Gabelli Funds LLC raised its stake in Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 72.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 38,000 shares of the company’s stock after purchasing an additional 16,000 shares during the quarter. Gabelli Funds LLC’s holdings in Sprouts Farmers Market were worth $713,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently modified their holdings of the company. State of Tennessee Treasury Department raised its stake in shares of Sprouts Farmers Market by 21.5% in the third quarter. State of Tennessee Treasury Department now owns 282,029 shares of the company’s stock worth $5,294,000 after purchasing an additional 50,000 shares during the last quarter. Chicago Equity Partners LLC increased its position in shares of Sprouts Farmers Market by 12.5% during the third quarter. Chicago Equity Partners LLC now owns 66,375 shares of the company’s stock valued at $1,246,000 after acquiring an additional 7,370 shares during the last quarter. Old Mutual Global Investors UK Ltd. purchased a new stake in shares of Sprouts Farmers Market during the third quarter valued at approximately $40,505,000. New York State Teachers Retirement System increased its position in shares of Sprouts Farmers Market by 36.2% during the third quarter. New York State Teachers Retirement System now owns 78,700 shares of the company’s stock valued at $1,477,000 after acquiring an additional 20,900 shares during the last quarter. Finally, Crossmark Global Holdings Inc. purchased a new stake in shares of Sprouts Farmers Market during the third quarter valued at approximately $265,000. 88.87% of the stock is owned by hedge funds and other institutional investors.

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A number of analysts recently commented on the company. raised Sprouts Farmers Market from a “sell” rating to a “hold” rating in a research report on Wednesday. Goldman Sachs Group, Inc. (The) assumed coverage on Sprouts Farmers Market in a research report on Tuesday. They set a “sell” rating and a $18.00 price target for the company. raised Sprouts Farmers Market to an “outperform” rating in a research report on Thursday, November 9th. raised Sprouts Farmers Market from a “hold” rating to a “buy” rating and set a $23.00 price target for the company in a research report on Saturday, November 4th. Finally, increased their price target on Sprouts Farmers Market from $20.00 to $22.00 and gave the company a “market perform” rating in a research report on Friday, November 3rd. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and twelve have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $24.28.

Sprouts Farmers Market, Inc. (NASDAQ SFM) opened at $20.59 on Wednesday. Sprouts Farmers Market, Inc. has a twelve month low of $17.38 and a twelve month high of $25.98. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.00 and a quick ratio of 0.23. The company has a market capitalization of $2,774.52, a price-to-earnings ratio of 21.50, a PEG ratio of 1.85 and a beta of 0.54.

Sprouts Farmers Market (NASDAQ:SFM) last posted its quarterly earnings results on Thursday, November 2nd. The company reported $0.23 EPS for the quarter, topping the Zacks’ consensus estimate of $0.18 by $0.05. Sprouts Farmers Market had a return on equity of 21.00% and a net margin of 3.01%. The firm had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.18 billion. During the same period last year, the company earned $0.16 earnings per share. The business’s revenue for the quarter was up 16.4% on a year-over-year basis. research analysts anticipate that Sprouts Farmers Market, Inc. will post 0.99 EPS for the current fiscal year.

In other Sprouts Farmers Market news, CFO Bradley Lukow acquired 7,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 29th. The stock was bought at an average price of $19.80 per share, with a total value of $138,600.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Daniel Bruni acquired 15,000 shares of the company’s stock in a transaction that occurred on Friday, September 15th. The shares were acquired at an average cost of $19.00 per share, with a total value of $285,000.00. The disclosure for this purchase can be found here. 2.60% of the stock is owned by company insiders.

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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