Sprouts Farmers Market, Inc. (NASDAQ:SFM) Shares Purchased by Vima LLC

Vima LLC raised its position in Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 993.4% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 3,171 shares of the company’s stock after buying an additional 2,881 shares during the period. Vima LLC’s holdings in Sprouts Farmers Market were worth $265,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of SFM. Rise Advisors LLC acquired a new stake in shares of Sprouts Farmers Market in the first quarter worth approximately $26,000. Crewe Advisors LLC lifted its holdings in Sprouts Farmers Market by 223.5% in the 2nd quarter. Crewe Advisors LLC now owns 317 shares of the company’s stock valued at $27,000 after purchasing an additional 219 shares in the last quarter. Whittier Trust Co. of Nevada Inc. acquired a new stake in Sprouts Farmers Market during the 2nd quarter worth $29,000. Blue Bell Private Wealth Management LLC purchased a new stake in shares of Sprouts Farmers Market during the first quarter worth $36,000. Finally, Principal Securities Inc. acquired a new stake in shares of Sprouts Farmers Market in the fourth quarter valued at about $54,000.

Analysts Set New Price Targets

SFM has been the subject of several research reports. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Sprouts Farmers Market from $63.00 to $76.00 and gave the company a “hold” rating in a research note on Monday, July 29th. Bank of America increased their price target on Sprouts Farmers Market from $100.00 to $115.00 and gave the company a “buy” rating in a report on Thursday, September 5th. BMO Capital Markets raised Sprouts Farmers Market from an “underperform” rating to a “market perform” rating and boosted their price objective for the stock from $40.00 to $102.00 in a research note on Tuesday, July 30th. Royal Bank of Canada began coverage on Sprouts Farmers Market in a report on Thursday. They set a “sector perform” rating and a $107.00 price target on the stock. Finally, Roth Mkm upped their price objective on shares of Sprouts Farmers Market from $58.00 to $78.00 and gave the company a “neutral” rating in a report on Tuesday, July 30th. Nine analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $96.56.

Insiders Place Their Bets

In related news, insider Dustin Hamilton sold 1,997 shares of the business’s stock in a transaction on Monday, September 9th. The stock was sold at an average price of $99.20, for a total value of $198,102.40. Following the sale, 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 Securities & Exchange Commission, which is available through this link. In other 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 value of $198,102.40. Following the completion of the transaction, the insider now owns 26,172 shares of the company’s stock, valued at $2,596,262.40. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider John Scott Neal sold 6,535 shares of the company’s stock in a transaction that occurred 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 sale, the insider now directly owns 14,293 shares in the company, valued at $1,462,030.97. The disclosure for this sale can be found here. Insiders have sold 128,939 shares of company stock worth $12,571,295 over the last ninety days. Corporate insiders own 1.10% of the company’s stock.

Sprouts Farmers Market Stock Up 0.4 %

Shares of SFM opened at $102.10 on Friday. The company’s 50-day moving average price is $93.46 and its 200 day moving average price is $78.68. Sprouts Farmers Market, Inc. has a 12-month low of $39.50 and a 12-month high of $104.41. The company has a current ratio of 1.03, a quick ratio of 0.44 and a debt-to-equity ratio of 0.01. The firm has a market cap of $10.22 billion, a P/E ratio of 35.21, a price-to-earnings-growth ratio of 2.86 and a beta of 0.56.

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