Westfield Capital Management Co. LP Acquires 8,645 Shares of Sprouts Farmers Market, Inc. $SFM

Westfield Capital Management Co. LP boosted its stake in Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 1.8% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 478,370 shares of the company’s stock after acquiring an additional 8,645 shares during the period. Westfield Capital Management Co. LP owned 0.49% of Sprouts Farmers Market worth $78,759,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Ensign Peak Advisors Inc increased its stake in shares of Sprouts Farmers Market by 10.1% during the 2nd quarter. Ensign Peak Advisors Inc now owns 65,432 shares of the company’s stock worth $10,773,000 after purchasing an additional 6,007 shares during the last quarter. Alteri Wealth LLC grew its holdings in Sprouts Farmers Market by 1.0% during the second quarter. Alteri Wealth LLC now owns 7,627 shares of the company’s stock valued at $1,256,000 after purchasing an additional 72 shares during the period. TD Waterhouse Canada Inc. increased its position in Sprouts Farmers Market by 380.2% in the second quarter. TD Waterhouse Canada Inc. now owns 3,851 shares of the company’s stock worth $624,000 after buying an additional 3,049 shares during the last quarter. Renaissance Group LLC increased its position in Sprouts Farmers Market by 16.9% in the second quarter. Renaissance Group LLC now owns 54,140 shares of the company’s stock worth $8,914,000 after buying an additional 7,840 shares during the last quarter. Finally, Portside Wealth Group LLC raised its stake in shares of Sprouts Farmers Market by 39.8% in the second quarter. Portside Wealth Group LLC now owns 3,365 shares of the company’s stock valued at $554,000 after buying an additional 958 shares during the period.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on SFM. BMO Capital Markets set a $90.00 price objective on Sprouts Farmers Market in a report on Thursday, October 30th. Zacks Research cut Sprouts Farmers Market from a “hold” rating to a “strong sell” rating in a report on Friday, October 31st. Royal Bank Of Canada cut their target price on Sprouts Farmers Market from $148.00 to $140.00 and set an “outperform” rating for the company in a research note on Thursday, October 30th. JPMorgan Chase & Co. decreased their price target on Sprouts Farmers Market from $124.00 to $91.00 and set a “neutral” rating on the stock in a research report on Thursday, October 30th. Finally, Wall Street Zen lowered shares of Sprouts Farmers Market from a “buy” rating to a “hold” rating in a research report on Monday, November 3rd. Nine 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. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $137.86.

Insider Transactions at Sprouts Farmers Market

In other Sprouts Farmers Market news, SVP Kim Coffin sold 651 shares of the 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 transaction, the senior vice president directly owned 11,235 shares in the company, 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 at this hyperlink. Also, CTO James H. Bahrenburg sold 4,292 shares of the company’s stock in a transaction on Friday, September 12th. The shares were sold at an average price of $137.06, for a total transaction of $588,261.52. Following the completion of the sale, the chief technology officer directly owned 9,167 shares of the company’s stock, valued at $1,256,429.02. This trade represents a 31.89% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 21,447 shares of company stock worth $2,800,812 in the last three months. Corporate insiders own 1.10% of the company’s stock.

Sprouts Farmers Market Trading Up 0.9%

Shares of SFM opened at $82.53 on Thursday. 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 cap of $8.04 billion, a PE ratio of 15.98, a price-to-earnings-growth ratio of 1.18 and a beta of 0.72. The stock has a 50-day moving average price of $102.95 and a 200-day moving average price of $138.74.

Sprouts Farmers Market (NASDAQ:SFM) last posted its quarterly earnings data on Wednesday, October 29th. The company reported $1.22 earnings per share (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 company had revenue of $2.20 billion during the quarter, compared to the consensus estimate of $2.23 billion. During the same period in the previous year, the firm posted $0.91 EPS. The firm’s revenue was up 13.1% compared to the same quarter last year. 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, 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 authorizes the company to repurchase $0.00 in shares. This repurchase authorization authorizes the company to reacquire shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board believes its stock is 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.