Intech Investment Management LLC Sells 64,109 Shares of Sprouts Farmers Market, Inc. $SFM

Intech Investment Management LLC trimmed its holdings in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 38.6% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 101,884 shares of the company’s stock after selling 64,109 shares during the quarter. Intech Investment Management LLC’s holdings in Sprouts Farmers Market were worth $16,774,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Wellington Management Group LLP grew its stake in Sprouts Farmers Market by 300.3% in the first 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 in the last quarter. Nuveen LLC bought a new position in shares of Sprouts Farmers Market in the first quarter valued at $106,852,000. Westfield Capital Management Co. LP acquired a new position in Sprouts Farmers Market during the first quarter worth $71,699,000. Alyeska Investment Group L.P. acquired a new stake in Sprouts Farmers Market in the first quarter valued at $55,711,000. Finally, Los Angeles Capital Management LLC lifted its stake in Sprouts Farmers Market by 509.9% in the second quarter. Los Angeles Capital Management LLC now owns 232,390 shares of the company’s stock valued at $38,261,000 after acquiring an additional 194,289 shares during the last quarter.

Insider Buying and Selling

In other Sprouts Farmers Market news, CEO Jack Sinclair sold 4,045 shares of the stock in a transaction dated Monday, October 6th. The shares were sold at an average price of $103.00, for a total transaction of $416,635.00. Following the sale, the chief executive officer directly owned 174,740 shares in the company, valued at $17,998,220. This represents a 2.26% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Dustin Hamilton sold 868 shares of the business’s stock in a transaction that occurred 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 owned 15,481 shares of the company’s stock, valued at $1,679,688.50. The trade was a 5.31% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 21,447 shares of company stock valued at $2,800,812. Company insiders own 1.10% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Evercore ISI cut their target price on shares of Sprouts Farmers Market from $175.00 to $130.00 and set an “outperform” rating for the company in a research note on Monday, October 27th. Wall Street Zen cut shares of Sprouts Farmers Market from a “buy” rating to a “hold” rating in a research note on Monday, November 3rd. UBS Group set a $108.00 price target on shares of Sprouts Farmers Market in a research note on Thursday, October 30th. Roth Capital restated a “neutral” rating and set a $91.00 price objective on shares of Sprouts Farmers Market in a research report on Thursday, October 30th. Finally, Bank of America reduced their price objective on Sprouts Farmers Market from $200.00 to $160.00 and set a “buy” rating for the company in a report on Thursday, October 23rd. Nine equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $137.86.

Sprouts Farmers Market Stock Up 0.1%

NASDAQ SFM opened at $81.79 on Friday. The firm has a 50-day moving average price of $106.23 and a two-hundred day moving average price of $140.86. Sprouts Farmers Market, Inc. has a 12-month low of $75.75 and a 12-month high of $182.00. The company has a market capitalization of $7.96 billion, a P/E ratio of 15.82, a P/E/G 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 (EPS) for the quarter, beating the consensus estimate of $1.17 by $0.05. The business had revenue of $2.20 billion during the quarter, compared to analysts’ expectations of $2.23 billion. Sprouts Farmers Market had a return on equity of 38.83% and a net margin of 5.93%.The firm’s revenue for the quarter was up 13.1% compared to the same quarter last year. During the same period in the previous year, the company 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. Equities analysts expect that Sprouts Farmers Market, Inc. will post 4.29 EPS for the current 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 repurchase $0.00 in outstanding shares. This repurchase authorization permits the company to repurchase shares of its stock through open market purchases. Shares repurchase plans are typically a sign that the company’s board of directors believes its stock is undervalued.

Sprouts Farmers Market Company 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.