SG Americas Securities LLC Buys 1,219 Shares of Sprouts Farmers Market, Inc. (SFM)

SG Americas Securities LLC lifted its holdings in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 4.7% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 26,984 shares of the company’s stock after purchasing an additional 1,219 shares during the quarter. SG Americas Securities LLC’s holdings in Sprouts Farmers Market were worth $612,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. Stephens Inc. AR purchased a new stake in shares of Sprouts Farmers Market during the first quarter worth approximately $446,000. Vident Investment Advisory LLC purchased a new stake in shares of Sprouts Farmers Market during the first quarter worth approximately $315,000. HighTower Advisors LLC increased its stake in Sprouts Farmers Market by 11.4% in the first quarter. HighTower Advisors LLC now owns 95,220 shares of the company’s stock valued at $2,189,000 after purchasing an additional 9,735 shares during the last quarter. 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 valued at $1,130,000 after purchasing an additional 600 shares during the last quarter. Finally, First Trust Advisors LP increased its stake in Sprouts Farmers Market by 150.2% in the second quarter. First Trust Advisors LP now owns 843,439 shares of the company’s stock valued at $19,121,000 after purchasing an additional 506,321 shares during the last quarter. 88.09% of the stock is currently owned by institutional investors and hedge funds.

Several equities analysts have commented on SFM shares. Royal Bank Of Canada set a $28.00 price target on shares of Sprouts Farmers Market and gave the company a “buy” rating in a research note on Friday, May 19th. BMO Capital Markets set a $24.00 target price on shares of Sprouts Farmers Market and gave the stock a “hold” rating in a research report on Saturday, June 10th. Morgan Stanley lowered shares of Sprouts Farmers Market from an “overweight” rating to an “equal” rating and raised their target price for the stock from $21.00 to $23.00 in a research report on Thursday, June 15th. Jefferies Group LLC set a $26.00 target price on shares of Sprouts Farmers Market and gave the stock a “buy” rating in a research report on Wednesday, June 14th. Finally, UBS AG upgraded shares of Sprouts Farmers Market from a “market perform” rating to an “outperform” rating in a research report on Friday, June 16th. One analyst has rated the stock with a sell rating, twelve have given a hold rating and eleven have assigned a buy rating to the stock. Sprouts Farmers Market presently has a consensus rating of “Hold” and an average price target of $25.11.

In other news, insider Brandon F. Lombardi sold 20,000 shares of Sprouts Farmers Market stock in a transaction on Monday, August 7th. The stock was sold at an average price of $24.34, for a total value of $486,800.00. Following the completion of the sale, the insider now directly owns 73,761 shares of the company’s stock, valued at approximately $1,795,342.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Steven H. Townsend sold 15,000 shares of the firm’s stock in a transaction on Thursday, August 17th. The stock was sold at an average price of $24.42, for a total value of $366,300.00. The disclosure for this sale can be found here. Insiders have sold a total of 48,448 shares of company stock valued at $1,158,504 over the last ninety days. Insiders own 2.60% of the company’s stock.

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Shares of Sprouts Farmers Market, Inc. (SFM) opened at 19.00 on Friday. The stock has a market cap of $2.58 billion, a PE ratio of 21.42 and a beta of 0.56. Sprouts Farmers Market, Inc. has a 52-week low of $17.38 and a 52-week high of $25.98. The company’s 50-day moving average price is $22.24 and its 200-day moving average price is $22.52.

Sprouts Farmers Market (NASDAQ:SFM) last released its quarterly earnings results on Thursday, August 3rd. The company reported $0.29 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.25 by $0.04. Sprouts Farmers Market had a return on equity of 18.79% and a net margin of 2.96%. The firm had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $1.17 billion. During the same period last year, the firm posted $0.25 EPS. The business’s revenue was up 14.8% on a year-over-year basis. Analysts expect that Sprouts Farmers Market, Inc. will post $0.93 earnings per share for the current year.

Sprouts Farmers Market Company Profile

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.

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

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