OxFORD Asset Management LLP Purchases Shares of 72,013 Sprouts Farmers Market, Inc. (SFM)

OxFORD Asset Management LLP purchased a new position in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 72,013 shares of the company’s stock, valued at approximately $1,633,000. OxFORD Asset Management LLP owned about 0.05% of Sprouts Farmers Market at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in SFM. Russell Investments Group Ltd. grew its holdings in shares of Sprouts Farmers Market by 14.7% during the first quarter. Russell Investments Group Ltd. now owns 24,050 shares of the company’s stock worth $556,000 after purchasing an additional 3,091 shares during the last quarter. UBS Asset Management Americas Inc. grew its holdings in shares of Sprouts Farmers Market by 48.1% during the first quarter. UBS Asset Management Americas Inc. now owns 108,829 shares of the company’s stock worth $2,516,000 after purchasing an additional 35,328 shares during the last quarter. Karp Capital Management Corp bought a new stake in shares of Sprouts Farmers Market during the first quarter worth about $564,000. Parametric Portfolio Associates LLC grew its holdings in shares of Sprouts Farmers Market by 75.5% during the first quarter. Parametric Portfolio Associates LLC now owns 138,115 shares of the company’s stock worth $3,193,000 after purchasing an additional 59,418 shares during the last quarter. Finally, Envestnet Asset Management Inc. grew its holdings in shares of Sprouts Farmers Market by 28.3% during the first quarter. Envestnet Asset Management Inc. now owns 12,117 shares of the company’s stock worth $280,000 after purchasing an additional 2,674 shares during the last quarter. Institutional investors own 88.03% of the company’s stock.

Shares of Sprouts Farmers Market, Inc. (SFM) opened at 18.12 on Tuesday. The company has a 50-day moving average price of $19.80 and a 200 day moving average price of $22.48. Sprouts Farmers Market, Inc. has a one year low of $17.38 and a one year high of $25.98. The company has a market capitalization of $2.46 billion, a PE ratio of 20.43 and a beta of 0.54.

Sprouts Farmers Market (NASDAQ:SFM) last posted its quarterly earnings results on Thursday, August 3rd. The company reported $0.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.04. Sprouts Farmers Market had a return on equity of 18.79% and a net margin of 2.96%. The business had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.17 billion. During the same period last year, the company earned $0.25 EPS. Sprouts Farmers Market’s revenue for the quarter was up 14.8% compared to the same quarter last year. Equities analysts anticipate that Sprouts Farmers Market, Inc. will post $0.93 EPS for the current year.

In related news, insider Daniel Bruni purchased 15,000 shares of Sprouts Farmers Market stock in a transaction that occurred on Friday, September 15th. The shares were acquired at an average cost of $19.00 per share, for a total transaction of $285,000.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Brandon F. Lombardi sold 20,000 shares of the firm’s stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $24.34, for a total value of $486,800.00. Following the transaction, the insider now owns 73,761 shares in the company, valued at $1,795,342.74. The disclosure for this sale can be found here. 2.60% of the stock is owned by company insiders.

SFM has been the topic of several research reports. J P Morgan Chase & Co upgraded Sprouts Farmers Market from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $24.00 to $27.00 in a report on Friday, August 4th. Morgan Stanley cut Sprouts Farmers Market from an “overweight” rating to an “equal” rating and boosted their price target for the stock from $21.00 to $23.00 in a report on Thursday, June 15th. Royal Bank Of Canada restated a “buy” rating and set a $28.00 price target on shares of Sprouts Farmers Market in a report on Friday, June 30th. Stephens initiated coverage on Sprouts Farmers Market in a report on Friday, August 11th. They set an “equal weight” rating and a $25.00 price target on the stock. Finally, UBS AG upgraded Sprouts Farmers Market from a “market perform” rating to an “outperform” rating in a report on Friday, June 16th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and ten have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $25.00.

