State of Wisconsin Investment Board boosted its position in Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 2.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 26,784 shares of the company’s stock after buying an additional 620 shares during the quarter. State of Wisconsin Investment Board’s holdings in Sprouts Farmers Market were worth $607,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the stock. Wrapmanager Inc. grew its stake in Sprouts Farmers Market by 3.5% in the 2nd quarter. Wrapmanager Inc. now owns 20,375 shares of the company’s stock valued at $462,000 after buying an additional 682 shares during the last quarter. Rice Hall James & Associates LLC grew its stake in Sprouts Farmers Market by 0.4% in the 2nd quarter. Rice Hall James & Associates LLC now owns 964,126 shares of the company’s stock valued at $21,857,000 after buying an additional 3,473 shares during the last quarter. First Trust Advisors LP grew its stake in Sprouts Farmers Market by 150.2% in the 2nd quarter. First Trust Advisors LP now owns 843,439 shares of the company’s stock valued at $19,121,000 after buying an additional 506,321 shares during the last quarter. Arizona State Retirement System grew its stake in Sprouts Farmers Market by 2.1% in the 2nd quarter. Arizona State Retirement System now owns 54,500 shares of the company’s stock valued at $1,236,000 after buying an additional 1,100 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. grew its stake in Sprouts Farmers Market by 20.1% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 676,497 shares of the company’s stock valued at $15,337,000 after buying an additional 113,029 shares during the last quarter. Institutional investors and hedge funds own 88.09% of the company’s stock.

SFM has been the topic of a number of research analyst reports. Bank of America Corporation reiterated a “buy” rating and issued a $27.00 target price (up from $26.00) on shares of Sprouts Farmers Market in a research note on Monday, May 15th. Loop Capital initiated coverage on shares of Sprouts Farmers Market in a research note on Monday, May 15th. They issued a “hold” rating and a $25.00 target price on the stock. Royal Bank Of Canada set a $28.00 target price on shares of Sprouts Farmers Market and gave the company a “buy” rating in a research note on Friday, May 19th. BMO Capital Markets set a $24.00 target price on shares of Sprouts Farmers Market and gave the company a “hold” rating in a research note on Saturday, June 10th. Finally, Morgan Stanley lowered shares of Sprouts Farmers Market from an “overweight” rating to an “equal” rating and raised their target price for the company from $21.00 to $23.00 in a research note on Thursday, June 15th. One analyst has rated the stock with a sell rating, twelve have given a hold rating and ten have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $25.00.

Sprouts Farmers Market, Inc. (NASDAQ SFM) opened at 19.42 on Tuesday. The stock’s 50 day moving average is $22.92 and its 200-day moving average is $22.59. The company has a market capitalization of $2.63 billion, a P/E ratio of 21.89 and a beta of 0.56. Sprouts Farmers Market, Inc. has a 12-month low of $17.38 and a 12-month high of $25.98.

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

In related news, Director Steven H. Townsend sold 15,000 shares of the company’s stock in a transaction dated 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 is available at this link. Also, CEO Amin N. Maredia sold 13,448 shares of the company’s stock in a transaction dated Monday, July 3rd. The stock was sold at an average price of $22.71, for a total transaction of $305,404.08. The disclosure for this sale can be found here. In the last three months, insiders sold 48,448 shares of company stock valued at $1,158,504. 2.60% of the stock is currently owned by company insiders.

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Sprouts Farmers Market Company Profile

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

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