Oppenheimer Asset Management Inc. Buys Shares of 3,327 Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Oppenheimer Asset Management Inc. purchased a new position in Sprouts Farmers Market, Inc. (NASDAQ:SFM) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,327 shares of the company’s stock, valued at approximately $278,000.

Other large investors also recently modified their holdings of the company. Vanguard Group Inc. lifted its stake in Sprouts Farmers Market by 0.3% in the 1st quarter. Vanguard Group Inc. now owns 10,715,970 shares of the company’s stock worth $690,966,000 after purchasing an additional 29,362 shares in the last quarter. Nordea Investment Management AB raised its position in shares of Sprouts Farmers Market by 9.8% in the first quarter. Nordea Investment Management AB now owns 3,336,707 shares of the company’s stock worth $216,419,000 after buying an additional 297,067 shares in the last quarter. Point72 Asset Management L.P. boosted its stake in Sprouts Farmers Market by 411.4% during the fourth quarter. Point72 Asset Management L.P. now owns 1,538,410 shares of the company’s stock valued at $74,013,000 after buying an additional 1,237,610 shares during the period. Goldman Sachs Group Inc. grew its position in Sprouts Farmers Market by 36.9% during the fourth quarter. Goldman Sachs Group Inc. now owns 1,478,588 shares of the company’s stock worth $71,135,000 after buying an additional 398,901 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its stake in Sprouts Farmers Market by 0.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,148,457 shares of the company’s stock worth $96,080,000 after acquiring an additional 6,085 shares during the last quarter.

Insider Activity at Sprouts Farmers Market

In other Sprouts Farmers Market news, insider Timmi Zalatoris sold 56,800 shares of the firm’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $100.00, for a total value of $5,680,000.00. Following the sale, the insider now owns 10,895 shares of the company’s stock, valued at approximately $1,089,500. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Sprouts Farmers Market news, insider Timmi Zalatoris sold 56,800 shares of the stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $100.00, for a total value of $5,680,000.00. Following the completion of the sale, the insider now owns 10,895 shares in the company, valued at approximately $1,089,500. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider John Scott Neal sold 6,535 shares of the business’s stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $102.29, for a total value of $668,465.15. Following the transaction, the insider now directly owns 14,293 shares in the company, valued at $1,462,030.97. The disclosure for this sale can be found here. Insiders sold 123,221 shares of company stock worth $12,130,609 in the last three months. 1.10% of the stock is owned by insiders.

Sprouts Farmers Market Stock Up 0.2 %

Shares of NASDAQ:SFM opened at $105.70 on Friday. The stock has a market capitalization of $10.62 billion, a P/E ratio of 36.45, a price-to-earnings-growth ratio of 3.03 and a beta of 0.56. The stock’s 50-day moving average price is $96.26 and its 200-day moving average price is $80.60. The company has a current ratio of 1.03, a quick ratio of 0.44 and a debt-to-equity ratio of 0.01. Sprouts Farmers Market, Inc. has a 12-month low of $39.50 and a 12-month high of $107.90.

Sprouts Farmers Market (NASDAQ:SFM) last posted its quarterly earnings results on Monday, July 29th. The company reported $0.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.78 by $0.16. Sprouts Farmers Market had a return on equity of 27.53% and a net margin of 4.52%. The business had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.84 billion. During the same period last year, the company earned $0.71 EPS. Sprouts Farmers Market’s revenue for the quarter was up 12.3% compared to the same quarter last year. On average, equities analysts anticipate that Sprouts Farmers Market, Inc. will post 3.37 earnings per share for the current year.

Analyst Ratings Changes

SFM has been the subject of a number of research analyst reports. UBS Group lifted their price target on Sprouts Farmers Market from $68.00 to $94.00 and gave the company a “neutral” rating in a research report on Friday, June 28th. The Goldman Sachs Group boosted their price target on shares of Sprouts Farmers Market from $89.00 to $111.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Wells Fargo & Company upgraded shares of Sprouts Farmers Market from an “underweight” rating to an “equal weight” rating and raised their price objective for the company from $62.00 to $90.00 in a research report on Tuesday, July 30th. Roth Mkm upped their target price on shares of Sprouts Farmers Market from $58.00 to $78.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 30th. Finally, Royal Bank of Canada started coverage on Sprouts Farmers Market in a research report on Thursday, September 12th. They set a “sector perform” rating and a $107.00 price target on the stock. Eight research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Sprouts Farmers Market has an average rating of “Hold” and an average price target of $99.22.

About Sprouts Farmers Market

Sprouts Farmers Market, Inc, together with its subsidiaries, engages in the retailing of fresh, natural, and organic food products under the Sprouts brand in the United States. It offers perishable product categories, including fresh produce, meat and meat alternatives, seafood, deli, bakery, floral, and dairy and dairy alternatives; and non-perishable product categories, such as grocery, vitamins and supplements, bulk items, frozen foods, beer and wine, and natural health and body care.