Congress Asset Management Co. Has $97.62 Million Holdings in Sprouts Farmers Market, Inc. $SFM

Key Points

• Congress Asset Management Co. has reduced its holdings in Sprouts Farmers Market by 11.7% in the second quarter, now owning $97.62 million worth of shares.
• Several large investors, including Dakota Wealth Management and Public Employees Retirement System of Ohio, have significantly increased their stakes in Sprouts Farmers Market during the same period.
• Analyst upgrades have set a price target for Sprouts Farmers Market at $180.00, with the stock having a current average rating of "Moderate Buy" and a consensus price target of $178.64.

Congress Asset Management Co. cut its holdings in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM - Free Report) by 11.7% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 592,945 shares of the company's stock after selling 78,872 shares during the period. Congress Asset Management Co. owned 0.61% of Sprouts Farmers Market worth $97,622,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the business. Dakota Wealth Management lifted its position in Sprouts Farmers Market by 12.2% during the 2nd quarter. Dakota Wealth Management now owns 22,162 shares of the company's stock valued at $3,649,000 after purchasing an additional 2,406 shares during the period. Public Employees Retirement System of Ohio lifted its position in Sprouts Farmers Market by 2,469.1% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 59,475 shares of the company's stock valued at $9,792,000 after purchasing an additional 57,160 shares during the period. Ballentine Partners LLC lifted its position in Sprouts Farmers Market by 8.9% during the 2nd quarter. Ballentine Partners LLC now owns 3,849 shares of the company's stock valued at $634,000 after purchasing an additional 315 shares during the period. Norden Group LLC increased its stake in shares of Sprouts Farmers Market by 22.4% in the 2nd quarter. Norden Group LLC now owns 5,608 shares of the company's stock valued at $923,000 after acquiring an additional 1,027 shares during the last quarter. Finally, Unified Investment Management increased its stake in shares of Sprouts Farmers Market by 0.9% in the 2nd quarter. Unified Investment Management now owns 7,326 shares of the company's stock valued at $1,206,000 after acquiring an additional 65 shares during the last quarter.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on SFM shares. UBS Group set a $180.00 price target on Sprouts Farmers Market in a research note on Thursday, July 31st. Wells Fargo & Company raised Sprouts Farmers Market from an "equal weight" rating to an "overweight" rating and upped their price target for the company from $175.00 to $180.00 in a research note on Tuesday, August 5th. Barclays raised Sprouts Farmers Market from an "equal weight" rating to an "overweight" rating and upped their price target for the company from $173.00 to $185.00 in a research note on Thursday, July 31st. Royal Bank Of Canada upped their price target on Sprouts Farmers Market from $173.00 to $176.00 and gave the company a "sector perform" rating in a research note on Thursday, July 31st. Finally, Evercore ISI lowered their price target on Sprouts Farmers Market from $195.00 to $190.00 and set an "outperform" rating for the company in a research note on Tuesday, August 12th. Eight investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company's stock. According to MarketBeat.com, Sprouts Farmers Market has an average rating of "Moderate Buy" and a consensus price target of $178.64.

Insider Activity at Sprouts Farmers Market

In other news, CEO Jack Sinclair sold 4,045 shares of the firm's stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $138.60, for a total transaction of $560,637.00. Following the completion of the transaction, the chief executive officer directly owned 174,740 shares of the company's stock, valued at $24,218,964. This trade represents a 2.26% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Joe Fortunato sold 10,000 shares of the firm's stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $147.57, for a total transaction of $1,475,700.00. Following the transaction, the director directly owned 18,164 shares of the company's stock, valued at $2,680,461.48. This represents a 35.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 39,561 shares of company stock worth $5,828,401. 1.10% of the stock is currently owned by corporate insiders.

Sprouts Farmers Market Stock Performance

NASDAQ SFM opened at $111.36 on Friday. The business has a 50 day simple moving average of $143.43 and a 200 day simple moving average of $154.06. Sprouts Farmers Market, Inc. has a 52-week low of $107.36 and a 52-week high of $182.00. The stock has a market cap of $10.88 billion, a price-to-earnings ratio of 22.91, a PEG ratio of 1.31 and a beta of 0.86.

Sprouts Farmers Market (NASDAQ:SFM - Get Free Report) last posted its earnings results on Wednesday, July 30th. The company reported $1.35 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 business had revenue of $2.22 billion during the quarter, compared to analysts' expectations of $2.16 billion. During the same period in the prior year, the business earned $0.94 EPS. 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, 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 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. Shares buyback programs are often a sign that the company's leadership believes its shares are undervalued.

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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