Blair William & Co. IL bought a new position in Sprouts Farmers Market Inc. (NASDAQ:SFM) during the second quarter, Holdings Channel reports. The fund bought 9,630 shares of the company’s stock, valued at approximately $221,000.

Other hedge funds have also bought and sold shares of the company. Stillwater Investment Management L.P. acquired a new stake in Sprouts Farmers Market during the first quarter worth about $18,362,000. BlackRock Institutional Trust Company N.A. boosted its stake in Sprouts Farmers Market by 15.4% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 4,189,288 shares of the company’s stock worth $121,657,000 after buying an additional 559,466 shares during the last quarter. BlackRock Fund Advisors boosted its stake in Sprouts Farmers Market by 241.5% in the first quarter. BlackRock Fund Advisors now owns 4,914,136 shares of the company’s stock worth $142,707,000 after buying an additional 3,475,079 shares during the last quarter. BlackRock Group LTD boosted its stake in Sprouts Farmers Market by 12.9% in the first quarter. BlackRock Group LTD now owns 324,736 shares of the company’s stock worth $9,429,000 after buying an additional 36,980 shares during the last quarter. Finally, BlackRock Inc. boosted its stake in Sprouts Farmers Market by 1,396.0% in the first quarter. BlackRock Inc. now owns 63,774 shares of the company’s stock worth $1,852,000 after buying an additional 59,511 shares during the last quarter. 94.10% of the stock is owned by institutional investors and hedge funds.

Sprouts Farmers Market Inc. (NASDAQ:SFM) traded down 1.22% during midday trading on Tuesday, reaching $20.25. 1,865,298 shares of the company traded hands. Sprouts Farmers Market Inc. has a one year low of $18.70 and a one year high of $30.00. The firm has a market capitalization of $3.01 billion, a price-to-earnings ratio of 21.59 and a beta of 0.73. The firm has a 50-day moving average price of $22.01 and a 200-day moving average price of $24.76.

Sprouts Farmers Market (NASDAQ:SFM) last issued its quarterly earnings data on Thursday, August 4th. The company reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.01. Sprouts Farmers Market had a return on equity of 17.77% and a net margin of 3.72%. The business had revenue of $1,000 million for the quarter, compared to analysts’ expectations of $1.04 billion. During the same period last year, the business earned $0.22 EPS. The business’s revenue was up 14.3% on a year-over-year basis. Equities analysts predict that Sprouts Farmers Market Inc. will post $0.85 EPS for the current fiscal year.

A number of analysts have recently commented on the stock. Wells Fargo & Co. reissued a “buy” rating on shares of Sprouts Farmers Market in a research report on Thursday, May 26th. Vetr lowered shares of Sprouts Farmers Market from a “strong-buy” rating to a “buy” rating and set a $26.50 price objective on the stock. in a research report on Tuesday, July 26th. Bank of America Corp. reissued a “buy” rating on shares of Sprouts Farmers Market in a research report on Wednesday, June 8th. Deutsche Bank AG cut their price objective on shares of Sprouts Farmers Market from $35.00 to $31.00 and set a “buy” rating on the stock in a research report on Thursday, July 14th. Finally, Goldman Sachs Group Inc. raised shares of Sprouts Farmers Market from a “sell” rating to a “buy” rating and set a $29.00 price objective on the stock in a research report on Tuesday, July 26th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and sixteen have given a buy rating to the stock. Sprouts Farmers Market currently has a consensus rating of “Buy” and a consensus target price of $27.60.

In related news, CFO Bradley Lukow acquired 2,000 shares of the company’s stock in a transaction on Friday, September 16th. The shares were acquired at an average cost of $20.05 per share, for a total transaction of $40,100.00. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 2.60% of the company’s stock.

About Sprouts Farmers Market

Sprouts Farmers Market, Inc is a food retailer that offers natural and organic food, including produce, bulk foods, meat and seafood, bakery, dairy, frozen foods, body care and natural household items. The Company categorizes its products as perishable and non-perishable. Its perishable product category includes produce, meat, seafood, deli and bakery.

5 Day Chart for NASDAQ:SFM

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