Mutual of America Capital Management LLC Decreases Stock Holdings in Sprouts Farmers Market, Inc. $SFM

Mutual of America Capital Management LLC decreased its holdings in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 5.4% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 48,667 shares of the company’s stock after selling 2,796 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Sprouts Farmers Market were worth $8,013,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Dimensional Fund Advisors LP raised its stake in shares of 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 valued at $338,481,000 after acquiring an additional 15,930 shares during the period. 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 acquiring 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 acquiring an additional 778,079 shares during the period. Charles Schwab Investment Management Inc. raised its stake in shares of Sprouts Farmers Market by 1.0% in the first quarter. Charles Schwab Investment Management Inc. now owns 997,152 shares of the company’s stock valued at $152,205,000 after acquiring an additional 10,059 shares during the period. Finally, Driehaus Capital Management LLC raised its stake in shares of Sprouts Farmers Market by 3.0% in the first quarter. Driehaus Capital Management LLC now owns 971,380 shares of the company’s stock valued at $148,271,000 after acquiring an additional 28,595 shares during the period.

Sprouts Farmers Market Trading Down 1.2%

NASDAQ SFM opened at $110.47 on Tuesday. The company’s 50-day moving average price is $126.63 and its 200-day moving average price is $149.77. The stock has a market cap of $10.80 billion, a PE ratio of 22.73, a PEG ratio of 1.26 and a beta of 0.77. Sprouts Farmers Market, Inc. has a 12 month low of $98.75 and a 12 month high of $182.00.

Sprouts Farmers Market (NASDAQ:SFM) last posted its quarterly earnings results 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 for the quarter, compared to analysts’ expectations of $2.16 billion. During the same period in the prior year, the business posted $0.94 earnings per share. The business’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 forecast that Sprouts Farmers Market, Inc. will post 4.29 earnings per share for the current year.

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

Insider Activity at Sprouts Farmers Market

In other Sprouts Farmers Market news, insider Dustin Hamilton sold 7,200 shares of the stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $138.95, for a total transaction of $1,000,440.00. Following the transaction, the insider directly owned 16,349 shares in the company, valued at $2,271,693.55. This represents a 30.57% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Jack Sinclair sold 4,045 shares of the stock in a transaction dated Monday, October 6th. The stock was sold at an average price of $103.00, for a total transaction of $416,635.00. Following the transaction, the chief executive officer owned 174,740 shares in the company, 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. Insiders sold 38,429 shares of company stock worth $5,351,362 over the last quarter. Corporate insiders own 1.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on SFM shares. Evercore ISI reduced their target price on shares of Sprouts Farmers Market from $190.00 to $185.00 and set an “outperform” rating on the stock in a research note on Tuesday, October 14th. Wells Fargo & Company raised shares of Sprouts Farmers Market from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $175.00 to $180.00 in a research note on Tuesday, August 5th. Wall Street Zen downgraded shares of Sprouts Farmers Market from a “buy” rating to a “hold” rating in a research note on Saturday. Weiss Ratings restated a “buy (b-)” rating on shares of Sprouts Farmers Market in a report on Tuesday, October 14th. Finally, JPMorgan Chase & Co. assumed coverage on shares of Sprouts Farmers Market in a report on Wednesday, August 20th. They issued a “neutral” rating and a $159.00 price target on the stock. Ten investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, Sprouts Farmers Market has a consensus rating of “Moderate Buy” and an average target price of $176.29.

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.