Jefferies Group LLC Purchases 142,812 Shares of Sprouts Farmers Market Inc (NASDAQ:SFM)

Jefferies Group LLC increased its position in shares of Sprouts Farmers Market Inc (NASDAQ:SFM) by 165.3% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 229,203 shares of the company’s stock after buying an additional 142,812 shares during the quarter. Jefferies Group LLC’s holdings in Sprouts Farmers Market were worth $4,330,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of SFM. Renaissance Technologies LLC raised its stake in Sprouts Farmers Market by 24.7% during the 2nd quarter. Renaissance Technologies LLC now owns 5,964,500 shares of the company’s stock valued at $112,669,000 after purchasing an additional 1,183,000 shares during the last quarter. Clearbridge Investments LLC raised its stake in Sprouts Farmers Market by 1.3% during the 1st quarter. Clearbridge Investments LLC now owns 3,674,551 shares of the company’s stock valued at $79,150,000 after purchasing an additional 47,837 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in Sprouts Farmers Market by 4.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,763,323 shares of the company’s stock valued at $64,965,000 after purchasing an additional 130,215 shares during the last quarter. Impax Asset Management Group plc raised its stake in Sprouts Farmers Market by 51.1% during the 2nd quarter. Impax Asset Management Group plc now owns 1,839,150 shares of the company’s stock valued at $34,742,000 after purchasing an additional 621,658 shares during the last quarter. Finally, FMR LLC raised its stake in Sprouts Farmers Market by 18.4% during the 1st quarter. FMR LLC now owns 1,549,395 shares of the company’s stock valued at $33,375,000 after purchasing an additional 240,447 shares during the last quarter. 93.96% of the stock is owned by institutional investors and hedge funds.

Several equities analysts recently commented on the stock. Zacks Investment Research cut shares of Sprouts Farmers Market from a “hold” rating to a “sell” rating and set a $19.00 target price for the company. in a research note on Friday, August 2nd. Northcoast Research upgraded shares of Sprouts Farmers Market from a “neutral” rating to a “buy” rating and set a $22.00 price objective for the company in a research note on Thursday, August 15th. BidaskClub upgraded shares of Sprouts Farmers Market from a “strong sell” rating to a “sell” rating in a research note on Wednesday, September 11th. Sanford C. Bernstein upgraded shares of Sprouts Farmers Market from an “underperform” rating to a “market perform” rating and set a $23.00 price objective for the company in a research note on Monday, June 24th. Finally, ValuEngine cut shares of Sprouts Farmers Market from a “hold” rating to a “sell” rating in a research note on Wednesday, September 4th. Six equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $22.47.

Shares of SFM stock traded up $0.07 during mid-day trading on Friday, reaching $19.46. The company’s stock had a trading volume of 162,444 shares, compared to its average volume of 1,224,838. Sprouts Farmers Market Inc has a 1-year low of $16.46 and a 1-year high of $28.69. The company has a market cap of $2.29 billion, a P/E ratio of 15.08, a PEG ratio of 2.29 and a beta of 0.38. The company has a debt-to-equity ratio of 3.02, a quick ratio of 0.25 and a current ratio of 0.85. The firm’s 50-day moving average is $18.26 and its two-hundred day moving average is $20.03.

Sprouts Farmers Market (NASDAQ:SFM) last announced its earnings results on Thursday, August 1st. The company reported $0.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.01). The firm had revenue of $1.42 billion for the quarter, compared to analyst estimates of $1.45 billion. Sprouts Farmers Market had a return on equity of 26.10% and a net margin of 2.61%. The company’s revenue for the quarter was up 7.2% compared to the same quarter last year. During the same quarter last year, the business earned $0.32 EPS. Sell-side analysts anticipate that Sprouts Farmers Market Inc will post 1.08 EPS for the current year.

About Sprouts Farmers Market

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.

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

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