UBS Asset Management Americas Inc. Boosts Holdings in Sprouts Farmers Market, Inc. (SFM)

UBS Asset Management Americas Inc. raised its holdings in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 16.3% during the second quarter, according to its most recent filing with the SEC. The firm owned 126,516 shares of the company’s stock after purchasing an additional 17,687 shares during the period. UBS Asset Management Americas Inc. owned 0.09% of Sprouts Farmers Market worth $2,868,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. PNC Financial Services Group Inc. grew its position in shares of Sprouts Farmers Market by 9.4% in the 1st 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 shares of Sprouts Farmers Market in the 1st quarter worth approximately $152,000. Asset Management One Co. Ltd. purchased a new position in shares of Sprouts Farmers Market in the 1st quarter worth approximately $161,000. Benjamin F. Edwards & Company Inc. grew its position in shares of Sprouts Farmers Market by 2.3% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 7,525 shares of the company’s stock worth $171,000 after buying an additional 170 shares during the last quarter. Finally, First Quadrant L P CA grew its position in shares of Sprouts Farmers Market by 16.3% in the 2nd 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. 88.03% of the stock is currently owned by institutional investors and hedge funds.

In related news, CFO Bradley Lukow purchased 7,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 29th. The stock was purchased at an average cost of $19.80 per share, with a total value of $138,600.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Steven H. Townsend sold 15,000 shares of the stock in a transaction on Thursday, August 17th. The stock was sold at an average price of $24.42, for a total value of $366,300.00. The disclosure for this sale can be found here. 2.60% of the stock is owned by company insiders.

Sprouts Farmers Market (NASDAQ:SFM) last posted its quarterly earnings data on Thursday, August 3rd. The company reported $0.29 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.25 by $0.04. The business had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.17 billion. Sprouts Farmers Market had a return on equity of 18.79% and a net margin of 2.96%. The company’s revenue was up 14.8% compared to the same quarter last year. During the same period in the prior year, the company earned $0.25 earnings per share.

A number of analysts recently commented on SFM shares. 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 issued a $28.00 target price on shares of Sprouts Farmers Market in a research note on Friday, June 30th. Jefferies Group LLC reiterated a “buy” rating and issued a $25.00 target price (down from $26.00) on shares of Sprouts Farmers Market in a research note on Friday, June 23rd. 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 given a hold rating and ten have assigned a buy rating to the stock. Sprouts Farmers Market has a consensus rating of “Hold” and a consensus target price of $25.00.

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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.

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

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