Meadow Creek Investment Management LLC increased its holdings in shares of Sprouts Farmers Market Inc (NASDAQ:SFM) by 3.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 293,524 shares of the company’s stock after buying an additional 9,968 shares during the period. Meadow Creek Investment Management LLC’s holdings in Sprouts Farmers Market were worth $5,545,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of SFM. Glen Harbor Capital Management LLC boosted its stake in Sprouts Farmers Market by 3.5% in the second quarter. Glen Harbor Capital Management LLC now owns 356,422 shares of the company’s stock valued at $6,733,000 after acquiring an additional 12,104 shares during the last quarter. Commonwealth Bank of Australia raised its position in shares of Sprouts Farmers Market by 108.8% during the 2nd quarter. Commonwealth Bank of Australia now owns 28,600 shares of the company’s stock valued at $540,000 after acquiring an additional 14,900 shares during the last quarter. Alambic Investment Management L.P. acquired a new position in shares of Sprouts Farmers Market in the 2nd quarter valued at $353,000. Tyers Asset Management LLC lifted its stake in shares of Sprouts Farmers Market by 3.5% in the 2nd quarter. Tyers Asset Management LLC now owns 167,728 shares of the company’s stock valued at $3,168,000 after purchasing an additional 5,696 shares during the period. Finally, Elkfork Partners LLC boosted its position in shares of Sprouts Farmers Market by 3.5% in the 2nd quarter. Elkfork Partners LLC now owns 230,626 shares of the company’s stock worth $4,356,000 after purchasing an additional 7,832 shares during the last quarter. 94.18% of the stock is owned by institutional investors and hedge funds.

SFM stock traded down $0.25 during midday trading on Wednesday, hitting $19.66. 37,721 shares of the company’s stock were exchanged, compared to its average volume of 1,288,328. The stock’s fifty day moving average price is $17.84 and its 200-day moving average price is $20.17. The company has a debt-to-equity ratio of 3.02, a quick ratio of 0.25 and a current ratio of 0.85. The company has a market cap of $2.23 billion, a PE ratio of 15.25, a price-to-earnings-growth ratio of 2.14 and a beta of 0.38. Sprouts Farmers Market Inc has a one year low of $16.46 and a one year high of $29.36.

Sprouts Farmers Market (NASDAQ:SFM) last announced its quarterly earnings results on Thursday, August 1st. The company reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.31 by ($0.01). The business had revenue of $1.42 billion during the quarter, compared to the consensus estimate of $1.45 billion. Sprouts Farmers Market had a return on equity of 26.10% and a net margin of 2.61%. The firm’s revenue was up 7.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.32 earnings per share. On average, analysts expect that Sprouts Farmers Market Inc will post 1.1 EPS for the current year.

SFM has been the subject of a number of analyst reports. Bank of America reaffirmed an “underperform” rating and set a $19.00 price objective (down from $21.00) on shares of Sprouts Farmers Market in a research note on Wednesday, May 29th. Northcoast Research raised Sprouts Farmers Market from a “neutral” rating to a “buy” rating and set a $22.00 target price on the stock in a research note on Thursday, August 15th. CIBC restated a “market perform” rating on shares of Sprouts Farmers Market in a report on Tuesday, July 23rd. BidaskClub upgraded Sprouts Farmers Market from a “strong sell” rating to a “sell” rating in a research report on Wednesday. Finally, Sanford C. Bernstein upgraded Sprouts Farmers Market from an “underperform” rating to a “market perform” rating and set a $23.00 target price for the company in a research report on Monday, June 24th. Six analysts have rated the stock with a sell rating, ten have given a hold rating and three have assigned a buy rating to the company. The company has an average rating of “Hold” and an average price target of $22.47.

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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