Biltmore Capital Advisors LLC Raises Stock Holdings in Sprouts Farmers Market Inc (NASDAQ:SFM)

Biltmore Capital Advisors LLC boosted its stake in Sprouts Farmers Market Inc (NASDAQ:SFM) by 6.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 210,566 shares of the company’s stock after buying an additional 12,005 shares during the period. Sprouts Farmers Market makes up approximately 1.1% of Biltmore Capital Advisors LLC’s portfolio, making the stock its 26th biggest position. Biltmore Capital Advisors LLC owned about 0.18% of Sprouts Farmers Market worth $4,072,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. Jefferies Group LLC raised its holdings in Sprouts Farmers Market by 165.3% in the 2nd quarter. Jefferies Group LLC now owns 229,203 shares of the company’s stock valued at $4,330,000 after buying an additional 142,812 shares during the period. Arden Trust Co purchased a new stake in Sprouts Farmers Market in the 2nd quarter valued at about $262,000. Morgan Stanley raised its holdings in Sprouts Farmers Market by 182.4% in the 2nd quarter. Morgan Stanley now owns 468,899 shares of the company’s stock valued at $8,859,000 after buying an additional 302,852 shares during the period. Teza Capital Management LLC purchased a new stake in Sprouts Farmers Market in the 2nd quarter valued at about $283,000. Finally, Assenagon Asset Management S.A. purchased a new stake in Sprouts Farmers Market in the 3rd quarter valued at about $4,307,000. Hedge funds and other institutional investors own 94.44% of the company’s stock.

A number of analysts have issued reports on the stock. Zacks Investment Research lowered shares of Sprouts Farmers Market from a “hold” rating to a “sell” rating and set a $20.00 price target on the stock. in a research note on Wednesday, October 23rd. Barclays reiterated a “hold” rating and set a $19.00 price target on shares of Sprouts Farmers Market in a research note on Friday, November 1st. BidaskClub lowered shares of Sprouts Farmers Market from a “sell” rating to a “strong sell” rating in a research note on Tuesday, September 24th. CIBC reiterated a “market perform” rating on shares of Sprouts Farmers Market in a research note on Tuesday, July 23rd. Finally, ValuEngine upgraded shares of Sprouts Farmers Market from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. Five research analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have issued a buy rating to the company. Sprouts Farmers Market currently has a consensus rating of “Hold” and an average target price of $21.82.

NASDAQ:SFM traded up $0.08 on Friday, reaching $19.83. 1,199,000 shares of the company’s stock were exchanged, compared to its average volume of 1,632,978. The company has a quick ratio of 0.27, a current ratio of 0.87 and a debt-to-equity ratio of 2.92. The firm has a market capitalization of $2.40 billion, a price-to-earnings ratio of 15.37, a price-to-earnings-growth ratio of 2.86 and a beta of 0.37. The business has a fifty day moving average of $18.90 and a 200-day moving average of $19.27. Sprouts Farmers Market Inc has a 52-week low of $16.46 and a 52-week high of $28.69.

Sprouts Farmers Market (NASDAQ:SFM) last issued its quarterly earnings results on Wednesday, October 30th. The company reported $0.22 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.20 by $0.02. The company had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.42 billion. Sprouts Farmers Market had a net margin of 2.36% and a return on equity of 25.50%. The business’s revenue for the quarter was up 8.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.27 earnings per share. As a group, equities analysts anticipate that Sprouts Farmers Market Inc will post 1.12 earnings per share for the current year.

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.

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

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