Economy

Rock Point Advisors LLC invests in Sprouts Farmers Market Inc. (SFM) Shares

Rock Point Advisors LLC invests in Sprouts Farmers Market Inc. (SFM) Shares”

(NASDAQ:SFM) is performing 8.25%. (NASDAQ:SFM) by 56.9% during the third quarter, according to its most recent 13F filing with the SEC. Farr Miller & Washington LLC DC now owns 1,283,474 shares of the company's stock valued at $29,096,000 after purchasing an additional 11,722 shares during the last quarter. Sprouts Farmers Market makes up 2.4% of Rock Point Advisors LLC's portfolio, making the stock its 18th largest position. Finally, HighTower Advisors LLC raised its position in Sprouts Farmers Market by 11.4% during the 1st quarter.

Several other large investors have also modified their holdings of SFM. FMR LLC raised its stake in shares of Sprouts Farmers Market by 771.4% during the 1st quarter. Renaissance Technologies LLC raised its stake in shares of Sprouts Farmers Market by 79.2% during the 2nd quarter. Bank of New York Mellon Corp raised its stake in shares of Sprouts Farmers Market by 26.6% during the 2nd quarter.

Shares of Sprouts leapt 8.5% to 20.48 on the stock market today, retaking their 50-day average, after surging as much as 15% earlier. The Maryland-based Proshare Advsr Ltd Liability has invested 0% in Sprouts Farmers Market Inc (NASDAQ:SFM). The total amount of shares outstanding is 136.86M, giving the company a market capitalization of about 2.58B.

ILLEGAL ACTIVITY WARNING: "PGGM Investments Has $12 Million Stake in Sprouts Farmers Market, Inc". The stock decreased 0.89% or $0.1 during the last trading session, reaching $11.1. (NASDAQ:SFM)posting a 2.06% after which it closed the day' session at $18.87 and sees an average of 2.87M shares trade hands in each session while it's while its relative trading volume is 1.11. They set a "positive" rating and a $23.00 price target on the stock. Primecap Management Ca invested in 558,850 shares or 0.03% of the stock.

Sprouts Farmers Market (NASDAQ:SFM) last issued its earnings results on Thursday, August 3rd.

Among 23 analysts covering Hubspot Inc (NYSE:HUBS), 20 have Buy rating, 0 Sell and 3 Hold. The SI to Sprouts Farmers Market Incorporated's float is 14.41%. Seven analysts surveyed by Zacks expected $1.18 billion. Portolan Cap Management Ltd Com holds 0.13% or 15,912 shares. The company's quarterly revenue was up 14.8% compared to the same quarter a year ago. Vident Inv Advisory Lc has 0.03% invested in Sprouts Farmers Market Inc (NASDAQ:SFM) for 13,772 shares.

Among 23 analysts covering Sprouts Farmers Market (NASDAQ:SFM), 14 have Buy rating, 1 Sell and 8 Hold. Glg Ltd Limited Liability Company reported 0.03% of its portfolio in Sprouts Farmers Market Inc (NASDAQ:SFM). Stephens started coverage on Sprouts Farmers Market in a report on Friday, August 11th. It has been assigned a low target price of $1.2 and a high target price of $2.5. Comparable store sales rose 4.6%, crushing Consensus Metrix views for a 2.6% gain. Finally, Royal Bank Of Canada reduced their price objective on Sprouts Farmers Market from $33.00 to $31.00 and set an "outperform" rating on the stock in a report on Friday, September 9th. (NASDAQ:SFM). This is based on a 1-5 scale where 1 indicates a Strong Buy and 5 a Strong Sell. The rating was initiated by Deutsche Bank on Wednesday, November 2 with "Buy".

In related news, CFO Bradley Lukow acquired 2,000 shares of Sprouts Farmers Market stock in a transaction dated Friday, September 16th. The shares were acquired at an average cost of $19.80 per share, with a total value of $138,600.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Despite Amazon's purchase of Whole Foods sending shockwaves throughout the grocery industry - and causing fear among rival natural foods retailers - Sprouts Farmers Market has enjoyed impressive growth during quarter three of fiscal 2017. The Firm 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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