Sprouts Farmers Market, Inc. (NASDAQ:SFM) Position Raised by Cwm LLC

Cwm LLC lifted its position in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 17.0% in the 3rd quarter, Holdings Channel reports. The fund owned 2,493 shares of the company’s stock after buying an additional 362 shares during the period. Cwm LLC’s holdings in Sprouts Farmers Market were worth $275,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of SFM. Vanguard Group Inc. boosted its position in shares of Sprouts Farmers Market by 0.3% during the first quarter. Vanguard Group Inc. now owns 10,715,970 shares of the company’s stock worth $690,966,000 after buying an additional 29,362 shares during the period. Renaissance Technologies LLC raised its stake in Sprouts Farmers Market by 15.4% during the 2nd quarter. Renaissance Technologies LLC now owns 4,438,144 shares of the company’s stock valued at $371,295,000 after acquiring an additional 593,600 shares in the last quarter. Nordea Investment Management AB boosted its position in Sprouts Farmers Market by 9.8% during the 1st quarter. Nordea Investment Management AB now owns 3,336,707 shares of the company’s stock worth $216,419,000 after acquiring an additional 297,067 shares during the period. Marshall Wace LLP grew its stake in shares of Sprouts Farmers Market by 167.4% in the second 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 in the last quarter. Finally, Bank of New York Mellon Corp grew its stake in shares of Sprouts Farmers Market by 0.5% in the second quarter. Bank of New York Mellon Corp now owns 1,148,457 shares of the company’s stock worth $96,080,000 after purchasing an additional 6,085 shares in the last quarter.

Sprouts Farmers Market Stock Up 1.4 %

SFM stock opened at $117.42 on Tuesday. The company has a 50 day moving average of $105.90 and a two-hundred day moving average of $88.06. The company has a market cap of $11.76 billion, a price-to-earnings ratio of 36.81, a PEG ratio of 3.29 and a beta of 0.56. Sprouts Farmers Market, Inc. has a 12-month low of $39.76 and a 12-month high of $117.98. The company has a quick ratio of 0.44, a current ratio of 1.03 and a debt-to-equity ratio of 0.01.

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

Insider Buying and Selling at Sprouts Farmers Market

In related 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 transaction, the insider now directly owns 10,895 shares in the company, valued at approximately $1,089,500. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. In other news, CEO Jack Sinclair sold 5,714 shares of the business’s stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $95.52, for a total transaction of $545,801.28. Following the transaction, the chief executive officer now owns 233,860 shares in the company, valued at approximately $22,338,307.20. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Timmi Zalatoris sold 56,800 shares of the firm’s stock in a transaction 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 transaction, the insider now directly owns 10,895 shares of the company’s stock, valued at approximately $1,089,500. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 124,142 shares of company stock worth $12,401,112 over the last 90 days. Insiders own 1.10% of the company’s stock.

Wall Street Analysts Forecast Growth

SFM has been the topic of a number of recent analyst reports. Melius Research started coverage on shares of Sprouts Farmers Market in a report on Monday, September 23rd. They issued a “hold” rating and a $105.00 price objective for the company. 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 report on Wednesday, July 31st. Wells Fargo & Company upgraded shares of Sprouts Farmers Market from an “underweight” rating to an “equal weight” rating and increased their price objective for the company from $62.00 to $90.00 in a report on Tuesday, July 30th. Bank of America boosted their target price on Sprouts Farmers Market from $100.00 to $115.00 and gave the stock a “buy” rating in a report on Thursday, September 5th. Finally, Roth Mkm increased their price target on Sprouts Farmers Market from $58.00 to $78.00 and gave the company a “neutral” rating in a research note on Tuesday, July 30th. Nine equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, Sprouts Farmers Market has a consensus rating of “Hold” and a consensus target price of $99.80.

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.