Sprouts Farmers Market, Inc. (SFM) Shares Bought by Davidson Investment Advisors
Davidson Investment Advisors lifted its holdings in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 29.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 901,043 shares of the company’s stock after purchasing an additional 207,353 shares during the quarter. Sprouts Farmers Market accounts for about 1.8% of Davidson Investment Advisors’ portfolio, making the stock its 13th biggest position. Davidson Investment Advisors owned about 0.68% of Sprouts Farmers Market worth $16,912,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Farr Miller & Washington LLC DC raised its position in shares of Sprouts Farmers Market by 0.9% during the second quarter. Farr Miller & Washington LLC DC now owns 1,283,474 shares of the company’s stock worth $29,096,000 after purchasing an additional 11,722 shares during the period. Northern Trust Corp grew its holdings in shares of Sprouts Farmers Market by 1.2% during the second quarter. Northern Trust Corp now owns 1,127,869 shares of the company’s stock worth $25,568,000 after buying an additional 13,641 shares in the last quarter. AGF Investments America Inc. grew its holdings in shares of Sprouts Farmers Market by 23.2% during the second quarter. AGF Investments America Inc. now owns 182,658 shares of the company’s stock worth $4,141,000 after buying an additional 34,437 shares in the last quarter. Royal Bank of Canada grew its holdings in shares of Sprouts Farmers Market by 67.3% during the second quarter. Royal Bank of Canada now owns 136,168 shares of the company’s stock worth $3,086,000 after buying an additional 54,787 shares in the last quarter. Finally, Blair William & Co. IL grew its holdings in shares of Sprouts Farmers Market by 23.1% during the second quarter. Blair William & Co. IL now owns 165,984 shares of the company’s stock worth $3,763,000 after buying an additional 31,103 shares in the last quarter. 88.43% of the stock is currently owned by institutional investors.
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Shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) traded up $0.38 during midday trading on Thursday, hitting $22.05. The stock had a trading volume of 3,257,800 shares, compared to its average volume of 2,939,303. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.00 and a quick ratio of 0.23. Sprouts Farmers Market, Inc. has a one year low of $17.38 and a one year high of $25.98. The company has a market cap of $2,883.64, a P/E ratio of 22.34, a P/E/G ratio of 1.93 and a beta of 0.54.
Sprouts Farmers Market (NASDAQ:SFM) last issued its earnings results on Thursday, November 2nd. The company reported $0.23 EPS for the quarter, topping the Thomson Reuters’ 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 company had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.18 billion. During the same period in the previous year, the company posted $0.16 EPS. The firm’s revenue for the quarter was up 16.4% compared to the same quarter last year. equities analysts predict that Sprouts Farmers Market, Inc. will post 0.99 EPS for the current fiscal year.
In other Sprouts Farmers Market news, insider Daniel Bruni bought 15,000 shares of Sprouts Farmers Market stock in a transaction dated Friday, September 15th. The stock was bought at an average cost of $19.00 per share, for a total transaction of $285,000.00. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Bradley Lukow bought 7,000 shares of Sprouts Farmers Market stock in a transaction dated Tuesday, August 29th. The shares were acquired at an average price of $19.80 per share, with a total value of $138,600.00. The disclosure for this purchase can be found here. Insiders own 2.60% of the company’s stock.
SFM has been the subject of a number of research reports. Jefferies Group LLC downgraded Sprouts Farmers Market from a “buy” rating to a “hold” rating and set a $26.00 price objective for the company. in a report on Thursday, July 27th. Royal Bank Of Canada set a $28.00 price objective on Sprouts Farmers Market and gave the stock a “buy” rating in a report on Monday, July 31st. Wells Fargo & Company reiterated a “buy” rating on shares of Sprouts Farmers Market in a report on Thursday, August 3rd. J P Morgan Chase & Co upgraded Sprouts Farmers Market from a “neutral” rating to an “overweight” rating and increased their price objective for the stock from $24.00 to $27.00 in a report on Friday, August 4th. Finally, Zacks Investment Research upgraded Sprouts Farmers Market from a “sell” rating to a “hold” rating in a report on Saturday, August 5th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and thirteen have given a buy rating to the stock. Sprouts Farmers Market has a consensus rating of “Hold” and a consensus price target of $24.28.
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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