Acadian Asset Management LLC Purchases 16,643 Shares of Sprouts Farmers Market, Inc. $SFM

Key Points

• Acadian Asset Management LLC increased its stake in Sprouts Farmers Market by 33.9%, holding approximately $10.03 million in shares as of its latest SEC filing.
• Sprouts Farmers Market reported a strong quarterly performance with $1.35 EPS, surpassing expectations and showing a year-over-year revenue growth of 17.3%.
• Several analysts have upgraded their ratings for Sprouts Farmers Market, with Barclays and Wells Fargo both raising their price targets to $185.00 and $180.00, respectively.

Acadian Asset Management LLC raised its stake in Sprouts Farmers Market, Inc. (NASDAQ:SFM - Free Report) by 33.9% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 65,743 shares of the company's stock after buying an additional 16,643 shares during the period. Acadian Asset Management LLC owned approximately 0.07% of Sprouts Farmers Market worth $10,029,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Gotham Asset Management LLC boosted its holdings in Sprouts Farmers Market by 23.7% in the fourth quarter. Gotham Asset Management LLC now owns 17,353 shares of the company's stock worth $2,205,000 after purchasing an additional 3,325 shares in the last quarter. Lazard Asset Management LLC boosted its holdings in Sprouts Farmers Market by 37.6% in the fourth quarter. Lazard Asset Management LLC now owns 17,591 shares of the company's stock worth $2,233,000 after purchasing an additional 4,809 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Sprouts Farmers Market by 2.7% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 66,238 shares of the company's stock worth $8,417,000 after purchasing an additional 1,726 shares in the last quarter. Nuveen Asset Management LLC boosted its holdings in Sprouts Farmers Market by 12.8% in the fourth quarter. Nuveen Asset Management LLC now owns 664,923 shares of the company's stock worth $84,492,000 after purchasing an additional 75,312 shares in the last quarter. Finally, Nomura Holdings Inc. boosted its holdings in Sprouts Farmers Market by 484.9% during the fourth quarter. Nomura Holdings Inc. now owns 13,243 shares of the company's stock valued at $1,683,000 after acquiring an additional 10,979 shares during the period.

Analyst Ratings Changes

A number of equities research analysts have issued reports on SFM shares. UBS Group set a $180.00 price target on shares of Sprouts Farmers Market in a report on Thursday, July 31st. Royal Bank Of Canada increased their target price 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. Barclays upgraded shares of Sprouts Farmers Market from an "equal weight" rating to an "overweight" rating and increased their target price for the company from $173.00 to $185.00 in a research note on Thursday, July 31st. Wall Street Zen cut shares of Sprouts Farmers Market from a "buy" rating to a "hold" rating in a research note on Saturday. Finally, JPMorgan Chase & Co. began coverage on shares of Sprouts Farmers Market in a research note on Wednesday, August 20th. They issued a "neutral" rating and a $159.00 target price for the company. Eight investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $173.73.

Sprouts Farmers Market Trading Down 5.2%

Shares of Sprouts Farmers Market stock traded down $7.10 during midday trading on Monday, reaching $128.88. The company had a trading volume of 2,530,923 shares, compared to its average volume of 1,532,315. The company has a market capitalization of $12.60 billion, a price-to-earnings ratio of 26.52, a price-to-earnings-growth ratio of 1.54 and a beta of 0.87. The stock has a fifty day simple moving average of $150.33 and a 200 day simple moving average of $155.42. Sprouts Farmers Market, Inc. has a 1-year low of $101.80 and a 1-year high of $182.00.

Sprouts Farmers Market (NASDAQ:SFM - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The company reported $1.35 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.23 by $0.12. The firm had revenue of $2.22 billion for the quarter, compared to analysts' expectations 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 revenue for the quarter was up 17.3% on a year-over-year basis. During the same period last year, the firm earned $0.94 earnings per share. Sprouts Farmers Market has set its FY 2025 guidance at 5.200-5.320 EPS. Q3 2025 guidance at 1.120-1.160 EPS. Sell-side analysts expect that Sprouts Farmers Market, Inc. will post 4.29 earnings per share for the current year.

Sprouts Farmers Market announced that its Board of Directors has approved a stock buyback plan on Tuesday, August 19th that permits the company to repurchase $0.00 in shares. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Stock repurchase plans are usually an indication that the company's board of directors believes its stock is undervalued.

Insider Activity at Sprouts Farmers Market

In related news, CTO James H. Bahrenburg sold 4,292 shares of Sprouts Farmers Market stock in a transaction dated Friday, September 12th. The shares were sold at an average price of $137.06, for a total transaction of $588,261.52. Following the completion of the sale, the chief technology officer owned 9,167 shares of the company's stock, valued at approximately $1,256,429.02. The trade was a 31.89% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Joseph D. O'leary sold 2,937 shares of the stock in a transaction that occurred on Tuesday, August 5th. The stock was 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 disclosure for this sale can be found here. Insiders sold 43,606 shares of company stock worth $6,482,923 over the last ninety days. Company insiders own 1.10% of the company's stock.

About Sprouts Farmers Market

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.