Meadow Creek Investment Management LLC raised its position in shares of Sprouts Farmers Market Inc (NASDAQ:SFM) by 3.5% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 293,524 shares of the company’s stock after purchasing an additional 9,968 shares during the period. Meadow Creek Investment Management LLC owned 0.25% of Sprouts Farmers Market worth $5,545,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in SFM. Glen Harbor Capital Management LLC boosted its holdings in Sprouts Farmers Market by 3.5% in the second quarter. Glen Harbor Capital Management LLC now owns 356,422 shares of the company’s stock worth $6,733,000 after purchasing an additional 12,104 shares in the last quarter. Commonwealth Bank of Australia lifted its position in shares of Sprouts Farmers Market by 108.8% in the second quarter. Commonwealth Bank of Australia now owns 28,600 shares of the company’s stock worth $540,000 after buying an additional 14,900 shares during the last quarter. Alambic Investment Management L.P. bought a new stake in shares of Sprouts Farmers Market during the 2nd quarter worth about $353,000. Tyers Asset Management LLC boosted its stake in shares of Sprouts Farmers Market by 3.5% during the 2nd quarter. Tyers Asset Management LLC now owns 167,728 shares of the company’s stock worth $3,168,000 after acquiring an additional 5,696 shares in the last quarter. Finally, Elkfork Partners LLC boosted its stake in shares of Sprouts Farmers Market by 3.5% during the 2nd quarter. Elkfork Partners LLC now owns 230,626 shares of the company’s stock worth $4,356,000 after acquiring an additional 7,832 shares in the last quarter. Institutional investors and hedge funds own 94.18% of the company’s stock.

Shares of SFM stock traded down $0.25 during trading hours on Wednesday, reaching $19.66. 37,721 shares of the company’s stock were exchanged, compared to its average volume of 1,288,328. Sprouts Farmers Market Inc has a fifty-two week low of $16.46 and a fifty-two week high of $29.36. The stock has a market capitalization of $2.23 billion, a P/E ratio of 15.25, a P/E/G ratio of 2.14 and a beta of 0.38. The business has a fifty day moving average price of $17.84 and a 200-day moving average price of $20.17. The company has a quick ratio of 0.25, a current ratio of 0.85 and a debt-to-equity ratio of 3.02.

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 the Zacks’ consensus estimate of $0.31 by ($0.01). The company had revenue of $1.42 billion for the quarter, compared to the consensus estimate 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 was up 7.2% compared to the same quarter last year. During the same period last year, the firm posted $0.32 EPS. As a group, research analysts expect that Sprouts Farmers Market Inc will post 1.1 EPS for the current fiscal year.

A number of brokerages recently weighed in on SFM. Wells Fargo & Co cut their price objective on Sprouts Farmers Market from $23.00 to $20.00 and set a “positive” rating on the stock in a research note on Friday, June 21st. BidaskClub upgraded Sprouts Farmers Market from a “strong sell” rating to a “sell” rating in a report on Wednesday. Zacks Investment Research downgraded Sprouts Farmers Market from a “hold” rating to a “sell” rating and set a $19.00 price target on the stock. in a report on Friday, August 2nd. Oppenheimer cut shares of Sprouts Farmers Market from an “outperform” rating to a “market perform” rating in a research note on Tuesday, July 23rd. Finally, Bank of America reaffirmed an “underperform” rating and set a $19.00 price objective (down from $21.00) on shares of Sprouts Farmers Market in a report on Wednesday, May 29th. Six investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $22.47.

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.

Featured Story: Why is the LIBOR significant?

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.