Rock Point Advisors LLC raised its position in Sprouts Farmers Market Inc. (NASDAQ:SFM) by 8.9% during the second quarter, Holdings Channel reports. The institutional investor owned 192,725 shares of the company’s stock after buying an additional 15,785 shares during the period. Sprouts Farmers Market makes up 2.4% of Rock Point Advisors LLC’s portfolio, making the stock its 18th largest position. Rock Point Advisors LLC’s holdings in Sprouts Farmers Market were worth $4,413,000 at the end of the most recent reporting period.
Several other large investors have also modified their holdings of SFM. Rafferty Asset Management LLC acquired a new stake in shares of Sprouts Farmers Market during the first quarter worth about $489,000. Riverhead Capital Management LLC acquired a new stake in shares of Sprouts Farmers Market during the first quarter worth about $683,000. UBS Group AG raised its stake in shares of Sprouts Farmers Market by 110.7% in the first quarter. UBS Group AG now owns 808,759 shares of the company’s stock worth $23,486,000 after buying an additional 424,986 shares in the last quarter. Prudential Financial Inc. acquired a new stake in shares of Sprouts Farmers Market during the first quarter worth about $2,296,000. Finally, Pictet Asset Management Ltd. raised its stake in shares of Sprouts Farmers Market by 8.0% in the first quarter. Pictet Asset Management Ltd. now owns 48,990 shares of the company’s stock worth $1,395,000 after buying an additional 3,617 shares in the last quarter. 93.43% of the stock is owned by hedge funds and other institutional investors.
Shares of Sprouts Farmers Market Inc. (NASDAQ:SFM) traded down 0.83% during mid-day trading on Monday, reaching $21.56. The company’s stock had a trading volume of 1,696,236 shares. Sprouts Farmers Market Inc. has a 52 week low of $18.70 and a 52 week high of $30.00. The company’s 50-day moving average is $20.89 and its 200-day moving average is $23.68. The stock has a market capitalization of $3.20 billion, a price-to-earnings ratio of 22.99 and a beta of 0.75.
Sprouts Farmers Market (NASDAQ:SFM) last released its quarterly earnings results on Thursday, August 4th. The company reported $0.25 EPS for the quarter, topping analysts’ consensus estimates of $0.24 by $0.01. Sprouts Farmers Market had a return on equity of 17.77% and a net margin of 3.72%. The company had revenue of $1,000 million for the quarter, compared to analysts’ expectations of $1.04 billion. During the same period in the prior year, the firm earned $0.22 earnings per share. The firm’s revenue was up 14.3% compared to the same quarter last year. Equities analysts predict that Sprouts Farmers Market Inc. will post $0.85 EPS for the current year.
A number of equities research analysts recently issued reports on SFM shares. Vetr lowered Sprouts Farmers Market from a “strong-buy” rating to a “buy” rating and set a $24.20 price target for the company. in a research note on Tuesday, September 6th. Barclays PLC started coverage on Sprouts Farmers Market in a research note on Friday, September 23rd. They set an “overweight” rating and a $24.00 price target for the company. Jefferies Group raised Sprouts Farmers Market from a “hold” rating to a “buy” rating and set a $24.00 price target for the company in a research note on Friday, September 30th. Deutsche Bank AG reduced their price objective on Sprouts Farmers Market from $35.00 to $31.00 and set a “buy” rating on the stock in a report on Thursday, July 14th. Finally, Royal Bank Of Canada reduced their price objective on Sprouts Farmers Market from $33.00 to $31.00 and set an “outperform” rating on the stock in a report on Friday, September 9th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and seventeen have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $27.15.
In related news, CFO Bradley Lukow acquired 2,000 shares of Sprouts Farmers Market stock in a transaction dated Friday, September 16th. The shares were acquired at an average cost of $20.05 per share, for a total transaction of $40,100.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 2.60% of the stock is owned by insiders.
About Sprouts Farmers Market
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.