DekaBank Deutsche Girozentrale Lowers Holdings in Sprouts Farmers Market, Inc. $SFM

Key Points

• DekaBank Deutsche Girozentrale has reduced its stake in Sprouts Farmers Market by 2.6%, now holding 171,005 shares valued at approximately $27.7 million as of the latest SEC filing.
• Several hedge funds, including Mezzasalma Advisors LLC and Chicago Partners Investment Group LLC, have adjusted their positions in Sprouts, with notable increases in holdings during the same quarter.
• Amid recent insider trading activity, CTO James H. Bahrenburg and Director Joe Fortunato significantly reduced their respective stakes by 31.89% and 35.51% through recent share sales.

DekaBank Deutsche Girozentrale decreased its stake in Sprouts Farmers Market, Inc. (NASDAQ:SFM - Free Report) by 2.6% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 171,005 shares of the company's stock after selling 4,628 shares during the quarter. DekaBank Deutsche Girozentrale owned approximately 0.17% of Sprouts Farmers Market worth $27,723,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the stock. Mezzasalma Advisors LLC boosted its stake in shares of Sprouts Farmers Market by 6.2% in the second quarter. Mezzasalma Advisors LLC now owns 22,409 shares of the company's stock worth $3,689,000 after buying an additional 1,301 shares during the last quarter. Chicago Partners Investment Group LLC boosted its position in Sprouts Farmers Market by 0.6% during the second quarter. Chicago Partners Investment Group LLC now owns 10,355 shares of the company's stock worth $1,691,000 after purchasing an additional 65 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in Sprouts Farmers Market during the second quarter worth approximately $3,758,000. Koshinski Asset Management Inc. purchased a new position in Sprouts Farmers Market during the second quarter worth approximately $659,000. Finally, Private Trust Co. NA boosted its position in Sprouts Farmers Market by 5.5% during the second quarter. Private Trust Co. NA now owns 2,412 shares of the company's stock worth $397,000 after purchasing an additional 126 shares in the last quarter.

Insider Buying and Selling at Sprouts Farmers Market

In related news, CTO James H. Bahrenburg sold 4,292 shares of the stock in a transaction that occurred on Friday, September 12th. The stock was sold at an average price of $137.06, for a total value of $588,261.52. Following the completion of the sale, the chief technology officer owned 9,167 shares of the company's stock, valued at approximately $1,256,429.02. This trade represents a 31.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Joe Fortunato sold 10,000 shares of the stock in a transaction that occurred 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 directly owned 18,164 shares of the company's stock, valued at approximately $2,680,461.48. This represents a 35.51% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 38,429 shares of company stock valued at $5,351,362. 1.10% of the stock is owned by insiders.

Sprouts Farmers Market Price Performance

Shares of Sprouts Farmers Market stock opened at $108.10 on Thursday. The business has a 50 day simple moving average of $125.11 and a two-hundred day simple moving average of $149.21. Sprouts Farmers Market, Inc. has a 12 month low of $98.75 and a 12 month high of $182.00. The stock has a market capitalization of $10.56 billion, a P/E ratio of 22.24, a PEG ratio of 1.24 and a beta of 0.77.

Sprouts Farmers Market (NASDAQ:SFM - Get Free Report) last announced its earnings results on Wednesday, July 30th. The company reported $1.35 EPS for the quarter, beating 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 quarter in the prior year, the firm earned $0.94 earnings per share. The business's revenue 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. As a group, research analysts anticipate that Sprouts Farmers Market, Inc. will post 4.29 EPS for the current fiscal year.

Sprouts Farmers Market announced that its board has approved a stock repurchase plan on Tuesday, August 19th that authorizes the company to repurchase $0.00 in shares. This repurchase authorization authorizes the company to reacquire shares of its stock through open market purchases. Shares repurchase plans are usually an indication that the company's board believes its shares are undervalued.

Analyst Ratings Changes

A number of brokerages have issued reports on SFM. Royal Bank Of Canada set a $148.00 price target on Sprouts Farmers Market and gave the stock an "outperform" rating in a research report on Monday, October 13th. Barclays upgraded Sprouts Farmers Market from an "equal weight" rating to an "overweight" rating and increased their price target for the stock from $173.00 to $185.00 in a research report on Thursday, July 31st. Jefferies Financial Group upgraded Sprouts Farmers Market from a "hold" rating to a "buy" rating and set a $190.00 price target on the stock in a research report on Friday, August 1st. Wells Fargo & Company upgraded Sprouts Farmers Market from an "equal weight" rating to an "overweight" rating and increased their price target for the stock from $175.00 to $180.00 in a research report on Tuesday, August 5th. Finally, Evercore ISI lowered their price target on Sprouts Farmers Market from $185.00 to $180.00 and set an "outperform" rating on the stock in a research report on Tuesday. Ten investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $170.07.

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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