Integrity Alliance LLC. Invests $411,000 in Sprouts Farmers Market, Inc. $SFM

Key Points

• Integrity Alliance LLC made a new investment of $411,000 in Sprouts Farmers Market, acquiring 2,694 shares of the company during the first quarter.
• Several institutional investors, including Dimensional Fund Advisors and Wellington Management Group, significantly increased their positions in Sprouts Farmers Market shares during the same period.
• Analysts have issued mixed ratings for Sprouts Farmers Market, with eight recommending a buy rating and a consensus target price set at $173.73.

Integrity Alliance LLC. purchased 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 filing with the Securities and Exchange Commission (SEC). The fund purchased 2,694 shares of the company's stock, valued at approximately $411,000.

A number of other hedge funds also recently modified their holdings of the business. Crossmark Global Holdings Inc. lifted its holdings in shares of Sprouts Farmers Market by 1.2% during the first quarter. Crossmark Global Holdings Inc. now owns 7,201 shares of the company's stock worth $1,099,000 after purchasing an additional 84 shares during the period. Whipplewood Advisors LLC lifted its holdings 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 purchasing an additional 92 shares during the period. Avantax Advisory Services Inc. lifted its holdings in shares of Sprouts Farmers Market by 2.1% during the first quarter. Avantax Advisory Services Inc. now owns 4,899 shares of the company's stock worth $748,000 after purchasing an additional 99 shares during the period. JT Stratford LLC lifted its holdings in shares of Sprouts Farmers Market by 0.9% during the fourth quarter. JT Stratford LLC now owns 11,091 shares of the company's stock worth $1,409,000 after purchasing an additional 100 shares during the period. Finally, Linden Thomas Advisory Services LLC lifted its holdings in shares of Sprouts Farmers Market by 3.0% during the first quarter. Linden Thomas Advisory Services LLC now owns 3,492 shares of the company's stock worth $533,000 after purchasing an additional 102 shares during the period.

Sprouts Farmers Market Stock Down 5.2%

SFM traded down $7.10 during midday trading on Monday, hitting $128.88. The company had a trading volume of 2,530,923 shares, compared to its average volume of 1,532,315. Sprouts Farmers Market, Inc. has a 52 week low of $101.80 and a 52 week high of $182.00. The company has a market capitalization of $12.60 billion, a price-to-earnings ratio of 26.52, a PEG ratio of 1.54 and a beta of 0.87. The stock's 50 day moving average price is $150.33 and its 200 day moving average price is $155.42.

Sprouts Farmers Market (NASDAQ:SFM - Get Free Report) last posted its quarterly earnings results 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 net margin of 5.77% and a return on equity of 36.53%. The firm had revenue of $2.22 billion during the quarter, compared to the consensus estimate of $2.16 billion. During the same period in the previous year, the firm posted $0.94 earnings per share. The business's revenue was up 17.3% compared to the same quarter last year. Sprouts Farmers Market has set its FY 2025 guidance at 5.200-5.320 EPS. Q3 2025 guidance at 1.120-1.160 EPS. Research analysts predict that Sprouts Farmers Market, Inc. will post 4.29 EPS for the current year.

Sprouts Farmers Market announced that its board has approved a stock repurchase program on Tuesday, August 19th that allows the company to buyback $0.00 in shares. This buyback authorization allows the company to repurchase shares of its stock through open market purchases. Shares buyback programs are typically an indication that the company's board of directors believes its stock is undervalued.

Analyst Ratings Changes

A number of equities analysts have recently commented on SFM shares. UBS Group set a $180.00 price target on shares of Sprouts Farmers Market in a report on Thursday, July 31st. JPMorgan Chase & Co. assumed 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. Evercore ISI lowered their target price on shares of Sprouts Farmers Market from $195.00 to $190.00 and set an "outperform" rating for the company in a research note on Tuesday, August 12th. Jefferies Financial Group raised shares of Sprouts Farmers Market from a "hold" rating to a "buy" rating and set a $190.00 target price for the company in a research note on Friday, August 1st. Finally, Wall Street Zen downgraded shares of Sprouts Farmers Market from a "buy" rating to a "hold" rating in a research note on Saturday. Eight research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $173.73.

Insider Transactions at Sprouts Farmers Market

In other news, insider Dustin Hamilton sold 7,200 shares of the business's stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $138.95, for a total transaction of $1,000,440.00. Following the completion of the sale, the insider directly owned 16,349 shares of the company's stock, valued at $2,271,693.55. The trade was a 30.57% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CTO James H. Bahrenburg sold 4,292 shares of the business's stock in a transaction dated Friday, September 12th. The stock was sold at an average price of $137.06, for a total transaction of $588,261.52. Following the sale, the chief technology officer directly owned 9,167 shares of the company's stock, valued at approximately $1,256,429.02. The trade was a 31.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 43,606 shares of company stock valued at $6,482,923. 1.10% of the stock is owned by insiders.

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.