Corebridge Financial Inc. Sells 3,409 Shares of Sprouts Farmers Market, Inc. $SFM

Key Points

• Corebridge Financial Inc. has reduced its stake in Sprouts Farmers Market by 2.1%, selling 3,409 shares to hold a total of 159,126 shares valued at approximately $24.29 million.
• Insider selling activity was noted, with Director Joseph D. O'Leary and CEO Jack Sinclair selling shares, leading to significant decreases in their ownership percentages.
• Sprouts Farmers Market reported better-than-expected quarterly earnings, achieving $1.35 EPS and raising its FY 2025 guidance, indicating strong financial performance.

Corebridge Financial Inc. lowered its stake in Sprouts Farmers Market, Inc. (NASDAQ:SFM - Free Report) by 2.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 159,126 shares of the company's stock after selling 3,409 shares during the period. Corebridge Financial Inc. owned approximately 0.16% of Sprouts Farmers Market worth $24,289,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Sowell Financial Services LLC purchased a new position in shares of Sprouts Farmers Market in the first quarter worth about $270,000. Caisse DE Depot ET Placement DU Quebec bought a new stake in shares of Sprouts Farmers Market in the fourth quarter worth about $2,618,000. Clark Capital Management Group Inc. grew its stake in shares of Sprouts Farmers Market by 32.1% in the fourth quarter. Clark Capital Management Group Inc. now owns 100,165 shares of the company's stock worth $12,728,000 after purchasing an additional 24,364 shares during the last quarter. Two Sigma Investments LP grew its stake in shares of Sprouts Farmers Market by 21.3% in the fourth quarter. Two Sigma Investments LP now owns 12,890 shares of the company's stock worth $1,638,000 after purchasing an additional 2,261 shares during the last quarter. Finally, Anderson Hoagland & Co. bought a new stake in shares of Sprouts Farmers Market in the first quarter worth about $2,866,000.

Sprouts Farmers Market Trading Down 2.2%

Sprouts Farmers Market stock traded down $3.17 during trading hours on Thursday, hitting $141.42. 1,840,239 shares of the stock traded hands, compared to its average volume of 1,738,635. The firm's 50-day moving average price is $156.73 and its two-hundred day moving average price is $157.48. Sprouts Farmers Market, Inc. has a one year low of $96.05 and a one year high of $182.00. The company has a market cap of $13.82 billion, a PE ratio of 29.10, a PEG ratio of 1.63 and a beta of 0.78.

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 (EPS) 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 during the quarter, compared to analyst estimates of $2.16 billion. During the same period last year, the business earned $0.94 earnings per share. The business's revenue 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, sell-side analysts expect that Sprouts Farmers Market, Inc. will post 4.29 earnings per share for the current fiscal year.

Sprouts Farmers Market declared that its board has initiated a stock buyback plan on Tuesday, August 19th that authorizes the company to buyback $0.00 in outstanding shares. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Stock buyback plans are often a sign that the company's board believes its shares are undervalued.

Wall Street Analyst Weigh In

Several research firms recently issued reports on SFM. JPMorgan Chase & Co. began coverage on Sprouts Farmers Market in a research note on Wednesday, August 20th. They issued a "neutral" rating and a $159.00 target price on the stock. Royal Bank Of Canada raised their target price 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. Roth Capital set a $155.00 target price on Sprouts Farmers Market and gave the stock a "neutral" rating in a research note on Thursday, May 1st. Jefferies Financial Group raised Sprouts Farmers Market from a "hold" rating to a "buy" rating and set a $190.00 target price on the stock in a research note on Friday, August 1st. Finally, Evercore ISI cut their target price on Sprouts Farmers Market from $195.00 to $190.00 and set an "outperform" rating on the stock in a research note on Tuesday, August 12th. Eight research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $173.73.

Insider Activity

In related news, Director Joseph D. O'leary sold 2,937 shares of the business's stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $150.07, for a total value of $440,755.59. Following the completion of the transaction, the director directly owned 14,994 shares in the company, valued at $2,250,149.58. The trade was a 16.38% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Terri F. Graham sold 1,278 shares of the business's stock in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of $180.00, for a total transaction of $230,040.00. Following the completion of the transaction, the director owned 32,910 shares of the company's stock, valued at approximately $5,923,800. The trade was a 3.74% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 35,319 shares of company stock valued at $5,531,258. 1.10% of the stock is currently owned by insiders.

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.