Martingale Asset Management L P Trims Stock Position in Sprouts Farmers Market, Inc. $SFM

Key Points

• Martingale Asset Management L P reduced its stake in Sprouts Farmers Market by 11.7%, after selling 3,411 shares, leaving them with 25,648 shares valued at approximately $3.9 million.
• Sprouts Farmers Market reported a 17.3% year-over-year revenue increase, with earnings per share of $1.35, exceeding analysts' expectations of $1.23 for the quarter.
• Several analysts have upgraded Sprouts Farmers Market's stock ratings recently, with Barclays and Wells Fargo setting new price targets of $185.00 and $180.00, respectively.

Martingale Asset Management L P trimmed its holdings in Sprouts Farmers Market, Inc. (NASDAQ:SFM - Free Report) by 11.7% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 25,648 shares of the company's stock after selling 3,411 shares during the period. Martingale Asset Management L P's holdings in Sprouts Farmers Market were worth $3,915,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of the business. Whipplewood Advisors LLC boosted its holdings 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 purchasing an additional 92 shares during the last quarter. Dogwood Wealth Management LLC purchased a new position in Sprouts Farmers Market during the first quarter worth approximately $30,000. GeoWealth Management LLC raised its holdings in shares of Sprouts Farmers Market by 115.4% during the 4th quarter. GeoWealth Management LLC now owns 265 shares of the company's stock worth $34,000 after acquiring an additional 142 shares during the period. Brooklyn Investment Group boosted its holdings in Sprouts Farmers Market by 12,100.0% in the 1st quarter. Brooklyn Investment Group now owns 244 shares of the company's stock valued at $37,000 after purchasing an additional 242 shares during the last quarter. Finally, Versant Capital Management Inc grew its position in Sprouts Farmers Market by 111.3% in the first quarter. Versant Capital Management Inc now owns 319 shares of the company's stock worth $49,000 after acquiring an additional 168 shares during the period.

Analysts Set New Price Targets

Several brokerages have weighed in 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 for the company in a research report on Friday, August 1st. Royal Bank Of Canada lifted their target price on shares of Sprouts Farmers Market from $173.00 to $176.00 and gave the company a "sector perform" rating in a report on Thursday, July 31st. Evercore ISI lowered their price target on Sprouts Farmers Market from $195.00 to $190.00 and set an "outperform" rating for the company in a research report on Tuesday, August 12th. Barclays raised Sprouts Farmers Market from an "equal weight" rating to an "overweight" rating and lifted their price objective for the company from $173.00 to $185.00 in a research note on Thursday, July 31st. Finally, Roth Capital set a $155.00 target price on Sprouts Farmers Market and gave the stock a "neutral" rating in a research note on Thursday, May 1st. Eight 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 company has a consensus rating of "Moderate Buy" and an average price target of $173.73.

Insiders Place Their Bets

In other news, insider Timmi Zalatoris sold 2,000 shares of the business's stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $164.38, for a total transaction of $328,760.00. Following the completion of the sale, the insider owned 13,263 shares in the company, valued at approximately $2,180,171.94. The trade was a 13.10% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Nicholas Konat sold 20,270 shares of the company's stock in a transaction on Thursday, May 29th. The shares were sold at an average price of $167.50, for a total transaction of $3,395,225.00. Following the completion of the transaction, the chief operating officer owned 55,675 shares of the company's stock, valued at approximately $9,325,562.50. The trade was a 26.69% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 55,589 shares of company stock worth $8,926,483. 1.10% of the stock is currently owned by company insiders.

Sprouts Farmers Market Stock Down 1.4%

NASDAQ SFM traded down $2.13 on Friday, hitting $146.28. 1,731,330 shares of the stock were exchanged, compared to its average volume of 1,770,014. Sprouts Farmers Market, Inc. has a fifty-two week low of $96.05 and a fifty-two week high of $182.00. The company has a 50-day moving average price of $158.13 and a 200-day moving average price of $158.02. The company has a market cap of $14.30 billion, a PE ratio of 30.10, a PEG ratio of 1.65 and a beta of 0.78.

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 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 business had revenue of $2.22 billion during the quarter, compared to analysts' expectations of $2.16 billion. During the same period in the previous year, the company earned $0.94 EPS. The company's revenue for the quarter 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, equities research analysts predict that Sprouts Farmers Market, Inc. will post 4.29 EPS for the current fiscal year.

Sprouts Farmers Market declared that its Board of Directors has initiated a share repurchase program on Tuesday, August 19th that allows the company to buyback $0.00 in outstanding shares. This buyback authorization allows the company to purchase shares of its stock through open market purchases. Stock buyback programs are usually an indication that the company's management 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.