Sprouts Farmers Market (NASDAQ:SFM) to Buyback $0.00 in Outstanding Shares

Sprouts Farmers Market (NASDAQ:SFM) declared that its board has approved a stock buyback plan on Tuesday, August 19th, RTT News reports. The company plans to repurchase $0.00 in shares. This repurchase authorization permits the company to purchase shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company’s board believes its shares are undervalued.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. JPMorgan Chase & Co. assumed coverage on Sprouts Farmers Market in a research note on Wednesday. They issued a “neutral” rating and a $159.00 price objective for the company. Royal Bank Of Canada increased their price objective on Sprouts Farmers Market from $173.00 to $176.00 and gave the company a “sector perform” rating in a research note on Thursday, July 31st. Evercore ISI dropped their target price on Sprouts Farmers Market from $195.00 to $190.00 and set an “outperform” rating for the company in a report on Tuesday, August 12th. Jefferies Financial Group upgraded Sprouts Farmers Market from a “hold” rating to a “buy” rating and set a $190.00 target price for the company in a report on Friday, August 1st. Finally, UBS Group set a $180.00 target price on Sprouts Farmers Market in a report on Thursday, July 31st. Eight research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Sprouts Farmers Market presently has an average rating of “Moderate Buy” and an average target price of $173.73.

Sprouts Farmers Market Stock Down 1.8%

Shares of NASDAQ:SFM opened at $148.41 on Friday. The business has a fifty day moving average of $158.36 and a two-hundred day moving average of $158.31. The stock has a market cap of $14.50 billion, a P/E ratio of 30.54, a PEG ratio of 1.71 and a beta of 0.78. Sprouts Farmers Market has a 52-week low of $95.25 and a 52-week high of $182.00.

Sprouts Farmers Market (NASDAQ:SFM) last released its quarterly earnings results on Wednesday, July 30th. The company reported $1.35 earnings per share for the quarter, topping analysts’ consensus estimates of $1.23 by $0.12. The business had revenue of $2.22 billion during the quarter, compared to analysts’ expectations of $2.16 billion. Sprouts Farmers Market had a return on equity of 36.53% and a net margin of 5.77%.The company’s revenue was up 17.3% compared to the same quarter last year. During the same period in the prior year, the business posted $0.94 EPS. Sprouts Farmers Market has set its FY 2025 guidance at 5.200-5.320 EPS. Q3 2025 guidance at 1.120-1.160 EPS. On average, equities analysts anticipate that Sprouts Farmers Market will post 4.29 earnings per share for the current year.

Insider Buying and Selling at Sprouts Farmers Market

In other news, insider Timmi Zalatoris sold 2,000 shares of the stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $164.38, for a total transaction of $328,760.00. Following the completion of the transaction, the insider directly owned 13,263 shares in the company, valued at approximately $2,180,171.94. This represents a 13.10% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Joe Fortunato sold 10,000 shares of the stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $147.57, for a total value of $1,475,700.00. Following the transaction, the director owned 18,164 shares of the company’s stock, valued at approximately $2,680,461.48. This represents a 35.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 55,589 shares of company stock worth $8,926,483. Insiders own 1.10% of the company’s stock.

About Sprouts Farmers Market

Sprouts Farmers Market, Inc, together with its subsidiaries, engages in the retailing of fresh, natural, and organic food products under the Sprouts brand in the United States. It offers perishable product categories, including fresh produce, meat and meat alternatives, seafood, deli, bakery, floral, and dairy and dairy alternatives; and non-perishable product categories, such as grocery, vitamins and supplements, bulk items, frozen foods, beer and wine, and natural health and body care.