Oppenheimer Asset Management Inc. Purchases Shares of 3,327 Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Oppenheimer Asset Management Inc. purchased a new position in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 3,327 shares of the company’s stock, valued at approximately $278,000.

Several other large investors also recently modified their holdings of the stock. Dorsey Wright & Associates bought a new stake in Sprouts Farmers Market in the 4th quarter valued at about $1,378,000. Cetera Advisors LLC acquired a new position in shares of Sprouts Farmers Market during the first quarter worth approximately $349,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its holdings in shares of Sprouts Farmers Market by 8.5% in the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 616,429 shares of the company’s stock worth $39,748,000 after purchasing an additional 48,225 shares in the last quarter. Point72 Asset Management L.P. grew its position in Sprouts Farmers Market by 411.4% in the 4th quarter. Point72 Asset Management L.P. now owns 1,538,410 shares of the company’s stock valued at $74,013,000 after purchasing an additional 1,237,610 shares during the period. Finally, Inspire Investing LLC raised its holdings in Sprouts Farmers Market by 78.8% during the first quarter. Inspire Investing LLC now owns 26,113 shares of the company’s stock worth $1,684,000 after buying an additional 11,508 shares during the last quarter.

Insider Activity at Sprouts Farmers Market

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

Sprouts Farmers Market Trading Up 0.2 %

NASDAQ SFM opened at $105.70 on Friday. The business’s fifty day moving average is $96.26 and its 200-day moving average is $80.60. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.03 and a quick ratio of 0.44. The stock has a market capitalization of $10.62 billion, a price-to-earnings ratio of 36.45, a PEG ratio of 3.03 and a beta of 0.56. Sprouts Farmers Market, Inc. has a one year low of $39.50 and a one year high of $107.90.

Sprouts Farmers Market (NASDAQ:SFM) last announced its quarterly earnings data on Monday, July 29th. The company reported $0.94 EPS for the quarter, topping the consensus estimate of $0.78 by $0.16. The business had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.84 billion. Sprouts Farmers Market had a net margin of 4.52% and a return on equity of 27.53%. The company’s revenue for the quarter was up 12.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.71 earnings per share. Equities research analysts predict that Sprouts Farmers Market, Inc. will post 3.37 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on SFM shares. UBS Group lifted their price objective on shares of Sprouts Farmers Market from $68.00 to $94.00 and gave the company a “neutral” rating in a report on Friday, June 28th. Wells Fargo & Company upgraded Sprouts Farmers Market from an “underweight” rating to an “equal weight” rating and lifted their price target for the company from $62.00 to $90.00 in a research note on Tuesday, July 30th. Bank of America raised their target price on Sprouts Farmers Market from $100.00 to $115.00 and gave the company a “buy” rating in a report on Thursday, September 5th. Evercore ISI upgraded Sprouts Farmers Market from an “in-line” rating to an “outperform” rating and upped their price target for the stock from $96.00 to $120.00 in a report on Monday, September 16th. Finally, Royal Bank of Canada started coverage on Sprouts Farmers Market in a research report on Thursday, September 12th. They issued a “sector perform” rating and a $107.00 price target for the company. Eight equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average 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.