Ameriprise Financial Inc. Sells 123,136 Shares of Sprouts Farmers Market, Inc. $SFM

Key Points

• Ameriprise Financial Inc. reduced its holdings in Sprouts Farmers Market by 15.5%, selling 123,136 shares and now owns approximately 0.68% of the company worth about $102.3 million.
• Sprouts Farmers Market reported a 17.3% increase in revenue year-over-year, with quarterly earnings per share of $1.35, surpassing expectations.
• In recent analyst ratings, Sprouts Farmers Market received upgrades from Jefferies Financial Group and Wells Fargo, with price targets rising to as high as $190.00.

Ameriprise Financial Inc. lessened its holdings in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM - Free Report) by 15.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 670,122 shares of the company's stock after selling 123,136 shares during the quarter. Ameriprise Financial Inc. owned about 0.68% of Sprouts Farmers Market worth $102,293,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in SFM. GeoWealth Management LLC grew its holdings in Sprouts Farmers Market by 115.4% during the 4th quarter. GeoWealth Management LLC now owns 265 shares of the company's stock valued at $34,000 after buying an additional 142 shares in the last quarter. First Trust Advisors LP grew its holdings in Sprouts Farmers Market by 20.8% during the 4th quarter. First Trust Advisors LP now owns 172,311 shares of the company's stock valued at $21,896,000 after buying an additional 29,704 shares in the last quarter. TD Waterhouse Canada Inc. grew its holdings in Sprouts Farmers Market by 85.5% during the 4th quarter. TD Waterhouse Canada Inc. now owns 970 shares of the company's stock valued at $123,000 after buying an additional 447 shares in the last quarter. Stifel Financial Corp grew its holdings in Sprouts Farmers Market by 7.4% during the 4th quarter. Stifel Financial Corp now owns 77,293 shares of the company's stock valued at $9,822,000 after buying an additional 5,310 shares in the last quarter. Finally, Hsbc Holdings PLC grew its holdings in Sprouts Farmers Market by 166.6% during the 4th quarter. Hsbc Holdings PLC now owns 145,285 shares of the company's stock valued at $18,562,000 after buying an additional 90,789 shares in the last quarter.

Sprouts Farmers Market Stock Up 0.2%

SFM traded up $0.31 during trading hours on Wednesday, reaching $144.59. 1,060,335 shares of the company's stock traded hands, compared to its average volume of 1,788,047. The firm has a 50-day moving average price of $157.14 and a 200 day moving average price of $157.67. Sprouts Farmers Market, Inc. has a 52-week low of $96.05 and a 52-week high of $182.00. The firm has a market capitalization of $14.13 billion, a PE ratio of 29.75, a PEG ratio of 1.63 and a beta of 0.78.

Sprouts Farmers Market (NASDAQ:SFM - Get Free Report) last posted 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. Sprouts Farmers Market had a return on equity of 36.53% and a net margin of 5.77%.The company had revenue of $2.22 billion during the quarter, compared to analysts' expectations of $2.16 billion. During the same quarter in the previous year, the business earned $0.94 EPS. Sprouts Farmers Market'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. Equities analysts predict that Sprouts Farmers Market, Inc. will post 4.29 EPS for the current fiscal year.

Sprouts Farmers Market announced that its Board of Directors has authorized a share buyback plan on Tuesday, August 19th that permits the company to buyback $0.00 in shares. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Shares buyback plans are often an indication that the company's leadership believes its stock is undervalued.

Analyst Upgrades and Downgrades

SFM has been the subject of several research analyst reports. Evercore ISI cut 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. UBS Group set a $180.00 target price on Sprouts Farmers Market in a report on Thursday, July 31st. JPMorgan Chase & Co. assumed coverage on Sprouts Farmers Market in a report on Wednesday, August 20th. They issued a "neutral" rating and a $159.00 target price for the company. Jefferies Financial Group upgraded Sprouts Farmers Market from a "hold" rating to a "buy" rating and set a $190.00 target price for the company in a report on Friday, August 1st. Finally, Roth Capital set a $155.00 target price on Sprouts Farmers Market and gave the stock a "neutral" rating in a report on Thursday, May 1st. Eight research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $173.73.

Insider Activity at Sprouts Farmers Market

In related news, CEO Jack Sinclair sold 4,054 shares of the business's stock in a transaction on Monday, June 16th. The stock was sold at an average price of $160.45, for a total transaction of $650,464.30. Following the completion of the transaction, the chief executive officer owned 174,740 shares in the company, valued at $28,037,033. The trade was a 2.27% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Nicholas Konat sold 20,270 shares of the business's stock in a transaction on Thursday, May 29th. The shares were sold at an average price of $167.50, for a total value of $3,395,225.00. Following the transaction, the chief operating officer owned 55,675 shares of the company's stock, valued at approximately $9,325,562.50. The trade was a 26.69% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 55,589 shares of company stock worth $8,926,483 over the last quarter. 1.10% of the stock is owned by insiders.

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.