Sage Rhino Capital LLC Sells 242 Shares of Sprouts Farmers Market, Inc. $SFM

Sage Rhino Capital LLC cut its stake in Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 16.1% in the 2nd quarter, Holdings Channel reports. The fund owned 1,262 shares of the company’s stock after selling 242 shares during the quarter. Sage Rhino Capital LLC’s holdings in Sprouts Farmers Market were worth $208,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Assenagon Asset Management S.A. boosted its holdings 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 worth $225,350,000 after purchasing an additional 1,346,097 shares in the last quarter. Wellington Management Group LLP lifted its position in 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 worth $158,316,000 after buying an additional 778,079 shares during the last quarter. Nuveen LLC purchased a new stake in Sprouts Farmers Market in the first quarter worth approximately $106,852,000. Westfield Capital Management Co. LP bought a new position in Sprouts Farmers Market during the first quarter valued at approximately $71,699,000. Finally, Alyeska Investment Group L.P. purchased a new position in shares of Sprouts Farmers Market during the first quarter worth approximately $55,711,000.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Wall Street Zen raised shares of Sprouts Farmers Market from a “hold” rating to a “buy” rating in a research note on Sunday, September 21st. UBS Group set a $180.00 price target on shares of Sprouts Farmers Market in a research report on Thursday, July 31st. Royal Bank Of Canada lifted their price objective on Sprouts Farmers Market from $173.00 to $176.00 and gave the stock a “sector perform” rating in a report on Thursday, July 31st. Jefferies Financial Group upgraded Sprouts Farmers Market from a “hold” rating to a “buy” rating and set a $190.00 target price for the company in a report on Friday, August 1st. Finally, Evercore ISI decreased their price target on Sprouts Farmers Market from $195.00 to $190.00 and set an “outperform” rating on the stock in a research note on Tuesday, August 12th. Eight analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $178.64.

Insider Activity

In other news, Director Joe Fortunato sold 10,000 shares of the stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $147.57, for a total value of $1,475,700.00. Following the completion of the transaction, the director owned 18,164 shares of the company’s stock, valued at approximately $2,680,461.48. This represents a 35.51% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CTO James H. Bahrenburg sold 4,292 shares of the stock in a transaction on Friday, September 12th. The stock was sold at an average price of $137.06, for a total value of $588,261.52. Following the completion of the transaction, the chief technology officer owned 9,167 shares of the company’s stock, valued at approximately $1,256,429.02. This trade represents a 31.89% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 39,561 shares of company stock worth $5,828,401. Company insiders own 1.10% of the company’s stock.

Sprouts Farmers Market Stock Down 1.3%

Shares of SFM stock opened at $109.88 on Monday. The firm has a market capitalization of $10.74 billion, a price-to-earnings ratio of 22.61, a PEG ratio of 1.24 and a beta of 0.87. The stock has a fifty day moving average of $142.32 and a 200 day moving average of $154.15. Sprouts Farmers Market, Inc. has a 52 week low of $107.36 and a 52 week high of $182.00.

Sprouts Farmers Market (NASDAQ:SFM) last issued its quarterly earnings data on Wednesday, July 30th. The company reported $1.35 EPS for the quarter, topping the consensus estimate of $1.23 by $0.12. The business had revenue of $2.22 billion during the quarter, compared to analyst estimates 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 revenue for the quarter was up 17.3% on a year-over-year basis. During the same period in the prior year, the business earned $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. Equities 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 authorized a share buyback plan on Tuesday, August 19th that authorizes the company to buyback $0.00 in shares. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Shares buyback plans are generally an indication that the company’s leadership believes its shares are 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.