3,146 Shares in Sprouts Farmers Market, Inc. (NASDAQ:SFM) Purchased by Bleakley Financial Group LLC

Bleakley Financial Group LLC bought a new position in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 3,146 shares of the company’s stock, valued at approximately $347,000.

Several other hedge funds and other institutional investors have also modified their holdings of SFM. Crewe Advisors LLC boosted its holdings in Sprouts Farmers Market by 223.5% in the 2nd quarter. Crewe Advisors LLC now owns 317 shares of the company’s stock valued at $27,000 after purchasing an additional 219 shares during the period. Whittier Trust Co. of Nevada Inc. bought a new stake in Sprouts Farmers Market in the 2nd quarter valued at about $29,000. Quarry LP boosted its holdings in Sprouts Farmers Market by 1,425.8% in the 2nd quarter. Quarry LP now owns 473 shares of the company’s stock valued at $40,000 after purchasing an additional 442 shares during the period. Hanseatic Management Services Inc. bought a new stake in Sprouts Farmers Market in the 2nd quarter valued at about $63,000. Finally, UMB Bank n.a. boosted its holdings in Sprouts Farmers Market by 26.3% in the 3rd quarter. UMB Bank n.a. now owns 605 shares of the company’s stock valued at $67,000 after purchasing an additional 126 shares during the period.

Sprouts Farmers Market Trading Up 0.7 %

Shares of NASDAQ SFM opened at $118.27 on Wednesday. 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 $118.59. The firm has a 50 day moving average price of $106.35 and a two-hundred day moving average price of $88.44. The stock has a market cap of $11.84 billion, a P/E ratio of 37.08, a price-to-earnings-growth ratio of 3.29 and a beta of 0.56.

Sprouts Farmers Market (NASDAQ:SFM) last announced its quarterly earnings results on Monday, July 29th. The company reported $0.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.78 by $0.16. Sprouts Farmers Market had a net margin of 4.52% and a return on equity of 27.53%. The firm had revenue of $1.90 billion during the quarter, compared to analysts’ expectations of $1.84 billion. During the same period in the prior year, the company posted $0.71 EPS. The company’s 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.

Insider Buying and Selling at Sprouts Farmers Market

In other Sprouts Farmers Market news, insider Timmi Zalatoris sold 56,800 shares of the company’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $100.00, for a total value of $5,680,000.00. Following the completion of the transaction, the insider now directly owns 10,895 shares in the company, valued at approximately $1,089,500. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, VP Stacy W. Hilgendorf sold 1,904 shares of the company’s 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 sale, the vice president now directly owns 10,237 shares of the company’s stock, valued at approximately $1,035,165.44. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Timmi Zalatoris sold 56,800 shares of the company’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $100.00, for a total transaction of $5,680,000.00. Following the completion of the sale, the insider now directly owns 10,895 shares in the company, valued at approximately $1,089,500. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 124,142 shares of company stock worth $12,401,112. 1.10% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research firms have issued reports on SFM. BMO Capital Markets raised shares of Sprouts Farmers Market from an “underperform” rating to a “market perform” rating and boosted their price objective for the company from $40.00 to $102.00 in a report on Tuesday, July 30th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Sprouts Farmers Market from $63.00 to $76.00 and gave the stock a “hold” rating in a report on Monday, July 29th. Bank of America upped their price target on shares of Sprouts Farmers Market from $100.00 to $115.00 and gave the stock a “buy” rating in a report on Thursday, September 5th. Royal Bank of Canada assumed coverage on shares of Sprouts Farmers Market in a report on Thursday, September 12th. They set a “sector perform” rating and a $107.00 price target for the company. Finally, Evercore ISI upped their price target on shares of Sprouts Farmers Market from $125.00 to $130.00 and gave the stock an “outperform” rating in a report on Tuesday. Nine research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, Sprouts Farmers Market presently has an average rating of “Hold” and a consensus price target of $102.40.

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.