Tyers Asset Management LLC Sells 35,824 Shares of Sprouts Farmers Market Inc (NASDAQ:SFM)

Tyers Asset Management LLC lowered its stake in Sprouts Farmers Market Inc (NASDAQ:SFM) by 18.1% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 162,032 shares of the company’s stock after selling 35,824 shares during the period. Tyers Asset Management LLC’s holdings in Sprouts Farmers Market were worth $3,490,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Commonwealth Equity Services LLC grew its holdings in Sprouts Farmers Market by 3.9% during the fourth quarter. Commonwealth Equity Services LLC now owns 11,811 shares of the company’s stock worth $277,000 after acquiring an additional 440 shares during the period. Global Retirement Partners LLC grew its holdings in Sprouts Farmers Market by 100.8% during the fourth quarter. Global Retirement Partners LLC now owns 1,245 shares of the company’s stock worth $29,000 after acquiring an additional 625 shares during the period. Texas Permanent School Fund grew its holdings in Sprouts Farmers Market by 0.9% during the first quarter. Texas Permanent School Fund now owns 84,278 shares of the company’s stock worth $1,815,000 after acquiring an additional 775 shares during the period. New York State Teachers Retirement System boosted its position in 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 worth $1,829,000 after purchasing an additional 900 shares in the last quarter. Finally, California State Teachers Retirement System boosted its position in Sprouts Farmers Market by 0.5% during the first quarter. California State Teachers Retirement System now owns 198,142 shares of the company’s stock worth $4,268,000 after purchasing an additional 998 shares in the last quarter. 98.57% of the stock is currently owned by institutional investors and hedge funds.

Shares of NASDAQ:SFM traded down $0.09 on Wednesday, hitting $20.72. The company had a trading volume of 493,649 shares, compared to its average volume of 1,662,176. The company has a quick ratio of 0.20, a current ratio of 0.88 and a debt-to-equity ratio of 2.84. Sprouts Farmers Market Inc has a 52-week low of $19.72 and a 52-week high of $29.67. The company has a market capitalization of $2.41 billion, a P/E ratio of 16.06, a P/E/G ratio of 1.73 and a beta of 0.54.

Sprouts Farmers Market (NASDAQ:SFM) last issued its quarterly earnings data on Thursday, May 2nd. The company reported $0.46 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.40 by $0.06. Sprouts Farmers Market had a return on equity of 26.41% and a net margin of 2.78%. The business had revenue of $413.90 million for the quarter, compared to the consensus estimate of $1.41 billion. During the same period in the prior year, the business earned $0.50 earnings per share. The business’s revenue was down 67.8% on a year-over-year basis. On average, sell-side analysts anticipate that Sprouts Farmers Market Inc will post 1.21 earnings per share for the current year.

SFM has been the topic of a number of research analyst reports. ValuEngine downgraded Sprouts Farmers Market from a “hold” rating to a “sell” rating in a research report on Tuesday, April 16th. Wells Fargo & Co reiterated a “hold” rating on shares of Sprouts Farmers Market in a research report on Wednesday, March 27th. Deutsche Bank upgraded Sprouts Farmers Market from a “hold” rating to a “buy” rating in a research report on Monday, April 29th. Northcoast Research downgraded Sprouts Farmers Market from a “buy” rating to a “neutral” rating in a research report on Friday, February 22nd. Finally, BidaskClub downgraded Sprouts Farmers Market from a “hold” rating to a “sell” rating in a research report on Thursday, April 4th. Five equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have assigned a buy rating to the stock. Sprouts Farmers Market currently has a consensus rating of “Hold” and a consensus target price of $25.91.

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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, 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.

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

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