Wedbush Securities Inc. Sells 643 Shares of Sprouts Farmers Market, Inc. $SFM

Wedbush Securities Inc. lessened its stake in Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 26.5% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,785 shares of the company’s stock after selling 643 shares during the period. Wedbush Securities Inc.’s holdings in Sprouts Farmers Market were worth $294,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of SFM. Truvestments Capital LLC acquired a new stake in Sprouts Farmers Market during the 1st quarter worth $35,000. SVB Wealth LLC bought a new stake in shares of Sprouts Farmers Market in the 1st quarter valued at about $36,000. Brooklyn Investment Group grew its holdings in Sprouts Farmers Market by 12,100.0% during the first quarter. Brooklyn Investment Group now owns 244 shares of the company’s stock valued at $37,000 after purchasing an additional 242 shares during the period. Global Trust Asset Management LLC increased its stake in Sprouts Farmers Market by 520.8% in the second quarter. Global Trust Asset Management LLC now owns 298 shares of the company’s stock valued at $49,000 after purchasing an additional 250 shares in the last quarter. Finally, Cullen Frost Bankers Inc. raised its holdings in Sprouts Farmers Market by 60.5% in the second quarter. Cullen Frost Bankers Inc. now owns 419 shares of the company’s stock worth $69,000 after purchasing an additional 158 shares during the period.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on SFM shares. Royal Bank Of Canada reduced their target price on Sprouts Farmers Market from $148.00 to $140.00 and set an “outperform” rating on the stock in a report on Thursday, October 30th. Roth Capital reaffirmed a “neutral” rating and set a $91.00 price target on shares of Sprouts Farmers Market in a research report on Thursday, October 30th. Barclays reduced their target price on Sprouts Farmers Market from $185.00 to $122.00 and set an “overweight” rating for the company in a research note on Thursday, October 30th. Jefferies Financial Group upgraded shares of Sprouts Farmers Market from a “hold” rating to a “buy” rating and set a $190.00 price objective for the company in a research note on Friday, August 1st. Finally, Wells Fargo & Company dropped their price objective on Sprouts Farmers Market from $180.00 to $135.00 and set an “overweight” rating for the company in a report on Thursday, October 30th. Nine equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $137.86.

Sprouts Farmers Market Price Performance

Shares of SFM opened at $81.55 on Thursday. Sprouts Farmers Market, Inc. has a 1 year low of $75.75 and a 1 year high of $182.00. The business has a 50-day moving average of $108.54 and a 200-day moving average of $141.89. The company has a market capitalization of $7.94 billion, a price-to-earnings ratio of 15.74, a price-to-earnings-growth ratio of 1.18 and a beta of 0.72.

Sprouts Farmers Market (NASDAQ:SFM) last posted its quarterly earnings results on Wednesday, October 29th. The company reported $1.22 EPS for the quarter, topping analysts’ consensus estimates of $1.17 by $0.05. Sprouts Farmers Market had a net margin of 5.93% and a return on equity of 38.83%. The business had revenue of $2.20 billion during the quarter, compared to analysts’ expectations of $2.23 billion. During the same period last year, the company posted $0.91 earnings per share. The business’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. Q4 2025 guidance at 0.860-0.900 EPS. As a group, sell-side analysts anticipate that Sprouts Farmers Market, Inc. will post 4.29 EPS for the current year.

Sprouts Farmers Market declared that its board has initiated a stock buyback plan on Tuesday, August 19th that allows the company to buyback $0.00 in shares. This buyback authorization allows the company to purchase shares of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s board believes its shares are undervalued.

Insider Buying and Selling

In other news, SVP Kim Coffin sold 651 shares of the company’s stock in a transaction dated Thursday, August 28th. The stock was sold at an average price of $141.58, for a total value of $92,168.58. Following the completion of the transaction, the senior vice president directly owned 11,235 shares in the company, valued at approximately $1,590,651.30. This represents a 5.48% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Dustin Hamilton sold 7,200 shares of the business’s stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $138.95, for a total value 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 approximately $2,271,693.55. This trade represents a 30.57% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 21,447 shares of company stock valued at $2,800,812 over the last three months. Insiders own 1.10% of the company’s stock.

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.