Raiffeisen Bank International AG Purchases 21,870 Shares of Sprouts Farmers Market, Inc. $SFM

Raiffeisen Bank International AG boosted its holdings in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 13.8% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 180,470 shares of the company’s stock after purchasing an additional 21,870 shares during the period. Raiffeisen Bank International AG’s holdings in Sprouts Farmers Market were worth $29,709,000 at the end of the most recent reporting period.

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

Analyst Upgrades and Downgrades

Several equities research analysts 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 note on Friday, October 31st. Weiss Ratings lowered shares of Sprouts Farmers Market from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, October 30th. Roth Capital restated a “neutral” rating and issued a $91.00 target price on shares of Sprouts Farmers Market in a report on Thursday, October 30th. Wells Fargo & Company decreased their target price 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. Finally, The Goldman Sachs Group dropped their price target on Sprouts Farmers Market from $178.00 to $152.00 and set a “buy” rating on the stock in a research note on Thursday, October 30th. Nine research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $137.86.

Insiders Place Their Bets

In related news, CTO James H. Bahrenburg sold 4,292 shares of the stock in a transaction dated 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 sale, the chief technology officer owned 9,167 shares in the company, valued at approximately $1,256,429.02. This trade represents a 31.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Kim Coffin sold 651 shares of the business’s stock in a transaction that occurred on Thursday, August 28th. The stock was sold at an average price of $141.58, for a total value of $92,168.58. Following the completion of the transaction, the senior vice president directly owned 11,235 shares in the company, valued at approximately $1,590,651.30. This represents a 5.48% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 21,447 shares of company stock worth $2,800,812. 1.10% of the stock is currently owned by insiders.

Sprouts Farmers Market Trading Up 0.1%

Sprouts Farmers Market stock opened at $81.79 on Monday. Sprouts Farmers Market, Inc. has a 12-month low of $75.75 and a 12-month high of $182.00. The firm has a market capitalization of $7.96 billion, a price-to-earnings ratio of 15.82, a P/E/G ratio of 1.18 and a beta of 0.72. The firm has a 50 day moving average of $106.23 and a 200 day moving average of $140.42.

Sprouts Farmers Market (NASDAQ:SFM) last announced its quarterly earnings data on Wednesday, October 29th. The company reported $1.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.17 by $0.05. Sprouts Farmers Market had a net margin of 5.93% and a return on equity of 38.83%. The firm had revenue of $2.20 billion during the quarter, compared to analysts’ expectations of $2.23 billion. During the same period in the prior year, the company posted $0.91 earnings per share. The company’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. Q4 2025 guidance at 0.860-0.900 EPS. On average, analysts predict 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 plan on Tuesday, August 19th that authorizes the company to repurchase $0.00 in outstanding shares. This repurchase authorization authorizes the company to purchase shares of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board believes its stock is undervalued.

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.