Sprouts Farmers Market Inc (SFM) Shares Sold by TD Asset Management Inc.

TD Asset Management Inc. decreased its stake in Sprouts Farmers Market Inc (NASDAQ:SFM) by 23.9% in the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 240,000 shares of the company’s stock after selling 75,200 shares during the quarter. TD Asset Management Inc. owned about 0.18% of Sprouts Farmers Market worth $4,505,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in the company. Advisory Services Network LLC boosted its holdings in Sprouts Farmers Market by 1,093.0% during the 2nd quarter. Advisory Services Network LLC now owns 5,309 shares of the company’s stock valued at $120,000 after acquiring an additional 4,864 shares during the period. Victory Capital Management Inc. raised its position in Sprouts Farmers Market by 17.6% during the 2nd quarter. Victory Capital Management Inc. now owns 7,739 shares of the company’s stock valued at $175,000 after purchasing an additional 1,161 shares in the last quarter. Harvest Management LLC bought a new stake in Sprouts Farmers Market during the 3rd quarter valued at $188,000. Seven Eight Capital LP bought a new stake in Sprouts Farmers Market during the 2nd quarter valued at $193,000. Finally, World Asset Management Inc raised its position in Sprouts Farmers Market by 2.4% during the 2nd quarter. World Asset Management Inc now owns 9,284 shares of the company’s stock valued at $210,000 after purchasing an additional 221 shares in the last quarter. Hedge funds and other institutional investors own 90.15% of the company’s stock.

A number of equities research analysts have weighed in on SFM shares. SunTrust Banks reaffirmed a “buy” rating and set a $27.00 target price on shares of Sprouts Farmers Market in a research report on Friday, September 15th. Jefferies Group reduced their price target on Sprouts Farmers Market from $26.00 to $19.00 and set a “hold” rating for the company in a research report on Monday, October 30th. William Blair reissued a “buy” rating on shares of Sprouts Farmers Market in a research report on Friday, August 25th. BidaskClub lowered Sprouts Farmers Market from a “hold” rating to a “sell” rating in a research report on Monday, September 18th. Finally, Loop Capital reduced their price target on Sprouts Farmers Market from $25.00 to $24.00 and set a “hold” rating for the company in a research report on Friday, November 3rd. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and thirteen have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $24.28.

In other Sprouts Farmers Market news, insider Daniel Bruni purchased 15,000 shares of Sprouts Farmers Market stock in a transaction that occurred on Friday, September 15th. The stock was bought at an average price of $19.00 per share, with a total value of $285,000.00. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Theodore Edward Frumkin II sold 36,667 shares of the company’s stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $23.93, for a total value of $877,441.31. Following the completion of the transaction, the insider now directly owns 58,912 shares of the company’s stock, valued at approximately $1,409,764.16. The disclosure for this sale can be found here. 2.60% of the stock is owned by corporate insiders.

Shares of Sprouts Farmers Market Inc (SFM) opened at $23.74 on Thursday. Sprouts Farmers Market Inc has a one year low of $17.38 and a one year high of $25.98. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.23 and a current ratio of 1.00. The firm has a market capitalization of $3,156.44, a PE ratio of 24.45, a price-to-earnings-growth ratio of 2.11 and a beta of 0.67.

Sprouts Farmers Market (NASDAQ:SFM) last issued its earnings results on Thursday, November 2nd. The company reported $0.23 EPS for the quarter, topping analysts’ consensus estimates of $0.18 by $0.05. Sprouts Farmers Market had a return on equity of 21.00% and a net margin of 3.01%. The firm had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.18 billion. During the same quarter in the prior year, the business earned $0.16 earnings per share. The company’s revenue was up 16.4% compared to the same quarter last year. equities research analysts forecast that Sprouts Farmers Market Inc will post 0.99 earnings per share for the current year.

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Sprouts Farmers Market Company Profile

Sprouts Farmers Market, Inc is a food retailer. The Company operates as a grocery store that offers fresh, natural and organic food that includes fresh produce, bulk foods, vitamins and supplements, packaged groceries, meat and seafood, deli, baked goods, dairy products, frozen foods, body care and natural household items catering to consumers’ interest in health and wellness.

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

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