M&G PLC Takes $10.63 Million Position in Sprouts Farmers Market, Inc. $SFM

M&G PLC acquired a new stake in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 64,437 shares of the company’s stock, valued at approximately $10,632,000. M&G PLC owned approximately 0.07% of Sprouts Farmers Market at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in SFM. New York State Common Retirement Fund lifted its holdings in Sprouts Farmers Market by 1.0% during the 1st quarter. New York State Common Retirement Fund now owns 111,898 shares of the company’s stock worth $17,080,000 after buying an additional 1,106 shares in the last quarter. CWM LLC increased its stake in Sprouts Farmers Market by 8.9% in the 1st quarter. CWM LLC now owns 2,801 shares of the company’s stock valued at $428,000 after buying an additional 230 shares during the last quarter. Edgestream Partners L.P. boosted its position in Sprouts Farmers Market by 40.3% during the first quarter. Edgestream Partners L.P. now owns 31,653 shares of the company’s stock valued at $4,832,000 after purchasing an additional 9,094 shares during the last quarter. Signaturefd LLC increased its holdings in Sprouts Farmers Market by 12.3% during the first quarter. Signaturefd LLC now owns 3,645 shares of the company’s stock worth $556,000 after buying an additional 399 shares during the last quarter. Finally, Sigma Planning Corp bought a new stake in Sprouts Farmers Market in the first quarter valued at approximately $270,000.

Insider Activity at Sprouts Farmers Market

In related news, insider Dustin Hamilton sold 868 shares of the company’s stock in a transaction on Tuesday, October 14th. The shares were sold at an average price of $108.50, for a total value of $94,178.00. Following the completion of the transaction, the insider directly owned 15,481 shares in the company, valued at approximately $1,679,688.50. The trade was a 5.31% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Kim Coffin sold 651 shares of the company’s stock in a transaction dated Thursday, August 28th. The stock was sold at an average price of $141.58, for a total value 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 $1,590,651.30. The trade was a 5.48% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 21,447 shares of company stock valued at $2,800,812. Company insiders own 1.10% of the company’s stock.

Wall Street Analysts Forecast Growth

SFM has been the topic of several recent research reports. Jefferies Financial Group upgraded Sprouts Farmers Market from a “hold” rating to a “buy” rating and set a $190.00 price objective on the stock in a research report on Friday, August 1st. BMO Capital Markets set a $90.00 target price on Sprouts Farmers Market in a report on Thursday, October 30th. Evercore ISI dropped their price target on shares of Sprouts Farmers Market from $175.00 to $130.00 and set an “outperform” rating for the company in a research note on Monday, October 27th. The Goldman Sachs Group lowered their price objective on Sprouts Farmers Market from $178.00 to $152.00 and set a “buy” rating for the company in a research report on Thursday, October 30th. Finally, JPMorgan Chase & Co. reduced their target price on Sprouts Farmers Market from $124.00 to $91.00 and set a “neutral” rating on the stock in a report on Thursday, October 30th. Nine equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $137.86.

Sprouts Farmers Market Price Performance

NASDAQ SFM opened at $82.12 on Thursday. The company’s 50 day simple moving average is $108.54 and its two-hundred day simple moving average is $141.89. Sprouts Farmers Market, Inc. has a 1 year low of $75.75 and a 1 year high of $182.00. The stock has a market capitalization of $8.00 billion, a PE ratio of 15.88, a P/E/G ratio of 1.18 and a beta of 0.72.

Sprouts Farmers Market (NASDAQ:SFM) last released its quarterly earnings results on Wednesday, October 29th. The company reported $1.22 earnings per share for the quarter, topping 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 firm had revenue of $2.20 billion for the quarter, compared to analysts’ expectations of $2.23 billion. During the same quarter in the prior year, the firm posted $0.91 earnings per share. The business’s quarterly 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, research analysts anticipate that Sprouts Farmers Market, Inc. will post 4.29 EPS for the current year.

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