Sprouts Farmers Market Inc (SFM) : Argentus Capital Management reduced its stake in Sprouts Farmers Market Inc by 2.7% during the most recent quarter end. The investment management company now holds a total of 146,237 shares of Sprouts Farmers Market Inc which is valued at $3.7 Million after selling 4,054 shares in Sprouts Farmers Market Inc , the firm said in a disclosure report filed with the SEC on May 13, 2016.Sprouts Farmers Market Inc makes up approximately 1.33% of Argentus Capital Management’s portfolio.
Other Hedge Funds, Including , Vanguard Group Inc boosted its stake in SFM in the latest quarter, The investment management firm added 1,020,708 additional shares and now holds a total of 10,467,489 shares of Sprouts Farmers Market Inc which is valued at $264.5 Million. Sprouts Farmers Market Inc makes up approx 0.02% of Vanguard Group Inc’s portfolio. Summit Securities Group added SFM to its portfolio by purchasing 11,151 company shares during the most recent quarter which is valued at $281,786. Sprouts Farmers Market Inc makes up approx 0.20% of Summit Securities Group’s portfolio.Rehmann Capital Advisory Group boosted its stake in SFM in the latest quarter, The investment management firm added 343 additional shares and now holds a total of 7,948 shares of Sprouts Farmers Market Inc which is valued at $200,846. Sprouts Farmers Market Inc makes up approx 0.04% of Rehmann Capital Advisory Group’s portfolio. Thompson Davis sold out all of its stake in SFM during the most recent quarter. The investment firm sold 125 shares of SFM which is valued $3,276.Aperio Group reduced its stake in SFM by selling 12,621 shares or 30.31% in the most recent quarter. The Hedge Fund company now holds 29,018 shares of SFM which is valued at $814,535. Sprouts Farmers Market Inc makes up approx 0.01% of Aperio Group’s portfolio.
Sprouts Farmers Market Inc opened for trading at $24.45 and hit $25.12 on the upside on Wednesday, eventually ending the session at $24.92, with a gain of 2.47% or 0.6 points. The heightened volatility saw the trading volume jump to 22,06,792 shares. Company has a market cap of $3,757 M.
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. Sprouts Farmers Market Inc was Downgraded by Goldman to ” Sell” on May 10, 2016. 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 .
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 Companys 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.