Cresset Asset Management LLC Takes $541,000 Position in Sprouts Farmers Market, Inc. $SFM

Key Points

• Cresset Asset Management LLC acquired a new stake in Sprouts Farmers Market, Inc., purchasing 3,544 shares valued at approximately $541,000.
• A number of hedge funds significantly increased their positions in Sprouts, with notable raises including a 92% stake increase from Whipplewood Advisors LLC and a 115.4% increase from GeoWealth Management LLC.
• Sprouts Farmers Market reported $1.35 EPS for Q2, surpassing estimates, and has set FY 2025 guidance at 5.200-5.320 EPS.

Cresset Asset Management LLC bought a new stake in Sprouts Farmers Market, Inc. (NASDAQ:SFM - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 3,544 shares of the company's stock, valued at approximately $541,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of SFM. GeoWealth Management LLC raised its position in Sprouts Farmers Market by 115.4% in the 4th quarter. GeoWealth Management LLC now owns 265 shares of the company's stock valued at $34,000 after buying an additional 142 shares during the last quarter. First Trust Advisors LP raised its position in Sprouts Farmers Market by 20.8% in the 4th quarter. First Trust Advisors LP now owns 172,311 shares of the company's stock valued at $21,896,000 after buying an additional 29,704 shares during the last quarter. Tower Research Capital LLC TRC raised its position in Sprouts Farmers Market by 182.2% in the 4th quarter. Tower Research Capital LLC TRC now owns 7,786 shares of the company's stock valued at $989,000 after buying an additional 5,027 shares during the last quarter. TD Waterhouse Canada Inc. raised its position in Sprouts Farmers Market by 85.5% in the 4th quarter. TD Waterhouse Canada Inc. now owns 970 shares of the company's stock valued at $123,000 after buying an additional 447 shares during the last quarter. Finally, Stifel Financial Corp increased its position in shares of Sprouts Farmers Market by 7.4% during the 4th quarter. Stifel Financial Corp now owns 77,293 shares of the company's stock worth $9,822,000 after purchasing an additional 5,310 shares during the last quarter.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on SFM. UBS Group set a $180.00 price target on Sprouts Farmers Market in a research report on Thursday, July 31st. Barclays raised Sprouts Farmers Market from an "equal weight" rating to an "overweight" rating and boosted their price target for the stock from $173.00 to $185.00 in a research report on Thursday, July 31st. Royal Bank Of Canada boosted 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. Roth Capital set a $155.00 price target on Sprouts Farmers Market and gave the stock a "neutral" rating in a research report on Thursday, May 1st. Finally, JPMorgan Chase & Co. began coverage on Sprouts Farmers Market in a research note on Wednesday, August 20th. They set a "neutral" rating and a $159.00 target price for the company. Eight equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $173.73.

Insiders Place Their Bets

In related news, CEO Jack Sinclair sold 4,045 shares of the business's stock in a transaction on Monday, August 4th. The stock was sold at an average price of $156.76, for a total value of $634,094.20. Following the completion of the sale, the chief executive officer directly owned 174,740 shares in the company, valued at $27,392,242.40. The trade was a 2.26% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Joe Fortunato sold 10,000 shares of the business's stock in a transaction on 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 sale, the director owned 18,164 shares of the company's stock, valued at $2,680,461.48. This trade represents a 35.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 55,589 shares of company stock worth $8,926,483 over the last three months. 1.10% of the stock is currently owned by corporate insiders.

Sprouts Farmers Market Stock Up 0.2%

Shares of NASDAQ SFM traded up $0.31 during midday trading on Wednesday, hitting $144.59. 1,060,335 shares of the company's stock were exchanged, compared to its average volume of 1,728,113. Sprouts Farmers Market, Inc. has a 12 month low of $96.05 and a 12 month high of $182.00. The company's 50 day moving average price is $157.48 and its 200 day moving average price is $157.76. The firm has a market capitalization of $14.13 billion, a PE ratio of 29.75, a price-to-earnings-growth ratio of 1.64 and a beta of 0.78.

Sprouts Farmers Market (NASDAQ:SFM - Get Free Report) last released its quarterly 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. The business had revenue of $2.22 billion during the quarter, compared to the consensus estimate of $2.16 billion. Sprouts Farmers Market had a return on equity of 36.53% and a net margin of 5.77%.The firm's quarterly revenue was up 17.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.94 EPS. 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, equities research analysts anticipate that Sprouts Farmers Market, Inc. will post 4.29 EPS for the current year.

Sprouts Farmers Market announced that its board has initiated 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 purchase shares of its stock through open market purchases. Stock repurchase plans are often a sign 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.