Sprouts Farmers Market, Inc. $SFM Shares Acquired by Abel Hall LLC

Abel Hall LLC grew its stake in Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 38.0% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,326 shares of the company’s stock after purchasing an additional 641 shares during the quarter. Abel Hall LLC’s holdings in Sprouts Farmers Market were worth $383,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the stock. Dimensional Fund Advisors LP raised its stake in shares of Sprouts Farmers Market by 0.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,217,900 shares of the company’s stock valued at $338,481,000 after purchasing an additional 15,930 shares in the last quarter. Assenagon Asset Management S.A. raised its stake in shares of Sprouts Farmers Market by 1,033.4% in the 1st quarter. Assenagon Asset Management S.A. now owns 1,476,351 shares of the company’s stock valued at $225,350,000 after purchasing an additional 1,346,097 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of Sprouts Farmers Market by 2.8% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,331,176 shares of the company’s stock valued at $203,191,000 after purchasing an additional 36,548 shares in the last quarter. Wellington Management Group LLP raised its stake in shares of Sprouts Farmers Market by 300.3% in the 1st quarter. Wellington Management Group LLP now owns 1,037,187 shares of the company’s stock valued at $158,316,000 after purchasing an additional 778,079 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Sprouts Farmers Market by 1.0% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 997,152 shares of the company’s stock valued at $152,205,000 after purchasing an additional 10,059 shares in the last quarter.

Sprouts Farmers Market Stock Up 1.1%

SFM opened at $102.84 on Wednesday. The company’s 50-day moving average price is $134.42 and its 200 day moving average price is $152.40. Sprouts Farmers Market, Inc. has a fifty-two week low of $98.75 and a fifty-two week high of $182.00. The firm has a market cap of $10.05 billion, a price-to-earnings ratio of 21.16, a price-to-earnings-growth ratio of 1.15 and a beta of 0.77.

Sprouts Farmers Market (NASDAQ:SFM) last announced its quarterly earnings results on Wednesday, July 30th. The company reported $1.35 EPS for the quarter, beating the consensus estimate 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 company had revenue of $2.22 billion for the quarter, compared to analyst estimates of $2.16 billion. During the same quarter last year, the business earned $0.94 earnings per share. Sprouts Farmers Market’s revenue 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. Research analysts anticipate that Sprouts Farmers Market, Inc. will post 4.29 earnings per share for the current year.

Sprouts Farmers Market declared that its board has initiated a stock repurchase plan on Tuesday, August 19th that authorizes the company to repurchase $0.00 in shares. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on SFM. Weiss Ratings restated a “buy (b)” rating on shares of Sprouts Farmers Market in a research note on Saturday, September 27th. JPMorgan Chase & Co. assumed coverage on shares of Sprouts Farmers Market in a research note on Wednesday, August 20th. They set a “neutral” rating and a $159.00 price objective on the stock. Wells Fargo & Company upgraded shares of Sprouts Farmers Market from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $175.00 to $180.00 in a research note on Tuesday, August 5th. Jefferies Financial Group upgraded 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 note on Friday, August 1st. Finally, Royal Bank Of Canada increased their price objective on shares of Sprouts Farmers Market from $173.00 to $176.00 and gave the stock a “sector perform” rating in a research note on Thursday, July 31st. Nine equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, Sprouts Farmers Market presently has an average rating of “Moderate Buy” and an average price target of $177.21.

Insider Buying and Selling

In other Sprouts Farmers Market news, Director Joe Fortunato sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $147.57, for a total value of $1,475,700.00. Following the sale, the director owned 18,164 shares in the company, valued at approximately $2,680,461.48. This trade represents a 35.51% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Jack Sinclair sold 4,045 shares of the firm’s stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $138.60, for a total transaction of $560,637.00. Following the completion of the sale, the chief executive officer owned 174,740 shares in the company, valued at $24,218,964. The trade was a 2.26% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 33,516 shares of company stock valued at $4,840,549 in the last ninety days. 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.