Sprouts Farmers Market, Inc. $SFM Shares Purchased by Hillsdale Investment Management Inc.

Hillsdale Investment Management Inc. raised its position in Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 19.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 50,040 shares of the company’s stock after acquiring an additional 8,190 shares during the quarter. Hillsdale Investment Management Inc.’s holdings in Sprouts Farmers Market were worth $8,239,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the company. Dimensional Fund Advisors LP increased its stake in Sprouts Farmers Market by 0.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,217,900 shares of the company’s stock worth $338,481,000 after buying an additional 15,930 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of Sprouts Farmers Market by 2.8% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,331,176 shares of the company’s stock worth $203,191,000 after acquiring an additional 36,548 shares in the last quarter. Wellington Management Group LLP lifted its stake in shares of 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 worth $158,316,000 after acquiring an additional 778,079 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Sprouts Farmers Market by 1.0% in the first quarter. Charles Schwab Investment Management Inc. now owns 997,152 shares of the company’s stock valued at $152,205,000 after purchasing an additional 10,059 shares during the last quarter. Finally, Driehaus Capital Management LLC grew its stake in Sprouts Farmers Market by 3.0% during the 1st quarter. Driehaus Capital Management LLC now owns 971,380 shares of the company’s stock valued at $148,271,000 after purchasing an additional 28,595 shares in the last quarter.

Insider Activity

In other news, CTO James H. Bahrenburg sold 4,292 shares of the business’s stock in a transaction that occurred on Friday, September 12th. The stock was sold at an average price of $137.06, for a total transaction of $588,261.52. Following the completion of the transaction, the chief technology officer directly owned 9,167 shares in the company, valued at approximately $1,256,429.02. The trade was a 31.89% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Dustin Hamilton sold 7,200 shares of the firm’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 value of $1,000,440.00. Following the completion of the sale, the insider owned 16,349 shares in the company, valued at approximately $2,271,693.55. This represents a 30.57% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 21,447 shares of company stock worth $2,800,812 in the last quarter. Company insiders own 1.10% of the company’s stock.

Analysts Set New Price Targets

SFM has been the subject of several research analyst reports. Evercore ISI decreased their price target on shares of Sprouts Farmers Market from $175.00 to $130.00 and set an “outperform” rating for the company in a research report on Monday, October 27th. Bank of America reduced their price objective on shares of Sprouts Farmers Market from $200.00 to $160.00 and set a “buy” rating on the stock in a research note on Thursday, October 23rd. Weiss Ratings lowered shares of Sprouts Farmers Market from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, October 30th. Wells Fargo & Company cut their target price on shares of Sprouts Farmers Market from $180.00 to $135.00 and set an “overweight” rating on the stock in a research note on Thursday, October 30th. Finally, The Goldman Sachs Group reduced their price target on shares of Sprouts Farmers Market from $178.00 to $152.00 and set a “buy” rating on the stock in a research report on Thursday, October 30th. Nine research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $137.86.

Sprouts Farmers Market Trading Down 2.0%

Shares of NASDAQ SFM opened at $80.16 on Friday. 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 $7.81 billion, a price-to-earnings ratio of 15.50, a price-to-earnings-growth ratio of 1.18 and a beta of 0.72. The stock’s 50 day simple moving average is $101.80 and its 200 day simple moving average is $138.34.

Sprouts Farmers Market (NASDAQ:SFM) last issued its quarterly earnings data 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 return on equity of 38.83% and a net margin of 5.93%.The firm had revenue of $2.20 billion during the quarter, compared to the consensus estimate of $2.23 billion. During the same period in the prior year, the business earned $0.91 EPS. The firm’s 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, equities analysts forecast that Sprouts Farmers Market, Inc. will post 4.29 earnings per share for the current fiscal year.

Sprouts Farmers Market declared that its Board of Directors has initiated a share buyback program on Tuesday, August 19th that allows the company to buyback $0.00 in shares. This buyback authorization allows the company to buy shares of its stock through open market purchases. Stock buyback programs are often a sign that the company’s board believes its stock is undervalued.

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.