Engineers Gate Manager LP Acquires 53,602 Shares of Sprouts Farmers Market, Inc. $SFM

Engineers Gate Manager LP raised its holdings in Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 96.3% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 109,244 shares of the company’s stock after acquiring an additional 53,602 shares during the quarter. Engineers Gate Manager LP’s holdings in Sprouts Farmers Market were worth $17,986,000 as of its most recent filing with the Securities & Exchange Commission.

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 valued at $35,000. SVB Wealth LLC purchased a new position in Sprouts Farmers Market in the 1st quarter worth about $36,000. Brooklyn Investment Group lifted its holdings in Sprouts Farmers Market by 12,100.0% during the 1st quarter. Brooklyn Investment Group now owns 244 shares of the company’s stock valued at $37,000 after buying an additional 242 shares in the last quarter. Global Trust Asset Management LLC boosted its position in Sprouts Farmers Market by 520.8% in 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 during the period. Finally, Cullen Frost Bankers Inc. grew its stake in Sprouts Farmers Market by 60.5% in the 2nd quarter. Cullen Frost Bankers Inc. now owns 419 shares of the company’s stock worth $69,000 after acquiring an additional 158 shares in the last quarter.

Analysts Set New Price Targets

Several research firms have recently weighed in on SFM. Wells Fargo & Company decreased their price target on shares of Sprouts Farmers Market from $180.00 to $135.00 and set an “overweight” rating for the company in a research note on Thursday, October 30th. UBS Group set a $108.00 price objective on Sprouts Farmers Market in a report on Thursday, October 30th. Bank of America decreased their target price on Sprouts Farmers Market from $200.00 to $160.00 and set a “buy” rating for the company in a research report on Thursday, October 23rd. Zacks Research downgraded Sprouts Farmers Market from a “hold” rating to a “strong sell” rating in a research report on Friday, October 31st. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Sprouts Farmers Market in a research note on Monday. Nine equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $137.86.

Sprouts Farmers Market Stock Down 0.5%

Shares of NASDAQ SFM opened at $79.54 on Friday. Sprouts Farmers Market, Inc. has a 12-month low of $75.75 and a 12-month high of $182.00. The stock’s fifty day simple moving average is $90.94 and its two-hundred day simple moving average is $129.32. The stock has a market capitalization of $7.74 billion, a PE ratio of 15.38, a price-to-earnings-growth ratio of 0.92 and a beta of 0.70. The company has a current ratio of 1.05, a quick ratio of 0.53 and a debt-to-equity ratio of 0.04.

Sprouts Farmers Market (NASDAQ:SFM) last released its quarterly earnings results on Wednesday, October 29th. The company reported $1.22 EPS for the quarter, topping the consensus estimate of $1.17 by $0.05. Sprouts Farmers Market had a return on equity of 38.03% and a net margin of 5.93%.The firm had revenue of $2.20 billion during the quarter, compared to analyst estimates of $2.23 billion. During the same period in the previous year, the company posted $0.91 EPS. The business’s revenue for the quarter 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 and its Q4 2025 guidance at 0.860-0.900 EPS. As a group, analysts expect that Sprouts Farmers Market, Inc. will post 4.29 EPS for the current fiscal year.

Sprouts Farmers Market declared that its Board of Directors has initiated a share repurchase program on Tuesday, August 19th that allows the company to buyback $0.00 in outstanding shares. This buyback authorization allows the company to repurchase shares of its stock through open market purchases. Shares buyback programs are typically an indication that the company’s management believes its stock is undervalued.

Insiders Place Their Bets

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 completion of the sale, the chief executive officer directly owned 174,740 shares of the company’s stock, valued at approximately $17,998,220. This represents a 2.26% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Dustin Hamilton sold 868 shares of Sprouts Farmers Market stock in a transaction that occurred on Tuesday, October 14th. The stock was sold at an average price of $108.50, for a total transaction of $94,178.00. Following the completion of the transaction, the insider directly owned 15,481 shares in the company, valued at approximately $1,679,688.50. The trade was a 5.31% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 22,384 shares of company stock worth $1,999,342. 1.10% of the stock is owned by corporate insiders.

About Sprouts Farmers Market

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.