XTX Topco Ltd Boosts Stock Position in Sprouts Farmers Market, Inc. $SFM

XTX Topco Ltd raised its position in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 26.3% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 22,829 shares of the company’s stock after purchasing an additional 4,756 shares during the quarter. XTX Topco Ltd’s holdings in Sprouts Farmers Market were worth $3,759,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Wellington Management Group LLP raised its position in shares of Sprouts Farmers Market by 300.3% during the 1st quarter. Wellington Management Group LLP now owns 1,037,187 shares of the company’s stock valued at $158,316,000 after purchasing an additional 778,079 shares during the period. Nuveen LLC purchased a new stake in Sprouts Farmers Market in the 1st quarter worth $106,852,000. Westfield Capital Management Co. LP bought a new stake in Sprouts Farmers Market during the first quarter valued at about $71,699,000. Alyeska Investment Group L.P. purchased a new position in shares of Sprouts Farmers Market in the first quarter valued at about $55,711,000. Finally, American Century Companies Inc. lifted its position in shares of Sprouts Farmers Market by 37.0% in the second quarter. American Century Companies Inc. now owns 1,106,330 shares of the company’s stock valued at $182,146,000 after acquiring an additional 298,556 shares in the last quarter.

Sprouts Farmers Market Price Performance

Shares of SFM opened at $80.99 on Wednesday. The stock has a market capitalization of $7.89 billion, a price-to-earnings ratio of 15.67, a price-to-earnings-growth ratio of 1.18 and a beta of 0.72. Sprouts Farmers Market, Inc. has a 1 year low of $75.75 and a 1 year high of $182.00. The business’s 50 day simple moving average is $98.84 and its 200-day simple moving average is $136.15.

Sprouts Farmers Market (NASDAQ:SFM) last posted its 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. The firm had revenue of $2.20 billion during the quarter, compared to analyst estimates of $2.23 billion. Sprouts Farmers Market had a net margin of 5.93% and a return on equity of 38.83%. Sprouts Farmers Market’s revenue for the quarter was up 13.1% compared to the same quarter last year. During the same period last year, the firm posted $0.91 earnings per share. 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, sell-side analysts expect that Sprouts Farmers Market, Inc. will post 4.29 earnings per share for the current year.

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

Insider Buying and Selling at Sprouts Farmers Market

In other Sprouts Farmers Market news, CEO Jack Sinclair sold 4,045 shares of Sprouts Farmers Market stock in a transaction on Monday, October 6th. The shares were sold at an average price of $103.00, for a total transaction of $416,635.00. Following the completion of the transaction, the chief executive officer directly owned 174,740 shares of the company’s stock, valued at $17,998,220. The trade was a 2.26% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CTO James H. Bahrenburg sold 4,292 shares of the stock in a transaction on Friday, September 12th. The shares were sold at an average price of $137.06, for a total transaction of $588,261.52. Following the completion of the sale, the chief technology officer directly owned 9,167 shares in the company, valued at approximately $1,256,429.02. This represents a 31.89% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 21,447 shares of company stock valued at $2,800,812 over the last quarter. 1.10% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

SFM has been the subject of several research analyst reports. The Goldman Sachs Group cut their target price on 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. Weiss Ratings downgraded Sprouts Farmers Market from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, October 30th. Bank of America reduced their price objective on shares of 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. Roth Capital reissued a “neutral” rating and issued a $91.00 target price on shares of Sprouts Farmers Market in a report on Thursday, October 30th. Finally, UBS Group set a $108.00 target price on shares of Sprouts Farmers Market in a research report on Thursday, October 30th. Nine analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $137.86.

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.