Dimensional Fund Advisors LP Buys 15,930 Shares of Sprouts Farmers Market, Inc. $SFM

Key Points

• Dimensional Fund Advisors LP acquired an additional 15,930 shares of Sprouts Farmers Market, Inc., increasing its total holdings to approximately 2.27% of the company, valued at $338.48 million.
• Insider trading activity revealed that the Director Joseph D. O'leary and CEO Jack Sinclair sold a combined total of over 6,900 shares, indicating a decrease in their respective ownership stakes in the company.
• Sprouts Farmers Market reported a quarterly earnings per share (EPS) of $1.35, surpassing analysts' expectations of $1.23, while its revenue for the quarter reached $2.22 billion.

Dimensional Fund Advisors LP boosted its position in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM - Free Report) by 0.7% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,217,900 shares of the company's stock after acquiring an additional 15,930 shares during the period. Dimensional Fund Advisors LP owned 2.27% of Sprouts Farmers Market worth $338,481,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in SFM. Sowell Financial Services LLC acquired a new stake in Sprouts Farmers Market during the first quarter valued at $270,000. Caisse DE Depot ET Placement DU Quebec acquired a new stake in shares of Sprouts Farmers Market in the fourth quarter valued at approximately $2,618,000. Clark Capital Management Group Inc. boosted its position in shares of Sprouts Farmers Market by 32.1% during the 4th quarter. Clark Capital Management Group Inc. now owns 100,165 shares of the company's stock valued at $12,728,000 after acquiring an additional 24,364 shares during the last quarter. Two Sigma Investments LP increased its holdings in shares of Sprouts Farmers Market by 21.3% during the 4th quarter. Two Sigma Investments LP now owns 12,890 shares of the company's stock worth $1,638,000 after buying an additional 2,261 shares during the last quarter. Finally, Anderson Hoagland & Co. purchased a new stake in Sprouts Farmers Market in the first quarter valued at $2,866,000.

Sprouts Farmers Market Trading Down 1.1%

SFM stock traded down $1.6450 during mid-day trading on Friday, hitting $146.7650. 554,620 shares of the company were exchanged, compared to its average volume of 1,727,524. The firm has a fifty day simple moving average of $158.36 and a 200 day simple moving average of $158.31. Sprouts Farmers Market, Inc. has a twelve month low of $96.05 and a twelve month high of $182.00. The company has a market capitalization of $14.34 billion, a PE ratio of 30.20, a price-to-earnings-growth ratio of 1.71 and a beta of 0.78.

Sprouts Farmers Market (NASDAQ:SFM - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The company reported $1.35 earnings per share for the quarter, beating analysts' consensus estimates 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 net margin of 5.77% and a return on equity of 36.53%. The company's revenue for the quarter was up 17.3% compared to the same quarter last year. During the same quarter in the prior 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. As a group, sell-side analysts anticipate that Sprouts Farmers Market, Inc. will post 4.29 earnings per share for the current year.

Sprouts Farmers Market declared that its Board of Directors has approved a share repurchase plan on Tuesday, August 19th that permits the company to repurchase $0.00 in outstanding shares. This repurchase authorization permits the company to reacquire shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company's board of directors believes its stock is undervalued.

Insider Buying and Selling at Sprouts Farmers Market

In other Sprouts Farmers Market news, Director Terri F. Graham sold 1,278 shares of the firm's stock in a transaction dated 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 sale, the director directly owned 32,910 shares in the company, valued at approximately $5,923,800. This trade represents a 3.74% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Joe Fortunato sold 10,000 shares of the firm's stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $147.57, for a total transaction of $1,475,700.00. Following the sale, the director owned 18,164 shares of the company's stock, valued at approximately $2,680,461.48. This 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 valued at $8,926,483 over the last 90 days. 1.10% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

SFM has been the subject of several research reports. Barclays raised Sprouts Farmers Market from an "equal weight" rating to an "overweight" rating and lifted their target price for the company from $173.00 to $185.00 in a research report on Thursday, July 31st. 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. Roth Capital set a $155.00 price objective on Sprouts Farmers Market and gave the company a "neutral" rating in a research note on Thursday, May 1st. Evercore ISI lowered their target price on shares of Sprouts Farmers Market from $195.00 to $190.00 and set an "outperform" rating on the stock in a report on Tuesday, August 12th. Finally, Wells Fargo & Company upgraded Sprouts Farmers Market from an "equal weight" rating to an "overweight" rating and increased their price objective for the stock from $175.00 to $180.00 in a research report on Tuesday, August 5th. Eight research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, Sprouts Farmers Market currently has a consensus rating of "Moderate Buy" and a consensus target price of $173.73.

Sprouts Farmers Market Company 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.