Eagle Asset Management Inc. boosted its position in shares of Sprouts Farmers Market Inc. (NASDAQ:SFM) by 172.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 989,891 shares of the company’s stock after buying an additional 627,183 shares during the period. Eagle Asset Management Inc. owned approximately 0.67% of Sprouts Farmers Market worth $20,441,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in SFM. Rail Splitter Capital Management LLC increased its stake in shares of Sprouts Farmers Market by 14.4% in the second quarter. Rail Splitter Capital Management LLC now owns 598,035 shares of the company’s stock worth $13,695,000 after buying an additional 75,300 shares during the last quarter. Emerald Acquisition Ltd. bought a new stake in shares of Sprouts Farmers Market during the second quarter worth approximately $1,158,000. Principal Financial Group Inc. increased its stake in shares of Sprouts Farmers Market by 13.7% in the second quarter. Principal Financial Group Inc. now owns 541,071 shares of the company’s stock worth $12,391,000 after buying an additional 65,359 shares during the last quarter. Metropolitan Life Insurance Co. NY increased its stake in shares of Sprouts Farmers Market by 1,078.8% in the first quarter. Metropolitan Life Insurance Co. NY now owns 135,467 shares of the company’s stock worth $3,934,000 after buying an additional 123,975 shares during the last quarter. Finally, BNP Paribas Arbitrage SA increased its stake in shares of Sprouts Farmers Market by 4,937.4% in the second quarter. BNP Paribas Arbitrage SA now owns 78,433 shares of the company’s stock worth $1,796,000 after buying an additional 76,876 shares during the last quarter. 92.59% of the stock is currently owned by institutional investors and hedge funds.

Institutional Ownership by Quarter for Sprouts Farmers Market (NASDAQ:SFM)

Sprouts Farmers Market Inc. (NASDAQ:SFM) traded down 2.60% on Tuesday, hitting $20.60. The stock had a trading volume of 891,333 shares. The firm has a market cap of $2.93 billion, a price-to-earnings ratio of 23.17 and a beta of 0.67. The company’s 50-day moving average price is $21.53 and its 200 day moving average price is $22.33. Sprouts Farmers Market Inc. has a one year low of $18.70 and a one year high of $30.00.

Sprouts Farmers Market (NASDAQ:SFM) last posted its earnings results on Thursday, November 3rd. The company reported $0.16 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.17 by $0.01. The firm earned $1.04 billion during the quarter, compared to analyst estimates of $1.01 billion. Sprouts Farmers Market had a return on equity of 17.00% and a net margin of 3.40%. The company’s revenue for the quarter was up 14.7% on a year-over-year basis. During the same quarter last year, the business posted $0.21 earnings per share. Analysts expect that Sprouts Farmers Market Inc. will post $0.84 earnings per share for the current year.

ILLEGAL ACTIVITY NOTICE: This report was posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this report on another site, it was illegally copied and reposted in violation of U.S. & international copyright & trademark legislation. The legal version of this report can be read at https://www.thecerbatgem.com/2016/11/29/eagle-asset-management-inc-raises-position-in-sprouts-farmers-market-inc-sfm.html.

SFM has been the topic of a number of recent research reports. Vetr upgraded Sprouts Farmers Market from a “buy” rating to a “strong-buy” rating and set a $26.50 target price on the stock in a research note on Monday, August 1st. Royal Bank Of Canada reiterated an “outperform” rating and set a $33.00 price target on shares of Sprouts Farmers Market in a research report on Tuesday, August 2nd. RBC Capital Markets reiterated an “outperform” rating and set a $33.00 price target on shares of Sprouts Farmers Market in a research report on Tuesday, August 2nd. Wells Fargo & Co. reiterated an “outperform” rating on shares of Sprouts Farmers Market in a research report on Thursday, August 4th. Finally, Wedbush reiterated a “neutral” rating and set a $26.00 price target (up previously from $24.00) on shares of Sprouts Farmers Market in a research report on Thursday, August 4th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and seventeen have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $26.50.

In other news, insider Brandon F. Lombardi sold 22,959 shares of the stock in a transaction on Friday, November 11th. The shares were sold at an average price of $21.03, for a total transaction of $482,827.77. Following the completion of the sale, the insider now owns 30,118 shares of the company’s stock, valued at $633,381.54. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Bradley Lukow acquired 2,000 shares of the stock in a transaction dated Friday, September 16th. The shares were bought at an average cost of $20.05 per share, with a total value of $40,100.00. The disclosure for this purchase can be found here. 2.60% of the stock is currently owned by company insiders.

About Sprouts Farmers Market

Sprouts Farmers Market, Inc is a food retailer that offers natural and organic food, including produce, bulk foods, meat and seafood, bakery, dairy, frozen foods, body care and natural household items. The Company categorizes its products as perishable and non-perishable. Its perishable product category includes produce, meat, seafood, deli and bakery.

5 Day Chart for NASDAQ:SFM

Receive News & Stock Ratings for Sprouts Farmers Market Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sprouts Farmers Market Inc. and related stocks with our FREE daily email newsletter.