Caisse DE Depot ET Placement DU Quebec Sells 14,300 Shares of Sprouts Farmers Market, Inc. $SFM

Key Points

• Caisse DE Depot ET Placement DU Quebec has decreased its stake in Sprouts Farmers Market by 69.4%, selling 14,300 shares and now holding 6,300 shares, valued at approximately $962,000.
• Several institutional investors have significantly increased their investments in Sprouts Farmers Market, including Assenagon Asset Management, which boosted its holdings by 1,033.4%.
• Sprouts Farmers Market reported a 17.3% increase in revenue year-over-year, achieving $2.22 billion in the most recent quarter and exceeding analyst estimates.

Caisse DE Depot ET Placement DU Quebec cut its holdings in Sprouts Farmers Market, Inc. (NASDAQ:SFM - Free Report) by 69.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,300 shares of the company's stock after selling 14,300 shares during the quarter. Caisse DE Depot ET Placement DU Quebec's holdings in Sprouts Farmers Market were worth $962,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Dimensional Fund Advisors LP raised its position in Sprouts Farmers Market by 0.7% in the first quarter. Dimensional Fund Advisors LP now owns 2,217,900 shares of the company's stock worth $338,481,000 after acquiring an additional 15,930 shares in the last quarter. Assenagon Asset Management S.A. raised its position 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 worth $225,350,000 after acquiring an additional 1,346,097 shares in the last quarter. Northern Trust Corp raised its position in Sprouts Farmers Market by 13.5% in the fourth quarter. Northern Trust Corp now owns 1,355,147 shares of the company's stock worth $172,199,000 after acquiring an additional 160,882 shares in the last quarter. Wellington Management Group LLP raised its position 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 worth $158,316,000 after acquiring an additional 778,079 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in Sprouts Farmers Market by 1.0% in the first quarter. Charles Schwab Investment Management Inc. now owns 997,152 shares of the company's stock worth $152,205,000 after acquiring an additional 10,059 shares in the last quarter.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on SFM shares. Evercore ISI dropped their price target on shares of Sprouts Farmers Market from $195.00 to $190.00 and set an "outperform" rating on the stock in a research report on Tuesday, August 12th. UBS Group set a $180.00 price target on Sprouts Farmers Market in a research note on Thursday, July 31st. Royal Bank Of Canada lifted their price target on Sprouts Farmers Market from $173.00 to $176.00 and gave the stock a "sector perform" rating in a research note on Thursday, July 31st. JPMorgan Chase & Co. assumed coverage on Sprouts Farmers Market in a research note on Wednesday, August 20th. They issued a "neutral" rating and a $159.00 price target on the stock. Finally, Barclays raised Sprouts Farmers Market from an "equal weight" rating to an "overweight" rating and lifted their price target for the stock from $173.00 to $185.00 in a research note on Thursday, July 31st. Eight investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $173.73.

Insider Activity at Sprouts Farmers Market

In other Sprouts Farmers Market news, CEO Jack Sinclair sold 4,054 shares of Sprouts Farmers Market stock in a transaction dated Monday, June 16th. The stock was sold at an average price of $160.45, for a total transaction of $650,464.30. Following the transaction, the chief executive officer owned 174,740 shares of the company's stock, 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 SEC, which is available through this hyperlink. Also, SVP Kim Coffin sold 651 shares of Sprouts Farmers Market stock in a transaction dated Thursday, August 28th. The shares were sold at an average price of $141.58, for a total value of $92,168.58. Following the transaction, the senior vice president directly owned 11,235 shares in the company, valued at approximately $1,590,651.30. This trade represents a 5.48% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 38,737 shares of company stock worth $5,954,023. Company insiders own 1.10% of the company's stock.

Sprouts Farmers Market Trading Up 1.3%

NASDAQ:SFM traded up $1.73 on Thursday, hitting $140.07. 1,784,074 shares of the company's stock traded hands, compared to its average volume of 1,497,461. Sprouts Farmers Market, Inc. has a 1 year low of $97.61 and a 1 year high of $182.00. The firm has a 50-day moving average price of $154.08 and a 200-day moving average price of $156.32. The company has a market cap of $13.69 billion, a PE ratio of 28.82, a price-to-earnings-growth ratio of 1.56 and a beta of 0.86.

Sprouts Farmers Market (NASDAQ:SFM - Get Free Report) last released its earnings results on Wednesday, July 30th. The company reported $1.35 earnings per share for the quarter, beating the consensus estimate 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 for the quarter, compared to analysts' expectations of $2.16 billion. During the same quarter in the previous year, the business posted $0.94 EPS. The business's revenue for the quarter was up 17.3% on a year-over-year basis. 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, research analysts forecast 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 approved a stock buyback plan on Tuesday, August 19th that permits the company to repurchase $0.00 in shares. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company's board believes its stock is undervalued.

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.