Petrus Trust Company LTA Invests $312,000 in Sprouts Farmers Market, Inc. $SFM

Key Points

• Petrus Trust Company LTA acquired 2,047 shares of Sprouts Farmers Market, valued at approximately $312,000, indicating growing interest from hedge funds in the company's stock.
• Insider Timmi Zalatoris sold 2,000 shares of Sprouts stock, representing a 13.10% decrease in their holdings, while CEO Jack Sinclair also sold shares, marking a 2.26% decrease in his ownership.
• Sprouts Farmers Market reported a 17.3% year-over-year revenue increase for the quarter, with earnings per share (EPS) of $1.35, surpassing analysts' estimates.

Petrus Trust Company LTA acquired a new position in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 2,047 shares of the company's stock, valued at approximately $312,000.

A number of other hedge funds have also recently bought and sold shares of the company. Dimensional Fund Advisors LP boosted its position in Sprouts Farmers Market by 0.7% during the first 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 last quarter. Assenagon Asset Management S.A. boosted its position in Sprouts Farmers Market by 1,033.4% during the first quarter. Assenagon Asset Management S.A. now owns 1,476,351 shares of the company's stock worth $225,350,000 after acquiring an additional 1,346,097 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 acquiring an additional 778,079 shares during the last quarter. 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 acquiring an additional 10,059 shares during the last quarter. Finally, Driehaus Capital Management LLC boosted its position in Sprouts Farmers Market by 3.0% during the first quarter. Driehaus Capital Management LLC now owns 971,380 shares of the company's stock worth $148,271,000 after acquiring an additional 28,595 shares during the last quarter.

Insider Buying and Selling at Sprouts Farmers Market

In related news, Director Joseph D. O'leary sold 2,937 shares of Sprouts Farmers Market stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $150.07, for a total transaction of $440,755.59. Following the transaction, the director owned 14,994 shares in the company, valued at approximately $2,250,149.58. The trade was a 16.38% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Dustin Hamilton sold 7,200 shares of Sprouts Farmers Market stock in a transaction on Thursday, September 11th. The stock was sold at an average price of $138.95, for a total transaction of $1,000,440.00. Following the sale, the insider directly owned 16,349 shares in the company, valued at $2,271,693.55. This trade represents a 30.57% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 43,368 shares of company stock worth $6,545,125. Corporate insiders own 1.10% of the company's stock.

Analyst Ratings Changes

SFM has been the topic of a number of analyst reports. UBS Group set a $180.00 target price on shares of Sprouts Farmers Market in a research report on Thursday, July 31st. 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 report on Thursday, July 31st. Wells Fargo & Company upgraded shares of Sprouts Farmers Market from an "equal weight" rating to an "overweight" rating and lifted their price target for the company from $175.00 to $180.00 in a report on Tuesday, August 5th. Wall Street Zen lowered shares of Sprouts Farmers Market from a "buy" rating to a "hold" rating in a report on Saturday. Finally, JPMorgan Chase & Co. assumed coverage on shares of Sprouts Farmers Market in a report on Wednesday, August 20th. They issued a "neutral" rating and a $159.00 price target on the stock. Eight analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $173.73.

Sprouts Farmers Market Stock Performance

Shares of NASDAQ:SFM traded down $1.74 during midday trading on Friday, hitting $135.98. 1,549,002 shares of the company's stock traded hands, compared to its average volume of 1,524,196. The company has a market cap of $13.29 billion, a PE ratio of 27.98, a P/E/G ratio of 1.56 and a beta of 0.86. The firm's fifty day moving average price is $151.04 and its two-hundred day moving average price is $155.47. Sprouts Farmers Market, Inc. has a twelve month low of $101.72 and a twelve month high of $182.00.

Sprouts Farmers Market (NASDAQ:SFM - Get Free Report) last posted its earnings results on Wednesday, July 30th. The company reported $1.35 earnings per share for the quarter, beating the consensus estimate of $1.23 by $0.12. The business 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%. The business's quarterly revenue was up 17.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $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, equities research analysts anticipate 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 program on Tuesday, August 19th that permits the company to buyback $0.00 in outstanding shares. This buyback authorization permits the company to buy shares of its stock through open market purchases. Shares buyback programs are often a sign that the company's board of directors believes its stock is undervalued.

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.