Algert Global LLC Has $16.09 Million Stake in Sprouts Farmers Market, Inc. $SFM

Key Points

• Algert Global LLC increased its stake in Sprouts Farmers Market by 27%, acquiring an additional 22,406 shares to own a total of 105,434 shares.
• Several hedge funds, including Cresset Asset Management and Tocqueville Asset Management, have recently adjusted their investments in Sprouts Farmers Market, indicating growing interest among institutional investors.
• Research analysts have upgraded Sprouts Farmers Market, with Jefferies Financial Group moving their rating to buy and setting a price target of $190, contributing to a consensus rating of Moderate Buy.

Algert Global LLC boosted its holdings in Sprouts Farmers Market, Inc. (NASDAQ:SFM - Free Report) by 27.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 105,434 shares of the company's stock after purchasing an additional 22,406 shares during the period. Sprouts Farmers Market comprises about 0.4% of Algert Global LLC's portfolio, making the stock its 13th largest holding. Algert Global LLC owned 0.11% of Sprouts Farmers Market worth $16,093,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the business. Dimensional Fund Advisors LP grew its position in Sprouts Farmers Market by 0.7% in the first quarter. Dimensional Fund Advisors LP now owns 2,217,900 shares of the company's stock valued at $338,481,000 after purchasing an additional 15,930 shares in the last quarter. Assenagon Asset Management S.A. grew its position in Sprouts Farmers Market by 1,033.4% in the first quarter. Assenagon Asset Management S.A. now owns 1,476,351 shares of the company's stock valued at $225,350,000 after purchasing an additional 1,346,097 shares in the last quarter. Northern Trust Corp grew its position in Sprouts Farmers Market by 13.5% in the fourth quarter. Northern Trust Corp now owns 1,355,147 shares of the company's stock valued at $172,199,000 after purchasing an additional 160,882 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in Sprouts Farmers Market by 1.0% in the first quarter. Charles Schwab Investment Management Inc. now owns 997,152 shares of the company's stock valued at $152,205,000 after purchasing an additional 10,059 shares in the last quarter. Finally, Driehaus Capital Management LLC grew its position in shares of Sprouts Farmers Market by 5.2% in the 4th quarter. Driehaus Capital Management LLC now owns 942,785 shares of the company's stock valued at $119,800,000 after acquiring an additional 46,258 shares during the period.

Insider Activity at Sprouts Farmers Market

In other Sprouts Farmers Market news, Director Joseph D. O'leary sold 2,937 shares of Sprouts Farmers Market stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $150.07, for a total value of $440,755.59. Following the completion of the sale, the director owned 14,994 shares in the company, valued at $2,250,149.58. The trade was a 16.38% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 completion of the sale, the chief executive officer owned 174,740 shares of the company's stock, valued at $27,392,242.40. This trade represents a 2.26% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 55,589 shares of company stock worth $8,926,483 in the last quarter. 1.10% of the stock is owned by corporate insiders.

Sprouts Farmers Market Stock Down 1.1%

Shares of NASDAQ SFM traded down $1.7050 during mid-day trading on Friday, reaching $146.7050. 682,773 shares of the company were exchanged, compared to its average volume of 1,728,641. The company's 50-day simple moving average is $158.36 and its 200-day simple moving average is $158.31. The stock has a market capitalization of $14.34 billion, a P/E ratio of 30.19, a P/E/G ratio of 1.71 and a beta of 0.78. Sprouts Farmers Market, Inc. has a twelve month low of $96.05 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 (EPS) for the quarter, topping analysts' consensus estimates of $1.23 by $0.12. The company had revenue of $2.22 billion during 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%. Sprouts Farmers Market's quarterly revenue was up 17.3% compared to the same quarter last year. During the same quarter last year, the company 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 expect that Sprouts Farmers Market, Inc. will post 4.29 EPS for the current year.

Sprouts Farmers Market announced that its Board of Directors has authorized a stock repurchase program on Tuesday, August 19th that allows the company to repurchase $0.00 in shares. This repurchase authorization allows the company to buy shares of its stock through open market purchases. Stock repurchase programs are often a sign that the company's leadership believes its shares are undervalued.

Analysts Set New Price Targets

A number of brokerages have recently commented on SFM. Roth Capital set a $155.00 price objective on shares of Sprouts Farmers Market and gave the company a "neutral" rating in a research report on Thursday, May 1st. UBS Group set a $180.00 price objective on shares of Sprouts Farmers Market in a research report on Thursday, July 31st. Evercore ISI decreased their price objective on shares of Sprouts Farmers Market from $195.00 to $190.00 and set an "outperform" rating for the company in a research report on Tuesday, August 12th. Royal Bank Of Canada lifted their price objective on shares of Sprouts Farmers Market from $173.00 to $176.00 and gave the company a "sector perform" rating in a research report on Thursday, July 31st. Finally, Jefferies Financial Group raised shares of Sprouts Farmers Market from a "hold" rating to a "buy" rating and set a $190.00 price objective for the company in a research report on Friday, August 1st. Eight research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $173.73.

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.