Mercer Global Advisors Inc. ADV increased its stake in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM – Free Report) by 0.8% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,717 shares of the company’s stock after purchasing an additional 148 shares during the quarter. Mercer Global Advisors Inc. ADV’s holdings in Sprouts Farmers Market were worth $1,566,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Dorsey Wright & Associates acquired a new position in Sprouts Farmers Market during the 4th quarter worth $1,378,000. Cetera Advisors LLC acquired a new position in Sprouts Farmers Market during the 1st quarter worth $349,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its stake in Sprouts Farmers Market by 8.5% during the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 616,429 shares of the company’s stock worth $39,748,000 after purchasing an additional 48,225 shares in the last quarter. Point72 Asset Management L.P. grew its stake in 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 in the last quarter. Finally, Inspire Investing LLC grew its stake in Sprouts Farmers Market by 78.8% during the 1st quarter. Inspire Investing LLC now owns 26,113 shares of the company’s stock worth $1,684,000 after purchasing an additional 11,508 shares in the last quarter.

Analysts Set New Price Targets

A number of analysts have issued reports on SFM shares. Bank of America lifted their price target on Sprouts Farmers Market from $100.00 to $115.00 and gave the stock a “buy” rating in a report on Thursday, September 5th. Melius Research started coverage on Sprouts Farmers Market in a report on Monday. They set a “hold” rating and a $105.00 price target for the company. BMO Capital Markets raised Sprouts Farmers Market from an “underperform” rating to a “market perform” rating and lifted their price target for the stock from $40.00 to $102.00 in a report on Tuesday, July 30th. UBS Group lifted their price target on Sprouts Farmers Market from $68.00 to $94.00 and gave the stock a “neutral” rating in a report on Friday, June 28th. Finally, Roth Mkm lifted their price target on Sprouts Farmers Market from $58.00 to $78.00 and gave the stock a “neutral” rating in a report on Tuesday, July 30th. Nine equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, Sprouts Farmers Market presently has an average rating of “Hold” and a consensus target price of $99.80.

Check Out Our Latest Stock Report on Sprouts Farmers Market

Sprouts Farmers Market Stock Performance

Shares of SFM stock opened at $108.68 on Wednesday. The stock has a market capitalization of $10.92 billion, a PE ratio of 37.48, a price-to-earnings-growth ratio of 3.03 and a beta of 0.56. Sprouts Farmers Market, Inc. has a 52-week low of $39.76 and a 52-week high of $109.17. The stock’s 50-day moving average price is $97.23 and its 200 day moving average price is $81.36. 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 – Get Free Report) last issued its quarterly earnings results on Monday, July 29th. The company reported $0.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.78 by $0.16. The firm had revenue of $1.90 billion for 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 revenue for the quarter was up 12.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.71 EPS. As a group, equities research analysts forecast that Sprouts Farmers Market, Inc. will post 3.37 EPS for the current year.

Insider Activity at Sprouts Farmers Market

In other Sprouts Farmers Market news, CEO Jack Sinclair sold 5,714 shares of the business’s stock in a transaction that occurred on Tuesday, July 2nd. The stock was sold at an average price of $83.38, for a total transaction of $476,433.32. Following the transaction, the chief executive officer now owns 245,288 shares in the company, valued at approximately $20,452,113.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Sprouts Farmers Market news, insider Timmi Zalatoris sold 56,800 shares of the business’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $100.00, for a total transaction of $5,680,000.00. Following the transaction, the insider now owns 10,895 shares in the company, valued at approximately $1,089,500. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jack Sinclair sold 5,714 shares of the business’s stock in a transaction that occurred on 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 approximately $20,452,113.44. The disclosure for this sale can be found here. Insiders have sold 123,221 shares of company stock worth $12,130,609 in the last quarter. Company insiders own 1.10% of the company’s stock.

About Sprouts Farmers Market

(Free Report)

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.

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