BI Asset Management Fondsmaeglerselskab A S Raises Stock Position in Sprouts Farmers Market, Inc. $SFM

Key Points

• BI Asset Management Fondsmaeglerselskab A S increased its stake in Sprouts Farmers Market by 57.2%, owning 81,829 shares valued at approximately $12.49 million as of the end of the first quarter.
• Analysts have a Moderate Buy average rating for Sprouts Farmers Market, with eight rating it a buy and a price target averaging $172.20.
• Sprouts Farmers Market reported $1.35 earnings per share for its latest quarter, exceeding expectations and reflecting a 17.3% year-over-year revenue increase.

BI Asset Management Fondsmaeglerselskab A S grew its holdings in Sprouts Farmers Market, Inc. (NASDAQ:SFM - Free Report) by 57.2% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 81,829 shares of the company's stock after purchasing an additional 29,782 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S owned approximately 0.08% of Sprouts Farmers Market worth $12,490,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of SFM. Whipplewood Advisors LLC raised its holdings in shares of Sprouts Farmers Market by 92.0% in the 1st quarter. Whipplewood Advisors LLC now owns 192 shares of the company's stock valued at $29,000 after purchasing an additional 92 shares in the last quarter. Dogwood Wealth Management LLC bought a new stake in shares of Sprouts Farmers Market in the 1st quarter valued at about $30,000. GeoWealth Management LLC raised 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. Brooklyn Investment Group raised its holdings in shares of Sprouts Farmers Market by 12,100.0% in the 1st quarter. Brooklyn Investment Group now owns 244 shares of the company's stock valued at $37,000 after purchasing an additional 242 shares in the last quarter. Finally, Versant Capital Management Inc raised its holdings in shares of Sprouts Farmers Market by 111.3% in the 1st quarter. Versant Capital Management Inc now owns 319 shares of the company's stock valued at $49,000 after purchasing an additional 168 shares in the last quarter.

Analyst Ratings Changes

Several research firms have recently commented on SFM. Wall Street Zen upgraded shares of Sprouts Farmers Market from a "hold" rating to a "buy" rating in a report on Wednesday, April 23rd. Roth Capital set a $155.00 price target on shares of Sprouts Farmers Market and gave the company a "neutral" rating in a research report on Thursday, May 1st. Jefferies Financial Group raised shares of Sprouts Farmers Market from a "hold" rating to a "buy" rating and set a $190.00 price target for the company in a research report on Friday, August 1st. Barclays raised shares of Sprouts Farmers Market from an "equal weight" rating to an "overweight" rating and increased their price target for the company from $173.00 to $185.00 in a research report on Thursday, July 31st. Finally, UBS Group set a $180.00 price target on shares of Sprouts Farmers Market in a research report on Thursday, July 31st. Eight research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $172.20.

Sprouts Farmers Market Stock Performance

Shares of NASDAQ SFM opened at $147.25 on Wednesday. The company has a market cap of $14.39 billion, a PE ratio of 30.30, a P/E/G ratio of 1.63 and a beta of 0.78. The business has a 50-day simple moving average of $158.71 and a two-hundred day simple moving average of $158.44. Sprouts Farmers Market, Inc. has a fifty-two week low of $95.25 and a fifty-two week high of $182.00.

Sprouts Farmers Market (NASDAQ:SFM - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The company reported $1.35 earnings per share for the quarter, topping the consensus estimate of $1.23 by $0.12. The business had revenue of $2.22 billion during 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 last year, the company 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. On average, sell-side analysts predict that Sprouts Farmers Market, Inc. will post 4.29 earnings per share for the current fiscal year.

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

Insiders Place Their Bets

In other Sprouts Farmers Market news, Director Terri F. Graham sold 1,278 shares of the business's stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $180.00, for a total transaction of $230,040.00. Following the sale, the director owned 32,910 shares in the company, valued at approximately $5,923,800. The trade was a 3.74% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Joseph D. O'leary sold 2,937 shares of the business's stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $150.07, for a total value of $440,755.59. Following the sale, the director owned 14,994 shares in the company, valued at approximately $2,250,149.58. The trade was a 16.38% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 55,589 shares of company stock valued at $8,926,483. 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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