Sprouts Farmers Market, Inc. $SFM Shares Sold by Aigen Investment Management LP

Key Points

• Aigen Investment Management LP significantly cut its stake in Sprouts Farmers Market by 82.5%, now holding shares valued at $205,000.
• Several hedge funds have increased their positions in Sprouts Farmers Market, with Whipplewood Advisors LLC raising its stake by 92% and new positions acquired by other firms.
• Analyst ratings for Sprouts Farmers Market have improved, with multiple firms upholding buy ratings and setting price targets between $180.00 and $190.00.

Aigen Investment Management LP cut its stake in Sprouts Farmers Market, Inc. (NASDAQ:SFM - Free Report) by 82.5% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,343 shares of the company's stock after selling 6,340 shares during the period. Aigen Investment Management LP's holdings in Sprouts Farmers Market were worth $205,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Sowell Financial Services LLC purchased a new position in Sprouts Farmers Market in the first quarter valued at $270,000. Caisse DE Depot ET Placement DU Quebec purchased a new position in Sprouts Farmers Market in the fourth quarter valued at $2,618,000. Clark Capital Management Group Inc. boosted its holdings in Sprouts Farmers Market by 32.1% in the fourth quarter. Clark Capital Management Group Inc. now owns 100,165 shares of the company's stock valued at $12,728,000 after purchasing an additional 24,364 shares during the period. Two Sigma Investments LP boosted its holdings in Sprouts Farmers Market by 21.3% in the fourth quarter. Two Sigma Investments LP now owns 12,890 shares of the company's stock valued at $1,638,000 after purchasing an additional 2,261 shares during the period. Finally, Anderson Hoagland & Co. purchased a new position in Sprouts Farmers Market in the first quarter valued at $2,866,000.

Sprouts Farmers Market Stock Performance

NASDAQ SFM traded down $2.65 during trading on Thursday, reaching $148.41. 1,341,484 shares of the company's stock were exchanged, compared to its average volume of 1,722,065. The stock has a market cap of $14.50 billion, a P/E ratio of 30.54, a price-to-earnings-growth ratio of 1.71 and a beta of 0.78. The company has a 50 day moving average price of $158.36 and a two-hundred day moving average price of $158.31. Sprouts Farmers Market, Inc. has a 1 year low of $95.25 and a 1 year 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 EPS for the quarter, topping analysts' consensus estimates of $1.23 by $0.12. Sprouts Farmers Market had a return on equity of 36.53% and a net margin of 5.77%.The business had revenue of $2.22 billion for the quarter, compared to analysts' expectations of $2.16 billion. During the same quarter in the previous year, the firm earned $0.94 earnings per share. The business's revenue was up 17.3% compared to the same quarter last year. Sprouts Farmers Market has set its FY 2025 guidance at 5.200-5.320 EPS. Q3 2025 guidance at 1.120-1.160 EPS. 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 approved a share buyback program on Tuesday, August 19th that permits the company to buyback $0.00 in outstanding shares. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Stock buyback programs are usually a sign that the company's board believes its shares are undervalued.

Insider Buying and Selling at Sprouts Farmers Market

In other news, CEO Jack Sinclair sold 4,045 shares of Sprouts Farmers Market stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $156.76, for a total transaction of $634,094.20. Following the sale, the chief executive officer owned 174,740 shares in the company, valued at approximately $27,392,242.40. The trade was a 2.26% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Timmi Zalatoris sold 2,000 shares of Sprouts Farmers Market stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $164.38, for a total value of $328,760.00. Following the sale, the insider owned 13,263 shares in the company, valued at $2,180,171.94. This trade represents a 13.10% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 55,589 shares of company stock valued at $8,926,483. 1.10% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research analysts recently issued reports on SFM shares. Barclays upgraded 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 report on Thursday, July 31st. Wall Street Zen upgraded Sprouts Farmers Market from a "hold" rating to a "buy" rating in a report on Wednesday, April 23rd. Jefferies Financial Group raised Sprouts Farmers Market from a "hold" rating to a "buy" rating and set a $190.00 price target for the company in a report on Friday, August 1st. Royal Bank Of Canada lifted their price target on Sprouts Farmers Market from $173.00 to $176.00 and gave the stock a "sector perform" rating in a report on Thursday, July 31st. Finally, Evercore ISI decreased their price target on Sprouts Farmers Market from $195.00 to $190.00 and set an "outperform" rating for the company in a report on Tuesday, August 12th. Eight equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $173.73.

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.