Sprouts Farmers Market, Inc. (NASDAQ:SFM) Shares Purchased by Federated Hermes Inc.

Federated Hermes Inc. grew its stake in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 18.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 276,856 shares of the company’s stock after acquiring an additional 44,039 shares during the period. Federated Hermes Inc. owned about 0.28% of Sprouts Farmers Market worth $23,162,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. lifted its position in shares of Sprouts Farmers Market by 0.3% during the first quarter. Vanguard Group Inc. now owns 10,715,970 shares of the company’s stock worth $690,966,000 after purchasing an additional 29,362 shares during the last quarter. Nordea Investment Management AB grew its position in shares of Sprouts Farmers Market by 9.8% in the 1st quarter. Nordea Investment Management AB now owns 3,336,707 shares of the company’s stock worth $216,419,000 after acquiring an additional 297,067 shares in the last quarter. Point72 Asset Management L.P. grew its position in shares of Sprouts Farmers Market by 411.4% in the 4th quarter. Point72 Asset Management L.P. now owns 1,538,410 shares of the company’s stock worth $74,013,000 after acquiring an additional 1,237,610 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of Sprouts Farmers Market by 36.9% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,478,588 shares of the company’s stock valued at $71,135,000 after acquiring an additional 398,901 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its position in shares of Sprouts Farmers Market by 0.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,148,457 shares of the company’s stock valued at $96,080,000 after acquiring an additional 6,085 shares in the last quarter.

Wall Street Analyst Weigh In

Several research firms have weighed in on SFM. Deutsche Bank Aktiengesellschaft boosted their target price 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 objective on shares of Sprouts Farmers Market from $100.00 to $115.00 and gave the stock a “buy” rating in a research note on Thursday, September 5th. Evercore ISI lifted their target price on Sprouts Farmers Market from $84.00 to $96.00 and gave the company an “in-line” rating in a research note on Tuesday, July 30th. BMO Capital Markets upgraded Sprouts Farmers Market from an “underperform” rating to a “market perform” rating and increased their price target for the stock from $40.00 to $102.00 in a research report on Tuesday, July 30th. Finally, UBS Group boosted their price objective 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. Nine research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, Sprouts Farmers Market currently has an average rating of “Hold” and a consensus target price of $96.56.

Sprouts Farmers Market Trading Up 0.4 %

NASDAQ:SFM opened at $102.10 on Monday. The stock has a market cap of $10.22 billion, a price-to-earnings ratio of 35.21, a PEG ratio of 2.89 and a beta of 0.56. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.44 and a current ratio of 1.03. Sprouts Farmers Market, Inc. has a 1 year low of $39.50 and a 1 year high of $104.41. The business has a fifty day moving average of $93.85 and a 200-day moving average of $79.22.

Sprouts Farmers Market (NASDAQ:SFM) last announced its 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. Sprouts Farmers Market had a net margin of 4.52% and a return on equity of 27.53%. The firm had revenue of $1.90 billion during the quarter, compared to analyst estimates of $1.84 billion. During the same quarter in the prior year, the firm posted $0.71 EPS. Sprouts Farmers Market’s revenue was up 12.3% compared to the same quarter last year. Equities analysts predict that Sprouts Farmers Market, Inc. will post 3.37 earnings per share for the current year.

Insider Buying and Selling

In other Sprouts Farmers Market news, CEO Jack Sinclair sold 5,718 shares of the stock in a transaction 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 filing with the SEC, which is accessible through the SEC website. In other Sprouts Farmers Market news, CEO Jack Sinclair sold 5,718 shares of the company’s stock in a transaction dated Thursday, June 20th. The shares were sold at an average price of $77.07, for a total value of $440,686.26. Following the completion of the sale, 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Joel D. Anderson sold 20,851 shares of Sprouts Farmers Market stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $96.16, for a total transaction of $2,005,032.16. Following the completion of the transaction, the director now directly owns 18,809 shares in the company, valued at approximately $1,808,673.44. The disclosure for this sale can be found here. Insiders have sold a total of 128,939 shares of company stock valued at $12,571,295 over the last quarter. Corporate insiders own 1.10% of the company’s stock.

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.