Bank of Montreal Can lowered its stake in Sprouts Farmers Market Inc (NASDAQ:SFM) by 85.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,766 shares of the company’s stock after selling 33,022 shares during the period. Bank of Montreal Can’s holdings in Sprouts Farmers Market were worth $133,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently bought and sold shares of the company. Ladenburg Thalmann Financial Services Inc. raised its position in Sprouts Farmers Market by 6.7% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 6,216 shares of the company’s stock valued at $119,000 after buying an additional 390 shares during the last quarter. Envestnet Asset Management Inc. raised its position in Sprouts Farmers Market by 4.0% in the fourth quarter. Envestnet Asset Management Inc. now owns 9,443 shares of the company’s stock valued at $179,000 after buying an additional 363 shares during the last quarter. Brown Advisory Inc. raised its position in Sprouts Farmers Market by 13.5% in the fourth quarter. Brown Advisory Inc. now owns 11,350 shares of the company’s stock valued at $215,000 after buying an additional 1,350 shares during the last quarter. Baird Financial Group Inc. raised its position in Sprouts Farmers Market by 9.2% in the fourth quarter. Baird Financial Group Inc. now owns 12,419 shares of the company’s stock valued at $235,000 after buying an additional 1,044 shares during the last quarter. Finally, Numeric Investors LLC purchased a new position in Sprouts Farmers Market during the fourth quarter valued at about $280,000. 91.08% of the stock is currently owned by hedge funds and other institutional investors.
Sprouts Farmers Market Inc (NASDAQ:SFM) opened at 24.79 on Friday. The stock has a market cap of $3.41 billion, a P/E ratio of 29.13 and a beta of 0.58. Sprouts Farmers Market Inc has a 12-month low of $17.38 and a 12-month high of $24.90. The stock has a 50 day moving average price of $23.52 and a 200-day moving average price of $21.08.
Sprouts Farmers Market (NASDAQ:SFM) last posted its earnings results on Thursday, May 4th. The company reported $0.33 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.29 by $0.04. The company had revenue of $1.13 billion during the quarter, compared to analyst estimates of $1.11 billion. Sprouts Farmers Market had a return on equity of 28.20% and a net margin of 4.09%. The business’s revenue was up 13.8% compared to the same quarter last year. During the same period in the prior year, the company earned $0.30 earnings per share. On average, equities analysts expect that Sprouts Farmers Market Inc will post $0.91 earnings per share for the current year.
SFM has been the topic of several recent research reports. Gordon Haskett initiated coverage on Sprouts Farmers Market in a report on Tuesday, May 9th. They set an “accumulate” rating and a $27.00 price target on the stock. TheStreet upgraded Sprouts Farmers Market from a “c+” rating to a “b-” rating in a report on Friday, May 5th. Wells Fargo & Co restated a “buy” rating on shares of Sprouts Farmers Market in a report on Thursday, February 23rd. BMO Capital Markets restated a “buy” rating on shares of Sprouts Farmers Market in a report on Wednesday, February 22nd. Finally, Royal Bank of Canada restated a “buy” rating on shares of Sprouts Farmers Market in a report on Wednesday, March 15th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and thirteen have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $25.16.
In other Sprouts Farmers Market news, insider Brandon F. Lombardi sold 28,500 shares of the company’s stock in a transaction that occurred on Thursday, May 11th. The stock was sold at an average price of $24.20, for a total value of $689,700.00. Following the completion of the sale, the insider now directly owns 82,261 shares in the company, valued at $1,990,716.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Amin N. Maredia sold 10,043 shares of the company’s stock in a transaction that occurred on Monday, April 3rd. The stock was sold at an average price of $23.01, for a total value of $231,089.43. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 115,841 shares of company stock valued at $2,766,612. 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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