Bank of New York Mellon Corp Decreases Stock Holdings in Sprouts Farmers Market, Inc. $SFM

Bank of New York Mellon Corp reduced its position in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 10.4% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 770,805 shares of the company’s stock after selling 89,333 shares during the period. Bank of New York Mellon Corp owned 0.79% of Sprouts Farmers Market worth $126,905,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the business. Corton Capital Inc. purchased a new stake in Sprouts Farmers Market in the 2nd quarter worth approximately $269,000. Bank of Montreal Can lifted its stake in Sprouts Farmers Market by 9.0% in the second quarter. Bank of Montreal Can now owns 69,867 shares of the company’s stock worth $11,503,000 after acquiring an additional 5,793 shares during the period. Burney Co. boosted its holdings in Sprouts Farmers Market by 27.9% in the second quarter. Burney Co. now owns 16,593 shares of the company’s stock valued at $2,732,000 after acquiring an additional 3,619 shares in the last quarter. Sigma Planning Corp increased its position in Sprouts Farmers Market by 19.5% during the 2nd quarter. Sigma Planning Corp now owns 2,111 shares of the company’s stock valued at $348,000 after purchasing an additional 345 shares during the period. Finally, Versor Investments LP bought a new position in Sprouts Farmers Market in the 2nd quarter worth $2,656,000.

Sprouts Farmers Market Trading Down 2.4%

Sprouts Farmers Market stock opened at $77.84 on Friday. Sprouts Farmers Market, Inc. has a 12 month low of $75.75 and a 12 month high of $182.00. The company has a market capitalization of $7.58 billion, a price-to-earnings ratio of 15.06, a price-to-earnings-growth ratio of 1.18 and a beta of 0.72. The business’s fifty day simple moving average is $113.34 and its two-hundred day simple moving average is $144.40.

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

Sprouts Farmers Market announced that its board has approved a stock repurchase plan on Tuesday, August 19th that allows the company to buyback $0.00 in outstanding shares. This buyback authorization allows the company to purchase shares of its stock through open market purchases. Shares buyback plans are usually a sign that the company’s board of directors believes its stock is undervalued.

Insiders Place Their Bets

In other news, insider Dustin Hamilton sold 7,200 shares of the stock in a transaction that occurred on 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 sale, the insider owned 16,349 shares in the company, valued at $2,271,693.55. This represents a 30.57% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Kim Coffin sold 651 shares of the business’s stock in a transaction that occurred on Thursday, August 28th. The stock was sold at an average price of $141.58, for a total transaction of $92,168.58. Following the completion of the transaction, the senior vice president owned 11,235 shares of the company’s stock, valued at approximately $1,590,651.30. The trade was a 5.48% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 31,447 shares of company stock valued at $4,276,512. 1.10% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on SFM. UBS Group set a $108.00 target price on shares of Sprouts Farmers Market in a research note on Thursday, October 30th. Evercore ISI cut their price objective on Sprouts Farmers Market from $175.00 to $130.00 and set an “outperform” rating on the stock in a research report on Monday, October 27th. Royal Bank Of Canada reduced their target price on Sprouts Farmers Market from $148.00 to $140.00 and set an “outperform” rating on the stock in a report on Thursday, October 30th. Weiss Ratings cut Sprouts Farmers Market from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, October 30th. Finally, Wells Fargo & Company dropped their price target on Sprouts Farmers Market from $180.00 to $135.00 and set an “overweight” rating on the stock in a research report on Thursday, October 30th. Nine research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Sprouts Farmers Market presently has a consensus rating of “Moderate Buy” and an average target price of $137.86.

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.