Boston Common Asset Management LLC Cuts Holdings in Sprouts Farmers Market, Inc. $SFM

Boston Common Asset Management LLC decreased its stake in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 22.5% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 50,561 shares of the company’s stock after selling 14,689 shares during the quarter. Boston Common Asset Management LLC owned approximately 0.05% of Sprouts Farmers Market worth $8,324,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the stock. Unified Investment Management increased its holdings in Sprouts Farmers Market by 0.9% during the 2nd quarter. Unified Investment Management now owns 7,326 shares of the company’s stock worth $1,206,000 after purchasing an additional 65 shares during the period. Crossmark Global Holdings Inc. increased its holdings in shares of Sprouts Farmers Market by 1.2% in the 1st quarter. Crossmark Global Holdings Inc. now owns 7,201 shares of the company’s stock valued at $1,099,000 after acquiring an additional 84 shares during the last quarter. Greenleaf Trust increased its holdings in shares of Sprouts Farmers Market by 3.3% in the 2nd quarter. Greenleaf Trust now owns 2,750 shares of the company’s stock valued at $453,000 after acquiring an additional 89 shares during the last quarter. Avantax Advisory Services Inc. increased its holdings in shares of Sprouts Farmers Market by 2.1% in the 1st quarter. Avantax Advisory Services Inc. now owns 4,899 shares of the company’s stock valued at $748,000 after acquiring an additional 99 shares during the last quarter. Finally, Linden Thomas Advisory Services LLC increased its holdings in shares of Sprouts Farmers Market by 3.0% in the 1st quarter. Linden Thomas Advisory Services LLC now owns 3,492 shares of the company’s stock valued at $533,000 after acquiring an additional 102 shares during the last quarter.

Insider Activity at Sprouts Farmers Market

In other Sprouts Farmers Market news, CEO Jack Sinclair sold 4,045 shares of the stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $138.60, for a total transaction of $560,637.00. Following the completion of the sale, the chief executive officer directly owned 174,740 shares of the company’s stock, valued at approximately $24,218,964. This trade represents a 2.26% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CTO James H. Bahrenburg sold 4,292 shares of the stock in a transaction that occurred on Friday, September 12th. The stock was sold at an average price of $137.06, for a total value of $588,261.52. Following the sale, the chief technology officer directly owned 9,167 shares of the company’s stock, valued at $1,256,429.02. The trade was a 31.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 37,561 shares of company stock worth $5,499,641 in the last ninety days. Company insiders own 1.10% of the company’s stock.

Sprouts Farmers Market Stock Up 0.6%

Shares of NASDAQ SFM opened at $105.93 on Friday. The stock has a market cap of $10.35 billion, a PE ratio of 21.80, a price-to-earnings-growth ratio of 1.20 and a beta of 0.77. Sprouts Farmers Market, Inc. has a 52-week low of $102.40 and a 52-week high of $182.00. The business has a 50-day moving average price of $136.66 and a 200 day moving average price of $152.94.

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

Sprouts Farmers Market announced that its board has authorized a share repurchase program on Tuesday, August 19th that authorizes the company to buyback $0.00 in shares. This buyback authorization authorizes the company to purchase shares of its stock through open market purchases. Shares buyback programs are generally a sign that the company’s management believes its shares are undervalued.

Analyst Ratings Changes

SFM has been the topic of a number of recent analyst reports. Royal Bank Of Canada increased their price objective on Sprouts Farmers Market from $173.00 to $176.00 and gave the company a “sector perform” rating in a report on Thursday, July 31st. Evercore ISI dropped their price objective on Sprouts Farmers Market from $190.00 to $170.00 and set an “outperform” rating on the stock in a report on Friday. Wall Street Zen upgraded Sprouts Farmers Market from a “hold” rating to a “buy” rating in a report on Sunday, September 21st. UBS Group set a $180.00 price objective on Sprouts Farmers Market in a report on Thursday, July 31st. Finally, Wells Fargo & Company upgraded Sprouts Farmers Market from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $175.00 to $180.00 in a report on Tuesday, August 5th. Nine equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $177.21.

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.