NN Investment Partners Holdings N.V. Invests $527,000 in Sprouts Farmers Market Inc (NASDAQ:SFM)

NN Investment Partners Holdings N.V. purchased a new position in shares of Sprouts Farmers Market Inc (NASDAQ:SFM) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 20,600 shares of the company’s stock, valued at approximately $527,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Cerebellum GP LLC acquired a new stake in shares of Sprouts Farmers Market during the 2nd quarter worth approximately $26,000. Twin Tree Management LP acquired a new stake in shares of Sprouts Farmers Market during the 1st quarter worth approximately $26,000. Lindbrook Capital LLC increased its holdings in shares of Sprouts Farmers Market by 827.1% during the 1st quarter. Lindbrook Capital LLC now owns 1,743 shares of the company’s stock worth $32,000 after buying an additional 1,555 shares during the last quarter. TCI Wealth Advisors Inc. increased its holdings in shares of Sprouts Farmers Market by 454.5% during the 2nd quarter. TCI Wealth Advisors Inc. now owns 1,852 shares of the company’s stock worth $47,000 after buying an additional 1,518 shares during the last quarter. Finally, Parallel Advisors LLC increased its holdings in shares of Sprouts Farmers Market by 82.8% during the 2nd quarter. Parallel Advisors LLC now owns 2,091 shares of the company’s stock worth $53,000 after buying an additional 947 shares during the last quarter. Institutional investors and hedge funds own 90.97% of the company’s stock.

In related news, insider Dan J. Sanders sold 34,454 shares of Sprouts Farmers Market stock in a transaction on Friday, May 8th. The shares were sold at an average price of $24.06, for a total transaction of $828,963.24. Following the sale, the insider now directly owns 48,659 shares in the company, valued at approximately $1,170,735.54. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Jack Sinclair sold 26,194 shares of Sprouts Farmers Market stock in a transaction on Thursday, June 25th. The stock was sold at an average price of $23.51, for a total transaction of $615,820.94. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 63,426 shares of company stock valued at $1,514,456. Corporate insiders own 0.29% of the company’s stock.

Shares of SFM stock opened at $26.38 on Friday. The company has a quick ratio of 0.51, a current ratio of 0.97 and a debt-to-equity ratio of 2.29. Sprouts Farmers Market Inc has a 52 week low of $13.00 and a 52 week high of $28.00. The stock has a market capitalization of $3.11 billion, a PE ratio of 14.34, a P/E/G ratio of 1.69 and a beta of 0.22. The firm has a 50 day moving average of $24.84 and a two-hundred day moving average of $20.75.

Sprouts Farmers Market (NASDAQ:SFM) last issued its quarterly earnings results on Wednesday, July 29th. The company reported $0.57 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.38 by $0.19. The company had revenue of $1.64 billion during the quarter, compared to analysts’ expectations of $1.60 billion. Sprouts Farmers Market had a net margin of 3.56% and a return on equity of 36.44%. The firm’s revenue was up 16.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.30 EPS. Analysts expect that Sprouts Farmers Market Inc will post 1.73 EPS for the current fiscal year.

SFM has been the subject of a number of recent analyst reports. Wells Fargo & Co restated a “sell” rating on shares of Sprouts Farmers Market in a report on Friday, July 24th. Deutsche Bank lifted their target price on shares of Sprouts Farmers Market from $28.00 to $33.00 and gave the company a “buy” rating in a report on Wednesday, May 6th. ValuEngine downgraded shares of Sprouts Farmers Market from a “sell” rating to a “strong sell” rating in a report on Thursday, July 2nd. Bank of America lifted their target price on shares of Sprouts Farmers Market from $18.00 to $20.00 and gave the company an “underperform” rating in a report on Wednesday, May 13th. Finally, Credit Suisse Group lifted their target price on shares of Sprouts Farmers Market from $18.00 to $22.00 and gave the company a “neutral” rating in a report on Wednesday, May 6th. Five equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have issued a buy rating to the company’s stock. Sprouts Farmers Market currently has a consensus rating of “Hold” and an average price target of $24.67.

Sprouts Farmers Market Company Profile

Sprouts Farmers Market, Inc, a healthy grocery store, provides fresh, natural, and organic food products in the United States. Its stores offer fresh produce, bulk foods, vitamins and supplements, packaged groceries, meat and seafood, baked goods, dairy products, frozen foods, beer and wine, natural body care and household items.

See Also: What is a portfolio manager?

Want to see what other hedge funds are holding SFM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sprouts Farmers Market Inc (NASDAQ:SFM).

Institutional Ownership by Quarter for Sprouts Farmers Market (NASDAQ:SFM)

Receive News & Ratings for Sprouts Farmers Market Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sprouts Farmers Market and related companies with MarketBeat.com's FREE daily email newsletter.