Farmers Market by 69.9% during the 2nd quarter. First Quadrant L P CA now owns 405,676 shares of the company’s stock worth $8,953,000 after acquiring an additional 166,909 shares during the last quarter. Wells Fargo & Company MN lifted its stake in shares of Sprouts Farmers Market by 6.5% during the 2nd quarter. Wells Fargo & Company MN now owns 450,329 shares of the company’s stock worth $9,938,000 after acquiring an additional 27,287 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Sprouts Farmers Market during the 2nd quarter worth approximately $343,000. 95.32% of the stock is owned by institutional investors and hedge funds.

In other news, CEO Amin N. Maredia sold 12,303 shares of Sprouts Farmers Market stock in a transaction on Monday, July 2nd. The stock was sold at an average price of $22.03, for a total value of $271,035.09. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Brandon F. Lombardi sold 45,000 shares of Sprouts Farmers Market stock in a transaction on Tuesday, August 14th. The shares were sold at an average price of $24.34, for a total value of $1,095,300.00. Following the completion of the transaction, the insider now owns 88,581 shares in the company, valued at $2,156,061.54. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 130,397 shares of company stock valued at $3,434,667. 1.80% of the stock is currently owned by corporate insiders.

A number of brokerages recently issued reports on SFM. ValuEngine raised Sprouts Farmers Market from a “hold” rating to a “buy” rating in a research note on Tuesday, September 11th. UBS Group raised their price target on Sprouts Farmers Market from $28.00 to $33.00 and gave the stock a “buy” rating in a research note on Monday, September 10th. BidaskClub raised Sprouts Farmers Market from a “hold” rating to a “buy” rating in a research note on Wednesday, September 12th. Barclays lowered Sprouts Farmers Market from an “overweight” rating to an “equal weight” rating and set a $30.00 price target for the company. in a research note on Monday, September 17th. Finally, Wells Fargo & Co lowered Sprouts Farmers Market from an “outperform” rating to a “market perform” rating and set a $26.00 price target for the company. in a research note on Monday. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and nine have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $26.89.

Shares of NASDAQ SFM opened at $27.57 on Wednesday. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.04 and a quick ratio of 0.25. The firm has a market cap of $3.50 billion, a price-to-earnings ratio of 27.54, a PEG ratio of 1.75 and a beta of 0.90. Sprouts Farmers Market Inc has a twelve month low of $17.55 and a twelve month high of $29.67.

Sprouts Farmers Market (NASDAQ:SFM) last issued its earnings results on Thursday, August 2nd. The company reported $0.32 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.32. The business had revenue of $1.32 billion during the quarter, compared to analyst estimates of $1.32 billion. Sprouts Farmers Market had a return on equity of 25.56% and a net margin of 3.62%. Sprouts Farmers Market’s revenue was up 11.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.29 EPS. research analysts expect that Sprouts Farmers Market Inc will post 1.26 earnings per share for the current fiscal year.

Sprouts Farmers Market Profile

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

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

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