First Trust Advisors LP raised its stake in Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 150.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 843,439 shares of the company’s stock after buying an additional 506,321 shares during the period. First Trust Advisors LP owned approximately 0.61% of Sprouts Farmers Market worth $19,121,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Stephens Inc. AR acquired a new position in Sprouts Farmers Market during the first quarter valued at about $446,000. Vident Investment Advisory LLC acquired a new position in Sprouts Farmers Market during the first quarter valued at about $315,000. HighTower Advisors LLC boosted its position in Sprouts Farmers Market by 11.4% in the first quarter. HighTower Advisors LLC now owns 95,220 shares of the company’s stock valued at $2,189,000 after buying an additional 9,735 shares during the last quarter. Oregon Public Employees Retirement Fund boosted its position in Sprouts Farmers Market by 1.2% in the first quarter. Oregon Public Employees Retirement Fund now owns 48,887 shares of the company’s stock valued at $1,130,000 after buying an additional 600 shares during the last quarter. Finally, Parametric Portfolio Associates LLC boosted its position in Sprouts Farmers Market by 75.5% in the first quarter. Parametric Portfolio Associates LLC now owns 138,115 shares of the company’s stock valued at $3,193,000 after buying an additional 59,418 shares during the last quarter. Hedge funds and other institutional investors own 87.90% of the company’s stock.

Shares of Sprouts Farmers Market, Inc. (SFM) opened at 24.44 on Monday. Sprouts Farmers Market, Inc. has a 1-year low of $17.38 and a 1-year high of $25.98. The company’s 50 day moving average price is $23.87 and its 200-day moving average price is $22.27. The firm has a market cap of $3.31 billion, a price-to-earnings ratio of 27.55 and a beta of 0.52.

Sprouts Farmers Market (NASDAQ:SFM) last posted its quarterly earnings data on Thursday, August 3rd. The company reported $0.29 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.04. Sprouts Farmers Market had a return on equity of 18.79% and a net margin of 2.96%. The business had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $1.17 billion. During the same quarter in the previous year, the firm earned $0.25 EPS. The firm’s revenue was up 14.8% compared to the same quarter last year. Equities analysts expect that Sprouts Farmers Market, Inc. will post $0.93 EPS for the current fiscal year.

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SFM has been the subject of several research analyst reports. OTR Global cut Sprouts Farmers Market to a “neutral” rating in a research report on Wednesday, April 26th. Jefferies Group LLC reiterated a “buy” rating and issued a $25.00 price objective (down previously from $26.00) on shares of Sprouts Farmers Market in a research report on Friday, June 23rd. Wells Fargo & Company reiterated a “buy” rating on shares of Sprouts Farmers Market in a research report on Thursday, May 4th. Royal Bank Of Canada reiterated a “buy” rating and issued a $28.00 price objective on shares of Sprouts Farmers Market in a research report on Friday, June 30th. Finally, Stephens started coverage on Sprouts Farmers Market in a research report on Friday, August 11th. They issued an “equal weight” rating and a $25.00 price objective for the company. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and fourteen have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $25.42.

In other Sprouts Farmers Market news, Director Steven H. Townsend sold 15,000 shares of the company’s stock in a transaction that occurred on Thursday, August 17th. The stock was sold at an average price of $24.42, for a total value of $366,300.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Amin N. Maredia sold 13,448 shares of the company’s stock in a transaction that occurred on Monday, July 3rd. The shares were sold at an average price of $22.71, for a total value of $305,404.08. The disclosure for this sale can be found here. In the last ninety days, insiders sold 125,746 shares of company stock valued at $3,004,327. Insiders own 2.60% of the company’s stock.

About Sprouts Farmers Market

Sprouts Farmers Market, Inc is a food retailer. The Company operates as a grocery store that offers fresh, natural and organic food that includes fresh produce, bulk foods, vitamins and supplements, packaged groceries, meat and seafood, deli, baked goods, dairy products, frozen foods, body care and natural household items catering to consumers’ interest in health and wellness.

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

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