Graham Capital Management L.P. Trims Stock Position in Sprouts Farmers Market, Inc. $SFM

Key Points

• Graham Capital Management L.P. reduced its stake in Sprouts Farmers Market by 22.4%, selling 12,797 shares and retaining 44,275 shares worth approximately $6.76 million.
• Sprouts Farmers Market reported a 17.3% increase in quarterly revenue year-over-year, with earnings per share (EPS) of $1.35, exceeding expectations of $1.23.
• Recent analyst updates show a consensus rating of "Moderate Buy" for Sprouts Farmers Market, with various price targets ranging up to $190.00 from different firms.

Graham Capital Management L.P. lessened its stake in Sprouts Farmers Market, Inc. (NASDAQ:SFM - Free Report) by 22.4% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 44,275 shares of the company's stock after selling 12,797 shares during the quarter. Graham Capital Management L.P.'s holdings in Sprouts Farmers Market were worth $6,758,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Susquehanna Fundamental Investments LLC acquired a new stake in Sprouts Farmers Market during the fourth quarter worth about $369,000. AQR Capital Management LLC increased its stake in Sprouts Farmers Market by 145.8% in the fourth quarter. AQR Capital Management LLC now owns 253,915 shares of the company's stock valued at $32,265,000 after acquiring an additional 150,594 shares during the last quarter. Schonfeld Strategic Advisors LLC raised its stake in shares of Sprouts Farmers Market by 68.2% during the fourth quarter. Schonfeld Strategic Advisors LLC now owns 42,800 shares of the company's stock worth $5,439,000 after acquiring an additional 17,351 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec purchased a new stake in shares of Sprouts Farmers Market during the fourth quarter worth about $2,618,000. Finally, Alteri Wealth LLC purchased a new position in Sprouts Farmers Market during the 4th quarter valued at $964,000.

Analysts Set New Price Targets

A number of research firms have commented on SFM. UBS Group set a $180.00 target price on shares of Sprouts Farmers Market in a research note on Thursday, July 31st. JPMorgan Chase & Co. assumed coverage on shares of Sprouts Farmers Market in a research note on Wednesday, August 20th. They issued a "neutral" rating and a $159.00 price objective on the stock. Royal Bank Of Canada upped their target price on shares of Sprouts Farmers Market from $173.00 to $176.00 and gave the stock a "sector perform" rating in a report on Thursday, July 31st. Evercore ISI reduced their price objective on shares of Sprouts Farmers Market from $195.00 to $190.00 and set an "outperform" rating for the company in a research report on Tuesday, August 12th. Finally, Wells Fargo & Company upgraded shares of Sprouts Farmers Market from an "equal weight" rating to an "overweight" rating and boosted their target price for the stock from $175.00 to $180.00 in a research report on Tuesday, August 5th. Eight investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $173.73.

Sprouts Farmers Market Stock Performance

NASDAQ SFM traded down $2.07 during trading hours on Friday, hitting $138.01. 792,096 shares of the company traded hands, compared to its average volume of 1,722,797. The business's 50-day moving average is $154.08 and its 200-day moving average is $156.32. The stock has a market capitalization of $13.49 billion, a price-to-earnings ratio of 28.30, a P/E/G ratio of 1.56 and a beta of 0.86. Sprouts Farmers Market, Inc. has a twelve month low of $97.61 and a twelve month high of $182.00.

Sprouts Farmers Market (NASDAQ:SFM - Get Free Report) last issued 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. The business had revenue of $2.22 billion during the quarter, compared to analyst estimates of $2.16 billion. Sprouts Farmers Market had a return on equity of 36.53% and a net margin of 5.77%.The firm's revenue was up 17.3% compared to the same quarter last year. During the same period in the previous year, the company posted $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 predict that Sprouts Farmers Market, Inc. will post 4.29 EPS for the current year.

Sprouts Farmers Market announced that its board has authorized a share buyback program on Tuesday, August 19th that allows the company to repurchase $0.00 in outstanding shares. This repurchase authorization allows the company to reacquire shares of its stock through open market purchases. Stock repurchase programs are typically a sign that the company's board of directors believes its shares are undervalued.

Insider Buying and Selling

In other Sprouts Farmers Market news, SVP Kim Coffin sold 651 shares of Sprouts Farmers Market stock in a transaction that occurred on Thursday, August 28th. The stock was sold at an average price of $141.58, for a total transaction of $92,168.58. Following the sale, the senior vice president directly owned 11,235 shares of the company's stock, valued at approximately $1,590,651.30. The trade was a 5.48% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Jack Sinclair sold 4,045 shares of the stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $138.60, for a total value of $560,637.00. Following the sale, the chief executive officer owned 174,740 shares in the company, valued at approximately $24,218,964. This represents a 2.26% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 38,737 shares of company stock valued at $5,954,023 over the last ninety days. Corporate insiders own 1.10% of the company's stock.

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.