MGO One Seven LLC Sells 10,814 Shares of Sprouts Farmers Market, Inc. $SFM

Key Points

• MGO One Seven LLC reduced its stake in Sprouts Farmers Market by 82.5%, selling 10,814 shares and retaining 2,292 shares valued at $377,000 as of the latest SEC filing.
• The company reported earnings of $1.35 EPS for the recent quarter, exceeding analysts' expectations, and had quarterly revenue of $2.22 billion, which is a 17.3% increase from the previous year.
• Sprouts Farmers Market announced a stock buyback program to repurchase shares, indicating that the board believes the stock is undervalued; the current market cap stands at $10.92 billion.

MGO One Seven LLC trimmed its stake in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM - Free Report) by 82.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,292 shares of the company's stock after selling 10,814 shares during the quarter. MGO One Seven LLC's holdings in Sprouts Farmers Market were worth $377,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Sowell Financial Services LLC bought a new position in Sprouts Farmers Market during the 1st quarter worth approximately $270,000. AMF Tjanstepension AB bought a new position in Sprouts Farmers Market during the 2nd quarter worth approximately $1,580,000. Silver Oak Securities Incorporated purchased a new stake in Sprouts Farmers Market in the 2nd quarter worth approximately $727,000. Maverick Capital Ltd. purchased a new stake in Sprouts Farmers Market in the 1st quarter worth approximately $8,341,000. Finally, Andrew Hill Investment Advisors Inc. purchased a new stake in Sprouts Farmers Market in the 2nd quarter worth approximately $3,128,000.

Sprouts Farmers Market Stock Up 0.2%

SFM stock opened at $111.78 on Friday. Sprouts Farmers Market, Inc. has a twelve month low of $98.75 and a twelve month high of $182.00. The firm has a market cap of $10.92 billion, a PE ratio of 23.00, a price-to-earnings-growth ratio of 1.26 and a beta of 0.77. The business has a 50 day moving average of $127.39 and a 200 day moving average of $150.03.

Sprouts Farmers Market (NASDAQ:SFM - Get Free Report) last posted 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 business had revenue of $2.22 billion during the quarter, compared to analyst estimates of $2.16 billion. Sprouts Farmers Market had a return on equity of 36.53% and a net margin of 5.77%.The company's quarterly revenue was up 17.3% compared to the same quarter last year. During the same quarter last year, the company earned $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. On average, research analysts expect that Sprouts Farmers Market, Inc. will post 4.29 earnings per share for the current fiscal year.

Sprouts Farmers Market announced that its Board of Directors has approved a stock buyback 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 typically a sign that the company's board of directors believes its stock is undervalued.

Insiders Place Their Bets

In other Sprouts Farmers Market news, Director Joe Fortunato sold 10,000 shares of Sprouts Farmers Market stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $147.57, for a total value of $1,475,700.00. Following the completion of the sale, the director owned 18,164 shares of the company's stock, valued at approximately $2,680,461.48. This trade represents a 35.51% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CTO James H. Bahrenburg sold 4,292 shares of Sprouts Farmers Market stock in a transaction on Friday, September 12th. The stock was sold at an average price of $137.06, for a total value of $588,261.52. Following the completion of the sale, the chief technology officer directly owned 9,167 shares of the company's stock, valued at $1,256,429.02. The trade was a 31.89% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 38,429 shares of company stock worth $5,351,362. 1.10% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

SFM has been the subject of several research analyst reports. Wall Street Zen cut Sprouts Farmers Market from a "buy" rating to a "hold" rating in a report on Saturday. Royal Bank Of Canada set a $148.00 price objective on Sprouts Farmers Market and gave the stock an "outperform" rating in a report on Monday, October 13th. JPMorgan Chase & Co. started coverage on Sprouts Farmers Market in a research note on Wednesday, August 20th. They issued a "neutral" rating and a $159.00 target price for the company. Wells Fargo & Company upgraded Sprouts Farmers Market from an "equal weight" rating to an "overweight" rating and raised their target price for the company from $175.00 to $180.00 in a research note on Tuesday, August 5th. Finally, Barclays upgraded Sprouts Farmers Market from an "equal weight" rating to an "overweight" rating and raised their target price for the company from $173.00 to $185.00 in a research note on Thursday, July 31st. Ten equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $176.29.

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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