Dakota Wealth Management Boosts Stock Position in Sprouts Farmers Market, Inc. $SFM

Key Points

• Dakota Wealth Management increased its stake in Sprouts Farmers Market by 12.2%, acquiring a total of 22,162 shares, valued at approximately $3.65 million.
• Sprouts Farmers Market reported $1.35 earnings per share for the last quarter, exceeding analyst estimates by $0.12, with revenue rising 17.3% year-over-year.
• The company has initiated a share repurchase plan, indicating that its leadership views the stock as potentially undervalued despite insider sales totaling 39,561 shares in the last quarter.

Dakota Wealth Management boosted its holdings in Sprouts Farmers Market, Inc. (NASDAQ:SFM - Free Report) by 12.2% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 22,162 shares of the company's stock after buying an additional 2,406 shares during the quarter. Dakota Wealth Management's holdings in Sprouts Farmers Market were worth $3,649,000 at the end of the most recent quarter.

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

Sprouts Farmers Market Price Performance

Sprouts Farmers Market stock opened at $111.36 on Friday. The firm's fifty day moving average price is $143.43 and its 200 day moving average price is $154.06. The company has a market capitalization of $10.88 billion, a price-to-earnings ratio of 22.91, a price-to-earnings-growth ratio of 1.31 and a beta of 0.86. Sprouts Farmers Market, Inc. has a 12-month low of $107.36 and a 12-month high of $182.00.

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 for the quarter, topping the consensus estimate of $1.23 by $0.12. The company had revenue of $2.22 billion during the quarter, compared to the consensus estimate of $2.16 billion. Sprouts Farmers Market had a net margin of 5.77% and a return on equity of 36.53%. The company's revenue was up 17.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $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. Analysts forecast 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 share repurchase plan on Tuesday, August 19th that permits the company to buyback $0.00 in shares. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Shares buyback plans are generally a sign that the company's leadership believes its stock is undervalued.

Analyst Ratings Changes

SFM has been the subject of a number of research analyst reports. Evercore ISI dropped their target price on shares of Sprouts Farmers Market from $195.00 to $190.00 and set an "outperform" rating for the company in a report on Tuesday, August 12th. JPMorgan Chase & Co. initiated coverage on shares of Sprouts Farmers Market in a research note on Wednesday, August 20th. They issued a "neutral" rating and a $159.00 target price for the company. Jefferies Financial Group raised shares of Sprouts Farmers Market from a "hold" rating to a "buy" rating and set a $190.00 target price for the company in a research note on Friday, August 1st. Wells Fargo & Company upgraded shares of Sprouts Farmers Market from an "equal weight" rating to an "overweight" rating and lifted their price target for the company from $175.00 to $180.00 in a report on Tuesday, August 5th. Finally, Wall Street Zen upgraded shares of Sprouts Farmers Market from a "hold" rating to a "buy" rating in a report on Sunday, September 21st. Eight analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, Sprouts Farmers Market currently has a consensus rating of "Moderate Buy" and a consensus price target of $178.64.

Insider Buying and Selling at Sprouts Farmers Market

In related news, 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 transaction 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 represents a 35.51% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Dustin Hamilton sold 7,200 shares of the business'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 transaction, the insider directly owned 16,349 shares of the company's stock, valued at $2,271,693.55. The trade was a 30.57% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 39,561 shares of company stock worth $5,828,401. 1.10% of the stock is owned by company insiders.

Sprouts Farmers Market Profile

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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