Alyeska Investment Group L.P. Sells 448,782 Shares of Sprouts Farmers Market, Inc. $SFM

Key Points

• Alyeska Investment Group reduced its Sprouts Farmers Market stake by 38.5% in the second quarter, selling 448,782 shares and retaining 716,259 shares worth approximately $60.6 million.
• Sprouts insiders have also been selling shares, with executives disposing of 58,289 shares valued at about $5.0 million over the past 90 days.
• The company exceeded quarterly expectations with $1.37 in earnings per share and $2.33 billion in revenue, while analysts maintained a consensus “Hold” rating and a $91.58 price target.

Alyeska Investment Group L.P. trimmed its position in Sprouts Farmers Market, Inc. (NASDAQ:SFM - Free Report) by 38.5% in the second quarter, according to its most recent filing with the SEC. The fund owned 716,259 shares of the company's stock after selling 448,782 shares during the period. Alyeska Investment Group L.P. owned 0.77% of Sprouts Farmers Market worth $60,581,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in the business. Greenwood Capital Associates LLC increased its position in shares of Sprouts Farmers Market by 8.1% during the second quarter. Greenwood Capital Associates LLC now owns 3,428 shares of the company's stock worth $290,000 after buying an additional 257 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Sprouts Farmers Market by 8.2% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,464,015 shares of the company's stock valued at $123,826,000 after acquiring an additional 111,574 shares during the period. Royal London Asset Management Ltd. raised its stake in shares of Sprouts Farmers Market by 2.8% in the second quarter. Royal London Asset Management Ltd. now owns 257,622 shares of the company's stock worth $21,790,000 after purchasing an additional 7,133 shares during the last quarter. Prosperitas Financial LLC bought a new stake in Sprouts Farmers Market during the second quarter worth $5,035,000. Finally, Wellington Management Group LLP raised its holdings in shares of Sprouts Farmers Market by 548.9% in the second quarter. Wellington Management Group LLP now owns 248,958 shares of the company's stock valued at $21,057,000 after purchasing an additional 210,592 shares during the last quarter.

Insider Buying and Selling at Sprouts Farmers Market

In related news, CEO Jack Sinclair sold 10,788 shares of the business's stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $86.80, for a total value of $936,398.40. Following the sale, the chief executive officer directly owned 269,980 shares in the company, valued at approximately $23,434,264. The trade was a 3.84% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Nicholas Konat sold 12,538 shares of the stock in a transaction on Thursday, June 11th. The shares were sold at an average price of $87.90, for a total transaction of $1,102,090.20. Following the transaction, the chief operating officer owned 66,119 shares of the company's stock, valued at $5,811,860.10. This trade represents a 15.94% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 58,289 shares of company stock worth $4,991,405. Insiders own 1.30% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. JPMorgan Chase & Co. raised Sprouts Farmers Market from a "neutral" rating to an "overweight" rating and increased their price objective for the company from $80.00 to $103.00 in a report on Thursday, July 30th. UBS Group upped their target price on shares of Sprouts Farmers Market from $80.00 to $86.00 and gave the stock a "neutral" rating in a report on Thursday, July 30th. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and set a $84.00 price target on shares of Sprouts Farmers Market in a research report on Thursday, July 30th. Roth Capital set a $82.00 target price on shares of Sprouts Farmers Market in a research report on Friday, July 31st. Finally, Weiss Ratings reaffirmed a "hold (c)" rating on shares of Sprouts Farmers Market in a research note on Wednesday, June 24th. Seven research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Sprouts Farmers Market presently has an average rating of "Hold" and a consensus target price of $91.58.

Sprouts Farmers Market Stock Performance

Shares of SFM stock opened at $81.46 on Monday. The company has a market capitalization of $7.60 billion, a price-to-earnings ratio of 15.61, a price-to-earnings-growth ratio of 2.02 and a beta of 0.68. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.43 and a current ratio of 0.99. The company's 50-day moving average is $81.82 and its 200 day moving average is $79.65. Sprouts Farmers Market, Inc. has a one year low of $64.75 and a one year high of $141.78.

Sprouts Farmers Market (NASDAQ:SFM - Get Free Report) last issued its earnings results on Wednesday, July 29th. The company reported $1.37 earnings per share for the quarter, topping analysts' consensus estimates of $1.35 by $0.02. Sprouts Farmers Market had a return on equity of 34.84% and a net margin of 5.58%.The business had revenue of $2.33 billion during the quarter, compared to analyst estimates of $2.32 billion. During the same quarter in the previous year, the firm earned $1.35 EPS. Sprouts Farmers Market's revenue was up 4.7% on a year-over-year basis. Sprouts Farmers Market has set its Q3 2026 guidance at 1.200-1.240 EPS and its FY 2026 guidance at 5.320-5.400 EPS. Sell-side analysts expect that Sprouts Farmers Market, Inc. will post 5.55 EPS for the current fiscal year.

Sprouts Farmers Market Company Profile

Sprouts Farmers Market, Inc NASDAQ: SFM is a specialty grocery retailer focused on fresh, natural and organic foods. Headquartered in Phoenix, Arizona, the company operates stores designed to offer an open-market shopping experience, emphasizing quality produce sourced from regional farmers alongside organic pantry staples, dairy, meat and seafood. Sprouts' product assortment also includes bulk foods, vitamins and supplements, a deli and prepared foods, reflecting its commitment to wellness and affordable healthy living.

Founded in 2002 by members of the Boney family, Sprouts began as a single farmers market in Chandler, Arizona.

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