Strs Ohio Cuts Stock Position in Sprouts Farmers Market, Inc. $SFM

Strs Ohio lowered its holdings in Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 54.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 9,926 shares of the company’s stock after selling 11,674 shares during the period. Strs Ohio’s holdings in Sprouts Farmers Market were worth $1,634,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Dimensional Fund Advisors LP boosted its position in Sprouts Farmers Market by 0.7% in the first quarter. Dimensional Fund Advisors LP now owns 2,217,900 shares of the company’s stock worth $338,481,000 after purchasing an additional 15,930 shares during 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 first 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 buying an additional 36,548 shares during the period. Wellington Management Group LLP raised its stake in shares of Sprouts Farmers Market by 300.3% in the first quarter. Wellington Management Group LLP now owns 1,037,187 shares of the company’s stock valued at $158,316,000 after buying an additional 778,079 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in 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 worth $152,205,000 after acquiring an additional 10,059 shares during the last quarter. Finally, Driehaus Capital Management LLC increased its holdings in Sprouts Farmers Market by 3.0% in the 1st quarter. Driehaus Capital Management LLC now owns 971,380 shares of the company’s stock worth $148,271,000 after acquiring an additional 28,595 shares during the last quarter.

Sprouts Farmers Market Stock Down 0.2%

Shares of NASDAQ SFM opened at $83.69 on Wednesday. The firm has a market capitalization of $8.15 billion, a P/E ratio of 16.19, a P/E/G ratio of 1.18 and a beta of 0.77. The stock’s 50-day simple moving average is $115.91 and its two-hundred day simple moving average is $145.32. Sprouts Farmers Market, Inc. has a twelve month low of $75.75 and a twelve month high of $182.00.

Sprouts Farmers Market (NASDAQ:SFM) last issued its quarterly earnings results on Wednesday, October 29th. The company reported $1.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.17 by $0.05. The firm had revenue of $2.20 billion during the quarter, compared to the consensus estimate of $2.23 billion. Sprouts Farmers Market had a return on equity of 38.83% and a net margin of 5.93%.The company’s revenue for the quarter was up 13.1% on a year-over-year basis. During the same quarter last year, the company posted $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, research analysts anticipate that Sprouts Farmers Market, Inc. will post 4.29 EPS for the current fiscal year.

Sprouts Farmers Market declared that its Board of Directors has approved a stock repurchase plan on Tuesday, August 19th that permits the company to buyback $0.00 in outstanding shares. This buyback authorization permits the company to repurchase shares of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s management believes its shares are undervalued.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Barclays decreased their price objective on Sprouts Farmers Market from $185.00 to $122.00 and set an “overweight” rating for the company in a report on Thursday, October 30th. Wall Street Zen lowered Sprouts Farmers Market from a “buy” rating to a “hold” rating in a report on Monday. Weiss Ratings lowered Sprouts Farmers Market from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, October 30th. Evercore ISI decreased their price objective on Sprouts Farmers Market from $175.00 to $130.00 and set an “outperform” rating for the company in a report on Monday, October 27th. Finally, The Goldman Sachs Group decreased their price objective 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 investment 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’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $137.86.

Insider Activity

In other news, Director Joe Fortunato sold 10,000 shares of Sprouts Farmers Market stock in a transaction dated Tuesday, August 12th. The stock was 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 in the company, valued at approximately $2,680,461.48. This trade represents a 35.51% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Kim Coffin sold 651 shares of Sprouts Farmers Market stock in a transaction dated Thursday, August 28th. The shares were sold at an average price of $141.58, for a total value of $92,168.58. Following the sale, the senior vice president owned 11,235 shares of the company’s stock, valued at approximately $1,590,651.30. This trade represents a 5.48% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 31,447 shares of company stock worth $4,276,512. Company 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.