Promethos Capital LLC Increases Position in Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Promethos Capital LLC boosted its position in Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 55.9% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 63,546 shares of the company’s stock after acquiring an additional 22,790 shares during the period. Sprouts Farmers Market comprises approximately 2.0% of Promethos Capital LLC’s holdings, making the stock its 18th biggest holding. Promethos Capital LLC owned 0.06% of Sprouts Farmers Market worth $5,316,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of SFM. Vanguard Group Inc. raised its holdings in shares of Sprouts Farmers Market by 0.3% in the 1st quarter. Vanguard Group Inc. now owns 10,715,970 shares of the company’s stock worth $690,966,000 after purchasing an additional 29,362 shares during the period. Renaissance Technologies LLC increased its position in Sprouts Farmers Market by 15.4% during the 2nd quarter. Renaissance Technologies LLC now owns 4,438,144 shares of the company’s stock worth $371,295,000 after purchasing an additional 593,600 shares in the last quarter. Nordea Investment Management AB raised its holdings in Sprouts Farmers Market by 9.8% in the first quarter. Nordea Investment Management AB now owns 3,336,707 shares of the company’s stock valued at $216,419,000 after buying an additional 297,067 shares during the period. Point72 Asset Management L.P. lifted its position in Sprouts Farmers Market by 411.4% during the fourth quarter. Point72 Asset Management L.P. now owns 1,538,410 shares of the company’s stock valued at $74,013,000 after buying an additional 1,237,610 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its stake in Sprouts Farmers Market by 36.9% during the fourth quarter. Goldman Sachs Group Inc. now owns 1,478,588 shares of the company’s stock worth $71,135,000 after buying an additional 398,901 shares during the period.

Sprouts Farmers Market Trading Up 0.6 %

Sprouts Farmers Market stock opened at $105.44 on Friday. The business has a 50 day moving average price of $95.80 and a two-hundred day moving average price of $80.19. The company has a quick ratio of 0.44, a current ratio of 1.03 and a debt-to-equity ratio of 0.01. Sprouts Farmers Market, Inc. has a 12 month low of $39.50 and a 12 month high of $107.90. The stock has a market cap of $10.56 billion, a price-to-earnings ratio of 36.36, a price-to-earnings-growth ratio of 3.03 and a beta of 0.56.

Sprouts Farmers Market (NASDAQ:SFM) last released its quarterly earnings data on Monday, July 29th. The company reported $0.94 earnings per share 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 for the quarter, compared to the consensus estimate of $1.84 billion. During the same period in the previous year, the business earned $0.71 earnings per share. The company’s quarterly revenue was up 12.3% on a year-over-year basis. As a group, equities analysts forecast that Sprouts Farmers Market, Inc. will post 3.37 EPS for the current year.

Insiders Place Their Bets

In other news, VP Stacy W. Hilgendorf sold 1,904 shares of the firm’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $101.12, for a total value of $192,532.48. Following the transaction, the vice president now owns 10,237 shares of the company’s stock, valued at approximately $1,035,165.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Jack Sinclair sold 5,714 shares of the company’s stock in a transaction on Tuesday, July 2nd. The shares were sold at an average price of $83.38, for a total value of $476,433.32. Following the completion of the sale, the chief executive officer now owns 245,288 shares in the company, valued at approximately $20,452,113.44. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, VP Stacy W. Hilgendorf sold 1,904 shares of the firm’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $101.12, for a total value of $192,532.48. Following the sale, the vice president now directly owns 10,237 shares in the company, valued at approximately $1,035,165.44. The disclosure for this sale can be found here. In the last quarter, insiders have sold 123,221 shares of company stock valued at $12,130,609. 1.10% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on SFM shares. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Sprouts Farmers Market from $63.00 to $76.00 and gave the stock a “hold” rating in a research report on Monday, July 29th. Evercore ISI raised shares of Sprouts Farmers Market from an “in-line” rating to an “outperform” rating and upped their price objective for the company from $96.00 to $120.00 in a research report on Monday. Royal Bank of Canada assumed coverage on Sprouts Farmers Market in a research note on Thursday, September 12th. They set a “sector perform” rating and a $107.00 target price for the company. Bank of America boosted their price target on Sprouts Farmers Market from $100.00 to $115.00 and gave the stock a “buy” rating in a research note on Thursday, September 5th. Finally, BMO Capital Markets upgraded Sprouts Farmers Market from an “underperform” rating to a “market perform” rating and raised their price objective for the company from $40.00 to $102.00 in a research note on Tuesday, July 30th. Eight research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $99.22.

Sprouts Farmers Market 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.