Ieq Capital LLC Invests $290,000 in Sprouts Farmers Market, Inc. $SFM

Key Points

• Ieq Capital LLC has made a new investment in Sprouts Farmers Market, purchasing 1,899 shares valued at approximately $290,000.
• Multiple institutional investors have increased their stakes in Sprouts Farmers Market, with notable increases of 92% from Whipplewood Advisors and 12,100% from Brooklyn Investment Group.
• Sprouts Farmers Market recently reported a 17.3% year-over-year revenue increase for the quarter, totaling $2.22 billion, and has set its FY 2025 earnings guidance between 5.200-5.320 EPS.

Ieq Capital LLC bought a new position in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 1,899 shares of the company's stock, valued at approximately $290,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Whipplewood Advisors LLC grew its stake in shares of Sprouts Farmers Market by 92.0% during the first quarter. Whipplewood Advisors LLC now owns 192 shares of the company's stock worth $29,000 after buying an additional 92 shares during the last quarter. Dogwood Wealth Management LLC bought a new stake in shares of Sprouts Farmers Market during the first quarter worth $30,000. SVB Wealth LLC bought a new stake in shares of Sprouts Farmers Market during the first quarter worth $36,000. Brooklyn Investment Group grew its stake in shares of Sprouts Farmers Market by 12,100.0% during the first quarter. Brooklyn Investment Group now owns 244 shares of the company's stock worth $37,000 after buying an additional 242 shares during the last quarter. Finally, Versant Capital Management Inc grew its stake in shares of Sprouts Farmers Market by 111.3% during the first 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 last quarter.

Sprouts Farmers Market Price Performance

Shares of SFM stock traded up $3.62 on Thursday, reaching $137.72. 1,899,343 shares of the company were exchanged, compared to its average volume of 1,507,826. The company has a market cap of $13.46 billion, a price-to-earnings ratio of 28.34, a PEG ratio of 1.51 and a beta of 0.86. The company has a 50-day moving average of $151.57 and a 200-day moving average of $155.50. Sprouts Farmers Market, Inc. has a one year low of $100.59 and a one year high of $182.00.

Sprouts Farmers Market (NASDAQ:SFM - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The company reported $1.35 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.23 by $0.12. The company had revenue of $2.22 billion for the quarter, compared to analysts' expectations of $2.16 billion. Sprouts Farmers Market had a net margin of 5.77% and a return on equity of 36.53%. The business's revenue was up 17.3% on a year-over-year basis. 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 predict that Sprouts Farmers Market, Inc. will post 4.29 EPS for the current year.

Sprouts Farmers Market declared that its board has initiated a share buyback program on Tuesday, August 19th that authorizes the company to buyback $0.00 in outstanding shares. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Shares buyback programs are often a sign that the company's board of directors believes its shares are undervalued.

Insider Activity at Sprouts Farmers Market

In other news, SVP Kim Coffin sold 651 shares of the stock in a transaction dated Thursday, August 28th. The shares were sold at an average price of $141.58, for a total transaction of $92,168.58. Following the transaction, the senior vice president owned 11,235 shares of the company's stock, valued at $1,590,651.30. This represents a 5.48% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Joseph D. O'leary sold 2,937 shares of the stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $150.07, for a total transaction of $440,755.59. Following the transaction, the director directly owned 14,994 shares in the company, valued at $2,250,149.58. This trade represents a 16.38% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 36,168 shares of company stock worth $5,544,685. 1.10% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of brokerages have recently commented on SFM. Jefferies Financial Group upgraded shares of Sprouts Farmers Market from a "hold" rating to a "buy" rating and set a $190.00 price target on the stock in a report on Friday, August 1st. JPMorgan Chase & Co. began coverage on shares of Sprouts Farmers Market in a report on Wednesday, August 20th. They set a "neutral" rating and a $159.00 price target on the stock. Barclays upgraded shares of Sprouts Farmers Market from an "equal weight" rating to an "overweight" rating and lifted 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 shares of Sprouts Farmers Market in a report on Thursday, July 31st. Finally, Wells Fargo & Company upgraded shares of Sprouts Farmers Market from an "equal weight" rating to an "overweight" rating and lifted their price target for the stock from $175.00 to $180.00 in a 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 stock. Based on data from MarketBeat, Sprouts Farmers Market presently has a consensus rating of "Moderate Buy" and a consensus price target 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.