Inspire Investing LLC Increases Stake in Sprouts Farmers Market, Inc. $SFM

Key Points

• Inspire Investing LLC increased its stake in Sprouts Farmers Market by 49.5%, acquiring an additional 5,565 shares during Q1, bringing its total holdings to 16,809 shares worth $2.57 million.
• Several large investors also expanded their positions in Sprouts Farmers Market, with Crossmark Global Holdings and Whipplewood Advisors increasing their stakes by 1.2% and 92.0%, respectively.
• The company reported $1.35 earnings per share for the recent quarter, surpassing analysts' estimates, and set a FY 2025 EPS guidance of 5.200-5.320.

Inspire Investing LLC lifted its stake in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM - Free Report) by 49.5% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 16,809 shares of the company's stock after buying an additional 5,565 shares during the quarter. Inspire Investing LLC's holdings in Sprouts Farmers Market were worth $2,566,000 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 grew its position in shares of Sprouts Farmers Market by 92.0% during 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 acquired a new stake in shares of Sprouts Farmers Market during the 1st quarter worth approximately $30,000. Truvestments Capital LLC acquired a new stake in shares of Sprouts Farmers Market during the 1st quarter worth approximately $35,000. SVB Wealth LLC acquired a new stake in shares of Sprouts Farmers Market during the 1st quarter worth approximately $36,000. Finally, Brooklyn Investment Group grew its position 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 buying an additional 242 shares during the period.

Insider Activity at Sprouts Farmers Market

In other news, insider Dustin Hamilton sold 7,200 shares of Sprouts Farmers Market stock in a transaction on Thursday, September 11th. The stock was sold at an average price of $138.95, for a total transaction of $1,000,440.00. Following the sale, the insider directly owned 16,349 shares in the company, valued at $2,271,693.55. The trade was a 30.57% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Joseph D. O'leary sold 2,937 shares of Sprouts Farmers Market stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $150.07, for a total value of $440,755.59. Following the sale, the director owned 14,994 shares in the company, valued at $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. Over the last ninety days, insiders sold 43,368 shares of company stock worth $6,545,125. 1.10% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on SFM shares. Wall Street Zen cut Sprouts Farmers Market from a "buy" rating to a "hold" rating in a report on Saturday. Barclays upgraded Sprouts Farmers Market from an "equal weight" rating to an "overweight" rating and increased their target price for the stock from $173.00 to $185.00 in a report on Thursday, July 31st. UBS Group set a $180.00 target price on Sprouts Farmers Market in a report on Thursday, July 31st. Jefferies Financial Group upgraded Sprouts Farmers Market from a "hold" rating to a "buy" rating and set a $190.00 target price on the stock in a report on Friday, August 1st. Finally, Wells Fargo & Company upgraded Sprouts Farmers Market from an "equal weight" rating to an "overweight" rating and increased their target price for the stock from $175.00 to $180.00 in a report on Tuesday, August 5th. Eight equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company's stock. According to MarketBeat, Sprouts Farmers Market has an average rating of "Moderate Buy" and a consensus target price of $173.73.

Sprouts Farmers Market Stock Down 1.3%

NASDAQ:SFM traded down $1.74 during trading hours on Friday, hitting $135.98. 1,549,002 shares of the company traded hands, compared to its average volume of 1,532,315. The firm's 50-day simple moving average is $151.04 and its 200-day simple moving average is $155.56. Sprouts Farmers Market, Inc. has a one year low of $101.72 and a one year high of $182.00. The company has a market cap of $13.29 billion, a PE ratio of 27.98, a PEG ratio of 1.54 and a beta of 0.87.

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, 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 return on equity of 36.53% and a net margin of 5.77%.The business's revenue for the quarter was up 17.3% compared to the same quarter last year. During the same period in the previous year, the business 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. As a group, equities research analysts expect that Sprouts Farmers Market, Inc. will post 4.29 EPS for the current year.

Sprouts Farmers Market announced that its Board of Directors has authorized a stock repurchase program on Tuesday, August 19th that permits the company to repurchase $0.00 in shares. This repurchase authorization permits the company to reacquire shares of its stock through open market purchases. Shares repurchase programs are often an indication that the company's board believes its stock is undervalued.

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.