Rail-splitter Capital Management buys $13,700,884 stake in Sprouts Farmers Market Inc (SFM)

Sprouts Farmers Market Inc (SFM) : Rail-splitter Capital Management scooped up 48,097 additional shares in Sprouts Farmers Market Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 2, 2016. The investment management firm now holds a total of 522,735 shares of Sprouts Farmers Market Inc which is valued at $13,700,884.Sprouts Farmers Market Inc makes up approximately 3.46% of Rail-splitter Capital Management’s portfolio.

Sprouts Farmers Market Inc opened for trading at $25.73 and hit $26.28 on the upside on Friday, eventually ending the session at $26.21, with a gain of 2.86% or 0.73 points. The heightened volatility saw the trading volume jump to 38,56,714 shares. Company has a market cap of $3,951 M.

Other Hedge Funds, Including , Rhumbline Advisers boosted its stake in SFM in the latest quarter, The investment management firm added 107,490 additional shares and now holds a total of 247,221 shares of Sprouts Farmers Market Inc which is valued at $6,479,662. Sprouts Farmers Market Inc makes up approx 0.02% of Rhumbline Advisers’s portfolio.Russell Frank Co boosted its stake in SFM in the latest quarter, The investment management firm added 48,598 additional shares and now holds a total of 57,665 shares of Sprouts Farmers Market Inc which is valued at $1,618,657. Nordea Investment Management Ab sold out all of its stake in SFM during the most recent quarter. The investment firm sold 5,503 shares of SFM which is valued $154,469. Pggm Investments added SFM to its portfolio by purchasing 294,978 company shares during the most recent quarter which is valued at $8,185,640. Sprouts Farmers Market Inc makes up approx 0.04% of Pggm Investments’s portfolio.

On the company’s financial health, Sprouts Farmers Market Inc reported $0.30 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on May 5, 2016. Analyst had a consensus of $0.29. The company had revenue of $993.20 million for the quarter, compared to analysts expectations of $1011.40 million. The company’s revenue was up 15.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.25 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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