Sprouts Farmers Market, Inc. (NASDAQ:SFM) Receives Average Recommendation of “Moderate Buy” from Brokerages

Sprouts Farmers Market, Inc. (NASDAQ:SFM) has received an average recommendation of “Moderate Buy” from the fifteen analysts that are presently covering the stock, Marketbeat Ratings reports. Five analysts have rated the stock with a hold recommendation and ten have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $165.7857.

A number of research firms recently issued reports on SFM. Wall Street Zen upgraded Sprouts Farmers Market from a “hold” rating to a “buy” rating in a research note on Sunday. The Goldman Sachs Group decreased their price objective on Sprouts Farmers Market from $209.00 to $178.00 and set a “buy” rating on the stock in a research note on Wednesday. BMO Capital Markets reiterated a “market perform” rating on shares of Sprouts Farmers Market in a research note on Wednesday. Evercore ISI decreased their price objective on Sprouts Farmers Market from $185.00 to $180.00 and set an “outperform” rating on the stock in a research note on Tuesday. Finally, Barclays upgraded Sprouts Farmers Market from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $173.00 to $185.00 in a research note on Thursday, July 31st.

Insiders Place Their Bets

In other Sprouts Farmers Market news, insider Dustin Hamilton sold 7,200 shares of the company’s stock in a transaction dated 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 transaction, the insider directly owned 16,349 shares in the company, valued at $2,271,693.55. This represents a 30.57% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CTO James H. Bahrenburg sold 4,292 shares of the company’s stock in a transaction dated Friday, September 12th. The stock was sold at an average price of $137.06, for a total value of $588,261.52. Following the completion of the transaction, the chief technology officer owned 9,167 shares in the company, valued at $1,256,429.02. This represents a 31.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 38,429 shares of company stock worth $5,351,362. 1.10% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Sprouts Farmers Market

A number of institutional investors have recently added to or reduced their stakes in SFM. GAMMA Investing LLC increased its stake in Sprouts Farmers Market by 20.1% in the 1st quarter. GAMMA Investing LLC now owns 2,347 shares of the company’s stock worth $358,000 after acquiring an additional 393 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in Sprouts Farmers Market by 19.5% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 7,114 shares of the company’s stock worth $1,086,000 after acquiring an additional 1,160 shares during the last quarter. Sowell Financial Services LLC bought a new position in Sprouts Farmers Market in the 1st quarter worth about $270,000. State of Alaska Department of Revenue boosted its holdings in shares of Sprouts Farmers Market by 1.8% in the 1st quarter. State of Alaska Department of Revenue now owns 17,637 shares of the company’s stock worth $2,691,000 after purchasing an additional 310 shares in the last quarter. Finally, Avior Wealth Management LLC boosted its holdings in shares of Sprouts Farmers Market by 403.3% in the 1st quarter. Avior Wealth Management LLC now owns 1,354 shares of the company’s stock worth $207,000 after purchasing an additional 1,085 shares in the last quarter.

Sprouts Farmers Market Price Performance

Shares of SFM opened at $106.25 on Friday. The firm has a market cap of $10.38 billion, a PE ratio of 21.86, a PEG ratio of 1.20 and a beta of 0.77. The stock’s fifty day moving average price is $123.62 and its two-hundred day moving average price is $148.70. Sprouts Farmers Market has a 1 year low of $98.75 and a 1 year high of $182.00.

Sprouts Farmers Market (NASDAQ:SFM) last released its quarterly earnings data 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. 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 analyst estimates of $2.16 billion. During the same period in the previous year, the company posted $0.94 EPS. The firm’s revenue for the quarter was up 17.3% compared to the same quarter last year. Sprouts Farmers Market has set its FY 2025 guidance at 5.200-5.320 EPS. Q3 2025 guidance at 1.120-1.160 EPS. Sell-side analysts anticipate that Sprouts Farmers Market will post 4.29 earnings per share for the current fiscal year.

Sprouts Farmers Market declared that its Board of Directors has authorized a share repurchase program on Tuesday, August 19th that allows the company to repurchase $0.00 in outstanding shares. This repurchase authorization allows the company to purchase shares of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s leadership believes its shares are undervalued.

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.