EFG Asset Management North America Corp. Decreases Position in Sprouts Farmers Market, Inc. $SFM

Key Points

• EFG Asset Management North America Corp. reduced its stake in Sprouts Farmers Market, Inc. by 26.8%, leaving them with 32,144 shares valued at $4,905,000.
• Other investors, such as Whipplewood Advisors LLC, made notable increases in their positions, with Whipplewood raising its stake by 92.0%.
• Sprouts Farmers Market reported a 17.3% year-over-year revenue increase and beat earnings expectations with a quarterly EPS of $1.35.

EFG Asset Management North America Corp. reduced its position in Sprouts Farmers Market, Inc. (NASDAQ:SFM - Free Report) by 26.8% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,144 shares of the company's stock after selling 11,773 shares during the period. Sprouts Farmers Market comprises 0.8% of EFG Asset Management North America Corp.'s investment portfolio, making the stock its 29th biggest position. EFG Asset Management North America Corp.'s holdings in Sprouts Farmers Market were worth $4,905,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of SFM. Bank of America Corp DE increased its stake in Sprouts Farmers Market by 15.8% in the 4th quarter. Bank of America Corp DE now owns 901,150 shares of the company's stock valued at $114,509,000 after purchasing an additional 123,247 shares in the last quarter. Brevan Howard Capital Management LP increased its stake in Sprouts Farmers Market by 160.4% in the 4th quarter. Brevan Howard Capital Management LP now owns 8,628 shares of the company's stock valued at $1,096,000 after purchasing an additional 5,314 shares in the last quarter. Centiva Capital LP purchased a new position in Sprouts Farmers Market in the 4th quarter valued at approximately $2,240,000. Cetera Investment Advisers increased its position in Sprouts Farmers Market by 2.7% during the fourth quarter. Cetera Investment Advisers now owns 107,703 shares of the company's stock worth $13,686,000 after buying an additional 2,815 shares in the last quarter. Finally, Driehaus Capital Management LLC raised its holdings in shares of Sprouts Farmers Market by 5.2% in the fourth quarter. Driehaus Capital Management LLC now owns 942,785 shares of the company's stock worth $119,800,000 after acquiring an additional 46,258 shares during the last quarter.

Insider Activity

In other Sprouts Farmers Market news, Director Joe Fortunato sold 10,000 shares of the business's stock in a transaction dated 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 completion of the sale, the director owned 18,164 shares of the company's stock, valued at approximately $2,680,461.48. The trade was a 35.51% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Joseph D. O'leary sold 2,937 shares of the business's stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $150.07, for a total value of $440,755.59. Following the sale, the director directly owned 14,994 shares of the company's stock, valued at approximately $2,250,149.58. This trade represents a 16.38% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 38,737 shares of company stock valued at $5,954,023 in the last 90 days. 1.10% of the stock is owned by corporate insiders.

Sprouts Farmers Market Stock Performance

Sprouts Farmers Market stock traded down $1.24 during trading on Friday, hitting $138.83. The company's stock had a trading volume of 1,358,086 shares, compared to its average volume of 1,515,252. The stock has a market capitalization of $13.57 billion, a price-to-earnings ratio of 28.57, a P/E/G ratio of 1.57 and a beta of 0.86. The stock's fifty day moving average is $153.61 and its 200 day moving average is $155.95. Sprouts Farmers Market, Inc. has a 1-year low of $97.61 and a 1-year 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 EPS for the quarter, beating the consensus estimate 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 firm had revenue of $2.22 billion during the quarter, compared to analyst estimates of $2.16 billion. During the same period in the prior year, the firm posted $0.94 earnings per share. The business's quarterly 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. On average, 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 initiated a share buyback plan on Tuesday, August 19th that permits the company to buyback $0.00 in shares. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Shares buyback plans are usually an indication that the company's management believes its shares are undervalued.

Analyst Ratings Changes

SFM has been the subject of a number of analyst reports. 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 report on Thursday, July 31st. UBS Group set a $180.00 price target on Sprouts Farmers Market in a report on Thursday, July 31st. Evercore ISI cut their price target on Sprouts Farmers Market from $195.00 to $190.00 and set an "outperform" rating for the company in a report on Tuesday, August 12th. 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. Finally, 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 report on Thursday, July 31st. Eight investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $173.73.

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.