Pictet Asset Management Ltd. raised its stake in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 24.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 780,195 shares of the company’s stock after buying an additional 153,391 shares during the period. Pictet Asset Management Ltd.’s holdings in Sprouts Farmers Market were worth $18,694,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. 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 worth $126,000 after buying an additional 468 shares during the last quarter. Victory Capital Management Inc. purchased a new position in Sprouts Farmers Market during the first quarter worth about $152,000. Asset Management One Co. Ltd. purchased a new position in Sprouts Farmers Market during the first quarter worth about $161,000. Benjamin F. Edwards & Company Inc. raised its position in Sprouts Farmers Market by 2.8% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 7,355 shares of the company’s stock worth $170,000 after buying an additional 200 shares during the last quarter. Finally, First Quadrant L P CA raised its position in Sprouts Farmers Market by 16.3% in the second quarter. First Quadrant L P CA now owns 7,905 shares of the company’s stock worth $179,000 after buying an additional 1,105 shares during the last quarter. 86.88% of the stock is owned by institutional investors and hedge funds.

Shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) opened at 24.14 on Friday. The stock’s 50 day moving average is $23.59 and its 200-day moving average is $22.08. Sprouts Farmers Market, Inc. has a 12-month low of $17.38 and a 12-month high of $25.98. The firm has a market cap of $3.27 billion, a price-to-earnings ratio of 27.22 and a beta of 0.52.

Sprouts Farmers Market (NASDAQ:SFM) last announced its quarterly earnings results on Thursday, August 3rd. The company reported $0.29 earnings per share for the quarter, beating analysts’ consensus estimates of $0.25 by $0.04. The business had revenue of $1.18 billion for the quarter, compared to the consensus estimate 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 revenue for the quarter was up 14.8% on a year-over-year basis. During the same period last year, the company posted $0.25 EPS. On average, analysts anticipate that Sprouts Farmers Market, Inc. will post $0.93 EPS for the current fiscal year.

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SFM has been the subject of a number of analyst reports. Zacks Investment Research raised shares of Sprouts Farmers Market from a “hold” rating to a “buy” rating and set a $25.00 target price for the company in a research note on Thursday, April 27th. Gordon Haskett initiated coverage on shares of Sprouts Farmers Market in a research note on Tuesday, May 9th. They set an “accumulate” rating and a $27.00 target price for the company. Morgan Stanley lowered shares of Sprouts Farmers Market from an “overweight” rating to an “equal” rating and boosted their target price for the company from $21.00 to $23.00 in a research note on Thursday, June 15th. Wells Fargo & Company reissued a “buy” rating on shares of Sprouts Farmers Market in a research note on Friday, April 28th. Finally, Jefferies Group LLC set a $26.00 target price on shares of Sprouts Farmers Market and gave the company a “buy” rating in a research note on Monday, May 1st. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and fourteen have given a buy rating to the stock. Sprouts Farmers Market presently has a consensus rating of “Buy” and an average price target of $25.42.

In other Sprouts Farmers Market news, CEO Amin N. Maredia sold 13,448 shares of the firm’s stock in a transaction that occurred on Monday, July 3rd. The shares were sold at an average price of $22.71, for a total transaction of $305,404.08. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, COO James Leroy Nielsen sold 55,322 shares of the firm’s stock in a transaction that occurred on Thursday, May 25th. The stock was sold at an average price of $23.74, for a total transaction of $1,313,344.28. Following the sale, the chief operating officer now owns 152,430 shares in the company, valued at $3,618,688.20. The disclosure for this sale can be found here. Insiders have sold a total of 110,746 shares of company stock worth $2,638,027 over the last 90 days. Corporate insiders own 2.60% of the company’s stock.

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.

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

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