Sprouts Farmers Market, Inc. $SFM Stock Holdings Decreased by Verus Capital Partners LLC

Verus Capital Partners LLC lessened its stake in Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 26.3% during the second quarter, HoldingsChannel.com reports. The firm owned 6,479 shares of the company’s stock after selling 2,311 shares during the period. Verus Capital Partners LLC’s holdings in Sprouts Farmers Market were worth $1,067,000 as of its most recent SEC filing.

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

Sprouts Farmers Market Price Performance

Shares of SFM stock opened at $78.02 on Wednesday. Sprouts Farmers Market, Inc. has a 12-month low of $75.75 and a 12-month high of $182.00. The firm has a market capitalization of $7.60 billion, a price-to-earnings ratio of 15.09, a price-to-earnings-growth ratio of 1.18 and a beta of 0.72. The business has a 50 day simple moving average of $109.67 and a 200 day simple moving average of $142.31.

Sprouts Farmers Market (NASDAQ:SFM) last announced its quarterly earnings results on Wednesday, October 29th. The company reported $1.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.17 by $0.05. Sprouts Farmers Market had a return on equity of 38.83% and a net margin of 5.93%.The company had revenue of $2.20 billion during the quarter, compared to analyst estimates of $2.23 billion. During the same quarter in the previous year, the firm posted $0.91 EPS. The firm’s quarterly 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. On average, equities analysts anticipate that Sprouts Farmers Market, Inc. will post 4.29 EPS for the current fiscal year.

Sprouts Farmers Market declared that its Board of Directors has initiated a share repurchase plan on Tuesday, August 19th that permits the company to buyback $0.00 in shares. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Shares buyback plans are generally an indication that the company’s board believes its stock is undervalued.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. UBS Group set a $108.00 price objective on shares of Sprouts Farmers Market in a research report on Thursday, October 30th. Zacks Research lowered Sprouts Farmers Market from a “hold” rating to a “strong sell” rating in a report on Friday, October 31st. The Goldman Sachs Group dropped their price target on Sprouts Farmers Market from $178.00 to $152.00 and set a “buy” rating on the stock in a research report on Thursday, October 30th. Jefferies Financial Group upgraded Sprouts Farmers Market from a “hold” rating to a “buy” rating and set a $190.00 price objective for the company in a research report on Friday, August 1st. Finally, Wall Street Zen downgraded Sprouts Farmers Market from a “buy” rating to a “hold” rating in a research note 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 stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $137.86.

Insider Activity at Sprouts Farmers Market

In related news, CTO James H. Bahrenburg sold 4,292 shares of the stock in a transaction dated Friday, September 12th. The shares were 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 position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Dustin Hamilton sold 868 shares of the business’s stock in a transaction dated Tuesday, October 14th. The stock was sold at an average price of $108.50, for a total transaction of $94,178.00. Following the sale, the insider owned 15,481 shares in the company, valued at $1,679,688.50. This trade represents a 5.31% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 21,447 shares of company stock worth $2,800,812. 1.10% of the stock is owned by company insiders.

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.