J. Safra Sarasin Holding AG Buys 1,771 Shares of Sprouts Farmers Market, Inc. $SFM

J. Safra Sarasin Holding AG increased its holdings in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 38.0% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 6,427 shares of the company’s stock after acquiring an additional 1,771 shares during the period. J. Safra Sarasin Holding AG’s holdings in Sprouts Farmers Market were worth $1,058,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in SFM. Assenagon Asset Management S.A. boosted its position in shares of Sprouts Farmers Market by 1,033.4% during the 1st quarter. Assenagon Asset Management S.A. now owns 1,476,351 shares of the company’s stock valued at $225,350,000 after acquiring an additional 1,346,097 shares in the last quarter. Wellington Management Group LLP boosted its position 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 buying an additional 778,079 shares in the last quarter. Nuveen LLC acquired a new position in Sprouts Farmers Market in the first quarter valued at about $106,852,000. Westfield Capital Management Co. LP acquired a new position in Sprouts Farmers Market in the first quarter valued at about $71,699,000. Finally, Alyeska Investment Group L.P. acquired a new position in Sprouts Farmers Market in the first quarter valued at about $55,711,000.

Insider Buying and Selling at Sprouts Farmers Market

In related news, SVP Kim Coffin sold 651 shares of the business’s stock in a transaction that occurred on Thursday, August 28th. The shares were sold at an average price of $141.58, for a total transaction of $92,168.58. Following the completion of the sale, the senior vice president directly owned 11,235 shares of the company’s stock, valued at $1,590,651.30. The trade was a 5.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Dustin Hamilton sold 7,200 shares of the company’s stock in a transaction that occurred on Thursday, September 11th. The shares were sold at an average price of $138.95, for a total transaction of $1,000,440.00. Following the completion of the sale, the insider directly owned 16,349 shares of the company’s stock, valued at $2,271,693.55. The trade was a 30.57% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 37,561 shares of company stock valued at $5,499,641 over the last 90 days. Company insiders own 1.10% of the company’s stock.

Sprouts Farmers Market Price Performance

SFM opened at $105.93 on Friday. The company has a market cap of $10.35 billion, a price-to-earnings ratio of 21.80, a price-to-earnings-growth ratio of 1.20 and a beta of 0.77. The firm has a 50 day simple moving average of $136.66 and a 200 day simple moving average of $152.94. Sprouts Farmers Market, Inc. has a fifty-two week low of $102.40 and a fifty-two week high of $182.00.

Sprouts Farmers Market (NASDAQ:SFM) last posted its quarterly earnings results on Wednesday, July 30th. The company reported $1.35 earnings per share for the quarter, topping analysts’ consensus estimates of $1.23 by $0.12. The business had revenue of $2.22 billion during the quarter, compared to the consensus estimate of $2.16 billion. Sprouts Farmers Market had a net margin of 5.77% and a return on equity of 36.53%. Sprouts Farmers Market’s revenue for the quarter was up 17.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.94 earnings per share. Sprouts Farmers Market has set its FY 2025 guidance at 5.200-5.320 EPS. Q3 2025 guidance at 1.120-1.160 EPS. As a group, analysts expect that Sprouts Farmers Market, Inc. will post 4.29 EPS for the current year.

Sprouts Farmers Market announced that its Board of Directors has approved a stock buyback plan on Tuesday, August 19th that permits the company to repurchase $0.00 in shares. This repurchase authorization permits the company to reacquire shares of its stock through open market purchases. Shares repurchase plans are usually a sign that the company’s board believes its shares are undervalued.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Wall Street Zen upgraded shares of Sprouts Farmers Market from a “hold” rating to a “buy” rating in a research report on Sunday, September 21st. UBS Group set a $180.00 price target on shares of Sprouts Farmers Market in a research report on Thursday, July 31st. JPMorgan Chase & Co. assumed coverage on shares of Sprouts Farmers Market in a research report on Wednesday, August 20th. They issued a “neutral” rating and a $159.00 price target on the stock. Evercore ISI reduced their target price on shares of Sprouts Farmers Market from $190.00 to $170.00 and set an “outperform” rating on the stock in a research report on Friday. Finally, Wells Fargo & Company upgraded shares of Sprouts Farmers Market from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $175.00 to $180.00 in a research report on Tuesday, August 5th. Nine analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $177.21.

About Sprouts Farmers Market

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.