Quantbot Technologies LP Purchases New Holdings in Sprouts Farmers Market, Inc. (SFM)

Quantbot Technologies LP purchased a new position in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 98,410 shares of the company’s stock, valued at approximately $1,847,000. Quantbot Technologies LP owned 0.07% of Sprouts Farmers Market as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Farr Miller & Washington LLC DC boosted its holdings in shares of Sprouts Farmers Market by 0.9% during the second quarter. Farr Miller & Washington LLC DC now owns 1,283,474 shares of the company’s stock worth $29,096,000 after purchasing an additional 11,722 shares during the period. Northern Trust Corp lifted its stake in Sprouts Farmers Market by 1.2% in the second quarter. Northern Trust Corp now owns 1,127,869 shares of the company’s stock valued at $25,568,000 after acquiring an additional 13,641 shares during the last quarter. AGF Investments America Inc. lifted its stake in Sprouts Farmers Market by 23.2% in the second quarter. AGF Investments America Inc. now owns 182,658 shares of the company’s stock valued at $4,141,000 after acquiring an additional 34,437 shares during the last quarter. Royal Bank of Canada lifted its stake in Sprouts Farmers Market by 67.3% in the second quarter. Royal Bank of Canada now owns 136,168 shares of the company’s stock valued at $3,086,000 after acquiring an additional 54,787 shares during the last quarter. Finally, Blair William & Co. IL lifted its stake in Sprouts Farmers Market by 23.1% in the second quarter. Blair William & Co. IL now owns 165,984 shares of the company’s stock valued at $3,763,000 after acquiring an additional 31,103 shares during the last quarter. Institutional investors and hedge funds own 88.87% of the company’s stock.

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In other Sprouts Farmers Market news, insider Daniel Bruni purchased 15,000 shares of the stock in a transaction on Friday, September 15th. The shares were purchased at an average price of $19.00 per share, with a total value of $285,000.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Bradley Lukow purchased 7,000 shares of the stock in a transaction on Tuesday, August 29th. The stock was acquired at an average cost of $19.80 per share, for a total transaction of $138,600.00. The disclosure for this purchase can be found here. Insiders own 2.60% of the company’s stock.

Shares of Sprouts Farmers Market, Inc. (NASDAQ SFM) traded up $0.32 during mid-day trading on Friday, reaching $20.69. 1,947,626 shares of the company were exchanged, compared to its average volume of 2,943,167. Sprouts Farmers Market, Inc. has a fifty-two week low of $17.38 and a fifty-two week high of $25.98. The company has a market capitalization of $2,730.00, a price-to-earnings ratio of 21.23, a P/E/G ratio of 1.83 and a beta of 0.54. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.00 and a quick ratio of 0.23.

Sprouts Farmers Market (NASDAQ:SFM) last announced its earnings results on Thursday, November 2nd. The company reported $0.23 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.18 by $0.05. Sprouts Farmers Market had a net margin of 3.01% and a return on equity of 21.00%. The business had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.18 billion. During the same quarter in the previous year, the firm posted $0.16 earnings per share. Sprouts Farmers Market’s revenue was up 16.4% compared to the same quarter last year. equities analysts anticipate that Sprouts Farmers Market, Inc. will post 0.99 EPS for the current fiscal year.

A number of research firms have issued reports on SFM. BidaskClub upgraded shares of Sprouts Farmers Market from a “sell” rating to a “hold” rating in a research note on Wednesday. The Goldman Sachs Group, Inc. reiterated a “sell” rating and issued a $18.00 target price on shares of Sprouts Farmers Market in a research note on Tuesday. Wolfe Research upgraded shares of Sprouts Farmers Market to an “outperform” rating in a research note on Thursday, November 9th. Zacks Investment Research upgraded shares of Sprouts Farmers Market from a “hold” rating to a “buy” rating and set a $23.00 target price for the company in a research note on Saturday, November 4th. Finally, BMO Capital Markets lifted their target price on shares of Sprouts Farmers Market from $20.00 to $22.00 and gave the company a “market perform” rating in a research note on Friday, November 3rd. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and twelve have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $24.28.

Sprouts Farmers Market 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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