Sprouts Farmers Market (NASDAQ:SFM) Raised to Buy at Wall Street Zen

Sprouts Farmers Market (NASDAQ:SFM) was upgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued to investors on Sunday.

A number of other analysts have also issued reports on SFM. Royal Bank Of Canada boosted 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 lowered their price target on Sprouts Farmers Market from $195.00 to $190.00 and set an “outperform” rating for the company in a research report on Tuesday, August 12th. Wells Fargo & Company raised Sprouts Farmers Market from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $175.00 to $180.00 in a research report on Tuesday, August 5th. UBS Group set a $180.00 price target on Sprouts Farmers Market in a research report on Thursday, July 31st. Finally, Jefferies Financial Group upgraded Sprouts Farmers Market from a “hold” rating to a “buy” rating and set a $190.00 target price on the stock in a report on Friday, August 1st. Eight equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $178.64.

Sprouts Farmers Market Trading Down 0.7%

Shares of Sprouts Farmers Market stock opened at $119.59 on Friday. The business’s fifty day simple moving average is $146.53 and its 200 day simple moving average is $154.72. Sprouts Farmers Market has a 12 month low of $106.45 and a 12 month high of $182.00. The firm has a market capitalization of $11.69 billion, a P/E ratio of 24.61, a price-to-earnings-growth ratio of 1.36 and a beta of 0.87.

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

Sprouts Farmers Market announced that its board has authorized a stock repurchase program on Tuesday, August 19th that authorizes the company to repurchase $0.00 in outstanding shares. This repurchase authorization authorizes the company to reacquire shares of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s leadership believes its stock is undervalued.

Insider Buying and Selling

In related news, insider Dustin Hamilton sold 7,200 shares of the company’s stock in a transaction that occurred on Thursday, September 11th. The stock was sold at an average price of $138.95, for a total value of $1,000,440.00. Following the sale, the insider owned 16,349 shares in the company, valued at $2,271,693.55. This represents a 30.57% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Kim Coffin sold 651 shares of the company’s stock in a transaction that occurred on Thursday, August 28th. The shares were sold at an average price of $141.58, for a total value of $92,168.58. Following the completion of the transaction, the senior vice president directly owned 11,235 shares in the company, valued at $1,590,651.30. This trade represents a 5.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 39,561 shares of company stock worth $5,828,401 over the last three months. Corporate insiders own 1.10% of the company’s stock.

Hedge Funds Weigh In On Sprouts Farmers Market

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Unified Investment Management lifted its position in Sprouts Farmers Market by 0.9% in the 2nd quarter. Unified Investment Management now owns 7,326 shares of the company’s stock valued at $1,206,000 after acquiring an additional 65 shares in the last quarter. Chicago Partners Investment Group LLC lifted its holdings in shares of Sprouts Farmers Market by 0.6% during the 2nd quarter. Chicago Partners Investment Group LLC now owns 10,355 shares of the company’s stock valued at $1,691,000 after buying an additional 65 shares during the period. Rossby Financial LCC lifted its holdings in shares of Sprouts Farmers Market by 2.3% during the 2nd quarter. Rossby Financial LCC now owns 3,059 shares of the company’s stock valued at $504,000 after buying an additional 68 shares during the period. J.W. Cole Advisors Inc. lifted its holdings in shares of Sprouts Farmers Market by 0.8% during the 2nd quarter. J.W. Cole Advisors Inc. now owns 9,069 shares of the company’s stock valued at $1,493,000 after buying an additional 69 shares during the period. Finally, Alteri Wealth LLC lifted its holdings in shares of Sprouts Farmers Market by 1.0% during the 2nd quarter. Alteri Wealth LLC now owns 7,627 shares of the company’s stock valued at $1,256,000 after buying an additional 72 shares during the period.

Sprouts Farmers Market Company Profile

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.