Bayforest Capital Ltd Has $1.07 Million Stock Position in Sprouts Farmers Market, Inc. $SFM

Bayforest Capital Ltd increased its position in Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 394.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,478 shares of the company’s stock after purchasing an additional 5,169 shares during the quarter. Sprouts Farmers Market makes up 0.5% of Bayforest Capital Ltd’s portfolio, making the stock its 27th biggest position. Bayforest Capital Ltd’s holdings in Sprouts Farmers Market were worth $1,067,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Sowell Financial Services LLC acquired a new stake in Sprouts Farmers Market in the first quarter worth about $270,000. AMF Tjanstepension AB acquired a new position in shares of Sprouts Farmers Market during the 2nd quarter worth about $1,580,000. Silver Oak Securities Incorporated acquired a new position in shares of Sprouts Farmers Market during the 2nd quarter worth about $727,000. Maverick Capital Ltd. acquired a new position in shares of Sprouts Farmers Market during the 1st quarter worth about $8,341,000. Finally, Andrew Hill Investment Advisors Inc. acquired a new position in shares of Sprouts Farmers Market during the 2nd quarter worth about $3,128,000.

Sprouts Farmers Market Trading Up 3.7%

SFM stock opened at $106.59 on Tuesday. The firm has a market capitalization of $10.42 billion, a PE ratio of 21.93, a PEG ratio of 1.16 and a beta of 0.77. Sprouts Farmers Market, Inc. has a 1-year low of $98.75 and a 1-year high of $182.00. The business’s 50 day simple moving average is $130.43 and its 200 day simple moving average is $151.21.

Sprouts Farmers Market (NASDAQ:SFM) last issued 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. Sprouts Farmers Market had a return on equity of 36.53% and a net margin of 5.77%.The firm had revenue of $2.22 billion for the quarter, compared to analyst estimates of $2.16 billion. During the same period in the prior year, the firm posted $0.94 EPS. The company’s revenue for the quarter 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. As a group, sell-side analysts predict that Sprouts Farmers Market, Inc. will post 4.29 EPS for the current fiscal year.

Sprouts Farmers Market announced that its Board of Directors has authorized a stock repurchase program on Tuesday, August 19th that allows the company to buyback $0.00 in shares. This buyback authorization allows the company to purchase shares of its stock through open market purchases. Stock buyback programs are often an indication that the company’s leadership believes its shares are undervalued.

Insider Transactions at Sprouts Farmers Market

In other Sprouts Farmers Market news, Director Joseph D. O’leary sold 2,937 shares of the company’s stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $150.07, for a total value of $440,755.59. Following the transaction, the director directly owned 14,994 shares of the company’s stock, valued at $2,250,149.58. This represents a 16.38% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Jack Sinclair sold 4,045 shares of the company’s stock in a transaction on Monday, October 6th. The shares were sold at an average price of $103.00, for a total value of $416,635.00. Following the sale, the chief executive officer owned 174,740 shares of the company’s stock, valued at approximately $17,998,220. The trade was a 2.26% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 37,561 shares of company stock worth $5,257,184. 1.10% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on SFM shares. JPMorgan Chase & Co. started coverage on Sprouts Farmers Market in a research report on Wednesday, August 20th. They set a “neutral” rating and a $159.00 target price for the company. 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 research report on Friday, August 1st. Weiss Ratings restated a “buy (b)” rating on shares of Sprouts Farmers Market in a research report on Saturday, September 27th. Royal Bank Of Canada set a $148.00 price objective on Sprouts Farmers Market and gave the company an “outperform” rating in a report on Monday. Finally, Barclays upgraded Sprouts Farmers Market from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $173.00 to $185.00 in a report on Thursday, July 31st. Ten analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $175.21.

About Sprouts Farmers Market

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.