Rhumbline Advisers Increases Stock Holdings in Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Rhumbline Advisers lifted its stake in Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 0.6% in the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 324,805 shares of the company’s stock after purchasing an additional 1,862 shares during the quarter. Rhumbline Advisers owned about 0.32% of Sprouts Farmers Market worth $27,173,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of SFM. Rise Advisors LLC purchased a new position in Sprouts Farmers Market during the 1st quarter valued at $26,000. Crewe Advisors LLC boosted its holdings in Sprouts Farmers Market by 223.5% during the 2nd quarter. Crewe Advisors LLC now owns 317 shares of the company’s stock valued at $27,000 after acquiring an additional 219 shares during the period. Whittier Trust Co. of Nevada Inc. purchased a new position in Sprouts Farmers Market during the 2nd quarter valued at $29,000. Blue Bell Private Wealth Management LLC purchased a new stake in shares of Sprouts Farmers Market in the 1st quarter worth $36,000. Finally, Principal Securities Inc. purchased a new stake in shares of Sprouts Farmers Market in the 4th quarter worth $54,000.

Insider Buying and Selling at Sprouts Farmers Market

In other Sprouts Farmers Market news, insider Timmi Zalatoris sold 56,800 shares of the stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $100.00, for a total value of $5,680,000.00. Following the completion of the sale, the insider now directly owns 10,895 shares in the company, valued at $1,089,500. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other news, insider John Scott Neal sold 6,535 shares of the firm’s stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $102.29, for a total value of $668,465.15. Following the completion of the transaction, the insider now directly owns 14,293 shares in the company, valued at $1,462,030.97. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Timmi Zalatoris sold 56,800 shares of the firm’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $100.00, for a total value of $5,680,000.00. Following the completion of the transaction, the insider now owns 10,895 shares of the company’s stock, valued at $1,089,500. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 126,942 shares of company stock worth $12,373,193. 1.10% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

SFM has been the subject of several research reports. Roth Mkm upped their target price on Sprouts Farmers Market from $58.00 to $78.00 and gave the stock a “neutral” rating in a report on Tuesday, July 30th. UBS Group upped their target price on Sprouts Farmers Market from $68.00 to $94.00 and gave the stock a “neutral” rating in a report on Friday, June 28th. The Goldman Sachs Group upped their target price on Sprouts Farmers Market from $89.00 to $111.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. BMO Capital Markets raised Sprouts Farmers Market from an “underperform” rating to a “market perform” rating and boosted their price target for the stock from $40.00 to $102.00 in a research report on Tuesday, July 30th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on Sprouts Farmers Market from $63.00 to $76.00 and gave the stock a “hold” rating in a research report on Monday, July 29th. Eight research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $95.25.

Sprouts Farmers Market Trading Down 0.8 %

SFM opened at $98.83 on Friday. The stock has a fifty day moving average price of $92.01 and a 200-day moving average price of $77.57. Sprouts Farmers Market, Inc. has a 12 month low of $38.46 and a 12 month high of $104.41. The firm has a market cap of $9.93 billion, a price-to-earnings ratio of 34.08, a PEG ratio of 2.78 and a beta of 0.56. The company has a current ratio of 1.03, a quick ratio of 0.44 and a debt-to-equity ratio of 0.01.

Sprouts Farmers Market (NASDAQ:SFM) last released its quarterly earnings results on Monday, July 29th. The company reported $0.94 EPS for the quarter, beating analysts’ consensus estimates of $0.78 by $0.16. Sprouts Farmers Market had a return on equity of 27.53% and a net margin of 4.52%. The company had revenue of $1.90 billion during the quarter, compared to analysts’ expectations of $1.84 billion. During the same period last year, the business posted $0.71 earnings per share. The firm’s revenue was up 12.3% compared to the same quarter last year. As a group, equities research analysts anticipate that Sprouts Farmers Market, Inc. will post 3.37 earnings per share for the current fiscal year.

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.