Sprouts Farmers Market Inc (SFM) Stake Lowered by Renaissance Technologies LLC

Renaissance Technologies LLC reduced its holdings in Sprouts Farmers Market Inc (NASDAQ:SFM) by 0.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,842,200 shares of the company’s stock after selling 7,200 shares during the quarter. Renaissance Technologies LLC owned approximately 3.79% of Sprouts Farmers Market worth $132,725,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Riverhead Capital Management LLC grew its holdings in shares of Sprouts Farmers Market by 43.5% in the 3rd quarter. Riverhead Capital Management LLC now owns 125,195 shares of the company’s stock valued at $3,432,000 after buying an additional 37,960 shares during the period. Loomis Sayles & Co. L P grew its holdings in shares of Sprouts Farmers Market by 1.3% in the 3rd quarter. Loomis Sayles & Co. L P now owns 305,476 shares of the company’s stock valued at $8,373,000 after buying an additional 3,902 shares during the period. Tower Research Capital LLC TRC grew its holdings in shares of Sprouts Farmers Market by 278.1% in the 3rd quarter. Tower Research Capital LLC TRC now owns 8,784 shares of the company’s stock valued at $241,000 after buying an additional 6,461 shares during the period. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Sprouts Farmers Market in the 3rd quarter valued at $339,000. Finally, Hsbc Holdings PLC grew its holdings in shares of Sprouts Farmers Market by 13.0% in the 3rd quarter. Hsbc Holdings PLC now owns 23,170 shares of the company’s stock valued at $635,000 after buying an additional 2,660 shares during the period. 91.52% of the stock is currently owned by institutional investors and hedge funds.

Sprouts Farmers Market stock opened at $24.45 on Friday. Sprouts Farmers Market Inc has a one year low of $20.63 and a one year high of $29.67. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.15 and a quick ratio of 0.30. The stock has a market cap of $3.20 billion, a PE ratio of 20.07, a price-to-earnings-growth ratio of 1.63 and a beta of 0.79.

Sprouts Farmers Market (NASDAQ:SFM) last posted its quarterly earnings data on Thursday, November 1st. The company reported $0.27 EPS for the quarter, topping the Zacks’ consensus estimate of $0.26 by $0.01. Sprouts Farmers Market had a net margin of 3.65% and a return on equity of 25.85%. The company had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.33 billion. During the same period in the prior year, the business posted $0.23 EPS. The company’s quarterly revenue was up 10.2% on a year-over-year basis. On average, sell-side analysts expect that Sprouts Farmers Market Inc will post 1.28 earnings per share for the current fiscal year.

A number of equities analysts recently weighed in on SFM shares. Bank of America lowered shares of Sprouts Farmers Market from a “buy” rating to an “underperform” rating and reduced their target price for the stock from $35.00 to $21.00 in a research note on Friday, November 30th. UBS Group upped their target price on shares of Sprouts Farmers Market from $28.00 to $33.00 and gave the stock a “buy” rating in a research note on Monday, September 10th. Morgan Stanley set a $26.00 target price on shares of Sprouts Farmers Market and gave the stock a “hold” rating in a research note on Monday, October 22nd. ValuEngine raised shares of Sprouts Farmers Market from a “hold” rating to a “buy” rating in a research note on Tuesday, September 11th. Finally, Wells Fargo & Co lowered shares of Sprouts Farmers Market from an “outperform” rating to a “market perform” rating and set a $26.00 target price for the company. in a research note on Monday, September 24th. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eight have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $27.42.

In other news, insider Theodore Edward Frumkin II sold 53,333 shares of the stock in a transaction dated Monday, November 19th. The shares were sold at an average price of $27.52, for a total transaction of $1,467,724.16. Following the completion of the transaction, the insider now directly owns 58,265 shares in the company, valued at approximately $1,603,452.80. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Steven H. Townsend acquired 2,000 shares of Sprouts Farmers Market stock in a transaction dated Tuesday, December 4th. The shares were acquired at an average price of $24.31 per share, with a total value of $48,620.00. The disclosure for this purchase can be found here. Over the last 90 days, insiders have bought 105,500 shares of company stock valued at $2,415,475 and have sold 239,475 shares valued at $6,618,053. Corporate insiders own 1.80% of the company’s stock.

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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, 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.

Further Reading: Earnings Per Share (EPS) Explained

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

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