Today The Bridgewater Wealth & Financial Management LLC Buys 61,992 Shares of Sprouts Farmers Market, Inc. (SFM)

Today The Bridgewater Wealth & Financial Management LLC Buys 61,992 Shares of Sprouts Farmers Market, Inc. (SFM)

Bridgewater Wealth & Financial Management LLC increased its stake in Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 26.9% during the third quarter, Holdings Channel reports. The fund owned 292,150 shares of the company’s stock after buying an additional 61,992 shares during the period. Sprouts Farmers Market comprises about 2.2% of Bridgewater Wealth & Financial Management LLC’s investment portfolio, making the stock its 18th largest position. Bridgewater Wealth & Financial Management LLC’s holdings in Sprouts Farmers Market were worth $6,033,000 as of its most recent filing with the SEC.

Several other large investors also recently bought and sold shares of the company. Jennison Associates LLC increased its position in Sprouts Farmers Market by 12.4% in the third quarter. Jennison Associates LLC now owns 7,773,899 shares of the company’s stock worth $160,531,000 after buying an additional 854,972 shares in the last quarter. PGGM Investments increased its position in Sprouts Farmers Market by 271.0% in the second quarter. PGGM Investments now owns 1,094,227 shares of the company’s stock worth $25,058,000 after buying an additional 799,249 shares in the last quarter. Eagle Asset Management Inc. increased its position in Sprouts Farmers Market by 172.9% in the third quarter. Eagle Asset Management Inc. now owns 989,891 shares of the company’s stock worth $20,441,000 after buying an additional 627,183 shares in the last quarter. Clinton Group Inc. acquired a new position in Sprouts Farmers Market during the second quarter worth about $11,445,000. Finally, Vanguard Group Inc. increased its position in Sprouts Farmers Market by 3.3% in the second quarter. Vanguard Group Inc. now owns 10,811,104 shares of the company’s stock worth $247,574,000 after buying an additional 343,615 shares in the last quarter. Institutional investors and hedge funds own 92.14% of the company’s stock.

Sprouts Farmers Market, Inc. (NASDAQ:SFM) traded up 1.649% during trading on Wednesday, reaching $19.415. 684,248 shares of the company’s stock traded hands. The firm has a market capitalization of $2.76 billion, a PE ratio of 21.839 and a beta of 0.58. Sprouts Farmers Market, Inc. has a 1-year low of $18.70 and a 1-year high of $30.00. The firm has a 50 day moving average of $19.91 and a 200 day moving average of $21.32.

Sprouts Farmers Market (NASDAQ:SFM) last released its earnings results on Thursday, November 3rd. The company reported $0.16 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.17 by $0.01. Sprouts Farmers Market had a return on equity of 17.00% and a net margin of 3.40%. The firm earned $1.04 billion during the quarter, compared to analyst estimates of $1.01 billion. During the same quarter last year, the business posted $0.21 EPS. The firm’s revenue was up 14.7% on a year-over-year basis. Equities analysts forecast that Sprouts Farmers Market, Inc. will post $0.84 EPS for the current year.

A number of research firms recently issued reports on SFM. William Blair began coverage on shares of Sprouts Farmers Market in a research report on Friday, January 20th. They set an “outperform” rating for the company. Goldman Sachs Group, Inc. (The) downgraded shares of Sprouts Farmers Market from a “buy” rating to a “neutral” rating and set a $21.00 price objective for the company. in a research report on Thursday, January 19th. Zacks Investment Research downgraded shares of Sprouts Farmers Market from a “hold” rating to a “sell” rating in a research report on Friday, January 6th. Guggenheim reiterated a “neutral” rating on shares of Sprouts Farmers Market in a research report on Monday, November 7th. Finally, BMO Capital Markets reiterated a “buy” rating and issued a $25.00 price objective on shares of Sprouts Farmers Market in a research report on Monday, November 7th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and sixteen have issued a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $26.10.

In related news, Director James Douglas Sanders sold 45,000 shares of the firm’s stock in a transaction dated Thursday, January 19th. The shares were sold at an average price of $19.97, for a total value of $898,650.00. Following the completion of the sale, the director now owns 77,810 shares in the company, valued at $1,553,865.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Brandon F. Lombardi sold 22,959 shares of the firm’s stock in a transaction dated Friday, November 11th. The shares were sold at an average price of $21.03, for a total transaction of $482,827.77. Following the completion of the sale, the insider now owns 30,118 shares of the company’s stock, valued at approximately $633,381.54. The disclosure for this sale can be found here. Insiders sold a total of 157,959 shares of company stock valued at $3,124,778 in the last 90 days. Company insiders own 2.60% of the company’s stock.

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.

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