Vivaldi Asset Management LLC Takes Position in Sprouts Farmers Market, Inc. (SFM)
Vivaldi Asset Management LLC bought a new position in Sprouts Farmers Market, Inc. (NASDAQ:SFM) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 306,500 shares of the company’s stock, valued at approximately $6,948,000. Vivaldi Asset Management LLC owned approximately 0.22% of Sprouts Farmers Market at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Stephens Inc. AR bought a new stake in shares of Sprouts Farmers Market in the 1st quarter worth approximately $446,000. Vident Investment Advisory LLC bought a new stake in shares of Sprouts Farmers Market in the 1st quarter worth approximately $315,000. HighTower Advisors LLC raised its holdings in shares of Sprouts Farmers Market by 11.4% in the 1st quarter. HighTower Advisors LLC now owns 95,220 shares of the company’s stock worth $2,189,000 after purchasing an additional 9,735 shares in the last quarter. Oregon Public Employees Retirement Fund raised its holdings in shares of Sprouts Farmers Market by 1.2% in the 1st quarter. Oregon Public Employees Retirement Fund now owns 48,887 shares of the company’s stock worth $1,130,000 after purchasing an additional 600 shares in the last quarter. Finally, Blair William & Co. IL raised its holdings in shares of Sprouts Farmers Market by 23.1% in the 2nd quarter. Blair William & Co. IL now owns 165,984 shares of the company’s stock worth $3,763,000 after purchasing an additional 31,103 shares in the last quarter. Institutional investors and hedge funds own 88.09% of the company’s stock.
A number of research firms recently commented on SFM. BMO Capital Markets set a $24.00 target price on shares of Sprouts Farmers Market and gave the stock a “hold” rating in a report on Saturday, June 10th. UBS AG upgraded shares of Sprouts Farmers Market from a “market perform” rating to an “outperform” rating in a report on Friday, June 16th. Morgan Stanley restated an “equal weight” rating and set a $22.00 price target (down previously from $23.00) on shares of Sprouts Farmers Market in a report on Monday, June 19th. Jefferies Group LLC set a $26.00 price target on shares of Sprouts Farmers Market and gave the company a “buy” rating in a report on Wednesday, June 14th. Finally, Royal Bank Of Canada set a $28.00 price target on shares of Sprouts Farmers Market and gave the company a “buy” rating in a report on Friday, May 19th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and thirteen have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $25.42.
In other Sprouts Farmers Market news, Director Steven H. Townsend sold 15,000 shares of Sprouts Farmers Market stock in a transaction on Thursday, August 17th. The shares were sold at an average price of $24.42, for a total transaction of $366,300.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Bradley Lukow acquired 7,000 shares of Sprouts Farmers Market stock in a transaction on Tuesday, August 29th. The shares were bought at an average cost of $19.80 per share, with a total value of $138,600.00. The disclosure for this purchase can be found here. Insiders sold 48,448 shares of company stock valued at $1,158,504 over the last three months. 2.60% of the stock is owned by company insiders.
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Shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) traded down 0.25% during mid-day trading on Monday, hitting $19.89. 2,708,233 shares of the stock were exchanged. The firm has a 50-day moving average price of $23.41 and a 200 day moving average price of $22.47. Sprouts Farmers Market, Inc. has a 12-month low of $17.38 and a 12-month high of $25.98. The company has a market capitalization of $2.70 billion, a PE ratio of 22.42 and a beta of 0.56.
Sprouts Farmers Market (NASDAQ:SFM) last released its earnings results on Thursday, August 3rd. The company reported $0.29 earnings per share for the quarter, beating the consensus estimate of $0.25 by $0.04. Sprouts Farmers Market had a net margin of 2.96% and a return on equity of 18.79%. The business had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $1.17 billion. During the same period last year, the business earned $0.25 earnings per share. The firm’s revenue was up 14.8% on a year-over-year basis. On average, equities research analysts expect that Sprouts Farmers Market, Inc. will post $0.93 earnings per share for the current year.
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.
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