Legal & General Group Plc Has $36.37 Million Stock Holdings in Sprouts Farmers Market, Inc. $SFM

Legal & General Group Plc decreased its stake in Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 1.8% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 220,916 shares of the company’s stock after selling 3,939 shares during the period. Legal & General Group Plc owned 0.23% of Sprouts Farmers Market worth $36,372,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. MAI Capital Management grew its stake in Sprouts Farmers Market by 13.9% in the second quarter. MAI Capital Management now owns 7,140 shares of the company’s stock valued at $1,176,000 after purchasing an additional 870 shares in the last quarter. Hillsdale Investment Management Inc. raised its stake in shares of Sprouts Farmers Market by 19.6% during the 2nd quarter. Hillsdale Investment Management Inc. now owns 50,040 shares of the company’s stock worth $8,239,000 after purchasing an additional 8,190 shares in the last quarter. Seeds Investor LLC acquired a new stake in shares of Sprouts Farmers Market in the 2nd quarter valued at approximately $203,000. Magnetar Financial LLC bought a new position in shares of Sprouts Farmers Market in the second quarter valued at $4,869,000. Finally, Marsico Capital Management LLC bought a new position in shares of Sprouts Farmers Market in the second quarter valued at $14,182,000.

Sprouts Farmers Market Stock Performance

NASDAQ SFM opened at $83.29 on Thursday. The stock has a market cap of $8.11 billion, a PE ratio of 16.11, a P/E/G ratio of 1.18 and a beta of 0.72. The firm has a 50-day moving average of $98.04 and a 200-day moving average of $135.78. Sprouts Farmers Market, Inc. has a 52-week low of $75.75 and a 52-week high of $182.00.

Sprouts Farmers Market (NASDAQ:SFM) last announced its quarterly earnings results on Wednesday, October 29th. The company reported $1.22 EPS for the quarter, beating analysts’ consensus estimates of $1.17 by $0.05. The business had revenue of $2.20 billion for the quarter, compared to analyst estimates of $2.23 billion. Sprouts Farmers Market had a net margin of 5.93% and a return on equity of 38.83%. Sprouts Farmers Market’s quarterly revenue was up 13.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $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. As a group, analysts predict 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 initiated a share buyback plan on Tuesday, August 19th that allows the company to repurchase $0.00 in shares. This repurchase authorization allows the company to reacquire shares of its stock through open market purchases. Shares repurchase plans are usually an indication that the company’s board believes its stock is undervalued.

Insider Activity

In other news, insider Dustin Hamilton sold 7,200 shares of the stock in a transaction that occurred on Thursday, September 11th. The stock was sold at an average price of $138.95, for a total transaction of $1,000,440.00. Following the transaction, the insider owned 16,349 shares in the company, valued at approximately $2,271,693.55. This trade represents a 30.57% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Jack Sinclair sold 4,045 shares of Sprouts Farmers Market stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $138.60, for a total value of $560,637.00. Following the sale, the chief executive officer directly owned 174,740 shares of the company’s stock, valued at approximately $24,218,964. The trade was a 2.26% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 20,796 shares of company stock valued at $2,708,643. 1.10% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Wall Street Zen lowered shares of Sprouts Farmers Market from a “buy” rating to a “hold” rating in a research report on Monday, November 3rd. Bank of America lowered 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 cut shares of Sprouts Farmers Market from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, October 30th. Royal Bank Of Canada reduced their price target on Sprouts Farmers Market from $148.00 to $140.00 and set an “outperform” rating for the company in a report on Thursday, October 30th. Finally, Roth Capital reissued a “neutral” rating and set a $91.00 price target on shares of Sprouts Farmers Market in a research report 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 company. According to MarketBeat.com, the company has an average 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.