Ellevest Inc. Takes $288,000 Position in Sprouts Farmers Market, Inc. $SFM

Ellevest Inc. purchased a new position in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) in the 2nd quarter, Holdings Channel reports. The fund purchased 1,750 shares of the company’s stock, valued at approximately $288,000.

Other hedge funds have also recently bought and sold shares of the company. Dimensional Fund Advisors LP boosted its stake 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 period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of Sprouts Farmers Market by 2.8% during 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 buying an additional 36,548 shares during the last quarter. Wellington Management Group LLP raised its holdings in shares of Sprouts Farmers Market by 300.3% during the first quarter. Wellington Management Group LLP now owns 1,037,187 shares of the company’s stock valued at $158,316,000 after buying an additional 778,079 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Sprouts Farmers Market by 1.0% during the first quarter. Charles Schwab Investment Management Inc. now owns 997,152 shares of the company’s stock worth $152,205,000 after buying an additional 10,059 shares during the period. Finally, Driehaus Capital Management LLC boosted its position in shares of Sprouts Farmers Market by 3.0% during the first quarter. Driehaus Capital Management LLC now owns 971,380 shares of the company’s stock worth $148,271,000 after buying an additional 28,595 shares during the period.

Sprouts Farmers Market Stock Down 2.4%

Shares of Sprouts Farmers Market stock opened at $77.84 on Friday. The business has a fifty day simple moving average of $113.34 and a 200-day simple moving average of $144.40. Sprouts Farmers Market, Inc. has a fifty-two week low of $75.75 and a fifty-two week high of $182.00. The firm has a market cap of $7.58 billion, a price-to-earnings ratio of 15.06, a price-to-earnings-growth ratio of 1.18 and a beta of 0.72.

Sprouts Farmers Market (NASDAQ:SFM) last issued its quarterly earnings results on Wednesday, October 29th. The company reported $1.22 earnings per share for the quarter, beating analysts’ consensus estimates of $1.17 by $0.05. Sprouts Farmers Market had a net margin of 5.93% and a return on equity of 38.83%. The company had revenue of $2.20 billion during the quarter, compared to the consensus estimate of $2.23 billion. During the same period in the prior year, the company earned $0.91 EPS. Sprouts Farmers Market’s revenue was up 13.1% on a year-over-year basis. Sprouts Farmers Market has set its FY 2025 guidance at 5.240-5.280 EPS. Q4 2025 guidance at 0.860-0.900 EPS. 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 initiated a stock buyback program on Tuesday, August 19th that authorizes the company to buyback $0.00 in outstanding shares. This buyback authorization authorizes the company to buy shares of its stock through open market purchases. Stock buyback programs are often an indication that the company’s management believes its shares are undervalued.

Insider Transactions at Sprouts Farmers Market

In other Sprouts Farmers Market news, SVP Kim Coffin sold 651 shares of the company’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 transaction, the senior vice president owned 11,235 shares of the company’s stock, valued at approximately $1,590,651.30. This represents a 5.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Dustin Hamilton sold 7,200 shares of the firm’s stock in a transaction 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 directly owned 16,349 shares of the company’s stock, valued at approximately $2,271,693.55. This represents a 30.57% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 31,447 shares of company stock valued at $4,276,512 in the last 90 days. 1.10% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

SFM has been the topic of several recent analyst reports. Evercore ISI cut their target price on Sprouts Farmers Market from $175.00 to $130.00 and set an “outperform” rating on the stock in a research note on Monday, October 27th. 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 report on Friday, August 1st. UBS Group set a $108.00 price objective on shares of Sprouts Farmers Market in a research note on Thursday, October 30th. The Goldman Sachs Group decreased their target price on shares of Sprouts Farmers Market from $178.00 to $152.00 and set a “buy” rating for the company in a research report on Thursday, October 30th. Finally, Zacks Research cut shares of Sprouts Farmers Market from a “hold” rating to a “strong sell” rating in a research note on Friday, October 31st. Nine research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Sprouts Farmers Market has an average rating of “Moderate Buy” and an average target price of $137.86.

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.