OLD National Bancorp IN grew its stake in Sprouts Farmers Market Inc (NASDAQ:SFM) by 28.2% during the second quarter, Holdings Channel reports. The firm owned 16,413 shares of the company’s stock after purchasing an additional 3,607 shares during the period. OLD National Bancorp IN’s holdings in Sprouts Farmers Market were worth $310,000 as of its most recent SEC filing.
Several other hedge funds also recently bought and sold shares of the company. Clearbridge Investments LLC lifted its holdings in shares of Sprouts Farmers Market by 1.3% in the first quarter. Clearbridge Investments LLC now owns 3,674,551 shares of the company’s stock valued at $79,150,000 after purchasing an additional 47,837 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Sprouts Farmers Market by 4.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,763,323 shares of the company’s stock valued at $64,965,000 after acquiring an additional 130,215 shares during the last quarter. Victory Capital Management Inc. increased its position in shares of Sprouts Farmers Market by 4.2% during the first quarter. Victory Capital Management Inc. now owns 2,364,741 shares of the company’s stock valued at $50,936,000 after acquiring an additional 96,291 shares during the last quarter. Norges Bank purchased a new stake in shares of Sprouts Farmers Market during the fourth quarter valued at approximately $41,565,000. Finally, FMR LLC increased its position in shares of Sprouts Farmers Market by 18.4% during the first quarter. FMR LLC now owns 1,549,395 shares of the company’s stock valued at $33,375,000 after acquiring an additional 240,447 shares during the last quarter. Institutional investors own 98.63% of the company’s stock.
A number of brokerages recently commented on SFM. ValuEngine downgraded Sprouts Farmers Market from a “hold” rating to a “sell” rating in a research report on Saturday, June 22nd. Wells Fargo & Co decreased their price target on Sprouts Farmers Market from $23.00 to $20.00 and set a “positive” rating for the company in a research report on Friday, June 21st. Sanford C. Bernstein raised Sprouts Farmers Market from an “underperform” rating to a “market perform” rating and set a $23.00 price target for the company in a research report on Monday, June 24th. Oppenheimer downgraded Sprouts Farmers Market from an “outperform” rating to a “market perform” rating in a research report on Tuesday, July 23rd. Finally, Bank of America reaffirmed an “underperform” rating and set a $19.00 price target (down from $21.00) on shares of Sprouts Farmers Market in a research report on Wednesday, May 29th. Five equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and five have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $25.51.
Sprouts Farmers Market (NASDAQ:SFM) last released its earnings results on Thursday, August 1st. The company reported $0.30 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.31 by ($0.01). Sprouts Farmers Market had a return on equity of 26.41% and a net margin of 2.78%. The firm had revenue of $1.42 billion during the quarter, compared to analysts’ expectations of $1.45 billion. During the same period in the prior year, the business earned $0.32 earnings per share. The business’s quarterly revenue was up 7.2% compared to the same quarter last year. As a group, equities research analysts expect that Sprouts Farmers Market Inc will post 1.21 earnings per share for the current year.
Sprouts Farmers Market Company Profile
Sprouts Farmers Market, Inc, a healthy grocery store, provides fresh, natural, and organic food products in the United States. Its stores offer fresh produce, bulk foods, vitamins and supplements, packaged groceries, meat and seafood, baked goods, dairy products, frozen foods, beer and wine, natural body care and household items.
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