Jupiter Asset Management Ltd. Sells 20,536 Shares of Sprouts Farmers Market, Inc. $SFM

Jupiter Asset Management Ltd. lessened its holdings in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 4.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 415,739 shares of the company’s stock after selling 20,536 shares during the quarter. Jupiter Asset Management Ltd.’s holdings in Sprouts Farmers Market were worth $68,447,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Dimensional Fund Advisors LP boosted its stake in shares of Sprouts Farmers Market by 0.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,217,900 shares of the company’s stock worth $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 lifted its holdings in Sprouts Farmers Market by 2.8% during the 1st 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 purchasing an additional 36,548 shares during the last quarter. Wellington Management Group LLP boosted its position in Sprouts Farmers Market by 300.3% during the first quarter. Wellington Management Group LLP now owns 1,037,187 shares of the company’s stock worth $158,316,000 after purchasing an additional 778,079 shares during the period. Charles Schwab Investment Management Inc. boosted its position in Sprouts Farmers Market by 1.0% during the first quarter. Charles Schwab Investment Management Inc. now owns 997,152 shares of the company’s stock worth $152,205,000 after purchasing an additional 10,059 shares during the period. Finally, Driehaus Capital Management LLC increased its holdings 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 purchasing an additional 28,595 shares during the last quarter.

Insider Activity at Sprouts Farmers Market

In related news, SVP Kim Coffin sold 651 shares of the company’s stock in a transaction that occurred on Thursday, August 28th. The shares were 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 directly owned 11,235 shares in the company, valued at $1,590,651.30. This represents a 5.48% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, 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 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 of the company’s stock, valued at $17,998,220. This trade represents a 2.26% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 21,447 shares of company stock valued at $2,800,812. Company insiders own 1.10% of the company’s stock.

Analyst Upgrades and Downgrades

SFM has been the subject of a number of research reports. BMO Capital Markets set a $90.00 target price on shares of Sprouts Farmers Market in a research note on Thursday, October 30th. Roth Capital restated a “neutral” rating and set a $91.00 price objective on shares of Sprouts Farmers Market in a research report on Thursday, October 30th. Wells Fargo & Company reduced their price objective on Sprouts Farmers Market from $180.00 to $135.00 and set an “overweight” rating for the company in a report on Thursday, October 30th. The Goldman Sachs Group lowered their target price 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. Finally, Royal Bank Of Canada reduced their price target on Sprouts Farmers Market from $148.00 to $140.00 and set an “outperform” rating for the company in a research note on Thursday, October 30th. Nine equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $137.86.

Sprouts Farmers Market Stock Down 1.2%

Shares of Sprouts Farmers Market stock opened at $78.02 on Wednesday. The company has a market capitalization of $7.60 billion, a price-to-earnings ratio of 15.09, a PEG ratio of 1.18 and a beta of 0.72. The firm’s 50-day moving average price is $109.67 and its two-hundred day moving average price is $142.31. Sprouts Farmers Market, Inc. has a 12-month low of $75.75 and a 12-month high of $182.00.

Sprouts Farmers Market (NASDAQ:SFM) last announced its quarterly earnings data on Wednesday, October 29th. The company reported $1.22 EPS for the quarter, beating the consensus estimate of $1.17 by $0.05. Sprouts Farmers Market had a net margin of 5.93% and a return on equity of 38.83%. The business had revenue of $2.20 billion during the quarter, compared to the consensus estimate of $2.23 billion. During the same period in the previous year, the business earned $0.91 earnings per share. The company’s revenue was up 13.1% on a year-over-year basis. 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, sell-side analysts expect that Sprouts Farmers Market, Inc. will post 4.29 earnings per share for the current year.

Sprouts Farmers Market declared that its board has approved a share buyback program on Tuesday, August 19th that authorizes the company to repurchase $0.00 in outstanding shares. This repurchase authorization authorizes the company to purchase shares of its stock through open market purchases. Shares repurchase programs are typically an indication that the company’s board of directors believes its shares are undervalued.

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.