Sprouts Farmers Market, Inc. $SFM Shares Sold by Swiss National Bank

Swiss National Bank lowered its position in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 3.2% in the second quarter, HoldingsChannel.com reports. The fund owned 187,450 shares of the company’s stock after selling 6,200 shares during the quarter. Swiss National Bank’s holdings in Sprouts Farmers Market were worth $30,862,000 as of its most recent filing with the SEC.

A number of other hedge funds have also modified their holdings of SFM. NewSquare Capital LLC boosted its holdings in shares of Sprouts Farmers Market by 83,859.0% in the 2nd quarter. NewSquare Capital LLC now owns 32,744 shares of the company’s stock valued at $5,391,000 after acquiring an additional 32,705 shares during the last quarter. AMF Tjanstepension AB acquired a new position in Sprouts Farmers Market during the second quarter valued at $1,580,000. Silver Oak Securities Incorporated acquired a new position in Sprouts Farmers Market during the second quarter valued at $727,000. Maverick Capital Ltd. purchased a new stake in Sprouts Farmers Market in the first quarter valued at $8,341,000. Finally, Andrew Hill Investment Advisors Inc. acquired a new stake in Sprouts Farmers Market during the 2nd quarter worth about $3,128,000.

Insider Activity at Sprouts Farmers Market

In related news, SVP Kim Coffin sold 651 shares of Sprouts Farmers Market 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 sale, the senior vice president directly owned 11,235 shares in the company, valued at approximately $1,590,651.30. The trade was a 5.48% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CTO James H. Bahrenburg sold 4,292 shares of the stock in a transaction that occurred on Friday, September 12th. The shares were sold at an average price of $137.06, for a total value of $588,261.52. Following the transaction, 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 position. The SEC filing for this sale provides additional information. Insiders have sold 21,447 shares of company stock worth $2,800,812 in the last ninety days. 1.10% of the stock is owned by company insiders.

Sprouts Farmers Market Price Performance

Sprouts Farmers Market stock opened at $80.99 on Wednesday. The stock has a market capitalization of $7.89 billion, a PE ratio of 15.67, a price-to-earnings-growth ratio of 1.18 and a beta of 0.72. The business has a 50 day simple moving average of $98.84 and a 200-day simple moving average of $136.15. Sprouts Farmers Market, Inc. has a 12 month low of $75.75 and a 12 month high of $182.00.

Sprouts Farmers Market (NASDAQ:SFM) last announced its earnings results on Wednesday, October 29th. The company reported $1.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.17 by $0.05. The firm had revenue of $2.20 billion for the quarter, compared to analyst estimates of $2.23 billion. Sprouts Farmers Market had a return on equity of 38.83% and a net margin of 5.93%.The business’s revenue was up 13.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.91 EPS. Sprouts Farmers Market has set its FY 2025 guidance at 5.240-5.280 EPS. Q4 2025 guidance at 0.860-0.900 EPS. On average, equities research analysts anticipate that Sprouts Farmers Market, Inc. will post 4.29 EPS for the current fiscal year.

Sprouts Farmers Market announced that its Board of Directors has approved a stock buyback program on Tuesday, August 19th that permits the company to buyback $0.00 in shares. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board believes its shares are undervalued.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Barclays decreased their price objective on Sprouts Farmers Market from $185.00 to $122.00 and set an “overweight” rating for the company in a report on Thursday, October 30th. Wall Street Zen downgraded Sprouts Farmers Market from a “buy” rating to a “hold” rating in a report on Monday, November 3rd. BMO Capital Markets set a $90.00 price objective on shares of Sprouts Farmers Market in a research note on Thursday, October 30th. Royal Bank Of Canada decreased their target price on shares of 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. Finally, JPMorgan Chase & Co. lowered their price target on shares of Sprouts Farmers Market from $124.00 to $91.00 and set a “neutral” rating on the stock in a report on Thursday, October 30th. Nine 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, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $137.86.

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.