Sprouts Farmers Market, Inc. (NASDAQ:SFM) Shares Bought by Promethos Capital LLC

Promethos Capital LLC boosted its stake in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM - Free Report) by 55.9% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 63,546 shares of the company's stock after purchasing an additional 22,790 shares during the quarter. Sprouts Farmers Market makes up 2.0% of Promethos Capital LLC's investment portfolio, making the stock its 18th biggest holding. Promethos Capital LLC owned approximately 0.06% of Sprouts Farmers Market worth $5,316,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of SFM. Crewe Advisors LLC lifted its position in shares of Sprouts Farmers Market by 223.5% during the 2nd quarter. Crewe Advisors LLC now owns 317 shares of the company's stock worth $27,000 after purchasing an additional 219 shares during the last quarter. Whittier Trust Co. of Nevada Inc. purchased a new stake in Sprouts Farmers Market during the 2nd quarter worth about $29,000. Rise Advisors LLC acquired a new position in shares of Sprouts Farmers Market during the 1st quarter worth about $26,000. Hanseatic Management Services Inc. purchased a new position in shares of Sprouts Farmers Market in the 2nd quarter valued at about $63,000. Finally, Principal Securities Inc. purchased a new position in shares of Sprouts Farmers Market in the 4th quarter valued at about $54,000.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on SFM shares. The Goldman Sachs Group increased their target price on shares of Sprouts Farmers Market from $89.00 to $111.00 and gave the company a "buy" rating in a research report on Wednesday, July 31st. UBS Group raised their price objective on Sprouts Farmers Market from $68.00 to $94.00 and gave the stock a "neutral" rating in a report on Friday, June 28th. Roth Mkm boosted their target price on Sprouts Farmers Market from $58.00 to $78.00 and gave the company a "neutral" rating in a report on Tuesday, July 30th. Evercore ISI upgraded Sprouts Farmers Market from an "in-line" rating to an "outperform" rating and raised their price target for the stock from $96.00 to $120.00 in a research note on Monday. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on Sprouts Farmers Market from $63.00 to $76.00 and gave the stock a "hold" rating in a research report on Monday, July 29th. Eight analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $99.22.

Insider Buying and Selling at Sprouts Farmers Market

In related news, CEO Jack Sinclair sold 5,714 shares of Sprouts Farmers Market stock in a transaction dated Tuesday, July 2nd. The stock was sold at an average price of $83.38, for a total transaction of $476,433.32. Following the completion of the sale, 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 document filed with the SEC, which is available at the SEC website. In other Sprouts Farmers Market news, insider John Scott Neal sold 6,535 shares of the stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $102.29, for a total transaction of $668,465.15. Following the transaction, the insider now owns 14,293 shares of the company's stock, valued at approximately $1,462,030.97. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Jack Sinclair sold 5,714 shares of Sprouts Farmers Market stock in a transaction on Tuesday, July 2nd. The shares were sold at an average price of $83.38, for a total value of $476,433.32. Following the completion of the sale, the chief executive officer now directly owns 245,288 shares of the company's stock, valued at approximately $20,452,113.44. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 123,221 shares of company stock worth $12,130,609. 1.10% of the stock is owned by insiders.

Sprouts Farmers Market Price Performance

SFM traded up $0.26 on Friday, hitting $105.70. 2,299,287 shares of the company were exchanged, compared to its average volume of 1,359,646. Sprouts Farmers Market, Inc. has a fifty-two week low of $39.50 and a fifty-two week high of $107.90. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.44 and a current ratio of 1.03. The firm has a market capitalization of $10.58 billion, a P/E ratio of 36.04, a price-to-earnings-growth ratio of 3.03 and a beta of 0.56. The business's fifty day moving average is $95.80 and its 200 day moving average is $80.19.

Sprouts Farmers Market (NASDAQ:SFM - Get Free Report) last posted its earnings results on Monday, July 29th. The company reported $0.94 EPS for the quarter, topping analysts' consensus estimates of $0.78 by $0.16. The company had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.84 billion. Sprouts Farmers Market had a return on equity of 27.53% and a net margin of 4.52%. Sprouts Farmers Market's quarterly revenue was up 12.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.71 earnings per share. As a group, sell-side analysts anticipate that Sprouts Farmers Market, Inc. will post 3.37 EPS for the current year.

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.