Klein Pavlis & Peasley Financial Inc. Trims Stake in Sprouts Farmers Market, Inc. $SFM

Key Points

• Klein Pavlis & Peasley Financial Inc. reduced its stake in Sprouts Farmers Market by 37.9%, now holding 4,899 shares worth approximately $807,000.
• CEO Jack Sinclair and SVP Kim Coffin recently sold shares, indicating a decrease in their ownership positions.
• Despite recent stake reductions by some investors, analysts maintain a consensus rating of "Moderate Buy" for Sprouts Farmers Market, with an average price target of $178.64.

Klein Pavlis & Peasley Financial Inc. cut its stake in Sprouts Farmers Market, Inc. (NASDAQ:SFM - Free Report) by 37.9% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,899 shares of the company's stock after selling 2,993 shares during the quarter. Klein Pavlis & Peasley Financial Inc.'s holdings in Sprouts Farmers Market were worth $807,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Assenagon Asset Management S.A. lifted its stake in shares of Sprouts Farmers Market by 1,033.4% in the 1st quarter. Assenagon Asset Management S.A. now owns 1,476,351 shares of the company's stock valued at $225,350,000 after purchasing an additional 1,346,097 shares during the period. Wellington Management Group LLP raised its stake in shares of Sprouts Farmers Market by 300.3% during the 1st quarter. Wellington Management Group LLP now owns 1,037,187 shares of the company's stock worth $158,316,000 after buying an additional 778,079 shares during the period. Nuveen LLC acquired a new position in Sprouts Farmers Market during the first quarter worth $106,852,000. Westfield Capital Management Co. LP purchased a new position in Sprouts Farmers Market in the 1st quarter valued at about $71,699,000. Finally, Alyeska Investment Group L.P. purchased a new position in shares of Sprouts Farmers Market in the first quarter valued at approximately $55,711,000.

Insider Activity

In other Sprouts Farmers Market news, CEO Jack Sinclair sold 4,045 shares of the business's stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $138.60, for a total transaction of $560,637.00. Following the completion of the transaction, the chief executive officer owned 174,740 shares in the company, valued at $24,218,964. The trade was a 2.26% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Kim Coffin sold 651 shares of the stock in a transaction that occurred on Thursday, August 28th. The shares were sold at an average price of $141.58, for a total transaction of $92,168.58. Following the completion of the sale, the senior vice president directly owned 11,235 shares in the company, valued at approximately $1,590,651.30. This represents a 5.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 39,561 shares of company stock valued at $5,828,401. 1.10% of the stock is owned by corporate insiders.

Sprouts Farmers Market Stock Down 1.3%

NASDAQ:SFM opened at $109.88 on Monday. Sprouts Farmers Market, Inc. has a 52 week low of $107.36 and a 52 week high of $182.00. The company has a fifty day simple moving average of $142.32 and a two-hundred day simple moving average of $154.15. The company has a market cap of $10.74 billion, a price-to-earnings ratio of 22.61, a price-to-earnings-growth ratio of 1.24 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 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 analyst estimates of $2.16 billion. During the same period last year, the business posted $0.94 earnings per share. Sprouts Farmers Market'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. On average, analysts expect that Sprouts Farmers Market, Inc. will post 4.29 EPS for the current year.

Sprouts Farmers Market declared that its board has approved a stock repurchase plan on Tuesday, August 19th that allows the company to repurchase $0.00 in outstanding shares. This repurchase authorization allows the company to buy shares of its stock through open market purchases. Shares repurchase plans are typically a sign that the company's board of directors believes its stock is undervalued.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. UBS Group set a $180.00 target price on shares of Sprouts Farmers Market in a research report on Thursday, July 31st. Evercore ISI dropped 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 report on Tuesday, August 12th. JPMorgan Chase & Co. began coverage on Sprouts Farmers Market in a research report on Wednesday, August 20th. They set a "neutral" rating and a $159.00 price objective for the company. Jefferies Financial Group upgraded Sprouts Farmers Market from a "hold" rating to a "buy" rating and set a $190.00 price target on the stock in a research note on Friday, August 1st. Finally, Wall Street Zen upgraded Sprouts Farmers Market from a "hold" rating to a "buy" rating in a research report on Sunday, September 21st. Eight analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $178.64.

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.

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