Quent Capital LLC Sells 291 Shares of Sprouts Farmers Market, Inc. $SFM

Quent Capital LLC decreased its holdings in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 8.0% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,334 shares of the company’s stock after selling 291 shares during the period. Quent Capital LLC’s holdings in Sprouts Farmers Market were worth $549,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Dogwood Wealth Management LLC bought a new position in shares of Sprouts Farmers Market in the 1st quarter worth approximately $30,000. Truvestments Capital LLC bought a new position in shares of Sprouts Farmers Market in the 1st quarter worth approximately $35,000. SVB Wealth LLC bought a new position in shares of Sprouts Farmers Market in the 1st quarter worth approximately $36,000. Brooklyn Investment Group raised its position in shares of Sprouts Farmers Market by 12,100.0% in the 1st quarter. Brooklyn Investment Group now owns 244 shares of the company’s stock worth $37,000 after acquiring an additional 242 shares in the last quarter. Finally, Global Trust Asset Management LLC raised its position in shares of Sprouts Farmers Market by 520.8% in the 2nd quarter. Global Trust Asset Management LLC now owns 298 shares of the company’s stock worth $49,000 after acquiring an additional 250 shares in the last quarter.

Insiders Place Their Bets

In other news, Director Joe Fortunato sold 10,000 shares of the firm’s stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $147.57, for a total value of $1,475,700.00. Following the transaction, the director directly owned 18,164 shares in the company, valued at $2,680,461.48. This trade represents a 35.51% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Jack Sinclair sold 4,045 shares of the firm’s stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $138.60, for a total value of $560,637.00. Following the completion of the transaction, the chief executive officer owned 174,740 shares in the company, valued at approximately $24,218,964. This trade represents a 2.26% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 37,561 shares of company stock worth $5,499,641. 1.10% of the stock is owned by corporate insiders.

Sprouts Farmers Market Trading Up 0.6%

Sprouts Farmers Market stock opened at $105.93 on Friday. The firm has a market cap of $10.35 billion, a price-to-earnings ratio of 21.80, a PEG ratio of 1.20 and a beta of 0.77. The stock has a fifty day simple moving average of $136.66 and a two-hundred day simple moving average of $152.94. Sprouts Farmers Market, Inc. has a 12 month low of $102.40 and a 12 month high of $182.00.

Sprouts Farmers Market (NASDAQ:SFM) last posted its 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. The business had revenue of $2.22 billion during the quarter, compared to analyst estimates of $2.16 billion. Sprouts Farmers Market had a return on equity of 36.53% and a net margin of 5.77%.The company’s quarterly revenue was up 17.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.94 EPS. Sprouts Farmers Market has set its FY 2025 guidance at 5.200-5.320 EPS. Q3 2025 guidance at 1.120-1.160 EPS. On average, equities research analysts forecast that Sprouts Farmers Market, Inc. will post 4.29 EPS for the current fiscal year.

Sprouts Farmers Market announced that its board has initiated a stock buyback plan on Tuesday, August 19th that authorizes the company to buyback $0.00 in shares. This buyback authorization authorizes the company to buy shares of its stock through open market purchases. Shares buyback plans are typically a sign that the company’s board believes its stock is undervalued.

Analyst Ratings Changes

SFM has been the subject of several research reports. Weiss Ratings reissued a “buy (b)” rating on shares of Sprouts Farmers Market in a research report on Saturday, September 27th. Evercore ISI reduced their price objective on Sprouts Farmers Market from $190.00 to $170.00 and set an “outperform” rating for the company in a research report on Friday. Wall Street Zen raised Sprouts Farmers Market from a “hold” rating to a “buy” rating in a research report on Sunday, September 21st. Barclays raised Sprouts Farmers Market from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $173.00 to $185.00 in a research report on Thursday, July 31st. Finally, 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 price objective for the company. Nine analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $177.21.

Sprouts Farmers Market 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.