Oliver Luxxe Assets Exits Position in Sprouts Farmers Market Inc (SFM)

Sprouts Farmers Market Inc (SFM) : Oliver Luxxe Assets has sold out all of its stake in Sprouts Farmers Market Inc during the most recent quarter, according to the disclosure filed by the company on Oct 7, 2016 with the SEC. The investment management company has sold out 15,299 shares of Sprouts Farmers Market Inc which is valued at $323,421.

Other Hedge Funds, Including , Advisory Services Network added SFM to its portfolio by purchasing 2,488 company shares during the most recent quarter which is valued at $52,596. Sprouts Farmers Market Inc makes up approx 0.01% of Advisory Services Network’s portfolio.Independent Portfolio Consultants boosted its stake in SFM in the latest quarter, The investment management firm added 3,585 additional shares and now holds a total of 8,255 shares of Sprouts Farmers Market Inc which is valued at $169,888. Sprouts Farmers Market Inc makes up approx 0.05% of Independent Portfolio Consultants’s portfolio.Bnp Paribas Arbitrage Sa reduced its stake in SFM by selling 42,965 shares or 54.78% in the most recent quarter. The Hedge Fund company now holds 35,468 shares of SFM which is valued at $729,931. Harbour Capital Advisors added SFM to its portfolio by purchasing 26,025 company shares during the most recent quarter which is valued at $535,595. Sprouts Farmers Market Inc makes up approx 0.29% of Harbour Capital Advisors’s portfolio.

Sprouts Farmers Market Inc closed down -0.16 points or -0.75% at $21.14 with 21,11,887 shares getting traded on Friday. Post opening the session at $21.24, the shares hit an intraday low of $20.85 and an intraday high of $21.3999 and the price fluctuated in this range throughout the day.Shares ended Friday 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. Jefferies Upgraded Sprouts Farmers Market Inc on Sep 30, 2016 to ” Buy”, Price Target of the shares are set at $24.Shares were Reiterated by RBC Capital Mkts on Sep 9, 2016 to “Outperform” and Lowered the Price Target to $ 31 from a previous price target of $33 .Sprouts Farmers Market Inc was Downgraded by Northcoast to ” Neutral” on Aug 8, 2016.

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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