AMF Tjanstepension AB Makes New Investment in Sprouts Farmers Market, Inc. $SFM

Key Points

• AMF Tjanstepension AB has acquired a new position in Sprouts Farmers Market, purchasing 9,595 shares valued at approximately $1,580,000 during Q2.
• Sprouts Farmers Market reported $1.35 EPS for the last quarter, surpassing expectations and showcasing a 17.3% year-over-year revenue increase.
• The company's board has initiated a stock buyback program, indicating a belief that the stock may be undervalued.

AMF Tjanstepension AB bought a new position in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 9,595 shares of the company's stock, valued at approximately $1,580,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in SFM. Dogwood Wealth Management LLC purchased a new stake in shares of Sprouts Farmers Market in the first quarter worth $30,000. Truvestments Capital LLC purchased a new stake in shares of Sprouts Farmers Market in the first quarter worth $35,000. SVB Wealth LLC purchased a new stake in shares of Sprouts Farmers Market in the first quarter worth $36,000. Brooklyn Investment Group raised its position in shares of Sprouts Farmers Market by 12,100.0% in the first quarter. Brooklyn Investment Group now owns 244 shares of the company's stock worth $37,000 after buying an additional 242 shares in the last quarter. Finally, Global Trust Asset Management LLC raised its position in shares of Sprouts Farmers Market by 520.8% in the second quarter. Global Trust Asset Management LLC now owns 298 shares of the company's stock worth $49,000 after buying an additional 250 shares in the last quarter.

Sprouts Farmers Market Trading Up 0.6%

SFM opened at $105.93 on Friday. The company has a market cap of $10.35 billion, a P/E ratio of 21.80, a P/E/G ratio of 1.20 and a beta of 0.77. The business's 50-day moving average price is $136.66 and its 200-day moving average price is $152.94. Sprouts Farmers Market, Inc. has a 12 month low of $102.40 and a 12 month high of $182.00.

Sprouts Farmers Market (NASDAQ:SFM - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The company reported $1.35 EPS for the quarter, topping the consensus estimate of $1.23 by $0.12. The firm had revenue of $2.22 billion for the quarter, compared to the consensus estimate of $2.16 billion. Sprouts Farmers Market had a return on equity of 36.53% and a net margin of 5.77%.The company's quarterly revenue was up 17.3% on a year-over-year basis. During the same quarter in the previous year, the business 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. Equities research analysts forecast that Sprouts Farmers Market, Inc. will post 4.29 earnings per share for the current fiscal year.

Sprouts Farmers Market announced that its board has initiated a stock buyback program on Tuesday, August 19th that allows the company to repurchase $0.00 in outstanding shares. This repurchase authorization allows the company to purchase shares of its stock through open market purchases. Shares repurchase programs are usually a sign that the company's board of directors believes its shares are undervalued.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on SFM. Royal Bank Of Canada increased their price objective on Sprouts Farmers Market from $173.00 to $176.00 and gave the stock a "sector perform" rating in a research report on Thursday, July 31st. JPMorgan Chase & Co. assumed coverage on Sprouts Farmers Market in a research report on Wednesday, August 20th. They set a "neutral" rating and a $159.00 price target on the stock. Weiss Ratings restated a "buy (b)" rating on shares of Sprouts Farmers Market in a research report on Saturday, September 27th. UBS Group set a $180.00 price target on Sprouts Farmers Market in a research report on Thursday, July 31st. Finally, Barclays upgraded Sprouts Farmers Market from an "equal weight" rating to an "overweight" rating and raised their price target for the company from $173.00 to $185.00 in a research report on Thursday, July 31st. Nine equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $177.21.

Insider Transactions at Sprouts Farmers Market

In related news, insider Dustin Hamilton sold 7,200 shares of the firm's stock in a transaction dated Thursday, September 11th. The stock was sold at an average price of $138.95, for a total value of $1,000,440.00. Following the sale, the insider directly owned 16,349 shares of the company's stock, valued at $2,271,693.55. This trade represents a 30.57% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CTO James H. Bahrenburg sold 4,292 shares of the firm's stock in a transaction dated Friday, September 12th. The stock was sold at an average price of $137.06, for a total value of $588,261.52. Following the completion of the sale, the chief technology officer directly owned 9,167 shares in the company, valued at $1,256,429.02. The trade was a 31.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 37,561 shares of company stock valued at $5,499,641. 1.10% of the stock is currently owned by corporate insiders.

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.

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