Seven Eight Capital LP Acquires 7,485 Shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Seven Eight Capital LP boosted its holdings in Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 131.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 13,169 shares of the company’s stock after buying an additional 7,485 shares during the period. Seven Eight Capital LP’s holdings in Sprouts Farmers Market were worth $1,102,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Dorsey Wright & Associates acquired a new stake in shares of Sprouts Farmers Market in the fourth quarter worth $1,378,000. Cetera Advisors LLC bought a new stake in Sprouts Farmers Market in the 1st quarter valued at $349,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its holdings in 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 valued at $39,748,000 after purchasing an additional 48,225 shares during the period. 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 worth $74,013,000 after purchasing an additional 1,237,610 shares during the last quarter. Finally, Inspire Investing LLC increased its holdings in shares of Sprouts Farmers Market by 78.8% during the 1st quarter. Inspire Investing LLC now owns 26,113 shares of the company’s stock worth $1,684,000 after purchasing an additional 11,508 shares during the period.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on SFM shares. Evercore ISI upgraded shares of Sprouts Farmers Market from an “in-line” rating to an “outperform” rating and increased their target price for the company from $96.00 to $120.00 in a research note on Monday, September 16th. UBS Group raised their price objective on Sprouts Farmers Market from $68.00 to $94.00 and gave the stock a “neutral” rating in a research report on Friday, June 28th. The Goldman Sachs Group boosted their price objective on Sprouts Farmers Market from $89.00 to $111.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. Wells Fargo & Company upgraded Sprouts Farmers Market from an “underweight” rating to an “equal weight” rating and upped their target price for the company from $62.00 to $90.00 in a research note on Tuesday, July 30th. Finally, Roth Mkm lifted their price target on shares of Sprouts Farmers Market from $58.00 to $78.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 30th. Eight research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $99.22.

Insiders Place Their Bets

In other 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 in the company, valued at $1,035,165.44. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other Sprouts Farmers Market news, insider John Scott Neal sold 6,535 shares of the company’s stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $102.29, for a total transaction of $668,465.15. Following the transaction, the insider now owns 14,293 shares of the company’s stock, valued at approximately $1,462,030.97. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Stacy W. Hilgendorf sold 1,904 shares of Sprouts Farmers Market stock in a transaction on Thursday, August 1st. The shares were 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 disclosure for this sale can be found here. Over 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.

Sprouts Farmers Market Stock Up 0.2 %

SFM opened at $105.70 on Friday. The firm has a market cap of $10.58 billion, a price-to-earnings ratio of 36.45, a PEG ratio of 3.03 and a beta of 0.56. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.44 and a current ratio of 1.03. The firm’s 50-day simple moving average is $96.26 and its 200-day simple moving average is $80.48. Sprouts Farmers Market, Inc. has a twelve month low of $39.50 and a twelve month high of $107.90.

Sprouts Farmers Market (NASDAQ:SFM) last posted its quarterly earnings data on Monday, July 29th. The company reported $0.94 earnings per share for the quarter, topping the consensus estimate of $0.78 by $0.16. The company had revenue of $1.90 billion during 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 was up 12.3% on a year-over-year basis. During the same quarter last year, the business posted $0.71 earnings per share. Equities research analysts anticipate that Sprouts Farmers Market, Inc. will post 3.37 EPS for the current fiscal year.

Sprouts Farmers Market Company 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.