SLT Holdings LLC Sells 190 Shares of Sprouts Farmers Market, Inc. $SFM

SLT Holdings LLC cut its stake in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 2.8% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 6,523 shares of the company’s stock after selling 190 shares during the quarter. Sprouts Farmers Market makes up 0.8% of SLT Holdings LLC’s portfolio, making the stock its 28th largest holding. SLT Holdings LLC’s holdings in Sprouts Farmers Market were worth $1,074,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP lifted its holdings in 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 valued at $338,481,000 after purchasing an additional 15,930 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of Sprouts Farmers Market by 2.8% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,331,176 shares of the company’s stock valued at $203,191,000 after acquiring an additional 36,548 shares during the last quarter. Wellington Management Group LLP raised its stake in shares of Sprouts Farmers Market by 300.3% in the first quarter. Wellington Management Group LLP now owns 1,037,187 shares of the company’s stock valued at $158,316,000 after acquiring an additional 778,079 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in Sprouts Farmers Market by 1.0% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 997,152 shares of the company’s stock valued at $152,205,000 after purchasing an additional 10,059 shares during the last quarter. Finally, Driehaus Capital Management LLC raised its position in Sprouts Farmers Market by 3.0% in the 1st quarter. Driehaus Capital Management LLC now owns 971,380 shares of the company’s stock valued at $148,271,000 after purchasing an additional 28,595 shares during the last quarter.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on SFM. JPMorgan Chase & Co. began coverage on Sprouts Farmers Market in a research report on Wednesday, August 20th. They issued a “neutral” rating and a $159.00 price objective for the company. Wells Fargo & Company raised Sprouts Farmers Market from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $175.00 to $180.00 in a report on Tuesday, August 5th. Evercore ISI cut their price target on Sprouts Farmers Market from $190.00 to $170.00 and set an “outperform” rating for the company in a report on Friday, October 3rd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Sprouts Farmers Market in a research note on Saturday, September 27th. Finally, Barclays raised shares of Sprouts Farmers Market from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $173.00 to $185.00 in a research note on Thursday, July 31st. Nine analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $177.21.

Sprouts Farmers Market Stock Down 1.3%

SFM stock opened at $102.74 on Friday. The business’s fifty day moving average is $131.37 and its 200-day moving average is $151.46. The company has a market cap of $10.04 billion, a P/E ratio of 21.14, a price-to-earnings-growth ratio of 1.17 and a beta of 0.77. Sprouts Farmers Market, Inc. has a twelve month low of $98.75 and a twelve month high of $182.00.

Sprouts Farmers Market (NASDAQ:SFM) last posted its quarterly earnings results on Wednesday, July 30th. The company reported $1.35 earnings per share for the quarter, beating 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 company had revenue of $2.22 billion for the quarter, compared to the consensus estimate of $2.16 billion. During the same quarter in the prior year, the business posted $0.94 EPS. The firm’s quarterly revenue 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. Research analysts anticipate that Sprouts Farmers Market, Inc. will post 4.29 earnings per share for the current fiscal year.

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

Insiders Place Their Bets

In other Sprouts Farmers Market news, insider Dustin Hamilton sold 7,200 shares of the stock in a transaction on Thursday, September 11th. The shares were sold at an average price of $138.95, for a total value of $1,000,440.00. Following the sale, the insider directly owned 16,349 shares in the company, valued at approximately $2,271,693.55. This trade represents a 30.57% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Kim Coffin sold 651 shares of the firm’s stock in a transaction on Thursday, August 28th. The stock was sold at an average price of $141.58, for a total value of $92,168.58. Following the sale, the senior vice president directly owned 11,235 shares in the company, valued at $1,590,651.30. The trade was a 5.48% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 37,561 shares of company stock worth $5,257,184 over the last ninety days. Company insiders own 1.10% of the company’s stock.

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.