Lombard Odier Asset Management USA Corp Makes New $259,000 Investment in Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Lombard Odier Asset Management USA Corp acquired a new position in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 3,101 shares of the company’s stock, valued at approximately $259,000.

Several other hedge funds and other institutional investors have also modified their holdings of SFM. Mercer Global Advisors Inc. ADV increased its holdings in shares of Sprouts Farmers Market by 0.8% in the second quarter. Mercer Global Advisors Inc. ADV now owns 18,717 shares of the company’s stock valued at $1,566,000 after buying an additional 148 shares in the last quarter. Ironwood Investment Counsel LLC boosted its position in Sprouts Farmers Market by 3.8% during the first quarter. Ironwood Investment Counsel LLC now owns 5,277 shares of the company’s stock worth $340,000 after purchasing an additional 195 shares during the period. Parallel Advisors LLC grew its stake in Sprouts Farmers Market by 11.7% in the 4th quarter. Parallel Advisors LLC now owns 1,987 shares of the company’s stock valued at $96,000 after buying an additional 208 shares during the last quarter. Nations Financial Group Inc. IA ADV increased its position in Sprouts Farmers Market by 3.1% in the 4th quarter. Nations Financial Group Inc. IA ADV now owns 7,149 shares of the company’s stock worth $344,000 after buying an additional 216 shares during the period. Finally, Crewe Advisors LLC grew its position in Sprouts Farmers Market by 223.5% in the 2nd quarter. Crewe Advisors LLC now owns 317 shares of the company’s stock worth $27,000 after purchasing an additional 219 shares during the last quarter.

Insider Activity

In other Sprouts Farmers Market news, CEO Jack Sinclair sold 5,714 shares of the company’s stock in a transaction dated Tuesday, July 2nd. The stock was sold at an average price of $83.38, for a total value of $476,433.32. Following the transaction, the chief executive officer now directly owns 245,288 shares in the company, valued at approximately $20,452,113.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CEO Jack Sinclair sold 5,714 shares of the stock in a transaction dated Tuesday, July 2nd. The shares were sold at an average price of $83.38, for a total transaction of $476,433.32. Following the completion of the sale, the chief executive officer now directly owns 245,288 shares in the company, valued at $20,452,113.44. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Dustin Hamilton sold 500 shares of Sprouts Farmers Market stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $97.52, for a total transaction of $48,760.00. Following the sale, the insider now directly owns 27,188 shares in the company, valued at approximately $2,651,373.76. The disclosure for this sale can be found here. Over the last three months, insiders sold 123,221 shares of company stock worth $12,130,609. 1.10% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. Deutsche Bank Aktiengesellschaft raised their target price 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. BMO Capital Markets raised Sprouts Farmers Market from an “underperform” rating to a “market perform” rating and upped their price target for the company from $40.00 to $102.00 in a research note on Tuesday, July 30th. The Goldman Sachs Group upped their target price on shares of Sprouts Farmers Market from $89.00 to $111.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. Roth Mkm upped their target price on shares of Sprouts Farmers Market from $58.00 to $78.00 and gave the company a “neutral” rating in a research note on Tuesday, July 30th. Finally, Bank of America raised their price target on Sprouts Farmers Market from $100.00 to $115.00 and gave the stock a “buy” rating in a research report on Thursday, September 5th. Nine equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, Sprouts Farmers Market currently has an average rating of “Hold” and a consensus target price of $99.80.

Sprouts Farmers Market Trading Up 3.0 %

Shares of Sprouts Farmers Market stock opened at $108.89 on Tuesday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.44 and a current ratio of 1.03. Sprouts Farmers Market, Inc. has a 52 week low of $39.76 and a 52 week high of $109.01. The stock has a market capitalization of $10.94 billion, a PE ratio of 37.55, a price-to-earnings-growth ratio of 3.03 and a beta of 0.56. The stock has a 50 day moving average price of $96.76 and a two-hundred day moving average price of $81.04.

Sprouts Farmers Market (NASDAQ:SFM) last issued its quarterly earnings results on Monday, July 29th. The company reported $0.94 EPS for the quarter, topping 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 business had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.84 billion. During the same period last year, the company posted $0.71 earnings per share. Sprouts Farmers Market’s quarterly revenue was up 12.3% compared to the same quarter last year. As a group, equities analysts anticipate that Sprouts Farmers Market, Inc. will post 3.37 earnings per share for the current fiscal year.

About Sprouts Farmers Market

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.