Bank of New York Mellon Corp increased its position in Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 26.6% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 3,421,148 shares of the company’s stock after buying an additional 719,381 shares during the period. Bank of New York Mellon Corp owned about 2.49% of Sprouts Farmers Market worth $77,557,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the company. Capstone Asset Management Co. raised its position in Sprouts Farmers Market by 0.9% in the second quarter. Capstone Asset Management Co. now owns 13,670 shares of the company’s stock valued at $310,000 after buying an additional 120 shares during the last quarter. Benjamin F. Edwards & Company Inc. raised its position in Sprouts Farmers Market by 2.3% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 7,525 shares of the company’s stock valued at $171,000 after buying an additional 170 shares during the last quarter. World Asset Management Inc raised its position in Sprouts Farmers Market by 2.4% in the second quarter. World Asset Management Inc now owns 9,284 shares of the company’s stock valued at $210,000 after buying an additional 221 shares during the last quarter. PNC Financial Services Group Inc. raised its position in Sprouts Farmers Market by 9.4% in the first quarter. PNC Financial Services Group Inc. now owns 5,460 shares of the company’s stock valued at $126,000 after buying an additional 468 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund raised its position in Sprouts Farmers Market by 1.2% in the first quarter. Oregon Public Employees Retirement Fund now owns 48,887 shares of the company’s stock valued at $1,130,000 after buying an additional 600 shares during the last quarter. 88.09% of the stock is owned by institutional investors.

Shares of Sprouts Farmers Market, Inc. (NASDAQ SFM) opened at 19.72 on Tuesday. The stock has a market cap of $2.67 billion, a P/E ratio of 22.23 and a beta of 0.52. Sprouts Farmers Market, Inc. has a 12 month low of $17.38 and a 12 month high of $25.98. The stock has a 50 day moving average price of $23.91 and a 200 day moving average price of $22.43.

Sprouts Farmers Market (NASDAQ:SFM) last issued its earnings results on Thursday, August 3rd. The company reported $0.29 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.25 by $0.04. The company had revenue of $1.18 billion for the quarter, compared to analysts’ expectations of $1.17 billion. Sprouts Farmers Market had a net margin of 2.96% and a return on equity of 18.79%. Sprouts Farmers Market’s quarterly revenue was up 14.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.25 EPS. Equities analysts anticipate that Sprouts Farmers Market, Inc. will post $0.93 EPS for the current fiscal year.

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Several equities analysts recently commented on the company. BMO Capital Markets set a $24.00 target price on Sprouts Farmers Market and gave the company a “hold” rating in a research note on Saturday, June 10th. Morgan Stanley lowered Sprouts Farmers Market from an “overweight” rating to an “equal” rating and upped their target price for the company from $21.00 to $23.00 in a research note on Thursday, June 15th. Jefferies Group LLC set a $26.00 target price on Sprouts Farmers Market and gave the company a “buy” rating in a research note on Wednesday, June 14th. TheStreet upgraded Sprouts Farmers Market from a “c+” rating to a “b-” rating in a research note on Tuesday, July 25th. Finally, Deutsche Bank AG reiterated a “hold” rating and issued a $24.00 target price (up from $22.00) on shares of Sprouts Farmers Market in a research note on Wednesday, August 9th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and twelve have given a buy rating to the company’s stock. Sprouts Farmers Market presently has an average rating of “Hold” and an average price target of $25.42.

In other news, COO Dan J. Sanders sold 21,976 shares of the company’s stock in a transaction dated Thursday, June 1st. The shares were sold at an average price of $24.23, for a total value of $532,478.48. Following the sale, the chief operating officer now directly owns 36,771 shares of the company’s stock, valued at approximately $890,961.33. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Steven H. Townsend sold 15,000 shares of the company’s stock in a transaction dated Thursday, August 17th. The shares were sold at an average price of $24.42, for a total transaction of $366,300.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 70,424 shares of company stock worth $1,690,983. 2.60% of the stock is owned by insiders.

Sprouts Farmers Market Company Profile

Sprouts Farmers Market, Inc is a food retailer. The Company operates as a grocery store that offers fresh, natural and organic food that includes fresh produce, bulk foods, vitamins and supplements, packaged groceries, meat and seafood, deli, baked goods, dairy products, frozen foods, body care and natural household items catering to consumers’ interest in health and wellness.

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

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