Dynamic Technology Lab Private Ltd Reduces Stock Position in Sprouts Farmers Market, Inc. $SFM

Dynamic Technology Lab Private Ltd cut its holdings in Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 28.0% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 18,870 shares of the company’s stock after selling 7,334 shares during the period. Sprouts Farmers Market accounts for 0.4% of Dynamic Technology Lab Private Ltd’s investment portfolio, making the stock its 15th biggest position. Dynamic Technology Lab Private Ltd’s holdings in Sprouts Farmers Market were worth $3,107,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Truvestments Capital LLC purchased a new stake in shares of Sprouts Farmers Market during the first quarter worth $35,000. SVB Wealth LLC purchased a new stake in Sprouts Farmers Market during the 1st quarter worth about $36,000. Brooklyn Investment Group boosted its stake in Sprouts Farmers Market by 12,100.0% in the 1st quarter. Brooklyn Investment Group now owns 244 shares of the company’s stock worth $37,000 after purchasing an additional 242 shares during the period. Global Trust Asset Management LLC grew its holdings in Sprouts Farmers Market by 520.8% during the 2nd quarter. Global Trust Asset Management LLC now owns 298 shares of the company’s stock valued at $49,000 after buying an additional 250 shares in the last quarter. Finally, Cullen Frost Bankers Inc. grew its holdings in Sprouts Farmers Market by 60.5% during the 2nd quarter. Cullen Frost Bankers Inc. now owns 419 shares of the company’s stock valued at $69,000 after buying an additional 158 shares in the last quarter.

Sprouts Farmers Market Stock Performance

NASDAQ SFM opened at $81.81 on Thursday. Sprouts Farmers Market, Inc. has a 52-week low of $75.75 and a 52-week high of $182.00. The company has a fifty day moving average of $102.95 and a 200-day moving average of $138.74. The company has a market capitalization of $7.97 billion, a P/E ratio of 15.82, a P/E/G ratio of 1.18 and a beta of 0.72.

Sprouts Farmers Market (NASDAQ:SFM) last released its quarterly earnings results on Wednesday, October 29th. The company reported $1.22 earnings per share for the quarter, beating 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 business had revenue of $2.20 billion for the quarter, compared to the consensus estimate of $2.23 billion. During the same quarter last year, the business posted $0.91 earnings per share. The company’s revenue for the quarter 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, analysts forecast 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 authorized a stock repurchase plan on Tuesday, August 19th that authorizes the company to buyback $0.00 in shares. This buyback authorization authorizes the company to purchase shares of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.

Insider Buying and Selling at Sprouts Farmers Market

In related news, insider Dustin Hamilton sold 868 shares of the stock in a transaction on Tuesday, October 14th. The shares were sold at an average price of $108.50, for a total transaction of $94,178.00. Following the transaction, the insider owned 15,481 shares of the company’s stock, valued at approximately $1,679,688.50. This trade represents a 5.31% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CTO James H. Bahrenburg sold 4,292 shares of Sprouts Farmers Market stock in a transaction 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 owned 9,167 shares in the company, valued at approximately $1,256,429.02. The trade was a 31.89% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 21,447 shares of company stock worth $2,800,812 over the last 90 days. Company insiders own 1.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Zacks Research lowered shares of Sprouts Farmers Market from a “hold” rating to a “strong sell” rating in a research report on Friday, October 31st. Wells Fargo & Company lowered 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. Evercore ISI reduced 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. BMO Capital Markets set a $90.00 price objective on Sprouts Farmers Market in a research report on Thursday, October 30th. Finally, JPMorgan Chase & Co. dropped their price objective on Sprouts Farmers Market from $124.00 to $91.00 and set a “neutral” rating for the company in a research note on Thursday, October 30th. Nine analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target 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.