Delta Investment Management LLC Has $377,000 Stake in Sprouts Farmers Market, Inc. $SFM

Delta Investment Management LLC decreased its holdings in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 6.7% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,288 shares of the company’s stock after selling 164 shares during the quarter. Delta Investment Management LLC’s holdings in Sprouts Farmers Market were worth $377,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. AMF Tjanstepension AB bought a new stake in Sprouts Farmers Market during the second quarter worth $1,580,000. Silver Oak Securities Incorporated bought a new stake in Sprouts Farmers Market during the second quarter worth $727,000. Maverick Capital Ltd. bought a new stake in Sprouts Farmers Market during the first quarter worth $8,341,000. Andrew Hill Investment Advisors Inc. bought a new stake in Sprouts Farmers Market during the second quarter worth $3,128,000. Finally, Voya Investment Management LLC raised its position in Sprouts Farmers Market by 49.4% during the first quarter. Voya Investment Management LLC now owns 54,798 shares of the company’s stock worth $8,364,000 after acquiring an additional 18,123 shares in the last quarter.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on SFM shares. Jefferies Financial Group raised shares of Sprouts Farmers Market from a “hold” rating to a “buy” rating and set a $190.00 price objective on the stock in a research report on Friday, August 1st. Bank of America dropped 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 report on Thursday. UBS Group set a $180.00 price objective on shares of Sprouts Farmers Market in a research report on Thursday, July 31st. Weiss Ratings reissued a “buy (b-)” rating on shares of Sprouts Farmers Market in a research report on Tuesday, October 14th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Sprouts Farmers Market from $159.00 to $124.00 and set a “neutral” rating on the stock in a research report on Thursday. Ten equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $165.79.

Sprouts Farmers Market Stock Performance

NASDAQ:SFM opened at $106.25 on Monday. Sprouts Farmers Market, Inc. has a 52 week low of $98.75 and a 52 week high of $182.00. The firm has a market cap of $10.38 billion, a price-to-earnings ratio of 21.86, a P/E/G ratio of 1.20 and a beta of 0.77. The firm’s 50-day simple moving average is $123.62 and its 200 day simple moving average is $148.67.

Sprouts Farmers Market (NASDAQ:SFM) last released its quarterly earnings results on Wednesday, July 30th. The company reported $1.35 EPS for the quarter, topping analysts’ consensus estimates of $1.23 by $0.12. Sprouts Farmers Market had a net margin of 5.77% and a return on equity of 36.53%. The business had revenue of $2.22 billion for the quarter, compared to analyst estimates of $2.16 billion. During the same period last year, the firm earned $0.94 earnings per share. Sprouts Farmers Market’s revenue for the quarter was up 17.3% compared to the same quarter last year. Sprouts Farmers Market has set its FY 2025 guidance at 5.200-5.320 EPS. Q3 2025 guidance at 1.120-1.160 EPS. Sell-side analysts anticipate that Sprouts Farmers Market, Inc. will post 4.29 EPS for the current year.

Sprouts Farmers Market announced that its Board of Directors has initiated a share repurchase program on Tuesday, August 19th that permits the company to buyback $0.00 in outstanding 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 leadership believes its stock is undervalued.

Insider Activity

In other Sprouts Farmers Market news, CEO Jack Sinclair sold 4,045 shares of the stock in a transaction dated Monday, October 6th. The shares were sold at an average price of $103.00, for a total transaction of $416,635.00. Following the sale, the chief executive officer directly owned 174,740 shares in the company, valued at $17,998,220. This represents a 2.26% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Kim Coffin sold 651 shares of the stock in a transaction dated Thursday, August 28th. The stock was sold at an average price of $141.58, for a total transaction of $92,168.58. Following the sale, the senior vice president owned 11,235 shares in the company, valued at $1,590,651.30. The trade was a 5.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 38,429 shares of company stock valued at $5,351,362. Company insiders own 1.10% of the company’s stock.

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.