Consolidated Capital Management LLC Sells 3,197 Shares of Sprouts Farmers Market, Inc. $SFM

Key Points

• Consolidated Capital Management LLC reduced its holdings in Sprouts Farmers Market by 9.3%, selling 3,197 shares and now owning a total of approximately 30,996 shares valued at $5.1 million.
• Several large investors significantly increased their stakes in Sprouts Farmers Market, with Assenagon Asset Management acquiring over 1.4 million shares, boosting its position by over 1,000% in the first quarter.
• Analyst ratings for Sprouts Farmers Market are largely positive, with eight analysts giving it a "Buy" rating and a consensus price target of $178.64, indicating strong growth potential.

Consolidated Capital Management LLC lowered its position in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM - Free Report) by 9.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 30,996 shares of the company's stock after selling 3,197 shares during the period. Sprouts Farmers Market comprises approximately 1.8% of Consolidated Capital Management LLC's holdings, making the stock its 22nd largest holding. Consolidated Capital Management LLC's holdings in Sprouts Farmers Market were worth $5,103,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Assenagon Asset Management S.A. increased its holdings in Sprouts Farmers Market by 1,033.4% in the 1st quarter. Assenagon Asset Management S.A. now owns 1,476,351 shares of the company's stock worth $225,350,000 after buying an additional 1,346,097 shares during the period. Wellington Management Group LLP boosted its holdings in shares of Sprouts Farmers Market by 300.3% in the 1st quarter. Wellington Management Group LLP now owns 1,037,187 shares of the company's stock valued at $158,316,000 after acquiring an additional 778,079 shares during the last quarter. Nuveen LLC acquired a new stake in shares of Sprouts Farmers Market in the first quarter worth $106,852,000. Westfield Capital Management Co. LP purchased a new position in shares of Sprouts Farmers Market during the first quarter worth $71,699,000. Finally, Alyeska Investment Group L.P. purchased a new position in shares of Sprouts Farmers Market during the first quarter worth $55,711,000.

Wall Street Analysts Forecast Growth

SFM has been the topic of several analyst reports. Royal Bank Of Canada increased their price target on Sprouts Farmers Market from $173.00 to $176.00 and gave the stock a "sector perform" rating in a research report on Thursday, July 31st. Wells Fargo & Company upgraded Sprouts Farmers Market from an "equal weight" rating to an "overweight" rating and upped their target price for the stock from $175.00 to $180.00 in a research note on Tuesday, August 5th. Evercore ISI reduced 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. Jefferies Financial Group raised Sprouts Farmers Market from a "hold" rating to a "buy" rating and set a $190.00 price target for the company in a report on Friday, August 1st. Finally, UBS Group set a $180.00 price objective on shares of Sprouts Farmers Market in a research note on Thursday, July 31st. Eight research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $178.64.

Insider Activity at Sprouts Farmers Market

In related news, insider Dustin Hamilton sold 7,200 shares of the company's stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $138.95, for a total transaction of $1,000,440.00. Following the completion of the transaction, the insider owned 16,349 shares in the company, valued at $2,271,693.55. This represents a 30.57% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Jack Sinclair sold 4,045 shares of Sprouts Farmers Market stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $138.60, for a total value of $560,637.00. Following the completion of the sale, the chief executive officer owned 174,740 shares in the company, valued at approximately $24,218,964. The trade was a 2.26% decrease in their ownership of the stock. 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.

Sprouts Farmers Market Stock Down 1.3%

Shares of Sprouts Farmers Market stock opened at $109.88 on Friday. The firm has a market cap of $10.74 billion, a PE ratio of 22.61, a P/E/G ratio of 1.24 and a beta of 0.86. Sprouts Farmers Market, Inc. has a twelve month low of $107.36 and a twelve month high of $182.00. The business has a 50-day moving average price of $142.32 and a 200 day moving average price of $154.00.

Sprouts Farmers Market (NASDAQ:SFM - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The company reported $1.35 EPS for the quarter, beating the consensus estimate of $1.23 by $0.12. The company had revenue of $2.22 billion for the quarter, compared to analyst estimates of $2.16 billion. Sprouts Farmers Market had a return on equity of 36.53% and a net margin of 5.77%.Sprouts Farmers Market's quarterly revenue was up 17.3% compared to the same quarter last year. During the same period 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 expect that Sprouts Farmers Market, Inc. will post 4.29 EPS for the current year.

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