Freedom Investment Management Inc. Acquires Shares of 6,197 Sprouts Farmers Market, Inc. $SFM

Key Points

• Freedom Investment Management Inc. acquired a new stake of 6,197 shares in Sprouts Farmers Market, valued at approximately $946,000, according to its recent SEC disclosure.
• Insider transactions highlighted that Director Joseph D. O'leary and CEO Jack Sinclair sold a combined total of 6,982 shares, indicating a 16.38% and 2.26% decrease in their respective positions.
• Analysts have varying price targets for Sprouts Farmers Market, with UBS setting a target of $180.00 and Barclays raising theirs from $173.00 to $185.00, reflecting positive expectations for the stock.

Freedom Investment Management Inc. purchased a new position in Sprouts Farmers Market, Inc. (NASDAQ:SFM - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 6,197 shares of the company's stock, valued at approximately $946,000.

Other institutional investors also recently added to or reduced their stakes in the company. Whipplewood Advisors LLC increased its stake in Sprouts Farmers Market by 92.0% in the 1st quarter. Whipplewood Advisors LLC now owns 192 shares of the company's stock worth $29,000 after buying an additional 92 shares during the period. Dogwood Wealth Management LLC purchased a new position in Sprouts Farmers Market in the 1st quarter worth about $30,000. SVB Wealth LLC purchased a new position in Sprouts Farmers Market in the 1st quarter worth about $36,000. Brooklyn Investment Group increased its stake in Sprouts Farmers Market by 12,100.0% in the 1st quarter. Brooklyn Investment Group now owns 244 shares of the company's stock worth $37,000 after buying an additional 242 shares during the period. Finally, Versant Capital Management Inc increased its stake in Sprouts Farmers Market by 111.3% in the 1st quarter. Versant Capital Management Inc now owns 319 shares of the company's stock worth $49,000 after buying an additional 168 shares during the period.

Sprouts Farmers Market Price Performance

NASDAQ:SFM traded down $3.17 during trading hours on Thursday, hitting $141.42. 1,840,239 shares of the company were exchanged, compared to its average volume of 1,738,635. The stock has a market capitalization of $13.82 billion, a price-to-earnings ratio of 29.10, a PEG ratio of 1.63 and a beta of 0.78. Sprouts Farmers Market, Inc. has a 52-week low of $96.05 and a 52-week high of $182.00. The company's 50 day moving average price is $156.73 and its 200-day moving average price is $157.48.

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 for 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%. Sprouts Farmers Market's revenue was up 17.3% compared to the same quarter last year. 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. On average, equities analysts predict that Sprouts Farmers Market, Inc. will post 4.29 earnings per share for the current year.

Sprouts Farmers Market announced that its Board of Directors has approved a stock repurchase plan on Tuesday, August 19th that allows the company to buyback $0.00 in shares. This buyback authorization allows the company to purchase shares of its stock through open market purchases. Stock buyback plans are generally an indication that the company's management believes its stock is undervalued.

Insider Buying and Selling at Sprouts Farmers Market

In other Sprouts Farmers Market news, Director Joe Fortunato sold 10,000 shares of Sprouts Farmers Market stock in a transaction that occurred on 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 directly owned 18,164 shares in the company, valued at approximately $2,680,461.48. The trade was a 35.51% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Joseph D. O'leary sold 2,937 shares of Sprouts Farmers Market stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $150.07, for a total transaction of $440,755.59. Following the sale, the director owned 14,994 shares of the company's stock, valued at approximately $2,250,149.58. The trade was a 16.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 35,319 shares of company stock worth $5,531,258. Corporate insiders own 1.10% of the company's stock.

Analyst Ratings Changes

SFM has been the topic of a number of research reports. Evercore ISI cut 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 research report on Tuesday, August 12th. Royal Bank Of Canada raised their target price on shares of Sprouts Farmers Market from $173.00 to $176.00 and gave the company a "sector perform" rating in a research report on Thursday, July 31st. Jefferies Financial Group raised shares of Sprouts Farmers Market from a "hold" rating to a "buy" rating and set a $190.00 target price on the stock in a research report on Friday, August 1st. Roth Capital set a $155.00 target price on shares of Sprouts Farmers Market and gave the company a "neutral" rating in a research report on Thursday, May 1st. Finally, Barclays raised shares of Sprouts Farmers Market from an "equal weight" rating to an "overweight" rating and raised their target price for the company from $173.00 to $185.00 in a research 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 MarketBeat.com, Sprouts Farmers Market currently has a consensus rating of "Moderate Buy" and a consensus target price of $173.73.

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.