QRG Capital Management Inc. Buys 367 Shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM)

QRG Capital Management Inc. raised its position in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 6.7% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,844 shares of the company’s stock after acquiring an additional 367 shares during the period. QRG Capital Management Inc.’s holdings in Sprouts Farmers Market were worth $489,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in SFM. Rise Advisors LLC acquired a new stake in Sprouts Farmers Market in the 1st quarter worth about $26,000. Blue Bell Private Wealth Management LLC bought a new stake in shares of Sprouts Farmers Market in the first quarter valued at approximately $36,000. Bank Julius Baer & Co. Ltd Zurich acquired a new stake in Sprouts Farmers Market during the fourth quarter worth approximately $38,000. GAMMA Investing LLC bought a new position in Sprouts Farmers Market during the 4th quarter worth $43,000. Finally, ICA Group Wealth Management LLC acquired a new position in Sprouts Farmers Market in the 4th quarter valued at $53,000.

Wall Street Analyst Weigh In

SFM has been the topic of several analyst reports. UBS Group raised their price target on Sprouts Farmers Market from $68.00 to $94.00 and gave the stock a “neutral” rating in a research report on Friday, June 28th. Evercore ISI upped their price target on shares of Sprouts Farmers Market from $84.00 to $96.00 and gave the stock an “in-line” rating in a report on Tuesday, July 30th. Bank of America boosted their price objective on shares of Sprouts Farmers Market from $84.00 to $100.00 and gave the company a “buy” rating in a research report on Tuesday, July 30th. Wells Fargo & Company raised Sprouts Farmers Market from an “underweight” rating to an “equal weight” rating and raised their target price for the company from $62.00 to $90.00 in a report on Tuesday, July 30th. Finally, The Goldman Sachs Group boosted their price target on Sprouts Farmers Market from $89.00 to $111.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. Eight equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, Sprouts Farmers Market has an average rating of “Hold” and an average target price of $93.38.

Sprouts Farmers Market Trading Down 0.1 %

Shares of SFM stock opened at $96.18 on Tuesday. Sprouts Farmers Market, Inc. has a twelve month low of $37.16 and a twelve month high of $103.80. The stock’s fifty day simple moving average is $84.03 and its 200 day simple moving average is $71.32. The company has a quick ratio of 0.44, a current ratio of 1.03 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $9.66 billion, a P/E ratio of 33.17, a P/E/G ratio of 2.70 and a beta of 0.55.

Sprouts Farmers Market (NASDAQ:SFM) last released its quarterly earnings results on Monday, July 29th. The company reported $0.94 earnings per share for the quarter, topping the consensus estimate of $0.78 by $0.16. The company had revenue of $1.90 billion for the quarter, compared to analysts’ expectations of $1.84 billion. Sprouts Farmers Market had a return on equity of 27.53% and a net margin of 4.52%. The business’s quarterly revenue was up 12.3% compared to the same quarter last year. During the same period in the previous year, the business posted $0.71 earnings per share. As a group, sell-side analysts predict that Sprouts Farmers Market, Inc. will post 3.37 EPS for the current fiscal year.

Insider Buying and Selling

In other news, VP Stacy W. Hilgendorf sold 1,904 shares of the stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $101.12, for a total value of $192,532.48. Following the completion of the sale, the vice president now owns 10,237 shares of the company’s stock, valued at $1,035,165.44. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, VP Stacy W. Hilgendorf sold 1,904 shares of the stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $101.12, for a total transaction of $192,532.48. Following the completion of the sale, the vice president now directly owns 10,237 shares in the company, valued at $1,035,165.44. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Joe Fortunato sold 5,000 shares of Sprouts Farmers Market stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $78.48, for a total transaction of $392,400.00. Following the transaction, the director now directly owns 52,966 shares of the company’s stock, valued at approximately $4,156,771.68. The disclosure for this sale can be found here. Insiders have sold a total of 109,596 shares of company stock valued at $10,509,596 over the last 90 days. 1.10% of the stock is owned by insiders.

Sprouts Farmers Market Profile

Sprouts Farmers Market, Inc, together with its subsidiaries, engages in the retailing of fresh, natural, and organic food products under the Sprouts brand in the United States. It offers perishable product categories, including fresh produce, meat and meat alternatives, seafood, deli, bakery, floral, and dairy and dairy alternatives; and non-perishable product categories, such as grocery, vitamins and supplements, bulk items, frozen foods, beer and wine, and natural health and body care.