Cerebellum GP LLC acquired a new stake in Sprouts Farmers Market Inc (NASDAQ:SFM) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 1,082 shares of the company’s stock, valued at approximately $26,000.

Other large investors have also made changes to their positions in the company. Jefferies Group LLC grew its position in shares of Sprouts Farmers Market by 165.3% in the second quarter. Jefferies Group LLC now owns 229,203 shares of the company’s stock valued at $4,330,000 after purchasing an additional 142,812 shares during the period. Arden Trust Co purchased a new stake in shares of Sprouts Farmers Market in the second quarter valued at $262,000. Teza Capital Management LLC purchased a new stake in shares of Sprouts Farmers Market in the second quarter valued at $283,000. Morgan Stanley grew its position in shares of Sprouts Farmers Market by 182.4% in the second quarter. Morgan Stanley now owns 468,899 shares of the company’s stock valued at $8,859,000 after purchasing an additional 302,852 shares during the period. Finally, AQR Capital Management LLC grew its position in shares of Sprouts Farmers Market by 1,362.8% in the second quarter. AQR Capital Management LLC now owns 144,714 shares of the company’s stock valued at $2,734,000 after purchasing an additional 134,821 shares during the period. 93.94% of the stock is owned by institutional investors and hedge funds.

SFM stock opened at $18.29 on Friday. The stock has a 50-day moving average price of $18.78 and a two-hundred day moving average price of $19.49. Sprouts Farmers Market Inc has a 12-month low of $16.46 and a 12-month high of $28.69. The company has a current ratio of 0.85, a quick ratio of 0.25 and a debt-to-equity ratio of 3.02. The company has a market cap of $2.18 billion, a PE ratio of 14.18, a price-to-earnings-growth ratio of 2.09 and a beta of 0.37.

Sprouts Farmers Market (NASDAQ:SFM) last posted its quarterly earnings results on Thursday, August 1st. The company reported $0.30 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.31 by ($0.01). Sprouts Farmers Market had a net margin of 2.61% and a return on equity of 26.10%. The firm had revenue of $1.42 billion for the quarter, compared to analysts’ expectations of $1.45 billion. During the same period last year, the firm posted $0.32 EPS. Sprouts Farmers Market’s revenue was up 7.2% on a year-over-year basis. Equities analysts forecast that Sprouts Farmers Market Inc will post 1.08 EPS for the current fiscal year.

A number of equities research analysts have recently commented on SFM shares. CIBC reaffirmed a “market perform” rating on shares of Sprouts Farmers Market in a research report on Tuesday, July 23rd. JPMorgan Chase & Co. downgraded Sprouts Farmers Market from an “overweight” rating to a “neutral” rating and lowered their price target for the company from $22.00 to $19.00 in a research report on Friday, August 2nd. Northcoast Research raised Sprouts Farmers Market from a “neutral” rating to a “buy” rating and set a $22.00 price target for the company in a research report on Thursday, August 15th. Zacks Investment Research downgraded Sprouts Farmers Market from a “hold” rating to a “sell” rating and set a $19.00 price target for the company. in a research report on Thursday, October 3rd. Finally, Sanford C. Bernstein raised Sprouts Farmers Market from an “underperform” rating to a “market perform” rating and set a $23.00 price target for the company in a research report on Monday, June 24th. Five research analysts have rated the stock with a sell rating, eleven have given a hold rating and three have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $22.47.

About Sprouts Farmers Market

Sprouts Farmers Market, Inc, a healthy grocery store, provides fresh, natural, and organic food products in the United States. Its stores offer fresh produce, bulk foods, vitamins and supplements, packaged groceries, meat and seafood, baked goods, dairy products, frozen foods, beer and wine, natural body care and household items.

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

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