Sprouts Farmers Market, Inc. $SFM Shares Bought by R Squared Ltd

R Squared Ltd lifted its position in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 33.7% during the second quarter, Holdings Channel reports. The firm owned 3,276 shares of the company’s stock after acquiring an additional 826 shares during the quarter. R Squared Ltd’s holdings in Sprouts Farmers Market were worth $539,000 as of its most recent filing with the SEC.

A number of other large investors have also recently made changes to their positions in the company. Carnegie Investment Counsel increased its position in Sprouts Farmers Market by 27.5% during the second quarter. Carnegie Investment Counsel now owns 8,295 shares of the company’s stock worth $1,366,000 after buying an additional 1,791 shares during the period. First Citizens Bank & Trust Co. increased its holdings in shares of Sprouts Farmers Market by 268.8% in the 2nd quarter. First Citizens Bank & Trust Co. now owns 9,984 shares of the company’s stock valued at $1,644,000 after acquiring an additional 7,277 shares during the period. Ethic Inc. raised its position in Sprouts Farmers Market by 267.2% in the 2nd quarter. Ethic Inc. now owns 6,647 shares of the company’s stock valued at $1,078,000 after purchasing an additional 4,837 shares during the last quarter. Cullen Frost Bankers Inc. increased its stake in shares of Sprouts Farmers Market by 60.5% during the second quarter. Cullen Frost Bankers Inc. now owns 419 shares of the company’s stock worth $69,000 after acquiring an additional 158 shares during the period. Finally, Mezzasalma Advisors LLC raised its holdings in Sprouts Farmers Market by 6.2% during the second quarter. Mezzasalma Advisors LLC now owns 22,409 shares of the company’s stock worth $3,689,000 after purchasing an additional 1,301 shares in the last quarter.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the company. Bank of America dropped their target price on Sprouts Farmers Market from $200.00 to $160.00 and set a “buy” rating on the stock in a research report on Thursday. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Sprouts Farmers Market in a report on Tuesday, October 14th. 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 note on Monday, October 13th. Evercore ISI decreased their price objective on shares of Sprouts Farmers Market from $185.00 to $180.00 and set an “outperform” rating on the stock in a report on Tuesday. Finally, UBS Group set a $180.00 price target on shares of Sprouts Farmers Market in a research report on Thursday, July 31st. Ten research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $165.79.

Insider Buying and Selling

In other news, CTO James H. Bahrenburg sold 4,292 shares of the business’s 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 transaction, the chief technology officer directly owned 9,167 shares of the company’s stock, valued at approximately $1,256,429.02. The trade was a 31.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at 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 value of $94,178.00. Following the sale, the insider owned 15,481 shares in the company, valued at $1,679,688.50. This represents a 5.31% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 38,429 shares of company stock valued at $5,351,362. 1.10% of the stock is owned by corporate insiders.

Sprouts Farmers Market Stock Performance

SFM stock opened at $108.28 on Friday. Sprouts Farmers Market, Inc. has a one year low of $98.75 and a one year high of $182.00. The company has a 50 day moving average price of $124.41 and a two-hundred day moving average price of $148.94. The stock has a market capitalization of $10.58 billion, a P/E ratio of 22.28, a PEG ratio of 1.22 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, beating analysts’ consensus estimates of $1.23 by $0.12. The company had revenue of $2.22 billion during the quarter, compared to the consensus estimate of $2.16 billion. Sprouts Farmers Market had a net margin of 5.77% and a return on equity of 36.53%. The company’s quarterly revenue was up 17.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.94 EPS. 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 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 has initiated a stock 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. Shares repurchase plans are usually a sign that the company’s board of directors 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.