Capital Insight Partners LLC Buys Shares of 2,423 Sprouts Farmers Market, Inc. $SFM

Key Points

• Capital Insight Partners LLC purchased 2,423 shares of Sprouts Farmers Market, Inc., valued at approximately $399,000, marking a new position for the institutional investor in the second quarter.
• Sprouts Farmers Market reported earnings of $1.35 per share for its most recent quarter, exceeding analyst expectations by $0.12, and registered a 17.3% increase in revenue compared to the same quarter last year.
• Several analysts have given Sprouts Farmers Market stock a "Moderate Buy" rating, with a consensus target price of $178.64, indicating positive outlook among investment analysts.

Capital Insight Partners LLC purchased a new position in Sprouts Farmers Market, Inc. (NASDAQ:SFM - Free Report) in the second quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 2,423 shares of the company's stock, valued at approximately $399,000.

Several other institutional investors and hedge funds have also made changes to their positions in SFM. Whipplewood Advisors LLC boosted its stake in Sprouts Farmers Market by 92.0% during 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 worth approximately $30,000. Truvestments Capital LLC acquired a new stake in Sprouts Farmers Market during the first quarter valued at approximately $35,000. SVB Wealth LLC bought a new stake in Sprouts Farmers Market during the first quarter worth approximately $36,000. Finally, Brooklyn Investment Group grew its position in 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 during the last quarter.

Sprouts Farmers Market Stock Performance

SFM stock opened at $109.88 on Monday. The stock has a market cap of $10.74 billion, a P/E ratio of 22.61, a P/E/G ratio of 1.24 and a beta of 0.87. The firm has a 50 day simple moving average of $142.32 and a 200 day simple moving average of $154.15. Sprouts Farmers Market, Inc. has a 52 week low of $107.36 and a 52 week 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 earnings per share for the quarter, beating 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 for the quarter, compared to analyst estimates of $2.16 billion. During the same quarter in the prior year, the business earned $0.94 EPS. The company'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. Sell-side analysts predict that Sprouts Farmers Market, Inc. will post 4.29 EPS for the current year.

Sprouts Farmers Market declared that its Board of Directors has authorized a stock repurchase plan on Tuesday, August 19th that allows the company to buyback $0.00 in outstanding shares. This buyback authorization allows the company to buy shares of its stock through open market purchases. Shares buyback plans are typically an indication that the company's board believes its shares are undervalued.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on SFM shares. JPMorgan Chase & Co. began coverage on Sprouts Farmers Market in a research report on Wednesday, August 20th. They set a "neutral" rating and a $159.00 price objective for the company. UBS Group set a $180.00 target price on Sprouts Farmers Market in a report on Thursday, July 31st. Evercore ISI decreased their price target on Sprouts Farmers Market from $195.00 to $190.00 and set an "outperform" rating for the company in a research report on Tuesday, August 12th. Barclays upgraded Sprouts Farmers Market from an "equal weight" rating to an "overweight" rating and boosted their price objective for the stock from $173.00 to $185.00 in a report on Thursday, July 31st. Finally, Royal Bank Of Canada boosted their price objective on Sprouts Farmers Market from $173.00 to $176.00 and gave the stock a "sector perform" rating in a report on Thursday, July 31st. Eight investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, Sprouts Farmers Market has an average rating of "Moderate Buy" and a consensus target price of $178.64.

Insiders Place Their Bets

In related news, Director Joseph D. O'leary sold 2,937 shares of the stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $150.07, for a total transaction of $440,755.59. Following the completion of the sale, the director directly owned 14,994 shares in the company, valued at approximately $2,250,149.58. This trade represents a 16.38% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Joe Fortunato sold 10,000 shares of the business's stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $147.57, for a total value of $1,475,700.00. Following the completion of the transaction, the director owned 18,164 shares in the company, valued at $2,680,461.48. This trade represents a 35.51% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 39,561 shares of company stock valued at $5,828,401 in the last three months. Company insiders own 1.10% of the company's stock.

About Sprouts Farmers Market

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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