Wells Fargo & Company MN Boosts Stake in Sprouts Farmers Market Inc (SFM)

Wells Fargo & Company MN grew its stake in shares of Sprouts Farmers Market Inc (NASDAQ:SFM) by 171.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 677,408 shares of the company’s stock after acquiring an additional 427,528 shares during the period. Wells Fargo & Company MN owned about 0.51% of Sprouts Farmers Market worth $12,715,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of SFM. Advisory Services Network LLC lifted its position in shares of Sprouts Farmers Market by 1,093.0% during the 2nd quarter. Advisory Services Network LLC now owns 5,309 shares of the company’s stock valued at $120,000 after acquiring an additional 4,864 shares during the period. Victory Capital Management Inc. lifted its position in shares of Sprouts Farmers Market by 17.6% during the 2nd quarter. Victory Capital Management Inc. now owns 7,739 shares of the company’s stock valued at $175,000 after acquiring an additional 1,161 shares during the period. Harvest Management LLC acquired a new position in shares of Sprouts Farmers Market during the 3rd quarter worth approximately $188,000. Seven Eight Capital LP acquired a new position in shares of Sprouts Farmers Market during the 2nd quarter worth approximately $193,000. Finally, Sadoff Investment Management LLC acquired a new position in shares of Sprouts Farmers Market during the 3rd quarter worth approximately $223,000. Institutional investors own 89.68% of the company’s stock.

In other news, insider Theodore Edward Frumkin II sold 36,667 shares of the business’s stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $23.93, for a total transaction of $877,441.31. Following the completion of the sale, the insider now directly owns 58,912 shares of the company’s stock, valued at approximately $1,409,764.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO James Leroy Nielsen sold 110,000 shares of the business’s stock in a transaction on Friday, December 1st. The shares were sold at an average price of $23.17, for a total transaction of $2,548,700.00. Following the sale, the chief operating officer now directly owns 207,108 shares of the company’s stock, valued at $4,798,692.36. The disclosure for this sale can be found here. 2.60% of the stock is currently owned by insiders.

Several brokerages recently issued reports on SFM. Royal Bank of Canada set a $28.00 price objective on Sprouts Farmers Market and gave the stock a “buy” rating in a research report on Monday, October 30th. Goldman Sachs Group restated a “sell” rating and set a $18.00 price objective on shares of Sprouts Farmers Market in a research report on Tuesday, November 14th. BidaskClub upgraded Sprouts Farmers Market from a “buy” rating to a “strong-buy” rating in a research report on Friday. UBS Group set a $25.00 price objective on Sprouts Farmers Market and gave the stock a “buy” rating in a research report on Monday, October 30th. Finally, Northcoast Research upgraded Sprouts Farmers Market from a “neutral” rating to a “buy” rating in a research report on Monday, November 20th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company. Sprouts Farmers Market presently has an average rating of “Buy” and an average target price of $24.28.

Shares of Sprouts Farmers Market Inc (SFM) opened at $24.85 on Friday. The company has a market cap of $3,320.00, a P/E ratio of 25.62, a price-to-earnings-growth ratio of 2.21 and a beta of 0.67. The company has a quick ratio of 0.23, a current ratio of 1.00 and a debt-to-equity ratio of 0.77. Sprouts Farmers Market Inc has a 12 month low of $17.38 and a 12 month high of $25.98.

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

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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.

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

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