2,511 Shares in Sprouts Farmers Market, Inc. (NASDAQ:SFM) Purchased by Delta Investment Management LLC

Delta Investment Management LLC bought a new stake in Sprouts Farmers Market, Inc. (NASDAQ:SFM) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 2,511 shares of the company’s stock, valued at approximately $210,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in SFM. Point72 Asset Management L.P. boosted its holdings in shares of 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 worth $74,013,000 after purchasing an additional 1,237,610 shares during the last quarter. Marshall Wace LLP grew its holdings in Sprouts Farmers Market by 167.4% in the 2nd quarter. Marshall Wace LLP now owns 1,555,192 shares of the company’s stock valued at $130,107,000 after buying an additional 973,666 shares during the period. Renaissance Technologies LLC grew its holdings in Sprouts Farmers Market by 15.4% in the 2nd quarter. Renaissance Technologies LLC now owns 4,438,144 shares of the company’s stock valued at $371,295,000 after buying an additional 593,600 shares during the period. Hennessy Advisors Inc. acquired a new position in shares of Sprouts Farmers Market during the 4th quarter valued at about $23,992,000. Finally, Goldman Sachs Group Inc. lifted its holdings 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 acquiring an additional 398,901 shares during the period.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on SFM. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Sprouts Farmers Market from $63.00 to $76.00 and gave the company a “hold” rating in a report on Monday, July 29th. The Goldman Sachs Group upped their price objective on Sprouts Farmers Market from $89.00 to $111.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. Bank of America lifted their target price on Sprouts Farmers Market from $100.00 to $115.00 and gave the company a “buy” rating in a report on Thursday, September 5th. Wells Fargo & Company upgraded Sprouts Farmers Market from an “underweight” rating to an “equal weight” rating and upped their price target for the stock from $62.00 to $90.00 in a research note on Tuesday, July 30th. Finally, BMO Capital Markets raised Sprouts Farmers Market from an “underperform” rating to a “market perform” rating and lifted their price objective for the company from $40.00 to $102.00 in a research note on Tuesday, July 30th. Nine investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $99.80.

Insider Transactions at Sprouts Farmers Market

In related news, CEO Jack Sinclair sold 5,714 shares of the business’s stock in a transaction dated Tuesday, July 2nd. The stock was sold at an average price of $83.38, for a total value of $476,433.32. Following the transaction, the chief executive officer now owns 245,288 shares in the company, valued at $20,452,113.44. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, CEO Jack Sinclair sold 5,714 shares of the firm’s stock in a transaction that occurred on Tuesday, July 2nd. The shares were sold at an average price of $83.38, for a total transaction of $476,433.32. Following the completion of the sale, the chief executive officer now owns 245,288 shares of the company’s stock, valued at $20,452,113.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Timmi Zalatoris sold 56,800 shares of the company’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $100.00, for a total transaction of $5,680,000.00. Following the completion of the sale, the insider now directly owns 10,895 shares in the company, valued at $1,089,500. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 123,221 shares of company stock valued at $12,130,609. 1.10% of the stock is currently owned by insiders.

Sprouts Farmers Market Stock Performance

Sprouts Farmers Market stock opened at $108.47 on Friday. The firm has a market capitalization of $10.90 billion, a PE ratio of 37.40, a price-to-earnings-growth ratio of 3.10 and a beta of 0.56. Sprouts Farmers Market, Inc. has a one year low of $39.76 and a one year high of $110.98. The stock’s 50 day moving average price is $98.30 and its 200 day moving average price is $81.75. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.44 and a current ratio of 1.03.

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

Sprouts Farmers Market 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.