Sprouts Farmers Market, Inc. $SFM Stock Holdings Raised by Annex Advisory Services LLC

Key Points

• Annex Advisory Services LLC increased its stake in Sprouts Farmers Market by 12.9%, owning $32.70 million worth of shares after purchasing an additional 22,614 shares in the second quarter.
• Several analysts have upgraded their ratings for Sprouts Farmers Market, with the average rating shifting to a "Moderate Buy" and a price target adjustment to $173.73.
• Sprouts Farmers Market's recent quarter showed a 17.3% increase in revenue year-over-year, along with an EPS of $1.35, exceeding analyst expectations.

Annex Advisory Services LLC boosted its position in Sprouts Farmers Market, Inc. (NASDAQ:SFM - Free Report) by 12.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 198,583 shares of the company's stock after purchasing an additional 22,614 shares during the period. Annex Advisory Services LLC owned about 0.20% of Sprouts Farmers Market worth $32,695,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in SFM. Assenagon Asset Management S.A. increased its holdings 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 buying an additional 1,346,097 shares in the last quarter. Wellington Management Group LLP increased its holdings in Sprouts Farmers Market by 300.3% in the first quarter. Wellington Management Group LLP now owns 1,037,187 shares of the company's stock valued at $158,316,000 after buying an additional 778,079 shares in the last quarter. Nuveen LLC purchased a new position in Sprouts Farmers Market in the first quarter valued at about $106,852,000. Westfield Capital Management Co. LP purchased a new position in Sprouts Farmers Market in the first quarter valued at about $71,699,000. Finally, Alyeska Investment Group L.P. purchased a new position in Sprouts Farmers Market in the first quarter valued at about $55,711,000.

Insider Buying and Selling at Sprouts Farmers Market

In related news, insider Dustin Hamilton sold 7,200 shares of Sprouts Farmers Market stock in a transaction on Thursday, September 11th. The shares were sold at an average price of $138.95, for a total transaction of $1,000,440.00. Following the sale, the insider owned 16,349 shares of the company's stock, valued at $2,271,693.55. The trade was a 30.57% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Jack Sinclair sold 4,045 shares of Sprouts Farmers Market stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $138.60, for a total transaction of $560,637.00. Following the sale, the chief executive officer directly owned 174,740 shares in the company, valued at $24,218,964. This trade represents a 2.26% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 39,561 shares of company stock worth $5,828,401. Corporate insiders own 1.10% of the company's stock.

Analysts Set New Price Targets

SFM has been the subject of a number of research analyst reports. Royal Bank Of Canada increased their target price on shares of Sprouts Farmers Market from $173.00 to $176.00 and gave the company a "sector perform" rating in a report on Thursday, July 31st. UBS Group set a $180.00 target price on shares of Sprouts Farmers Market in a report on Thursday, July 31st. Evercore ISI dropped their target price on shares of Sprouts Farmers Market from $195.00 to $190.00 and set an "outperform" rating for the company in a report on Tuesday, August 12th. JPMorgan Chase & Co. initiated coverage on shares of Sprouts Farmers Market in a research note on Wednesday, August 20th. They set a "neutral" rating and a $159.00 price objective for the company. 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 note on Friday, August 1st. Eight analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $178.64.

Sprouts Farmers Market Trading Down 0.5%

Shares of SFM traded down $0.62 during mid-day trading on Tuesday, reaching $118.98. The company had a trading volume of 1,169,742 shares, compared to its average volume of 1,757,341. The stock has a market cap of $11.63 billion, a price-to-earnings ratio of 24.48, a price-to-earnings-growth ratio of 1.36 and a beta of 0.87. The firm has a fifty day simple moving average of $146.53 and a 200-day simple moving average of $154.72. Sprouts Farmers Market, Inc. has a fifty-two week low of $107.36 and a fifty-two week high of $182.00.

Sprouts Farmers Market (NASDAQ:SFM - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The company reported $1.35 earnings per share for the quarter, beating analysts' consensus estimates of $1.23 by $0.12. The company had revenue of $2.22 billion for the quarter, compared to analyst estimates 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 revenue for the quarter was up 17.3% on a year-over-year basis. During the same quarter last year, the business earned $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 analysts predict that Sprouts Farmers Market, Inc. will post 4.29 EPS for the current fiscal year.

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

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.