Jupiter Asset Management Ltd. Sells 103,883 Shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Jupiter Asset Management Ltd. trimmed its position in Sprouts Farmers Market, Inc. (NASDAQ:SFM - Free Report) by 10.8% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 859,949 shares of the company's stock after selling 103,883 shares during the quarter. Jupiter Asset Management Ltd. owned 0.86% of Sprouts Farmers Market worth $71,943,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Crewe Advisors LLC grew its stake in shares of Sprouts Farmers Market by 223.5% during the second quarter. Crewe Advisors LLC now owns 317 shares of the company's stock valued at $27,000 after purchasing an additional 219 shares during the last quarter. Whittier Trust Co. of Nevada Inc. acquired a new stake in shares of Sprouts Farmers Market during the second quarter worth $29,000. Rise Advisors LLC bought a new stake in shares of Sprouts Farmers Market in the first quarter valued at about $26,000. Blue Bell Private Wealth Management LLC bought a new stake in Sprouts Farmers Market in the 1st quarter valued at approximately $36,000. Finally, Hanseatic Management Services Inc. bought a new stake in shares of Sprouts Farmers Market in the second quarter worth $63,000.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. The Goldman Sachs Group raised their price target on Sprouts Farmers Market from $89.00 to $111.00 and gave the company a "buy" rating in a research note on Wednesday, July 31st. Royal Bank of Canada initiated coverage on shares of Sprouts Farmers Market in a research note on Thursday. They issued a "sector perform" rating and a $107.00 target price for the company. Roth Mkm boosted their price target on Sprouts Farmers Market from $58.00 to $78.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 30th. UBS Group raised their price objective on Sprouts Farmers Market from $68.00 to $94.00 and gave the company a "neutral" rating in a research report on Friday, June 28th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on Sprouts Farmers Market from $63.00 to $76.00 and gave the stock a "hold" rating in a report on Monday, July 29th. Nine equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $96.56.

Sprouts Farmers Market Stock Performance

NASDAQ:SFM traded up $1.03 during mid-day trading on Thursday, reaching $101.73. 894,049 shares of the company's stock were exchanged, compared to its average volume of 1,349,782. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.44 and a current ratio of 1.03. Sprouts Farmers Market, Inc. has a one year low of $39.24 and a one year high of $104.41. The business's fifty day simple moving average is $93.46 and its two-hundred day simple moving average is $78.68. The firm has a market capitalization of $10.22 billion, a PE ratio of 35.08, a price-to-earnings-growth ratio of 2.81 and a beta of 0.56.

Sprouts Farmers Market (NASDAQ:SFM - Get Free Report) last issued its 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. Sprouts Farmers Market had a net margin of 4.52% and a return on equity of 27.53%. The company had revenue of $1.90 billion during the quarter, compared to analysts' expectations of $1.84 billion. During the same period in the previous year, the company earned $0.71 EPS. The business's revenue for the quarter was up 12.3% compared to the same quarter last year. Analysts anticipate that Sprouts Farmers Market, Inc. will post 3.37 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Sprouts Farmers Market news, CEO Jack Sinclair sold 5,718 shares of the business's stock in a transaction that occurred on Thursday, June 20th. The shares were sold at an average price of $77.07, for a total transaction of $440,686.26. Following the sale, the chief executive officer now directly owns 256,716 shares of the company's stock, valued at approximately $19,785,102.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Sprouts Farmers Market news, insider Dustin Hamilton sold 1,997 shares of the firm's stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $99.20, for a total transaction of $198,102.40. Following the completion of the transaction, the insider now owns 26,172 shares in the company, valued at approximately $2,596,262.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Jack Sinclair sold 5,718 shares of the business's stock in a transaction that occurred on Thursday, June 20th. The stock was sold at an average price of $77.07, for a total transaction of $440,686.26. Following the completion of the transaction, the chief executive officer now owns 256,716 shares in the company, valued at approximately $19,785,102.12. The disclosure for this sale can be found here. Insiders sold a total of 128,939 shares of company stock valued at $12,571,295 in the last 90 days. Corporate insiders own 1.10% of the company's stock.

Sprouts Farmers Market Company Profile

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.