Bank of New York Mellon Corp Boosts Stock Position in Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Bank of New York Mellon Corp increased its stake in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 0.5% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,148,457 shares of the company’s stock after purchasing an additional 6,085 shares during the quarter. Bank of New York Mellon Corp’s holdings in Sprouts Farmers Market were worth $96,080,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of SFM. Rise Advisors LLC acquired a new position in shares of Sprouts Farmers Market during the 1st quarter worth about $26,000. Blue Bell Private Wealth Management LLC acquired a new position in shares of Sprouts Farmers Market during the 1st quarter worth about $36,000. GAMMA Investing LLC acquired a new position in shares of Sprouts Farmers Market during the 4th quarter worth about $43,000. Principal Securities Inc. acquired a new position in shares of Sprouts Farmers Market during the 4th quarter worth about $54,000. Finally, Parallel Advisors LLC boosted its position in shares of Sprouts Farmers Market by 11.7% during the 4th quarter. Parallel Advisors LLC now owns 1,987 shares of the company’s stock worth $96,000 after acquiring an additional 208 shares in the last quarter.

Analysts Set New Price Targets

Several research analysts have recently issued reports on SFM shares. Bank of America upped their price objective on Sprouts Farmers Market from $84.00 to $100.00 and gave the stock a “buy” rating in a research report on Tuesday, July 30th. BMO Capital Markets raised Sprouts Farmers Market from an “underperform” rating to a “market perform” rating and upped their price objective for the stock from $40.00 to $102.00 in a research report on Tuesday, July 30th. Roth Mkm upped their target price on Sprouts Farmers Market from $58.00 to $78.00 and gave the company a “neutral” rating in a research report on Tuesday, July 30th. UBS Group upped their target price on Sprouts Farmers Market from $68.00 to $94.00 and gave the company a “neutral” rating in a research report on Friday, June 28th. Finally, Wells Fargo & Company raised Sprouts Farmers Market from an “underweight” rating to an “equal weight” rating and upped their target price for the company from $62.00 to $90.00 in a research report on Tuesday, July 30th. Eight equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, Sprouts Farmers Market presently has an average rating of “Hold” and an average target price of $93.38.

Insider Buying and Selling at Sprouts Farmers Market

In other Sprouts Farmers Market news, insider Timmi Zalatoris sold 56,800 shares of the company’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $100.00, for a total transaction of $5,680,000.00. Following the completion of the sale, the insider now directly owns 10,895 shares of the company’s stock, valued at approximately $1,089,500. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, CEO Jack Sinclair sold 5,718 shares of the stock in a transaction that occurred on Thursday, June 20th. The stock was sold at an average price of $77.07, for a total transaction of $440,686.26. Following the completion of the transaction, the chief executive officer now directly owns 256,716 shares of the company’s stock, valued at approximately $19,785,102.12. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Timmi Zalatoris sold 56,800 shares of the stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $100.00, for a total value of $5,680,000.00. Following the transaction, the insider now directly owns 10,895 shares of the company’s stock, valued at $1,089,500. The disclosure for this sale can be found here. Insiders sold a total of 114,693 shares of company stock valued at $11,127,100 in the last ninety days. Insiders own 1.10% of the company’s stock.

Sprouts Farmers Market Stock Down 0.7 %

SFM opened at $101.96 on Thursday. The business has a 50 day moving average price of $89.21 and a two-hundred day moving average price of $75.19. The company has a quick ratio of 0.44, a current ratio of 1.03 and a debt-to-equity ratio of 0.01. The company has a market cap of $10.24 billion, a PE ratio of 35.16, a P/E/G ratio of 2.81 and a beta of 0.55. Sprouts Farmers Market, Inc. has a 52 week low of $38.46 and a 52 week high of $103.80.

Sprouts Farmers Market (NASDAQ:SFM) last posted its quarterly earnings data on Monday, July 29th. The company reported $0.94 EPS for the quarter, beating the consensus estimate of $0.78 by $0.16. The firm had revenue of $1.90 billion during 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%. The firm’s revenue was up 12.3% compared to the same quarter last year. During the same period in the prior year, the business earned $0.71 EPS. As a group, research analysts anticipate that Sprouts Farmers Market, Inc. will post 3.37 EPS for the current year.

Sprouts Farmers Market 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.