Point72 Asia Singapore Pte. Ltd. Invests $828,000 in Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) during the 2nd quarter, Holdings Channel.com reports. The institutional investor purchased 9,892 shares of the company’s stock, valued at approximately $828,000.

Other institutional investors have also modified their holdings of the company. Point72 Asset Management L.P. raised its position in shares of Sprouts Farmers Market by 411.4% during the 4th quarter. Point72 Asset Management L.P. now owns 1,538,410 shares of the company’s stock worth $74,013,000 after purchasing an additional 1,237,610 shares during the last quarter. Marshall Wace LLP raised its position in shares of Sprouts Farmers Market by 167.4% during the 2nd quarter. Marshall Wace LLP now owns 1,555,192 shares of the company’s stock worth $130,107,000 after purchasing an additional 973,666 shares during the last quarter. Renaissance Technologies LLC raised its position in shares of Sprouts Farmers Market by 15.4% during the 2nd quarter. Renaissance Technologies LLC now owns 4,438,144 shares of the company’s stock worth $371,295,000 after purchasing an additional 593,600 shares during the last quarter. Hennessy Advisors Inc. acquired a new position in shares of Sprouts Farmers Market during the 4th quarter worth approximately $23,992,000. Finally, Goldman Sachs Group Inc. raised its position in shares of Sprouts Farmers Market by 36.9% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,478,588 shares of the company’s stock worth $71,135,000 after purchasing an additional 398,901 shares during the last quarter.

Analyst Upgrades and Downgrades

SFM has been the subject of several research reports. Deutsche Bank Aktiengesellschaft lifted their price objective on Sprouts Farmers Market from $63.00 to $76.00 and gave the stock a “hold” rating in a research report on Monday, July 29th. UBS Group lifted their price objective on Sprouts Farmers Market from $68.00 to $94.00 and gave the stock a “neutral” rating in a research report on Friday, June 28th. Roth Mkm lifted their price objective on Sprouts Farmers Market from $58.00 to $78.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 30th. BMO Capital Markets upgraded Sprouts Farmers Market from an “underperform” rating to a “market perform” rating and boosted their price target for the company from $40.00 to $102.00 in a report on Tuesday, July 30th. Finally, Melius Research assumed coverage on Sprouts Farmers Market in a report on Monday. They issued a “hold” rating and a $105.00 price target for the company. Nine analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $99.80.

Sprouts Farmers Market Stock Up 1.3 %

Shares of Sprouts Farmers Market stock opened at $110.14 on Thursday. The company has a fifty day moving average price of $97.78 and a 200 day moving average price of $81.57. 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 twelve month low of $39.76 and a twelve month high of $110.17. The stock has a market cap of $11.03 billion, a price-to-earnings ratio of 37.98, a price-to-earnings-growth ratio of 3.10 and a beta of 0.56.

Sprouts Farmers Market (NASDAQ:SFM) last announced its quarterly earnings results on Monday, July 29th. The company reported $0.94 earnings per share for the quarter, topping analysts’ consensus estimates of $0.78 by $0.16. Sprouts Farmers Market had a net margin of 4.52% and a return on equity of 27.53%. The firm had revenue of $1.90 billion during the quarter, compared to analysts’ expectations of $1.84 billion. During the same period in the prior year, the company earned $0.71 EPS. The firm’s revenue was up 12.3% on a year-over-year basis. Equities research analysts forecast that Sprouts Farmers Market, Inc. will post 3.37 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Dustin Hamilton sold 500 shares of the company’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $97.52, for a total transaction of $48,760.00. Following the completion of the sale, the insider now directly owns 27,188 shares of the company’s stock, valued at approximately $2,651,373.76. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Sprouts Farmers Market news, insider Dustin Hamilton sold 500 shares of the company’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $97.52, for a total value of $48,760.00. Following the completion of the transaction, the insider now directly owns 27,188 shares of the company’s stock, valued at approximately $2,651,373.76. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Stacy W. Hilgendorf sold 1,904 shares of the company’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $101.12, for a total transaction of $192,532.48. Following the completion of the transaction, the vice president now directly owns 10,237 shares of the company’s stock, valued at $1,035,165.44. The disclosure for this sale can be found here. In the last three months, insiders sold 123,221 shares of company stock valued at $12,130,609. Company insiders own 1.10% of the company’s stock.

Sprouts Farmers Market Company Profile

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.