Axiom Investors LLC DE Grows Stock Holdings in Sprouts Farmers Market, Inc. $SFM

Key Points

• Axiom Investors LLC DE increased its stake in Sprouts Farmers Market, Inc. by 50.9%, now owning 76,573 shares valued at approximately $11.7 million.
• CEO Jack Sinclair sold 4,054 shares of the company, decreasing his ownership by 2.27%. In the last quarter, insiders have sold a total of 55,589 shares valued at around $8.9 million.
• Analysts have provided mixed ratings on Sprouts Farmers Market, with an average rating of "Moderate Buy" and a consensus target price of $173.73.

Axiom Investors LLC DE raised its position in Sprouts Farmers Market, Inc. (NASDAQ:SFM - Free Report) by 50.9% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 76,573 shares of the company's stock after acquiring an additional 25,834 shares during the period. Axiom Investors LLC DE owned approximately 0.08% of Sprouts Farmers Market worth $11,688,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in SFM. GeoWealth Management LLC increased its holdings in shares of Sprouts Farmers Market by 115.4% in the 4th quarter. GeoWealth Management LLC now owns 265 shares of the company's stock valued at $34,000 after purchasing an additional 142 shares in the last quarter. First Trust Advisors LP increased its holdings in shares of Sprouts Farmers Market by 20.8% in the 4th quarter. First Trust Advisors LP now owns 172,311 shares of the company's stock valued at $21,896,000 after purchasing an additional 29,704 shares in the last quarter. Tower Research Capital LLC TRC increased its holdings in shares of Sprouts Farmers Market by 182.2% in the 4th quarter. Tower Research Capital LLC TRC now owns 7,786 shares of the company's stock valued at $989,000 after purchasing an additional 5,027 shares in the last quarter. TD Waterhouse Canada Inc. increased its holdings in shares of Sprouts Farmers Market by 85.5% in the 4th quarter. TD Waterhouse Canada Inc. now owns 970 shares of the company's stock valued at $123,000 after purchasing an additional 447 shares in the last quarter. Finally, Stifel Financial Corp increased its holdings in shares of Sprouts Farmers Market by 7.4% in the 4th quarter. Stifel Financial Corp now owns 77,293 shares of the company's stock valued at $9,822,000 after purchasing an additional 5,310 shares in the last quarter.

Sprouts Farmers Market Stock Up 0.2%

Shares of SFM traded up $0.31 during mid-day trading on Wednesday, hitting $144.59. The company had a trading volume of 1,060,335 shares, compared to its average volume of 1,728,113. Sprouts Farmers Market, Inc. has a 1-year low of $96.05 and a 1-year high of $182.00. The business's 50-day simple moving average is $157.48 and its 200-day simple moving average is $157.76. The stock has a market cap of $14.13 billion, a PE ratio of 29.75, a P/E/G ratio of 1.64 and a beta of 0.78.

Sprouts Farmers Market (NASDAQ:SFM - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The company reported $1.35 EPS for the quarter, topping the consensus estimate of $1.23 by $0.12. Sprouts Farmers Market had a net margin of 5.77% and a return on equity of 36.53%. The firm had revenue of $2.22 billion during the quarter, compared to analyst estimates of $2.16 billion. During the same quarter in the prior year, the business posted $0.94 earnings per share. Sprouts Farmers Market's revenue for the quarter 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. On average, sell-side analysts expect that Sprouts Farmers Market, Inc. will post 4.29 earnings per share for the current year.

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

Insider Activity

In related news, COO Nicholas Konat sold 20,270 shares of the company's stock in a transaction that occurred on Thursday, May 29th. The shares were sold at an average price of $167.50, for a total transaction of $3,395,225.00. Following the completion of the transaction, the chief operating officer owned 55,675 shares of the company's stock, valued at approximately $9,325,562.50. This represents a 26.69% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Timmi Zalatoris sold 2,000 shares of the company's stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $164.38, for a total transaction of $328,760.00. Following the transaction, the insider directly owned 13,263 shares of the company's stock, valued at $2,180,171.94. This trade represents a 13.10% 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 valued at $8,926,483 in the last ninety days. 1.10% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. Wells Fargo & Company upgraded shares of Sprouts Farmers Market from an "equal weight" rating to an "overweight" rating and increased their price target for the company from $175.00 to $180.00 in a report on Tuesday, August 5th. Roth Capital set a $155.00 target price on shares of Sprouts Farmers Market and gave the company a "neutral" rating in a report on Thursday, May 1st. 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. Finally, JPMorgan Chase & Co. began coverage on shares of Sprouts Farmers Market in a report on Wednesday, August 20th. They set a "neutral" rating and a $159.00 target price for the company. Eight equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target 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.