Sprouts Farmers Market, Inc. (NASDAQ:SFM) Holdings Boosted by Pacer Advisors Inc.

Pacer Advisors Inc. boosted its position in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 4.3% during the 2nd quarter, HoldingsChannel reports. The firm owned 20,710 shares of the company’s stock after buying an additional 850 shares during the quarter. Pacer Advisors Inc.’s holdings in Sprouts Farmers Market were worth $1,733,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in shares of Sprouts Farmers Market by 0.3% during the 1st quarter. Vanguard Group Inc. now owns 10,715,970 shares of the company’s stock valued at $690,966,000 after acquiring an additional 29,362 shares in the last quarter. Renaissance Technologies LLC grew its holdings in shares of Sprouts Farmers Market by 15.4% during the 2nd quarter. Renaissance Technologies LLC now owns 4,438,144 shares of the company’s stock valued at $371,295,000 after acquiring an additional 593,600 shares in the last quarter. Nordea Investment Management AB grew its holdings in shares of Sprouts Farmers Market by 9.8% during the 1st quarter. Nordea Investment Management AB now owns 3,336,707 shares of the company’s stock valued at $216,419,000 after acquiring an additional 297,067 shares in the last quarter. Point72 Asset Management L.P. grew its holdings in shares of Sprouts Farmers Market by 411.4% during the 4th quarter. Point72 Asset Management L.P. now owns 1,538,410 shares of the company’s stock valued at $74,013,000 after acquiring an additional 1,237,610 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its holdings in shares of Sprouts Farmers Market by 36.9% during 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 in the last quarter.

Sprouts Farmers Market Stock Down 1.5 %

SFM stock opened at $108.47 on Friday. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.03 and a quick ratio of 0.44. Sprouts Farmers Market, Inc. has a 52-week low of $39.76 and a 52-week high of $110.98. The company has a 50-day moving average of $98.30 and a two-hundred day moving average of $81.75. The stock has a market capitalization of $10.90 billion, a price-to-earnings ratio of 37.40, a price-to-earnings-growth ratio of 3.10 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. Sprouts Farmers Market had a net margin of 4.52% and a return on equity of 27.53%. The company had revenue of $1.90 billion during the quarter, compared to analysts’ expectations of $1.84 billion. During the same period in the prior year, the company earned $0.71 earnings per share. The business’s quarterly revenue was up 12.3% compared to the same quarter last year. As a group, equities research analysts anticipate that Sprouts Farmers Market, Inc. will post 3.37 EPS for the current year.

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 dated Thursday, August 1st. The shares were 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 in the company, valued at $1,089,500. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, insider Dustin Hamilton sold 1,997 shares of the stock in a transaction dated 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 sale, the insider now owns 26,172 shares in the company, valued at $2,596,262.40. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Timmi Zalatoris sold 56,800 shares of the stock in a transaction dated Thursday, August 1st. The shares were 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 owns 10,895 shares of the company’s stock, valued at approximately $1,089,500. The disclosure for this sale can be found here. Insiders sold 123,221 shares of company stock worth $12,130,609 over the last ninety days. Company insiders own 1.10% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently commented on SFM. Roth Mkm boosted their price target 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. BMO Capital Markets upgraded shares of Sprouts Farmers Market from an “underperform” rating to a “market perform” rating and boosted their price target for the company from $40.00 to $102.00 in a report on Tuesday, July 30th. Wells Fargo & Company upgraded shares of Sprouts Farmers Market from an “underweight” rating to an “equal weight” rating and upped their price objective for the stock from $62.00 to $90.00 in a report on Tuesday, July 30th. UBS Group upped their price objective on shares of Sprouts Farmers Market from $68.00 to $94.00 and gave the stock a “neutral” rating in a report on Friday, June 28th. Finally, Royal Bank of Canada began coverage on shares of Sprouts Farmers Market in a report on Thursday, September 12th. They issued a “sector perform” rating and a $107.00 price objective for the company. Nine research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, Sprouts Farmers Market currently has a consensus rating of “Hold” and a consensus target price of $99.80.

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.