Jupiter Asset Management Ltd. Has $68.45 Million Stock Position in Sprouts Farmers Market, Inc. $SFM

Jupiter Asset Management Ltd. lowered its position in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 4.7% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 415,739 shares of the company’s stock after selling 20,536 shares during the quarter. Jupiter Asset Management Ltd. owned approximately 0.43% of Sprouts Farmers Market worth $68,447,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of SFM. NewSquare Capital LLC boosted its position in shares of Sprouts Farmers Market by 83,859.0% in the 2nd quarter. NewSquare Capital LLC now owns 32,744 shares of the company’s stock worth $5,391,000 after purchasing an additional 32,705 shares during the last quarter. AMF Tjanstepension AB bought a new stake in Sprouts Farmers Market in the second quarter valued at approximately $1,580,000. Silver Oak Securities Incorporated bought a new stake in shares of Sprouts Farmers Market in the 2nd quarter valued at $727,000. Maverick Capital Ltd. acquired a new stake in Sprouts Farmers Market during the 1st quarter worth $8,341,000. Finally, Andrew Hill Investment Advisors Inc. acquired a new position in Sprouts Farmers Market in the second quarter valued at about $3,128,000.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. Bank of America dropped 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, October 23rd. BMO Capital Markets set a $90.00 price target on shares of Sprouts Farmers Market in a research note on Thursday, October 30th. JPMorgan Chase & Co. reduced their price target on shares of Sprouts Farmers Market from $124.00 to $91.00 and set a “neutral” rating for the company in a report on Thursday, October 30th. Evercore ISI cut their price objective on shares of Sprouts Farmers Market from $175.00 to $130.00 and set an “outperform” rating on the stock in a research report on Monday, October 27th. Finally, Wall Street Zen cut Sprouts Farmers Market from a “buy” rating to a “hold” rating in a report on Monday, November 3rd. Nine investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $137.86.

Sprouts Farmers Market Trading Down 1.2%

Shares of SFM opened at $78.02 on Wednesday. The stock has a market capitalization of $7.60 billion, a price-to-earnings ratio of 15.09, a PEG ratio of 1.18 and a beta of 0.72. Sprouts Farmers Market, Inc. has a 12 month low of $75.75 and a 12 month high of $182.00. The firm has a fifty day simple moving average of $109.67 and a 200 day simple moving average of $142.31.

Sprouts Farmers Market (NASDAQ:SFM) last issued its quarterly earnings results on Wednesday, October 29th. The company reported $1.22 earnings per share (EPS) for the quarter, beating the consensus estimate 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 firm had revenue of $2.20 billion for the quarter, compared to analyst estimates of $2.23 billion. During the same period in the previous year, the business earned $0.91 EPS. The company’s revenue was up 13.1% compared to the same quarter last year. Sprouts Farmers Market has set its FY 2025 guidance at 5.240-5.280 EPS. Q4 2025 guidance at 0.860-0.900 EPS. As a group, 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 has initiated a stock buyback program on Tuesday, August 19th that permits the company to buyback $0.00 in outstanding shares. This buyback authorization permits the company to repurchase shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company’s management believes its stock is undervalued.

Insider Buying and Selling

In other news, SVP Kim Coffin sold 651 shares of the company’s stock in a transaction that occurred on Thursday, August 28th. The stock was sold at an average price of $141.58, for a total transaction of $92,168.58. Following the sale, the senior vice president owned 11,235 shares in the company, valued at $1,590,651.30. This represents a 5.48% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Dustin Hamilton sold 868 shares of the firm’s stock in a transaction on Tuesday, October 14th. The shares were sold at an average price of $108.50, for a total transaction of $94,178.00. Following the completion of the transaction, the insider directly owned 15,481 shares of the company’s stock, valued at $1,679,688.50. This represents a 5.31% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 21,447 shares of company stock worth $2,800,812. Insiders own 1.10% of the company’s stock.

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.