Farr Miller & Washington LLC DC grew its stake in Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 0.9% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,283,474 shares of the company’s stock after acquiring an additional 11,722 shares during the quarter. Sprouts Farmers Market accounts for 2.8% of Farr Miller & Washington LLC DC’s portfolio, making the stock its 13th biggest holding. Farr Miller & Washington LLC DC owned about 0.93% of Sprouts Farmers Market worth $29,096,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the business. Capstone Asset Management Co. raised its stake in shares of Sprouts Farmers Market by 13.3% in the first quarter. Capstone Asset Management Co. now owns 13,550 shares of the company’s stock worth $313,000 after purchasing an additional 1,590 shares during the last quarter. Russell Investments Group Ltd. raised its stake in shares of Sprouts Farmers Market by 14.7% in the first quarter. Russell Investments Group Ltd. now owns 24,050 shares of the company’s stock worth $556,000 after purchasing an additional 3,091 shares during the last quarter. Oregon Public Employees Retirement Fund raised its stake in shares of Sprouts Farmers Market by 1.2% in the first quarter. Oregon Public Employees Retirement Fund now owns 48,887 shares of the company’s stock worth $1,130,000 after purchasing an additional 600 shares during the last quarter. Great West Life Assurance Co. Can raised its stake in shares of Sprouts Farmers Market by 2.7% in the first quarter. Great West Life Assurance Co. Can now owns 327,451 shares of the company’s stock worth $7,582,000 after purchasing an additional 8,487 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its stake in shares of Sprouts Farmers Market by 26.3% in the first quarter. Bank of New York Mellon Corp now owns 2,701,767 shares of the company’s stock worth $62,464,000 after purchasing an additional 563,159 shares during the last quarter. 88.09% of the stock is currently owned by institutional investors and hedge funds.

Several research analysts have recently weighed in on the company. BMO Capital Markets set a $24.00 price target on Sprouts Farmers Market and gave the stock a “hold” rating in a research note on Saturday, June 10th. UBS AG upgraded Sprouts Farmers Market from a “market perform” rating to an “outperform” rating in a research report on Friday, June 16th. Morgan Stanley reiterated an “equal weight” rating and set a $22.00 price objective (down previously from $23.00) on shares of Sprouts Farmers Market in a research report on Monday, June 19th. Jefferies Group LLC set a $26.00 price objective on Sprouts Farmers Market and gave the company a “buy” rating in a research report on Wednesday, June 14th. Finally, Royal Bank Of Canada set a $28.00 price objective on Sprouts Farmers Market and gave the company a “buy” rating in a research report on Friday, May 19th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and thirteen have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $25.42.

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Shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) traded down 0.25% during midday trading on Monday, reaching $19.89. The company’s stock had a trading volume of 2,708,233 shares. Sprouts Farmers Market, Inc. has a one year low of $17.38 and a one year high of $25.98. The stock’s 50 day moving average price is $23.41 and its 200 day moving average price is $22.47. The firm has a market cap of $2.70 billion, a price-to-earnings ratio of 22.42 and a beta of 0.56.

Sprouts Farmers Market (NASDAQ:SFM) last issued 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. The business had revenue of $1.18 billion for the quarter, compared to analysts’ expectations of $1.17 billion. Sprouts Farmers Market had a return on equity of 18.79% and a net margin of 2.96%. The business’s revenue for the quarter was up 14.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.25 EPS. Analysts predict that Sprouts Farmers Market, Inc. will post $0.93 earnings per share for the current year.

In related news, CEO Amin N. Maredia sold 13,448 shares of the company’s stock in a transaction that occurred on Monday, July 3rd. The stock was sold at an average price of $22.71, for a total value of $305,404.08. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Bradley Lukow acquired 7,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 29th. The stock was acquired at an average price of $19.80 per share, for a total transaction of $138,600.00. The disclosure for this purchase can be found here. Over the last 90 days, insiders have sold 48,448 shares of company stock worth $1,158,504. Insiders own 2.60% of the company’s stock.

Sprouts Farmers Market 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.

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

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