Stillwater Investment Management buys $16 Million stake in Sprouts Farmers Market Inc (SFM)

Sprouts Farmers Market Inc (SFM) : Stillwater Investment Management scooped up 268,500 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 11, 2016. The investment management firm now holds a total of 632,300 shares of Sprouts Farmers Market Inc which is valued at $16 Million.Sprouts Farmers Market Inc makes up approximately 7.79% of Stillwater Investment Management’s portfolio.

Other Hedge Funds, Including , Uss Investment Management Ltd sold out all of its stake in SFM during the most recent quarter. The investment firm sold 2,073,647 shares of SFM which is valued $52.4 Million.Blackrock Advisors boosted its stake in SFM in the latest quarter, The investment management firm added 19,830 additional shares and now holds a total of 606,029 shares of Sprouts Farmers Market Inc which is valued at $15.3 Million. Sprouts Farmers Market Inc makes up approx 0.02% of Blackrock Advisors’s portfolio.Norges Bank boosted its stake in SFM in the latest quarter, The investment management firm added 83,357 additional shares and now holds a total of 849,170 shares of Sprouts Farmers Market Inc which is valued at $21.5 Million. Sprouts Farmers Market Inc makes up approx 0.01% of Norges Bank’s portfolio. State Treasurer State Of Michigan added SFM to its portfolio by purchasing 56,400 company shares during the most recent quarter which is valued at $1.5 Million. Sprouts Farmers Market Inc makes up approx 0.01% of State Treasurer State Of Michigan’s portfolio. Nationwide Fund Advisors added SFM to its portfolio by purchasing 233,518 company shares during the most recent quarter which is valued at $6.1 Million. Sprouts Farmers Market Inc makes up approx 0.03% of Nationwide Fund Advisors’s portfolio.

Sprouts Farmers Market Inc closed down -0.38 points or -1.50% at $24.89 with 38,67,891 shares getting traded on Monday. Post opening the session at $25.42, the shares hit an intraday low of $24.63 and an intraday high of $25.62 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

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 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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