Spirepoint Private Client LLC Buys Shares of 39,610 Sprouts Farmers Market, Inc. $SFM

Spirepoint Private Client LLC purchased a new position in Sprouts Farmers Market, Inc. (NASDAQ:SFM) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 39,610 shares of the company’s stock, valued at approximately $4,310,000.

Other hedge funds also recently bought and sold shares of the company. Newbridge Financial Services Group Inc. purchased a new stake in Sprouts Farmers Market in the 2nd quarter worth approximately $29,000. Global Trust Asset Management LLC boosted its position in shares of Sprouts Farmers Market by 520.8% during the 2nd quarter. Global Trust Asset Management LLC now owns 298 shares of the company’s stock valued at $49,000 after acquiring an additional 250 shares during the last quarter. Cullen Frost Bankers Inc. raised its stake in Sprouts Farmers Market by 60.5% in the second quarter. Cullen Frost Bankers Inc. now owns 419 shares of the company’s stock valued at $69,000 after purchasing an additional 158 shares in the last quarter. State of Wyoming purchased a new stake in Sprouts Farmers Market in the second quarter valued at approximately $77,000. Finally, New Millennium Group LLC bought a new stake in Sprouts Farmers Market during the second quarter valued at approximately $81,000.

Analyst Ratings Changes

SFM has been the topic of a number of research analyst reports. BMO Capital Markets set a $90.00 price target on shares of Sprouts Farmers Market in a report on Thursday, October 30th. UBS Group set a $108.00 target price on Sprouts Farmers Market in a research note on Thursday, October 30th. JPMorgan Chase & Co. dropped their price target on Sprouts Farmers Market from $124.00 to $91.00 and set a “neutral” rating for the company in a research note on Thursday, October 30th. The Goldman Sachs Group reduced their price objective 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. Finally, Wells Fargo & Company dropped their target price on Sprouts Farmers Market from $180.00 to $135.00 and set an “overweight” rating for the company in a research report on Thursday, October 30th. Nine research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $137.86.

Sprouts Farmers Market Price Performance

SFM stock opened at $79.94 on Tuesday. The stock has a market capitalization of $7.78 billion, a price-to-earnings ratio of 15.46, a PEG ratio of 0.87 and a beta of 0.73. The firm’s 50-day moving average price is $82.10 and its two-hundred day moving average price is $119.13. The company has a current ratio of 1.05, a quick ratio of 0.53 and a debt-to-equity ratio of 0.04. Sprouts Farmers Market, Inc. has a 12-month low of $75.75 and a 12-month high of $182.00.

Sprouts Farmers Market (NASDAQ:SFM) last posted its earnings results on Wednesday, October 29th. The company reported $1.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.17 by $0.05. Sprouts Farmers Market had a return on equity of 38.03% and a net margin of 5.93%.The company had revenue of $2.20 billion for the quarter, compared to analysts’ expectations of $2.23 billion. During the same period last year, the firm earned $0.91 earnings per share. Sprouts Farmers Market’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 and its Q4 2025 guidance at 0.860-0.900 EPS. As a group, equities analysts predict that Sprouts Farmers Market, Inc. will post 4.29 earnings per share for the current year.

Insider Activity at Sprouts Farmers Market

In related news, insider John Scott Neal sold 17,471 shares of the stock in a transaction dated Wednesday, December 3rd. The shares were sold at an average price of $85.20, for a total value of $1,488,529.20. Following the completion of the transaction, the insider directly owned 14,178 shares of the company’s stock, valued at $1,207,965.60. This represents a 55.20% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CMO Alisa Gmelich sold 3,161 shares of the company’s stock in a transaction that occurred on Friday, December 12th. The stock was sold at an average price of $79.39, for a total value of $250,951.79. Following the transaction, the chief marketing officer owned 5,552 shares in the company, valued at $440,773.28. This trade represents a 36.28% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 21,500 shares of company stock worth $1,833,659 over the last 90 days. 1.10% of the stock is owned by company insiders.

About Sprouts Farmers Market

Sprouts Farmers Market, Inc (NASDAQ: SFM) is a specialty grocery retailer focused on fresh, natural and organic foods. Headquartered in Phoenix, Arizona, the company operates stores designed to offer an open-market shopping experience, emphasizing quality produce sourced from regional farmers alongside organic pantry staples, dairy, meat and seafood. Sprouts’ product assortment also includes bulk foods, vitamins and supplements, a deli and prepared foods, reflecting its commitment to wellness and affordable healthy living.

Founded in 2002 by members of the Boney family, Sprouts began as a single farmers market in Chandler, Arizona.