Hamilton Lane Advisors adds Sprouts Farmers Market Inc (SFM) to its portfolio

Sprouts Farmers Market Inc (SFM) : Hamilton Lane Advisors added new position in Sprouts Farmers Market Inc during the most recent quarter end. The investment management firm now holds 793,195 shares of Sprouts Farmers Market Inc which is valued at $22,368,099 , the company said in a statement filed on Apr 13, 2016 with the SEC.Sprouts Farmers Market Inc makes up approximately 10.54% of Hamilton Lane Advisors’s portfolio.

Sprouts Farmers Market Inc closed down -0.23 points or -0.82% at $27.97 with 12,93,901 shares getting traded on Monday. Post opening the session at $28.06, the shares hit an intraday low of $27.54 and an intraday high of $28.092 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

Other Hedge Funds, Including , Kanaly Trust Co reduced its stake in SFM by selling 87 shares or 53.05% in the most recent quarter. The Hedge Fund company now holds 77 shares of SFM which is valued at $2,171.State Of Alaska Department Of Revenue boosted its stake in SFM in the latest quarter, The investment management firm added 4,357 additional shares and now holds a total of 6,163 shares of Sprouts Farmers Market Inc which is valued at $173,797. Sprouts Farmers Market Inc makes up approx 0.02% of State Of Alaska Department Of Revenue’s portfolio. Proficio Capital Partners added SFM to its portfolio by purchasing 26 company shares during the most recent quarter which is valued at $720.Creative Planning boosted its stake in SFM in the latest quarter, The investment management firm added 400 additional shares and now holds a total of 513 shares of Sprouts Farmers Market Inc which is valued at $14,205. Weaver C. Barksdale Associates added SFM to its portfolio by purchasing 494 company shares during the most recent quarter which is valued at $13,679. Sprouts Farmers Market Inc makes up approx 0.01% of Weaver C. Barksdale Associates’s portfolio.

On the company’s financial health, Sprouts Farmers Market Inc reported $0.18 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Feb 25, 2016. Analyst had a consensus of $0.16. The company had revenue of $930.30 million for the quarter, compared to analysts expectations of $911.02 million. The company’s revenue was up 26.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.12 EPS.

Many Wall Street Analysts have commented on Sprouts Farmers Market Inc. Company shares were Reiterated by Deutsche Bank on Mar 21, 2016 to “Buy”, Firm has raised the Price Target to $ 35 from a previous price target of $32 .Company shares were Reiterated by Stifel on Feb 26, 2016 to “Buy”, Firm has raised the Price Target to $ 31 from a previous price target of $27 .Stifel Initiated Sprouts Farmers Market Inc on Feb 12, 2016 to “Buy”, Price Target of the shares are set at $27.

Sprouts Farmers Market Inc. is a food retailer. The Company operates as a grocery store that offers natural and organic food including produce bulk foods vitamins and supplements grocery meat and seafood bakery dairy frozen foods body care and natural household items. As of February 26 2015 the Company operated 198 stores in 12 states. The Company’s product offerings focus on fresh natural and organic foods. It categorizes its products as perishable and non-perishable. Perishable product categories include produce meat seafood deli and bakery. Non-perishable product categories include grocery vitamins and supplements bulk items dairy and dairy alternatives frozen foods beer and wine and natural health and body care.

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