First Trust Advisors LP increased its position in shares of Sprouts Farmers Market Inc (NASDAQ:SFM) by 16.8% in the first quarter, Holdings Channel.com reports. The firm owned 602,933 shares of the company’s stock after purchasing an additional 86,570 shares during the quarter. First Trust Advisors LP’s holdings in Sprouts Farmers Market were worth $11,209,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. FIL Ltd boosted its position in Sprouts Farmers Market by 30.8% in the 4th quarter. FIL Ltd now owns 840,045 shares of the company’s stock valued at $16,255,000 after buying an additional 197,986 shares during the period. American International Group Inc. raised its holdings in shares of Sprouts Farmers Market by 0.6% in the 4th quarter. American International Group Inc. now owns 228,420 shares of the company’s stock valued at $4,420,000 after purchasing an additional 1,392 shares in the last quarter. Brinker Capital Inc. raised its holdings in shares of Sprouts Farmers Market by 42.9% in the 1st quarter. Brinker Capital Inc. now owns 15,518 shares of the company’s stock valued at $288,000 after purchasing an additional 4,658 shares in the last quarter. Credit Suisse AG raised its holdings in shares of Sprouts Farmers Market by 206.7% in the 4th quarter. Credit Suisse AG now owns 272,711 shares of the company’s stock valued at $5,278,000 after purchasing an additional 183,793 shares in the last quarter. Finally, California Public Employees Retirement System raised its holdings in shares of Sprouts Farmers Market by 9.5% in the 4th quarter. California Public Employees Retirement System now owns 276,777 shares of the company’s stock valued at $5,356,000 after purchasing an additional 24,096 shares in the last quarter. 91.57% of the stock is owned by institutional investors.

In other Sprouts Farmers Market news, insider Dan J. Sanders sold 5,506 shares of Sprouts Farmers Market stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $16.58, for a total transaction of $91,289.48. Following the completion of the sale, the insider now directly owns 39,142 shares in the company, valued at $648,974.36. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Dan J. Sanders sold 34,454 shares of Sprouts Farmers Market stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $24.06, for a total transaction of $828,963.24. Following the sale, the insider now owns 48,659 shares of the company’s stock, valued at $1,170,735.54. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 43,390 shares of company stock valued at $1,000,983. 0.29% of the stock is owned by company insiders.

Several research analysts recently commented on the stock. Credit Suisse Group boosted their price objective on shares of Sprouts Farmers Market from $18.00 to $22.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 6th. Zacks Investment Research lowered shares of Sprouts Farmers Market from a “hold” rating to a “sell” rating and set a $16.00 price target on the stock. in a research note on Tuesday, February 11th. BMO Capital Markets upped their price target on shares of Sprouts Farmers Market from $20.00 to $25.00 and gave the company a “market perform” rating in a research note on Thursday, May 7th. Bank of America upped their price target on shares of Sprouts Farmers Market from $18.00 to $20.00 and gave the company an “underperform” rating in a research note on Wednesday, May 13th. Finally, Gordon Haskett raised shares of Sprouts Farmers Market from a “hold” rating to a “buy” rating in a report on Monday, March 16th. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the company’s stock. Sprouts Farmers Market has an average rating of “Hold” and a consensus price target of $22.92.

Sprouts Farmers Market stock opened at $24.51 on Friday. Sprouts Farmers Market Inc has a 12-month low of $13.00 and a 12-month high of $26.83. The stock has a market cap of $2.98 billion, a P/E ratio of 15.61, a PEG ratio of 3.51 and a beta of 0.17. The company has a 50-day moving average price of $21.58 and a 200 day moving average price of $18.89. The company has a current ratio of 0.97, a quick ratio of 0.51 and a debt-to-equity ratio of 2.29.

Sprouts Farmers Market (NASDAQ:SFM) last released its quarterly earnings data on Tuesday, May 5th. The company reported $0.79 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 firm had revenue of $1.65 billion during the quarter, compared to analysts’ expectations of $1.60 billion. During the same period last year, the business earned $0.46 earnings per share. Sprouts Farmers Market’s revenue was up 16.5% compared to the same quarter last year. As a group, analysts forecast that Sprouts Farmers Market Inc will post 1.64 EPS for the current year.

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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