Dana Investment Advisors Inc. Has $6.94 Million Holdings in Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Dana Investment Advisors Inc. trimmed its holdings in Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 2.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 82,909 shares of the company’s stock after selling 2,199 shares during the period. Dana Investment Advisors Inc. owned about 0.08% of Sprouts Farmers Market worth $6,936,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of SFM. Cetera Investment Advisers increased its position in shares of Sprouts Farmers Market by 42.2% during the second quarter. Cetera Investment Advisers now owns 74,943 shares of the company’s stock worth $6,270,000 after acquiring an additional 22,246 shares in the last quarter. Quarry LP increased its holdings in Sprouts Farmers Market by 1,425.8% during the 2nd quarter. Quarry LP now owns 473 shares of the company’s stock worth $40,000 after purchasing an additional 442 shares in the last quarter. Creative Planning raised its stake in shares of Sprouts Farmers Market by 29.8% in the 2nd quarter. Creative Planning now owns 29,962 shares of the company’s stock valued at $2,507,000 after purchasing an additional 6,871 shares during the period. Algert Global LLC raised its stake in shares of Sprouts Farmers Market by 57.0% in the 2nd quarter. Algert Global LLC now owns 51,540 shares of the company’s stock valued at $4,312,000 after purchasing an additional 18,710 shares during the period. Finally, Driehaus Capital Management LLC lifted its holdings in shares of Sprouts Farmers Market by 7.8% in the second quarter. Driehaus Capital Management LLC now owns 734,992 shares of the company’s stock valued at $61,489,000 after purchasing an additional 53,165 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on SFM. Royal Bank of Canada assumed coverage on Sprouts Farmers Market in a report on Thursday, September 12th. They set a “sector perform” rating and a $107.00 price objective for the company. BMO Capital Markets raised shares of Sprouts Farmers Market from an “underperform” rating to a “market perform” rating and raised their price target for the stock from $40.00 to $102.00 in a research note on Tuesday, July 30th. Deutsche Bank Aktiengesellschaft boosted their price objective 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. Wells Fargo & Company raised shares of Sprouts Farmers Market from an “underweight” rating to an “equal weight” rating and raised their target price for the company from $62.00 to $90.00 in a research report on Tuesday, July 30th. Finally, The Goldman Sachs Group boosted their price target on Sprouts Farmers Market from $89.00 to $111.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Nine investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, Sprouts Farmers Market currently has an average rating of “Hold” and a consensus price target of $99.80.

Sprouts Farmers Market Trading Up 0.5 %

SFM stock opened at $110.97 on Wednesday. Sprouts Farmers Market, Inc. has a 52 week low of $39.76 and a 52 week high of $111.96. 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 company’s 50-day simple moving average is $99.36 and its 200 day simple moving average is $82.67. The company has a market capitalization of $11.11 billion, a PE ratio of 38.27, a price-to-earnings-growth ratio of 3.07 and a beta of 0.56.

Sprouts Farmers Market (NASDAQ:SFM) last announced its earnings results on Monday, July 29th. The company reported $0.94 EPS for the quarter, topping the consensus estimate of $0.78 by $0.16. The company had revenue of $1.90 billion for the quarter, compared to analysts’ expectations of $1.84 billion. Sprouts Farmers Market had a net margin of 4.52% and a return on equity of 27.53%. The business’s revenue for the quarter was up 12.3% on a year-over-year basis. During the same period last year, the firm earned $0.71 earnings per share. As a group, sell-side analysts anticipate that Sprouts Farmers Market, Inc. will post 3.37 earnings per share for the current year.

Insider Buying and Selling at Sprouts Farmers Market

In other news, insider John Scott Neal sold 6,535 shares of Sprouts Farmers Market stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $102.29, for a total value of $668,465.15. Following the transaction, the insider now owns 14,293 shares in the company, valued at approximately $1,462,030.97. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other Sprouts Farmers Market news, CEO Jack Sinclair sold 5,714 shares of the company’s stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $95.52, for a total value of $545,801.28. Following the completion of the transaction, the chief executive officer now owns 233,860 shares of the company’s stock, valued at approximately $22,338,307.20. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider John Scott Neal sold 6,535 shares of the company’s stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $102.29, for a total value of $668,465.15. Following the completion of the transaction, the insider now directly owns 14,293 shares of the company’s stock, valued at approximately $1,462,030.97. The disclosure for this sale can be found here. Insiders have sold a total of 117,507 shares of company stock valued at $11,654,176 in the last ninety days. 1.10% of the stock is currently owned by company insiders.

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.