Sprouts Farmers Market, Inc. $SFM Shares Purchased by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS increased its position in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 1.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 20,400 shares of the company’s stock after acquiring an additional 300 shares during the quarter. KLP Kapitalforvaltning AS’s holdings in Sprouts Farmers Market were worth $3,359,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of SFM. Park Avenue Securities LLC boosted its position in shares of Sprouts Farmers Market by 2.6% during the 1st quarter. Park Avenue Securities LLC now owns 4,749 shares of the company’s stock valued at $725,000 after acquiring an additional 122 shares during the last quarter. Farther Finance Advisors LLC boosted its position in shares of Sprouts Farmers Market by 104.3% during the 1st quarter. Farther Finance Advisors LLC now owns 2,143 shares of the company’s stock valued at $333,000 after acquiring an additional 1,094 shares during the last quarter. GAMMA Investing LLC boosted its position in shares of Sprouts Farmers Market by 20.1% during the 1st quarter. GAMMA Investing LLC now owns 2,347 shares of the company’s stock valued at $358,000 after acquiring an additional 393 shares during the last quarter. SG Americas Securities LLC boosted its position in shares of Sprouts Farmers Market by 271.4% during the 1st quarter. SG Americas Securities LLC now owns 7,936 shares of the company’s stock valued at $1,211,000 after acquiring an additional 5,799 shares during the last quarter. Finally, Fifth Third Bancorp boosted its position in shares of Sprouts Farmers Market by 12.7% during the 1st quarter. Fifth Third Bancorp now owns 3,684 shares of the company’s stock valued at $562,000 after acquiring an additional 415 shares during the last quarter.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Wells Fargo & Company raised shares of Sprouts Farmers Market from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $175.00 to $180.00 in a research note on Tuesday, August 5th. Barclays raised shares of Sprouts Farmers Market from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $173.00 to $185.00 in a research note on Thursday, July 31st. Evercore ISI lowered their target price on shares of Sprouts Farmers Market from $190.00 to $170.00 and set an “outperform” rating for the company in a research note on Friday, October 3rd. JPMorgan Chase & Co. assumed coverage on shares of Sprouts Farmers Market in a research note on Wednesday, August 20th. They set a “neutral” rating and a $159.00 target price for the company. Finally, Jefferies Financial Group raised shares of Sprouts Farmers Market from a “hold” rating to a “buy” rating and set a $190.00 target price for the company in a research note on Friday, August 1st. Nine equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $177.21.

Insider Buying and Selling at Sprouts Farmers Market

In related news, SVP Kim Coffin sold 651 shares of the firm’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 value of $92,168.58. Following the sale, the senior vice president owned 11,235 shares of the company’s stock, valued at $1,590,651.30. This trade represents a 5.48% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Jack Sinclair sold 4,045 shares of the firm’s stock in a transaction that occurred 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 sale, the chief executive officer directly owned 174,740 shares in the company, valued at approximately $17,998,220. This trade represents a 2.26% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 37,561 shares of company stock valued at $5,257,184. Corporate insiders own 1.10% of the company’s stock.

Sprouts Farmers Market Stock Performance

Shares of SFM opened at $102.74 on Friday. The stock has a market capitalization of $10.04 billion, a PE ratio of 21.14, a P/E/G ratio of 1.16 and a beta of 0.77. Sprouts Farmers Market, Inc. has a 1 year low of $98.75 and a 1 year high of $182.00. The company’s 50-day simple moving average is $131.37 and its 200-day simple moving average is $151.47.

Sprouts Farmers Market (NASDAQ:SFM) last issued its quarterly earnings results on Wednesday, July 30th. The company reported $1.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.23 by $0.12. The business had revenue of $2.22 billion for the quarter, compared to analysts’ expectations of $2.16 billion. Sprouts Farmers Market had a net margin of 5.77% and a return on equity of 36.53%. The business’s quarterly revenue was up 17.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $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. On average, sell-side analysts predict that Sprouts Farmers Market, Inc. will post 4.29 earnings per share for the current year.

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

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.