SteelPeak Wealth LLC Increases Stake in Sprouts Farmers Market, Inc. $SFM

SteelPeak Wealth LLC grew its stake in Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 36.0% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 9,094 shares of the company’s stock after buying an additional 2,407 shares during the quarter. SteelPeak Wealth LLC’s holdings in Sprouts Farmers Market were worth $1,497,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Dimensional Fund Advisors LP raised its position in shares of Sprouts Farmers Market by 0.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,217,900 shares of the company’s stock worth $338,481,000 after acquiring an additional 15,930 shares in the last quarter. Assenagon Asset Management S.A. raised its position in shares of Sprouts Farmers Market by 1,033.4% during the 1st quarter. Assenagon Asset Management S.A. now owns 1,476,351 shares of the company’s stock worth $225,350,000 after acquiring an additional 1,346,097 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Sprouts Farmers Market by 2.8% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,331,176 shares of the company’s stock worth $203,191,000 after acquiring an additional 36,548 shares in the last quarter. Wellington Management Group LLP raised its position in shares of Sprouts Farmers Market by 300.3% during the 1st quarter. Wellington Management Group LLP now owns 1,037,187 shares of the company’s stock worth $158,316,000 after acquiring an additional 778,079 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Sprouts Farmers Market by 1.0% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 997,152 shares of the company’s stock worth $152,205,000 after acquiring an additional 10,059 shares in the last quarter.

Sprouts Farmers Market Trading Up 1.1%

NASDAQ:SFM opened at $102.84 on Wednesday. The firm has a market cap of $10.05 billion, a P/E ratio of 21.16, a PEG ratio of 1.15 and a beta of 0.77. The stock’s 50 day simple moving average is $134.42 and its 200-day simple moving average is $152.40. Sprouts Farmers Market, Inc. has a 12-month low of $98.75 and a 12-month high of $182.00.

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, beating analysts’ consensus estimates of $1.23 by $0.12. The business had revenue of $2.22 billion for the quarter, compared to analyst estimates 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 for the quarter was up 17.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.94 earnings per share. Sprouts Farmers Market has set its FY 2025 guidance at 5.200-5.320 EPS. Q3 2025 guidance at 1.120-1.160 EPS. Research analysts forecast that Sprouts Farmers Market, Inc. will post 4.29 EPS for the current fiscal year.

Sprouts Farmers Market announced that its board has authorized a share buyback plan on Tuesday, August 19th that allows the company to repurchase $0.00 in outstanding shares. This repurchase authorization allows the company to repurchase shares of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s board of directors believes its shares are undervalued.

Wall Street Analyst Weigh In

SFM has been the topic of several research analyst reports. JPMorgan Chase & Co. initiated coverage on Sprouts Farmers Market in a research report on Wednesday, August 20th. They set a “neutral” rating and a $159.00 target price on the stock. Royal Bank Of Canada raised their target price on Sprouts Farmers Market from $173.00 to $176.00 and gave the stock a “sector perform” rating in a research report on Thursday, July 31st. Wells Fargo & Company raised Sprouts Farmers Market from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $175.00 to $180.00 in a research report on Tuesday, August 5th. Wall Street Zen raised Sprouts Farmers Market from a “hold” rating to a “buy” rating in a research report on Sunday, September 21st. Finally, Barclays raised Sprouts Farmers Market from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $173.00 to $185.00 in a research report on Thursday, July 31st. Nine equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $177.21.

Insiders Place Their Bets

In other news, Director Joseph D. O’leary sold 2,937 shares of the business’s stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $150.07, for a total value of $440,755.59. Following the transaction, the director owned 14,994 shares of the company’s stock, valued at approximately $2,250,149.58. The trade was a 16.38% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Jack Sinclair sold 4,045 shares of Sprouts Farmers Market stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $156.76, for a total value of $634,094.20. Following the completion of the sale, the chief executive officer owned 174,740 shares in the company, valued at approximately $27,392,242.40. This trade represents a 2.26% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 33,516 shares of company stock valued at $4,840,549. 1.10% of the stock is owned by company insiders.

Sprouts Farmers Market 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.