Capstone Asset Management Co. boosted its stake in Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 0.9% during the second quarter, Holdings Channel reports. The firm owned 13,670 shares of the company’s stock after buying an additional 120 shares during the period. Capstone Asset Management Co.’s holdings in Sprouts Farmers Market were worth $310,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in SFM. PNC Financial Services Group Inc. increased its stake in shares of Sprouts Farmers Market by 9.4% in the first quarter. PNC Financial Services Group Inc. now owns 5,460 shares of the company’s stock worth $126,000 after buying an additional 468 shares during the period. Victory Capital Management Inc. acquired a new stake in shares of Sprouts Farmers Market during the first quarter worth about $152,000. Asset Management One Co. Ltd. acquired a new stake in shares of Sprouts Farmers Market during the first quarter worth about $161,000. Benjamin F. Edwards & Company Inc. increased its stake in shares of Sprouts Farmers Market by 2.8% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 7,355 shares of the company’s stock worth $170,000 after buying an additional 200 shares during the period. Finally, World Asset Management Inc acquired a new stake in shares of Sprouts Farmers Market during the first quarter worth about $210,000. 86.88% of the stock is owned by institutional investors.

Sprouts Farmers Market, Inc. (NASDAQ:SFM) traded up 1.34% during midday trading on Friday, hitting $24.14. The stock had a trading volume of 1,763,142 shares. The stock has a market cap of $3.27 billion, a PE ratio of 27.22 and a beta of 0.52. The company’s 50 day moving average price is $23.59 and its 200-day moving average price is $22.08. Sprouts Farmers Market, Inc. has a 52-week low of $17.38 and a 52-week high of $25.98.

Sprouts Farmers Market (NASDAQ:SFM) last announced its earnings results on Thursday, August 3rd. The company reported $0.29 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.25 by $0.04. Sprouts Farmers Market had a return on equity of 18.79% and a net margin of 2.96%. The firm had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.17 billion. During the same period in the previous year, the business earned $0.25 EPS. The firm’s revenue for the quarter was up 14.8% on a year-over-year basis. Analysts forecast that Sprouts Farmers Market, Inc. will post $0.93 EPS for the current fiscal year.

WARNING: “Capstone Asset Management Co. Purchases 120 Shares of Sprouts Farmers Market, Inc. (SFM)” was posted by Daily Political and is the sole property of of Daily Political. If you are accessing this news story on another site, it was illegally stolen and reposted in violation of United States and international trademark and copyright law. The legal version of this news story can be viewed at https://www.dailypolitical.com/2017/08/13/capstone-asset-management-co-purchases-120-shares-of-sprouts-farmers-market-inc-sfm.html.

A number of analysts have recently issued reports on the company. Stephens assumed coverage on Sprouts Farmers Market in a research report on Friday. They set an “equal weight” rating and a $25.00 price target for the company. Deutsche Bank AG reiterated a “hold” rating and set a $24.00 price target (up previously from $22.00) on shares of Sprouts Farmers Market in a research report on Wednesday. Zacks Investment Research upgraded Sprouts Farmers Market from a “sell” rating to a “hold” rating in a research report on Saturday, August 5th. J P Morgan Chase & Co upgraded Sprouts Farmers Market from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $24.00 to $27.00 in a research report on Friday, August 4th. Finally, Wells Fargo & Company reiterated a “buy” rating on shares of Sprouts Farmers Market in a research report on Thursday, August 3rd. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and fourteen have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $25.42.

In other Sprouts Farmers Market news, COO Dan J. Sanders sold 21,976 shares of Sprouts Farmers Market stock in a transaction dated Thursday, June 1st. The stock was sold at an average price of $24.23, for a total transaction of $532,478.48. Following the completion of the sale, the chief operating officer now owns 36,771 shares of the company’s stock, valued at approximately $890,961.33. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Amin N. Maredia sold 13,448 shares of Sprouts Farmers Market stock in a transaction dated Monday, July 3rd. The stock was sold at an average price of $22.71, for a total value of $305,404.08. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 110,746 shares of company stock worth $2,638,027. 2.60% of the stock is owned by company insiders.

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.

Want to see what other hedge funds are holding SFM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sprouts Farmers Market, Inc. (NASDAQ:SFM).

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

Receive News & Ratings for Sprouts Farmers Market Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sprouts Farmers Market Inc. and related companies with MarketBeat.com's FREE daily email newsletter.