Today, 58,530 Shares of Sprouts Farmers Market Inc. (SFM) are sold by Mizuho Trust & Banking Co. Ltd.

Today, 58,530 Shares of Sprouts Farmers Market Inc. (SFM) are sold by Mizuho Trust & Banking Co. Ltd.

Mizuho Trust & Banking Co. Ltd. decreased its stake in shares of Sprouts Farmers Market Inc. (NASDAQ:SFM) by 22.6% during the third quarter, Holdings Channel reports. The institutional investor owned 200,150 shares of the company’s stock after selling 58,530 shares during the period. Mizuho Trust & Banking Co. Ltd. owned approximately 0.13% of Sprouts Farmers Market worth $4,133,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of SFM. Vanguard Group Inc. boosted its position in shares of Sprouts Farmers Market by 3.3% in the second quarter. Vanguard Group Inc. now owns 10,811,104 shares of the company’s stock valued at $247,574,000 after buying an additional 343,615 shares in the last quarter. Jennison Associates LLC boosted its position in shares of Sprouts Farmers Market by 19.5% in the second quarter. Jennison Associates LLC now owns 6,918,927 shares of the company’s stock valued at $158,443,000 after buying an additional 1,129,029 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of Sprouts Farmers Market by 0.5% in the second quarter. JPMorgan Chase & Co. now owns 5,655,331 shares of the company’s stock valued at $129,506,000 after buying an additional 28,629 shares in the last quarter. BlackRock Fund Advisors boosted its position in shares of Sprouts Farmers Market by 2.5% in the second quarter. BlackRock Fund Advisors now owns 5,037,756 shares of the company’s stock valued at $115,365,000 after buying an additional 123,620 shares in the last quarter. Finally, BlackRock Institutional Trust Company N.A. boosted its position in shares of Sprouts Farmers Market by 0.3% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 4,203,500 shares of the company’s stock valued at $96,260,000 after buying an additional 14,212 shares in the last quarter. 93.04% of the stock is owned by institutional investors.

Sprouts Farmers Market Inc. (NASDAQ:SFM) traded down 0.42% during midday trading on Friday, reaching $21.52. 395,338 shares of the company were exchanged. The company has a 50-day moving average of $21.53 and a 200 day moving average of $22.42. The firm has a market capitalization of $3.06 billion, a PE ratio of 24.21 and a beta of 0.67. Sprouts Farmers Market Inc. has a 52 week low of $18.70 and a 52 week high of $30.00.

Sprouts Farmers Market (NASDAQ:SFM) last announced its quarterly earnings data on Thursday, November 3rd. The company reported $0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.17 by $0.01. Sprouts Farmers Market had a net margin of 3.40% and a return on equity of 17.00%. The company had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $1.01 billion. During the same period last year, the business earned $0.21 earnings per share. The company’s quarterly revenue was up 14.7% compared to the same quarter last year. Equities analysts predict that Sprouts Farmers Market Inc. will post $0.84 earnings per share for the current year.

SFM has been the subject of several recent analyst reports. Credit Suisse Group AG reaffirmed a “buy” rating and set a $28.00 price objective on shares of Sprouts Farmers Market in a research note on Monday, August 8th. Barclays PLC initiated coverage on shares of Sprouts Farmers Market in a research note on Friday, September 23rd. They set an “overweight” rating and a $24.00 price objective for the company. Guggenheim reaffirmed a “neutral” rating on shares of Sprouts Farmers Market in a research note on Monday, November 7th. Vetr cut shares of Sprouts Farmers Market from a “strong-buy” rating to a “buy” rating and set a $22.94 price objective for the company. in a research note on Monday, September 19th. Finally, Citigroup Inc. reduced their price objective on shares of Sprouts Farmers Market from $33.00 to $28.00 and set a “buy” rating for the company in a research note on Monday, August 8th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and seventeen have given a buy rating to the company’s stock. Sprouts Farmers Market currently has a consensus rating of “Buy” and an average target price of $26.50.

In other Sprouts Farmers Market news, insider Brandon F. Lombardi sold 22,959 shares of the stock in a transaction that occurred on Friday, November 11th. The shares were sold at an average price of $21.03, for a total transaction of $482,827.77. Following the completion of the sale, the insider now directly owns 30,118 shares of the company’s stock, valued at approximately $633,381.54. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Bradley Lukow acquired 2,000 shares of the business’s stock in a transaction on Friday, September 16th. The shares were bought at an average cost of $20.05 per share, with a total value of $40,100.00. The disclosure for this purchase can be found here. Company insiders own 2.60% of the company’s stock.

Sprouts Farmers Market Company Profile

Sprouts Farmers Market, Inc is a food retailer that offers natural and organic food, including produce, bulk foods, meat and seafood, bakery, dairy, frozen foods, body care and natural household items. The Company categorizes its products as perishable and non-perishable. Its perishable product category includes produce, meat, seafood, deli and bakery.

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