Metropolitan Life Insurance Co NY Reduces Stock Position in Sprouts Farmers Market Inc (NASDAQ:SFM)

Metropolitan Life Insurance Co NY cut its stake in Sprouts Farmers Market Inc (NASDAQ:SFM) by 11.0% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 35,689 shares of the company’s stock after selling 4,403 shares during the quarter. Metropolitan Life Insurance Co NY’s holdings in Sprouts Farmers Market were worth $690,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Cerebellum GP LLC bought a new position in Sprouts Farmers Market in the third quarter valued at about $26,000. Meeder Asset Management Inc. purchased a new stake in shares of Sprouts Farmers Market during the 2nd quarter valued at about $28,000. Quadrant Capital Group LLC increased its position in shares of Sprouts Farmers Market by 77.4% during the 3rd quarter. Quadrant Capital Group LLC now owns 1,646 shares of the company’s stock valued at $31,000 after purchasing an additional 718 shares during the last quarter. Signaturefd LLC increased its position in shares of Sprouts Farmers Market by 2,142.5% during the 3rd quarter. Signaturefd LLC now owns 1,951 shares of the company’s stock valued at $38,000 after purchasing an additional 1,864 shares during the last quarter. Finally, Point72 Hong Kong Ltd bought a new position in shares of Sprouts Farmers Market in the 2nd quarter worth approximately $176,000. Hedge funds and other institutional investors own 91.40% of the company’s stock.

Shares of NASDAQ:SFM opened at $20.37 on Tuesday. The stock has a 50 day moving average of $19.60 and a 200 day moving average of $18.99. The company has a market cap of $2.38 billion, a PE ratio of 15.79, a price-to-earnings-growth ratio of 2.83 and a beta of 0.35. Sprouts Farmers Market Inc has a 12-month low of $16.46 and a 12-month high of $25.32. The company has a current ratio of 0.87, a quick ratio of 0.27 and a debt-to-equity ratio of 2.92.

Sprouts Farmers Market (NASDAQ:SFM) last released its earnings results on Wednesday, October 30th. The company reported $0.22 EPS for the quarter, topping analysts’ consensus estimates of $0.20 by $0.02. Sprouts Farmers Market had a net margin of 2.36% and a return on equity of 25.50%. The company had revenue of $1.44 billion for the quarter, compared to analysts’ expectations of $1.42 billion. During the same quarter last year, the business earned $0.27 EPS. The firm’s revenue was up 8.4% compared to the same quarter last year. Equities research analysts predict that Sprouts Farmers Market Inc will post 1.12 earnings per share for the current fiscal year.

In related news, insider David Mcglinchey sold 1,655 shares of the stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $19.96, for a total transaction of $33,033.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Theodore Edward Frumkin II sold 50,000 shares of Sprouts Farmers Market stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $20.12, for a total value of $1,006,000.00. Corporate insiders own 0.70% of the company’s stock.

SFM has been the topic of a number of research reports. ValuEngine raised shares of Sprouts Farmers Market from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. Barclays reaffirmed a “hold” rating and set a $19.00 target price on shares of Sprouts Farmers Market in a report on Friday, November 1st. Cfra downgraded shares of Sprouts Farmers Market from a “strong-buy” rating to a “buy” rating in a research report on Thursday, October 31st. Northcoast Research upgraded shares of Sprouts Farmers Market from a “neutral” rating to a “buy” rating and set a $22.00 price target on the stock in a research report on Thursday, August 15th. Finally, Zacks Investment Research cut shares of Sprouts Farmers Market from a “hold” rating to a “sell” rating and set a $20.00 price target on the stock. in a research note on Wednesday, October 23rd. Five investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $20.78.

Sprouts Farmers Market Company 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, 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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