Bridgewater Wealth Financial Management adds Sprouts Farmers Market Inc (SFM) to its portfolio

Sprouts Farmers Market Inc (SFM) : Bridgewater Wealth Financial Management added new position in Sprouts Farmers Market Inc during the most recent quarter end. The investment management firm now holds 230,158 shares of Sprouts Farmers Market Inc which is valued at $5,351,174 , the company said in a statement filed on Aug 3, 2016 with the SEC.Sprouts Farmers Market Inc makes up approximately 1.90% of Bridgewater Wealth Financial Management’s portfolio.

Other Hedge Funds, Including , Swiss National Bank reduced its stake in SFM by selling 3,400 shares or 1.39% in the most recent quarter. The Hedge Fund company now holds 241,450 shares of SFM which is valued at $5,613,713. Sprouts Farmers Market Inc makes up approx 0.01% of Swiss National Bank’s portfolio. Advisory Services Network sold out all of its stake in SFM during the most recent quarter. The investment firm sold 280 shares of SFM which is valued $6,700.Carroll Financial Associates reduced its stake in SFM by selling 17 shares or 26.98% in the most recent quarter. The Hedge Fund company now holds 46 shares of SFM which is valued at $1,050.Capstone Asset Management Co boosted its stake in SFM in the latest quarter, The investment management firm added 1,400 additional shares and now holds a total of 18,490 shares of Sprouts Farmers Market Inc which is valued at $438,953. Sprouts Farmers Market Inc makes up approx 0.01% of Capstone Asset Management Co’s portfolio. Creative Planning sold out all of its stake in SFM during the most recent quarter. The investment firm sold 513 shares of SFM which is valued $12,179.

Sprouts Farmers Market Inc closed down -0.48 points or -2.09% at $22.52 with 24,13,060 shares getting traded on Monday. Post opening the session at $22.64, the shares hit an intraday low of $22.35 and an intraday high of $22.8492 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 $0.25 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Aug 4, 2016. Analyst had a consensus of $0.24. The company had revenue of $1031.60 million for the quarter, compared to analysts expectations of $1041.92 million. The company’s revenue was up 14.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.22 EPS.

Many Wall Street Analysts have commented on Sprouts Farmers Market Inc. Sprouts Farmers Market Inc was Downgraded by Northcoast to ” Neutral” on Aug 8, 2016. Sprouts Farmers Market Inc was Upgraded by Goldman to ” Buy” on Jul 26, 2016. JP Morgan Initiated Sprouts Farmers Market Inc on Jul 18, 2016 to “Neutral”, Price Target of the shares are set at $24.

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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