Great Lakes Advisors LLC Has $23.74 Million Stake in Sprouts Farmers Market, Inc. $SFM

Key Points

• Great Lakes Advisors LLC reduced its stake in Sprouts Farmers Market by 15.5%, now holding 155,549 shares valued at approximately $23.74 million.
• Sprouts Farmers Market's stock price has fluctuated between a 1-year low of $97.61 and a high of $182.00, currently trading around $138.83.
• The company reported earnings per share of $1.35 for the last quarter, exceeding estimates, and provided FY 2025 guidance of 5.200-5.320 EPS.

Great Lakes Advisors LLC decreased its stake in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM - Free Report) by 15.5% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 155,549 shares of the company's stock after selling 28,625 shares during the quarter. Great Lakes Advisors LLC owned about 0.16% of Sprouts Farmers Market worth $23,743,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. Whipplewood Advisors LLC lifted its holdings in shares of 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 purchasing an additional 92 shares in the last quarter. Dogwood Wealth Management LLC bought a new stake in shares of Sprouts Farmers Market in the 1st quarter worth $30,000. Truvestments Capital LLC bought a new stake in shares of Sprouts Farmers Market in the 1st quarter worth $35,000. SVB Wealth LLC bought a new stake in shares of Sprouts Farmers Market during the 1st quarter worth $36,000. Finally, Brooklyn Investment Group raised its stake in shares of Sprouts Farmers Market by 12,100.0% during the 1st quarter. Brooklyn Investment Group now owns 244 shares of the company's stock worth $37,000 after purchasing an additional 242 shares during the period.

Sprouts Farmers Market Price Performance

NASDAQ:SFM opened at $138.83 on Monday. Sprouts Farmers Market, Inc. has a 1-year low of $97.61 and a 1-year high of $182.00. The business has a 50 day moving average of $153.61 and a 200 day moving average of $155.86. The company has a market capitalization of $13.57 billion, a price-to-earnings ratio of 28.57, a PEG ratio of 1.57 and a beta of 0.87.

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 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 the consensus estimate of $2.16 billion. During the same quarter in the previous year, the company posted $0.94 earnings per share. The business's revenue was up 17.3% on a year-over-year basis. 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 EPS for the current year.

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

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. Barclays upgraded Sprouts Farmers Market from an "equal weight" rating to an "overweight" rating and lifted their target price for the stock from $173.00 to $185.00 in a research note on Thursday, July 31st. Wells Fargo & Company raised Sprouts Farmers Market from an "equal weight" rating to an "overweight" rating and lifted their price objective for the stock from $175.00 to $180.00 in a report on Tuesday, August 5th. Evercore ISI decreased their price target on 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 boosted their price objective 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. Finally, UBS Group set a $180.00 price objective on Sprouts Farmers Market in a report on Thursday, July 31st. Eight research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $173.73.

Insider Transactions at Sprouts Farmers Market

In related news, insider Timmi Zalatoris sold 2,000 shares of the company's stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $164.38, for a total transaction of $328,760.00. Following the completion of the transaction, the insider owned 13,263 shares in the company, valued at $2,180,171.94. This represents a 13.10% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Kim Coffin sold 651 shares of the company's stock in a transaction that occurred on Thursday, August 28th. The shares were sold at an average price of $141.58, for a total value of $92,168.58. Following the transaction, the senior vice president owned 11,235 shares of the company's stock, valued at approximately $1,590,651.30. This represents a 5.48% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 38,737 shares of company stock valued at $5,954,023. Insiders own 1.10% of the company's stock.

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.

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