CWM Advisors LLC Buys Shares of 14,332 Sprouts Farmers Market Inc (NASDAQ:SFM)

CWM Advisors LLC bought a new stake in Sprouts Farmers Market Inc (NASDAQ:SFM) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 14,332 shares of the company’s stock, valued at approximately $266,000.

A number of other institutional investors also recently modified their holdings of SFM. Alberta Investment Management Corp boosted its position in Sprouts Farmers Market by 270.4% during the first quarter. Alberta Investment Management Corp now owns 254,100 shares of the company’s stock worth $4,724,000 after acquiring an additional 185,500 shares during the last quarter. PNC Financial Services Group Inc. boosted its holdings in shares of Sprouts Farmers Market by 19.4% in the 1st quarter. PNC Financial Services Group Inc. now owns 7,917 shares of the company’s stock valued at $147,000 after purchasing an additional 1,285 shares during the last quarter. Swiss National Bank boosted its holdings in shares of Sprouts Farmers Market by 1.4% in the 1st quarter. Swiss National Bank now owns 229,150 shares of the company’s stock valued at $4,260,000 after purchasing an additional 3,100 shares during the last quarter. IndexIQ Advisors LLC purchased a new stake in Sprouts Farmers Market during the 1st quarter worth $187,000. Finally, Mackay Shields LLC increased its stake in Sprouts Farmers Market by 17.3% during the 1st quarter. Mackay Shields LLC now owns 439,383 shares of the company’s stock worth $8,168,000 after buying an additional 64,838 shares during the period. 91.57% of the stock is owned by institutional investors.

A number of brokerages have recently weighed in on SFM. Bank of America upped their price target on shares of Sprouts Farmers Market from $18.00 to $20.00 and gave the stock an “underperform” rating in a research note on Wednesday, May 13th. BMO Capital Markets upped their price target on shares of Sprouts Farmers Market from $20.00 to $25.00 and gave the stock a “market perform” rating in a research note on Thursday, May 7th. Zacks Investment Research lowered shares of Sprouts Farmers Market from a “hold” rating to a “sell” rating and set a $16.00 price target for the company. in a research note on Tuesday, February 11th. Gordon Haskett raised shares of Sprouts Farmers Market from a “hold” rating to a “buy” rating in a research note on Monday, March 16th. Finally, JPMorgan Chase & Co. upped their price target on shares of Sprouts Farmers Market from $22.00 to $24.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 6th. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $22.92.

NASDAQ SFM opened at $24.29 on Friday. Sprouts Farmers Market Inc has a 12 month low of $13.00 and a 12 month high of $26.83. The company’s 50 day simple moving average is $21.70 and its 200 day simple moving average is $18.91. The company has a debt-to-equity ratio of 2.29, a current ratio of 0.97 and a quick ratio of 0.51. The company has a market capitalization of $2.89 billion, a P/E ratio of 15.51, a PEG ratio of 3.40 and a beta of 0.17.

Sprouts Farmers Market (NASDAQ:SFM) last released its quarterly earnings results on Tuesday, May 5th. The company reported $0.79 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.54 by $0.25. Sprouts Farmers Market had a net margin of 3.15% and a return on equity of 31.73%. The business had revenue of $1.65 billion for the quarter, compared to analyst estimates of $1.60 billion. During the same quarter in the previous year, the business earned $0.46 earnings per share. The firm’s revenue was up 16.5% compared to the same quarter last year. On average, analysts anticipate that Sprouts Farmers Market Inc will post 1.64 earnings per share for the current year.

In related news, Director Lawrence Molloy acquired 5,000 shares of the company’s stock in a transaction on Friday, March 13th. The shares were purchased at an average price of $13.05 per share, for a total transaction of $65,250.00. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Terri F. Graham sold 2,778 shares of the company’s stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $25.08, for a total transaction of $69,672.24. Following the completion of the transaction, the director now owns 26,753 shares in the company, valued at approximately $670,965.24. The disclosure for this sale can be found here. Insiders have sold 43,390 shares of company stock worth $1,000,983 in the last 90 days. 0.29% of the stock is owned by company insiders.

Sprouts Farmers Market Profile

Sprouts Farmers Market, Inc, a healthy grocery store, provides fresh, natural, and organic food products in the United States. Its stores offer fresh produce, bulk foods, vitamins and supplements, packaged groceries, meat and seafood, baked goods, dairy products, frozen foods, beer and wine, natural body care and household items.

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

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