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Several other large investors have also recently added to or reduced their stakes in SFM. Russell Investments Group Ltd. grew its holdings in shares of Sprouts Farmers Market by 14.7% during the first quarter. Russell Investments Group Ltd. now owns 24,050 shares of the company’s stock worth $556,000 after purchasing an additional 3,091 shares during the last quarter. UBS Asset Management Americas Inc. grew its holdings in shares of Sprouts Farmers Market by 48.1% during the first quarter. UBS Asset Management Americas Inc. now owns 108,829 shares of the company’s stock worth $2,516,000 after purchasing an additional 35,328 shares during the last quarter. Karp Capital Management Corp bought a new stake in shares of Sprouts Farmers Market during the first quarter worth about $564,000. Parametric Portfolio Associates LLC grew its holdings in shares of Sprouts Farmers Market by 75.5% during the first quarter. Parametric Portfolio Associates LLC now owns 138,115 shares of the company’s stock worth $3,193,000 after purchasing an additional 59,418 shares during the last quarter. Finally, Envestnet Asset Management Inc. grew its holdings in shares of Sprouts Farmers Market by 28.3% during the first quarter. Envestnet Asset Management Inc. now owns 12,117 shares of the company’s stock worth $280,000 after purchasing an additional 2,674 shares during the last quarter. Institutional investors own 88.03% of the company’s stock.

Shares of Sprouts Farmers Market, Inc. (SFM) opened at 18.12 on Tuesday. The company has a 50-day moving average price of $19.80 and a 200 day moving average price of $22.48. Sprouts Farmers Market, Inc. has a one year low of $17.38 and a one year high of $25.98. The company has a market capitalization of $2.46 billion, a PE ratio of 20.43 and a beta of 0.54.

Sprouts Farmers Market (NASDAQ:SFM) last posted its quarterly earnings results on Thursday, August 3rd. The company reported $0.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.04. Sprouts Farmers Market had a return on equity of 18.79% and a net margin of 2.96%. The business had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.17 billion. During the same period last year, the company earned $0.25 EPS. Sprouts Farmers Market’s revenue for the quarter was up 14.8% compared to the same quarter last year. Equities analysts anticipate that Sprouts Farmers Market, Inc. will post $0.93 EPS for the current year.

In related news, insider Daniel Bruni purchased 15,000 shares of Sprouts Farmers Market stock in a transaction that occurred on Friday, September 15th. The shares were acquired at an average cost of $19.00 per share, for a total transaction of $285,000.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Brandon F. Lombardi sold 20,000 shares of the firm’s stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $24.34, for a total value of $486,800.00. Following the transaction, the insider now owns 73,761 shares in the company, valued at $1,795,342.74. The disclosure for this sale can be found here. 2.60% of the stock is owned by company insiders.

SFM has been the topic of several research reports. J P Morgan Chase & Co upgraded Sprouts Farmers Market from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $24.00 to $27.00 in a report on Friday, August 4th. Morgan Stanley cut Sprouts Farmers Market from an “overweight” rating to an “equal” rating and boosted their price target for the stock from $21.00 to $23.00 in a report on Thursday, June 15th. Royal Bank Of Canada restated a “buy” rating and set a $28.00 price target on shares of Sprouts Farmers Market in a report on Friday, June 30th. Stephens initiated coverage on Sprouts Farmers Market in a report on Friday, August 11th. They set an “equal weight” rating and a $25.00 price target on the stock. Finally, UBS AG upgraded Sprouts Farmers Market from a “market perform” rating to an “outperform” rating in a report on Friday, June 16th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and ten have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $25.00.

ILLEGAL ACTIVITY NOTICE: This article was first published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this article on another domain, it was copied illegally and reposted in violation of United States and international copyright & trademark laws. The correct version of this article can be read at https://ledgergazette.com/2017/10/10/oxford-asset-management-llp-purchases-shares-of-72013-sprouts-farmers-market-inc-sfm.html.

Sprouts Farmers Market Company Profile

Sprouts Farmers Market, Inc is a food retailer. The Company operates as a grocery store that offers fresh, natural and organic food that includes fresh produce, bulk foods, vitamins and supplements, packaged groceries, meat and seafood, deli, baked goods, dairy products, frozen foods, body care and natural household items catering to consumers’ interest in health and wellness.

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

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