Sprouts Farmers Market, Inc. $SFM Shares Acquired by Ethic Inc.

Ethic Inc. lifted its stake in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 267.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 6,647 shares of the company’s stock after acquiring an additional 4,837 shares during the quarter. Ethic Inc.’s holdings in Sprouts Farmers Market were worth $1,078,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in SFM. Wellington Management Group LLP increased its stake in shares of Sprouts Farmers Market by 300.3% during the first quarter. Wellington Management Group LLP now owns 1,037,187 shares of the company’s stock valued at $158,316,000 after acquiring an additional 778,079 shares during the period. Nuveen LLC acquired a new position in shares of Sprouts Farmers Market during the first quarter valued at approximately $106,852,000. Westfield Capital Management Co. LP acquired a new position in shares of Sprouts Farmers Market during the first quarter valued at approximately $71,699,000. Alyeska Investment Group L.P. acquired a new position in shares of Sprouts Farmers Market during the first quarter valued at approximately $55,711,000. Finally, Raiffeisen Bank International AG acquired a new position in shares of Sprouts Farmers Market during the first quarter valued at approximately $23,434,000.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on SFM. UBS Group set a $180.00 price objective on shares of Sprouts Farmers Market in a research note on Thursday, July 31st. The Goldman Sachs Group decreased their price target on shares of Sprouts Farmers Market from $209.00 to $178.00 and set a “buy” rating on the stock in a research report on Wednesday, October 22nd. Evercore ISI decreased their price target on shares of Sprouts Farmers Market from $185.00 to $180.00 and set an “outperform” rating on the stock in a research report on Tuesday, October 21st. Wall Street Zen upgraded shares of Sprouts Farmers Market from a “hold” rating to a “buy” rating in a research report on Sunday. Finally, Royal Bank Of Canada set a $148.00 price target on shares of Sprouts Farmers Market and gave the stock an “outperform” rating in a research report on Monday, October 13th. Ten investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, Sprouts Farmers Market currently has an average rating of “Moderate Buy” and an average price target of $165.79.

Insider Activity at Sprouts Farmers Market

In other Sprouts Farmers Market news, Director Joe Fortunato sold 10,000 shares of Sprouts Farmers Market stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $147.57, for a total transaction of $1,475,700.00. Following the completion of the sale, the director owned 18,164 shares of the company’s stock, valued at $2,680,461.48. This trade represents a 35.51% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CTO James H. Bahrenburg sold 4,292 shares of Sprouts Farmers Market stock in a transaction on Friday, September 12th. The shares were sold at an average price of $137.06, for a total transaction of $588,261.52. Following the sale, the chief technology officer directly owned 9,167 shares of the company’s stock, valued at $1,256,429.02. This trade represents a 31.89% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 38,429 shares of company stock worth $5,351,362. 1.10% of the stock is currently owned by company insiders.

Sprouts Farmers Market Stock Performance

Sprouts Farmers Market stock opened at $106.25 on Monday. The company has a 50 day moving average price of $123.62 and a 200 day moving average price of $148.67. Sprouts Farmers Market, Inc. has a 52 week low of $98.75 and a 52 week high of $182.00. The firm has a market capitalization of $10.38 billion, a price-to-earnings ratio of 21.86, a P/E/G ratio of 1.20 and a beta of 0.77.

Sprouts Farmers Market (NASDAQ:SFM) last posted its quarterly earnings data on Wednesday, July 30th. The company reported $1.35 EPS for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $2.22 billion during the quarter, compared to analyst estimates of $2.16 billion. During the same quarter last year, the business posted $0.94 EPS. The company’s revenue was up 17.3% on a year-over-year basis. Sprouts Farmers Market has set its FY 2025 guidance at 5.200-5.320 EPS. Q3 2025 guidance at 1.120-1.160 EPS. Equities analysts forecast that Sprouts Farmers Market, Inc. will post 4.29 earnings per share for the current fiscal 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 buyback $0.00 in shares. This buyback authorization authorizes the company to buy shares of its stock through open market purchases. Shares buyback plans are generally a sign that the company’s leadership believes its stock is undervalued.

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.