SLT Holdings LLC Has $1.07 Million Stock Position in Sprouts Farmers Market, Inc. $SFM

SLT Holdings LLC trimmed its stake in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 2.8% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,523 shares of the company’s stock after selling 190 shares during the period. Sprouts Farmers Market comprises about 0.8% of SLT Holdings LLC’s portfolio, making the stock its 28th largest position. SLT Holdings LLC’s holdings in Sprouts Farmers Market were worth $1,074,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in SFM. Park Avenue Securities LLC raised its stake in shares of Sprouts Farmers Market by 2.6% in the 1st quarter. Park Avenue Securities LLC now owns 4,749 shares of the company’s stock valued at $725,000 after purchasing an additional 122 shares during the period. Farther Finance Advisors LLC raised its stake in shares of Sprouts Farmers Market by 104.3% in the 1st quarter. Farther Finance Advisors LLC now owns 2,143 shares of the company’s stock valued at $333,000 after purchasing an additional 1,094 shares during the period. GAMMA Investing LLC raised its position in Sprouts Farmers Market by 20.1% in the 1st quarter. GAMMA Investing LLC now owns 2,347 shares of the company’s stock valued at $358,000 after buying an additional 393 shares during the last quarter. SG Americas Securities LLC raised its position in Sprouts Farmers Market by 271.4% in the 1st quarter. SG Americas Securities LLC now owns 7,936 shares of the company’s stock valued at $1,211,000 after buying an additional 5,799 shares during the last quarter. Finally, Fifth Third Bancorp raised its position in Sprouts Farmers Market by 12.7% in the 1st quarter. Fifth Third Bancorp now owns 3,684 shares of the company’s stock valued at $562,000 after buying an additional 415 shares during the last quarter.

Insider Activity

In other Sprouts Farmers Market news, CTO James H. Bahrenburg sold 4,292 shares of the business’s stock in a transaction that occurred on Friday, September 12th. The stock was sold at an average price of $137.06, for a total transaction of $588,261.52. Following the transaction, the chief technology officer owned 9,167 shares of the company’s stock, valued at $1,256,429.02. The trade was a 31.89% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Jack Sinclair sold 4,045 shares of the business’s stock in a transaction that occurred on Monday, October 6th. The stock was sold at an average price of $103.00, for a total value of $416,635.00. Following the transaction, the chief executive officer directly owned 174,740 shares in the company, valued at $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. Over the last quarter, insiders have sold 37,561 shares of company stock valued at $5,257,184. 1.10% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. JPMorgan Chase & Co. began coverage on Sprouts Farmers Market in a research report on Wednesday, August 20th. They issued a “neutral” rating and a $159.00 target price on the stock. Wells Fargo & Company upgraded shares of Sprouts Farmers Market from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $175.00 to $180.00 in a report on Tuesday, August 5th. Evercore ISI lowered their price target on shares of Sprouts Farmers Market from $190.00 to $170.00 and set an “outperform” rating on the stock in a research note on Friday, October 3rd. Royal Bank Of Canada lifted their price target on shares of Sprouts Farmers Market from $173.00 to $176.00 and gave the company a “sector perform” rating in a research note on Thursday, July 31st. Finally, Barclays raised Sprouts Farmers Market from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $173.00 to $185.00 in a research report on Thursday, July 31st. Nine equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, Sprouts Farmers Market currently has a consensus rating of “Moderate Buy” and an average price target of $177.21.

Sprouts Farmers Market Trading Down 1.3%

Shares of SFM opened at $102.74 on Friday. The company has a market cap of $10.04 billion, a price-to-earnings ratio of 21.14, a PEG ratio of 1.17 and a beta of 0.77. Sprouts Farmers Market, Inc. has a 1-year low of $98.75 and a 1-year high of $182.00. The company’s fifty day simple moving average is $131.37 and its 200 day simple moving average is $151.46.

Sprouts Farmers Market (NASDAQ:SFM) last released its quarterly earnings data on Wednesday, July 30th. The company reported $1.35 earnings per share for the quarter, topping the consensus estimate of $1.23 by $0.12. The company had revenue of $2.22 billion for the quarter, compared to analyst estimates of $2.16 billion. Sprouts Farmers Market had a net margin of 5.77% and a return on equity of 36.53%. Sprouts Farmers Market’s revenue for the quarter was up 17.3% compared to the same quarter last year. During the same period in the previous year, the business 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. As a group, research 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 has approved a stock buyback plan 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. Stock repurchase plans 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.