VestGen Investment Management Sells 808 Shares of Sprouts Farmers Market, Inc. $SFM

VestGen Investment Management lowered its stake in Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 12.0% during the second quarter, Holdings Channel.com reports. The fund owned 5,905 shares of the company’s stock after selling 808 shares during the period. VestGen Investment Management’s holdings in Sprouts Farmers Market were worth $972,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Dimensional Fund Advisors LP increased its position in shares of Sprouts Farmers Market by 0.7% in the first quarter. Dimensional Fund Advisors LP now owns 2,217,900 shares of the company’s stock valued at $338,481,000 after acquiring an additional 15,930 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position 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 increased its position 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. increased its position in shares of Sprouts Farmers Market by 1.0% in the first quarter. Charles Schwab Investment Management Inc. now owns 997,152 shares of the company’s stock valued at $152,205,000 after acquiring an additional 10,059 shares during the last quarter. Finally, Driehaus Capital Management LLC increased its position in shares of Sprouts Farmers Market by 3.0% in the first quarter. Driehaus Capital Management LLC now owns 971,380 shares of the company’s stock valued at $148,271,000 after acquiring an additional 28,595 shares during the last quarter.

Sprouts Farmers Market Trading Down 1.9%

Sprouts Farmers Market stock opened at $106.25 on Friday. Sprouts Farmers Market, Inc. has a 12 month low of $98.75 and a 12 month high of $182.00. The stock’s 50 day moving average is $123.62 and its 200-day moving average is $148.70. The company has a market capitalization of $10.38 billion, a price-to-earnings ratio of 21.86, a PEG ratio of 1.20 and a beta of 0.77.

Sprouts Farmers Market (NASDAQ:SFM) last posted its earnings results on Wednesday, July 30th. The company reported $1.35 EPS for the quarter, beating the consensus estimate 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 earned $0.94 earnings per share. The firm’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. As a group, equities research analysts predict that Sprouts Farmers Market, Inc. will post 4.29 earnings per share for the current fiscal year.

Sprouts Farmers Market announced that its Board of Directors has initiated a stock repurchase plan on Tuesday, August 19th that authorizes the company to repurchase $0.00 in shares. This repurchase authorization authorizes the company to purchase shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s management believes its stock is undervalued.

Analyst Ratings Changes

A number of research firms recently issued reports on SFM. JPMorgan Chase & Co. lowered their target price on Sprouts Farmers Market from $159.00 to $124.00 and set a “neutral” rating on the stock in a research report on Thursday. Barclays raised Sprouts Farmers Market from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $173.00 to $185.00 in a research report on Thursday, July 31st. Bank of America lowered their price target on Sprouts Farmers Market from $200.00 to $160.00 and set a “buy” rating on the stock in a research report on Thursday. Jefferies Financial Group raised Sprouts Farmers Market from a “hold” rating to a “buy” rating and set a $190.00 price target on the stock in a research report on Friday, August 1st. Finally, UBS Group set a $180.00 price target on Sprouts Farmers Market in a research report on Thursday, July 31st. Ten research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $165.79.

Insiders Place Their Bets

In related news, CEO Jack Sinclair sold 4,045 shares of the business’s stock in a transaction that occurred on Monday, October 6th. The stock was sold at an average price of $103.00, for a total value of $416,635.00. Following the completion of the sale, the chief executive officer directly owned 174,740 shares in the company, valued at approximately $17,998,220. The trade was a 2.26% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Kim Coffin sold 651 shares of the business’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 sale, the senior vice president owned 11,235 shares of the company’s stock, valued at approximately $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 sold a total of 38,429 shares of company stock valued at $5,351,362 in the last quarter. Company 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.