Promethos Capital LLC Has $5.32 Million Position in Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Promethos Capital LLC increased its position in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 55.9% in the second quarter, Holdings Channel reports. The institutional investor owned 63,546 shares of the company’s stock after buying an additional 22,790 shares during the period. Sprouts Farmers Market comprises 2.0% of Promethos Capital LLC’s portfolio, making the stock its 18th biggest holding. Promethos Capital LLC’s holdings in Sprouts Farmers Market were worth $5,316,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Mercer Global Advisors Inc. ADV boosted its stake in shares of Sprouts Farmers Market by 0.8% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 18,717 shares of the company’s stock worth $1,566,000 after buying an additional 148 shares during the last quarter. Ironwood Investment Counsel LLC boosted its position in Sprouts Farmers Market by 3.8% during the first quarter. Ironwood Investment Counsel LLC now owns 5,277 shares of the company’s stock valued at $340,000 after purchasing an additional 195 shares during the last quarter. Parallel Advisors LLC grew its stake in Sprouts Farmers Market by 11.7% in the fourth quarter. Parallel Advisors LLC now owns 1,987 shares of the company’s stock valued at $96,000 after purchasing an additional 208 shares in the last quarter. Nations Financial Group Inc. IA ADV increased its position in shares of Sprouts Farmers Market by 3.1% during the 4th quarter. Nations Financial Group Inc. IA ADV now owns 7,149 shares of the company’s stock worth $344,000 after purchasing an additional 216 shares during the last quarter. Finally, Crewe Advisors LLC raised its stake in shares of Sprouts Farmers Market by 223.5% during the 2nd quarter. Crewe Advisors LLC now owns 317 shares of the company’s stock worth $27,000 after purchasing an additional 219 shares in the last quarter.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft raised their target price on shares of Sprouts Farmers Market from $63.00 to $76.00 and gave the company a “hold” rating in a research note on Monday, July 29th. Wells Fargo & Company upgraded shares of Sprouts Farmers Market from an “underweight” rating to an “equal weight” rating and boosted their price objective for the stock from $62.00 to $90.00 in a research note on Tuesday, July 30th. Roth Mkm raised their target price on shares of Sprouts Farmers Market from $58.00 to $78.00 and gave the company a “neutral” rating in a research note on Tuesday, July 30th. The Goldman Sachs Group lifted their price target on Sprouts Farmers Market from $89.00 to $111.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. Finally, UBS Group upped their price objective on Sprouts Farmers Market from $68.00 to $94.00 and gave the company a “neutral” rating in a research note on Friday, June 28th. Eight analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $99.22.

Sprouts Farmers Market Price Performance

Shares of NASDAQ SFM opened at $105.44 on Friday. The firm has a market cap of $10.56 billion, a P/E ratio of 36.36, a price-to-earnings-growth ratio of 3.03 and a beta of 0.56. The business’s 50 day moving average is $95.80 and its 200-day moving average is $80.19. 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 1-year low of $39.50 and a 1-year high of $107.90.

Sprouts Farmers Market (NASDAQ:SFM) last posted its quarterly earnings data on Monday, July 29th. The company reported $0.94 earnings per share 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 firm had revenue of $1.90 billion for the quarter, compared to analysts’ expectations of $1.84 billion. During the same quarter last year, the business earned $0.71 EPS. The company’s quarterly revenue was up 12.3% compared to the same quarter last year. Equities research analysts predict that Sprouts Farmers Market, Inc. will post 3.37 earnings per share for the current year.

Insider Buying and Selling

In other news, insider Dustin Hamilton sold 1,997 shares of Sprouts Farmers Market stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $99.20, for a total value of $198,102.40. Following the completion of the sale, the insider now directly owns 26,172 shares in the company, valued at $2,596,262.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, insider Dustin Hamilton sold 1,997 shares of the firm’s stock in a transaction on Monday, September 9th. The stock was sold at an average price of $99.20, for a total value of $198,102.40. Following the transaction, the insider now owns 26,172 shares in the company, valued at $2,596,262.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider John Scott Neal sold 6,535 shares of the company’s stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $102.29, for a total transaction of $668,465.15. Following the sale, the insider now directly owns 14,293 shares of the company’s stock, valued at approximately $1,462,030.97. The disclosure for this sale can be found here. Over the last three months, insiders have sold 123,221 shares of company stock valued at $12,130,609. 1.10% of the stock is owned by company insiders.

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.