Sprouts Farmers Market, Inc. (SFM) Shares Bought by Lazard Asset Management LLC

Lazard Asset Management LLC boosted its position in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 7.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,749,544 shares of the company’s stock after buying an additional 121,495 shares during the period. Lazard Asset Management LLC owned about 1.28% of Sprouts Farmers Market worth $40,449,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Benjamin F. Edwards & Company Inc. increased its stake in Sprouts Farmers Market by 2.8% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 7,355 shares of the company’s stock worth $170,000 after buying an additional 200 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in Sprouts Farmers Market by 4.0% in the fourth quarter. Envestnet Asset Management Inc. now owns 9,443 shares of the company’s stock worth $179,000 after buying an additional 363 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. increased its stake in Sprouts Farmers Market by 6.7% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 6,216 shares of the company’s stock worth $119,000 after buying an additional 390 shares in the last quarter. PNC Financial Services Group Inc. increased its stake in Sprouts Farmers Market by 9.4% in the first quarter. PNC Financial Services Group Inc. now owns 5,460 shares of the company’s stock worth $126,000 after buying an additional 468 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund increased its stake in Sprouts Farmers Market by 1.2% in the first quarter. Oregon Public Employees Retirement Fund now owns 48,887 shares of the company’s stock worth $1,130,000 after buying an additional 600 shares in the last quarter. Institutional investors and hedge funds own 91.41% of the company’s stock.

Institutional Ownership by Quarter for Sprouts Farmers Market (NASDAQ:SFM)

Shares of Sprouts Farmers Market, Inc. (NASDAQ SFM) traded up 3.47% during mid-day trading on Monday, hitting $21.74. The stock had a trading volume of 7,631,817 shares. The stock has a market cap of $2.99 billion, a P/E ratio of 25.55 and a beta of 0.50. The firm has a 50 day moving average of $23.67 and a 200-day moving average of $21.16. Sprouts Farmers Market, Inc. has a one year low of $17.38 and a one year high of $25.98. Sprouts Farmers Market also was the recipient of unusually large options trading on Friday. Stock investors purchased 19,647 call options on the company. This is an increase of 1,396% compared to the average volume of 1,313 call options.

Sprouts Farmers Market (NASDAQ:SFM) last issued its quarterly earnings results on Thursday, May 4th. The company reported $0.33 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.29 by $0.04. The firm had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.11 billion. Sprouts Farmers Market had a return on equity of 17.33% and a net margin of 2.97%. The business’s revenue was up 13.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.30 earnings per share. Equities research analysts expect that Sprouts Farmers Market, Inc. will post $0.91 earnings per share for the current fiscal year.

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SFM has been the subject of a number of recent research reports. Jefferies Group LLC set a $26.00 price objective on Sprouts Farmers Market and gave the company a “buy” rating in a research note on Monday, May 1st. BMO Capital Markets set a $24.00 price objective on Sprouts Farmers Market and gave the company a “hold” rating in a research note on Saturday, June 10th. Morgan Stanley reiterated an “equal weight” rating and set a $22.00 price objective (down from $23.00) on shares of Sprouts Farmers Market in a research note on Monday. Royal Bank Of Canada set a $28.00 price objective on Sprouts Farmers Market and gave the company a “buy” rating in a research note on Friday, May 19th. Finally, TheStreet upgraded Sprouts Farmers Market from a “c+” rating to a “b-” rating in a research note on Friday, May 5th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and fourteen have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $24.95.

In related news, CEO Amin N. Maredia sold 10,043 shares of Sprouts Farmers Market stock in a transaction that occurred on Monday, April 3rd. The stock was sold at an average price of $23.01, for a total transaction of $231,089.43. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, COO James Leroy Nielsen sold 55,322 shares of Sprouts Farmers Market stock in a transaction that occurred on Thursday, May 25th. The stock was sold at an average price of $23.74, for a total value of $1,313,344.28. Following the transaction, the chief operating officer now owns 152,430 shares in the company, valued at approximately $3,618,688.20. The disclosure for this sale can be found here. Insiders sold 115,841 shares of company stock worth $2,766,612 over the last ninety days. Corporate insiders own 2.60% of the company’s stock.

About Sprouts Farmers Market

Sprouts Farmers Market, Inc is a food retailer. The Company operates as a grocery store that offers fresh, natural and organic food that includes fresh produce, bulk foods, vitamins and supplements, packaged groceries, meat and seafood, deli, baked goods, dairy products, frozen foods, body care and natural household items catering to consumers’ interest in health and wellness.

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