Federated Hermes Inc. Has $60.56 Million Stock Holdings in Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Federated Hermes Inc. lifted its holdings in Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 4.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 396,725 shares of the company’s stock after buying an additional 15,557 shares during the period. Federated Hermes Inc.’s holdings in Sprouts Farmers Market were worth $60,556,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of SFM. LPL Financial LLC boosted its position in shares of Sprouts Farmers Market by 47.6% in the fourth quarter. LPL Financial LLC now owns 160,522 shares of the company’s stock worth $20,398,000 after buying an additional 51,782 shares during the period. Mitsubishi UFJ Trust & Banking Corp boosted its position in Sprouts Farmers Market by 53.6% during the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 5,160 shares of the company’s stock valued at $656,000 after purchasing an additional 1,800 shares during the last quarter. Norges Bank acquired a new stake in Sprouts Farmers Market during the fourth quarter valued at $143,113,000. New Age Alpha Advisors LLC acquired a new stake in Sprouts Farmers Market during the fourth quarter valued at $1,162,000. Finally, Orion Portfolio Solutions LLC boosted its position in Sprouts Farmers Market by 5.6% during the fourth quarter. Orion Portfolio Solutions LLC now owns 18,677 shares of the company’s stock valued at $2,373,000 after purchasing an additional 987 shares during the last quarter.

Insiders Place Their Bets

In other news, insider John Scott Neal sold 17,721 shares of Sprouts Farmers Market stock in a transaction dated Thursday, May 15th. The stock was sold at an average price of $160.89, for a total value of $2,851,131.69. Following the transaction, the insider directly owned 14,178 shares in the company, valued at approximately $2,281,098.42. The trade was a 55.55% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Jack Sinclair sold 4,054 shares of the business’s stock in a transaction dated Monday, June 16th. The shares were sold at an average price of $160.45, for a total value of $650,464.30. Following the transaction, the chief executive officer owned 174,740 shares in the company, valued at $28,037,033. This represents a 2.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 74,035 shares of company stock valued at $12,213,719 in the last ninety days. Company insiders own 1.10% of the company’s stock.

Sprouts Farmers Market Trading Down 1.7%

Sprouts Farmers Market stock opened at $156.94 on Wednesday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.51 and a current ratio of 0.95. The business’s 50-day simple moving average is $164.47 and its 200-day simple moving average is $158.12. The firm has a market capitalization of $15.36 billion, a PE ratio of 35.27, a PEG ratio of 1.99 and a beta of 0.77. Sprouts Farmers Market, Inc. has a 52 week low of $91.36 and a 52 week high of $182.00.

Sprouts Farmers Market (NASDAQ:SFM) last posted its quarterly earnings data on Wednesday, April 30th. The company reported $1.81 EPS for the quarter, topping analysts’ consensus estimates of $1.54 by $0.27. The business had revenue of $2.24 billion for the quarter, compared to analyst estimates of $2.20 billion. Sprouts Farmers Market had a return on equity of 34.20% and a net margin of 5.53%. The firm’s revenue for the quarter was up 18.7% on a year-over-year basis. During the same period in the previous year, the company posted $1.12 earnings per share. Equities research analysts forecast that Sprouts Farmers Market, Inc. will post 4.29 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms recently issued reports on SFM. UBS Group reduced their price objective on Sprouts Farmers Market from $196.00 to $182.00 and set a “neutral” rating for the company in a research report on Tuesday. Barclays began coverage on Sprouts Farmers Market in a research report on Monday, July 21st. They set an “equal weight” rating and a $173.00 price objective for the company. Evercore ISI lifted their price objective on Sprouts Farmers Market from $180.00 to $185.00 and gave the company an “outperform” rating in a research report on Thursday, May 1st. Royal Bank Of Canada lifted their price objective on Sprouts Farmers Market from $172.00 to $173.00 and gave the company a “sector perform” rating in a research report on Tuesday, July 15th. Finally, Wall Street Zen raised Sprouts Farmers Market from a “hold” rating to a “buy” rating in a research report on Wednesday, April 23rd. Ten analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $167.27.

Sprouts Farmers Market Company Profile

Sprouts Farmers Market, Inc, together with its subsidiaries, engages in the retailing of fresh, natural, and organic food products under the Sprouts brand in the United States. It offers perishable product categories, including fresh produce, meat and meat alternatives, seafood, deli, bakery, floral, and dairy and dairy alternatives; and non-perishable product categories, such as grocery, vitamins and supplements, bulk items, frozen foods, beer and wine, and natural health and body care.