Capital Innovations LLC Purchases New Holdings in Sprouts Farmers Market, Inc. (SFM)

Capital Innovations LLC purchased a new stake in Sprouts Farmers Market, Inc. (NASDAQ:SFM) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 21,000 shares of the company’s stock, valued at approximately $476,000. Sprouts Farmers Market accounts for about 1.8% of Capital Innovations LLC’s holdings, making the stock its 22nd largest holding.

A number of other hedge funds and other institutional investors have also bought and sold shares of SFM. Capstone Asset Management Co. raised its stake in shares of Sprouts Farmers Market by 0.9% during the second quarter. Capstone Asset Management Co. now owns 13,670 shares of the company’s stock valued at $310,000 after purchasing an additional 120 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in shares of Sprouts Farmers Market by 0.7% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 18,862 shares of the company’s stock valued at $428,000 after purchasing an additional 123 shares during the period. Benjamin F. Edwards & Company Inc. raised its stake in shares of Sprouts Farmers Market by 2.3% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 7,525 shares of the company’s stock valued at $171,000 after purchasing an additional 170 shares during the period. World Asset Management Inc raised its stake in shares of Sprouts Farmers Market by 2.4% during the second quarter. World Asset Management Inc now owns 9,284 shares of the company’s stock valued at $210,000 after purchasing an additional 221 shares during the period. Finally, Mutual of America Capital Management LLC raised its stake in shares of Sprouts Farmers Market by 0.4% during the second quarter. Mutual of America Capital Management LLC now owns 104,878 shares of the company’s stock valued at $2,378,000 after purchasing an additional 376 shares during the period. Hedge funds and other institutional investors own 88.03% of the company’s stock.

Shares of Sprouts Farmers Market, Inc. (NASDAQ SFM) traded up 1.32% during mid-day trading on Tuesday, hitting $18.36. 625,049 shares of the company were exchanged. The stock has a market cap of $2.49 billion, a PE ratio of 20.70 and a beta of 0.54. Sprouts Farmers Market, Inc. has a 12-month low of $17.38 and a 12-month high of $25.98. The stock’s 50-day moving average price is $19.80 and its 200 day moving average price is $22.48.

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

In other news, insider Brandon F. Lombardi sold 20,000 shares of the company’s stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $24.34, for a total transaction of $486,800.00. Following the completion of the transaction, the insider now directly owns 73,761 shares in the company, valued at $1,795,342.74. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Daniel Bruni purchased 15,000 shares of the business’s stock in a transaction dated Friday, September 15th. The shares were acquired at an average price of $19.00 per share, with a total value of $285,000.00. The disclosure for this purchase can be found here. 2.60% of the stock is owned by insiders.

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SFM has been the topic of a number of analyst reports. TheStreet upgraded shares of Sprouts Farmers Market from a “c+” rating to a “b-” rating in a research note on Tuesday, July 25th. BidaskClub upgraded shares of Sprouts Farmers Market from a “hold” rating to a “buy” rating in a research note on Wednesday, July 12th. Royal Bank Of Canada reiterated a “buy” rating and set a $28.00 price objective on shares of Sprouts Farmers Market in a research note on Friday, June 30th. Jefferies Group LLC set a $26.00 price objective on shares of Sprouts Farmers Market and gave the company a “buy” rating in a research note on Wednesday, June 14th. Finally, Wells Fargo & Company reiterated a “buy” rating on shares of Sprouts Farmers Market in a research note on Thursday, August 3rd. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and ten have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $25.00.

About Sprouts Farmers Market

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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