Maryland State Retirement & Pension System Invests $783,000 in Sprouts Farmers Market, Inc. $SFM

Key Points

• The Maryland State Retirement & Pension System invested $783,000 in Sprouts Farmers Market, Inc. by acquiring 4,758 shares during the second quarter.
• Sprouts Farmers Market reported a 17.3% year-over-year revenue increase, with a quarterly revenue of $2.22 billion, exceeding analysts' expectations.
• Insiders, including CEO Jack Sinclair and CTO James H. Bahrenburg, have sold shares recently, indicating a potential shift in ownership as company insiders now hold 1.10% of the company's stock.

Maryland State Retirement & Pension System bought a new position in Sprouts Farmers Market, Inc. (NASDAQ:SFM - Free Report) during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 4,758 shares of the company's stock, valued at approximately $783,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Dogwood Wealth Management LLC purchased a new position in shares of Sprouts Farmers Market in the 1st quarter worth approximately $30,000. Truvestments Capital LLC purchased a new position in Sprouts Farmers Market in the first quarter valued at approximately $35,000. SVB Wealth LLC purchased a new position in Sprouts Farmers Market in the first quarter valued at approximately $36,000. Brooklyn Investment Group lifted its stake in Sprouts Farmers Market by 12,100.0% in the first 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, Global Trust Asset Management LLC lifted its stake in Sprouts Farmers Market by 520.8% in the second quarter. Global Trust Asset Management LLC now owns 298 shares of the company's stock valued at $49,000 after purchasing an additional 250 shares during the last quarter.

Sprouts Farmers Market Stock Up 3.7%

SFM opened at $106.59 on Tuesday. The stock has a market cap of $10.42 billion, a PE ratio of 21.93, a P/E/G ratio of 1.16 and a beta of 0.77. Sprouts Farmers Market, Inc. has a 52 week low of $98.75 and a 52 week high of $182.00. The business's fifty day simple moving average is $130.43 and its 200 day simple moving average is $151.21.

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, 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 business had revenue of $2.22 billion for the quarter, compared to analysts' expectations of $2.16 billion. During the same quarter in the prior year, the firm earned $0.94 earnings per share. The firm's revenue 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 analysts anticipate that Sprouts Farmers Market, Inc. will post 4.29 earnings per share for the current year.

Sprouts Farmers Market declared that its Board of Directors has initiated a share buyback plan on Tuesday, August 19th that authorizes the company to buyback $0.00 in outstanding shares. This buyback authorization authorizes the company to repurchase shares of its stock through open market purchases. Shares buyback plans are usually a sign that the company's management believes its shares are undervalued.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. Wall Street Zen upgraded Sprouts Farmers Market from a "hold" rating to a "buy" rating in a research report on Sunday, September 21st. JPMorgan Chase & Co. assumed coverage on Sprouts Farmers Market in a research report on Wednesday, August 20th. They set a "neutral" rating and a $159.00 target price on the stock. Royal Bank Of Canada set a $148.00 target price on Sprouts Farmers Market and gave the stock an "outperform" rating in a research report on Monday. UBS Group set a $180.00 target price on Sprouts Farmers Market in a research report on Thursday, July 31st. Finally, 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 research report on Friday, August 1st. Ten analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $175.21.

Insider Activity

In other news, CEO Jack Sinclair sold 4,045 shares of the firm's stock in a transaction dated Monday, October 6th. The stock was sold at an average price of $103.00, for a total transaction of $416,635.00. Following the transaction, the chief executive officer directly owned 174,740 shares of the company's stock, valued at approximately $17,998,220. This trade represents a 2.26% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CTO James H. Bahrenburg sold 4,292 shares of the firm's stock in a transaction dated Friday, September 12th. The shares were sold at an average price of $137.06, for a total value of $588,261.52. Following the transaction, the chief technology officer directly owned 9,167 shares in the company, valued at $1,256,429.02. This trade represents a 31.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 37,561 shares of company stock valued at $5,257,184. Company insiders own 1.10% of the company's stock.

About Sprouts Farmers Market

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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