Parametric Portfolio Associates LLC lifted its stake in Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 8.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 149,820 shares of the company’s stock after buying an additional 11,705 shares during the period. Parametric Portfolio Associates LLC owned approximately 0.11% of Sprouts Farmers Market worth $3,396,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Capstone Asset Management Co. increased its holdings in Sprouts Farmers Market by 0.9% during the 2nd quarter. Capstone Asset Management Co. now owns 13,670 shares of the company’s stock valued at $310,000 after purchasing an additional 120 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in Sprouts Farmers Market by 0.7% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 18,862 shares of the company’s stock valued at $428,000 after purchasing an additional 123 shares during the period. Benjamin F. Edwards & Company Inc. increased its holdings in Sprouts Farmers Market by 2.3% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 7,525 shares of the company’s stock valued at $171,000 after purchasing an additional 170 shares during the period. World Asset Management Inc increased its holdings in Sprouts Farmers Market by 2.4% during the 2nd quarter. World Asset Management Inc now owns 9,284 shares of the company’s stock valued at $210,000 after purchasing an additional 221 shares during the period. Finally, Mutual of America Capital Management LLC increased its holdings in Sprouts Farmers Market by 0.4% during the 2nd quarter. Mutual of America Capital Management LLC now owns 104,878 shares of the company’s stock valued at $2,378,000 after purchasing an additional 376 shares during the period. Hedge funds and other institutional investors own 87.59% of the company’s stock.

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Sprouts Farmers Market (NASDAQ:SFM) last issued its earnings results on Thursday, August 3rd. The company reported $0.29 EPS for the quarter, topping the Zacks’ consensus estimate of $0.25 by $0.04. The business had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.17 billion. Sprouts Farmers Market had a net margin of 2.96% and a return on equity of 18.79%. The company’s quarterly revenue was up 14.8% compared to the same quarter last year. During the same period last year, the company posted $0.25 earnings per share.

In other Sprouts Farmers Market news, insider Daniel Bruni acquired 15,000 shares of the business’s stock in a transaction that occurred on Friday, September 15th. The shares were bought at an average cost of $19.00 per share, with a total value of $285,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Bradley Lukow acquired 7,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 29th. The shares were acquired at an average cost of $19.80 per share, for a total transaction of $138,600.00. The disclosure for this purchase can be found here. Company insiders own 2.60% of the company’s stock.

A number of research analysts recently issued reports on SFM shares. J P Morgan Chase & Co upgraded Sprouts Farmers Market from a “neutral” rating to an “overweight” rating and boosted their price target for the company from $24.00 to $27.00 in a report on Friday, August 4th. Susquehanna Bancshares Inc started coverage on Sprouts Farmers Market in a report on Monday, October 16th. They set a “positive” rating and a $23.00 price target on the stock. UBS AG set a $25.00 price target on Sprouts Farmers Market and gave the company a “buy” rating in a report on Monday. Stephens started coverage on Sprouts Farmers Market in a report on Friday, August 11th. They set an “equal weight” rating and a $25.00 price target on the stock. Finally, Royal Bank Of Canada set a $28.00 price target on Sprouts Farmers Market and gave the company a “buy” rating in a report on Monday, July 31st. Three research analysts have rated the stock with a sell rating, ten have given a hold rating and eleven have issued a buy rating to the company’s stock. Sprouts Farmers Market currently has an average rating of “Hold” and an average target price of $24.50.

Sprouts Farmers Market Company Profile

Sprouts Farmers Market, Inc is a food retailer. The Company operates as a grocery store that offers fresh, natural and organic food that includes fresh produce, bulk foods, vitamins and supplements, packaged groceries, meat and seafood, deli, baked goods, dairy products, frozen foods, body care and natural household items catering to consumers’ interest in health and wellness.

Institutional Ownership by Quarter for Sprouts Farmers Market (NASDAQ:SFM)

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