Moran Wealth Management LLC Has $23.49 Million Holdings in Sprouts Farmers Market, Inc. $SFM

Key Points

• Moran Wealth Management LLC reduced its stake in Sprouts Farmers Market by 10.7%, owning 142,648 shares valued at approximately $23.49 million.
• A significant number of large investors, including Wellington Management Group LLP and Nuveen LLC, have increased their positions in Sprouts Farmers Market, indicating strong institutional interest.
• The company recently announced stronger than expected quarterly earnings, reporting a 17.3% year-over-year revenue increase and an earnings per share (EPS) of $1.35, above analysts' estimates.

Moran Wealth Management LLC lessened its position in Sprouts Farmers Market, Inc. (NASDAQ:SFM - Free Report) by 10.7% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 142,648 shares of the company's stock after selling 17,093 shares during the period. Sprouts Farmers Market makes up about 0.7% of Moran Wealth Management LLC's holdings, making the stock its 28th largest position. Moran Wealth Management LLC owned 0.15% of Sprouts Farmers Market worth $23,485,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of SFM. Wellington Management Group LLP lifted its holdings in shares of Sprouts Farmers Market by 300.3% in the 1st quarter. Wellington Management Group LLP now owns 1,037,187 shares of the company's stock worth $158,316,000 after purchasing an additional 778,079 shares in the last quarter. Nuveen LLC acquired a new position in Sprouts Farmers Market during the first quarter worth $106,852,000. Westfield Capital Management Co. LP bought a new stake in shares of Sprouts Farmers Market during the first quarter worth about $71,699,000. Alyeska Investment Group L.P. bought a new stake in shares of Sprouts Farmers Market during the first quarter worth about $55,711,000. Finally, Raiffeisen Bank International AG bought a new stake in shares of Sprouts Farmers Market during the first quarter worth about $23,434,000.

Insiders Place Their Bets

In other news, SVP Kim Coffin sold 651 shares of the firm's 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 owned 11,235 shares in the company, valued at $1,590,651.30. This trade represents a 5.48% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CTO James H. Bahrenburg sold 4,292 shares of the stock in a transaction on 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 of the company's stock, valued at approximately $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 quarter, insiders have sold 37,561 shares of company stock valued at $5,257,184. Company insiders own 1.10% of the company's stock.

Sprouts Farmers Market Trading Up 3.7%

Shares of SFM opened at $106.59 on Tuesday. The company has a market capitalization of $10.42 billion, a price-to-earnings ratio of 21.93, a PEG ratio of 1.16 and a beta of 0.77. The stock has a 50 day moving average of $130.43 and a 200 day moving average of $151.21. Sprouts Farmers Market, Inc. has a 12 month low of $98.75 and a 12 month high of $182.00.

Sprouts Farmers Market (NASDAQ:SFM - Get Free Report) last announced its quarterly earnings data 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. The firm had revenue of $2.22 billion during the quarter, compared to the consensus estimate of $2.16 billion. Sprouts Farmers Market had a return on equity of 36.53% and a net margin of 5.77%.The business's revenue for the quarter was up 17.3% on a year-over-year basis. During the same quarter in the prior 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. As a group, equities research analysts predict 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 approved a share repurchase plan on Tuesday, August 19th that permits the company to buyback $0.00 in outstanding shares. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Shares buyback plans are often a sign that the company's board of directors believes its shares are undervalued.

Wall Street Analyst Weigh In

SFM has been the subject of a number of analyst reports. JPMorgan Chase & Co. initiated coverage on Sprouts Farmers Market in a research note on Wednesday, August 20th. They set a "neutral" rating and a $159.00 price target for the company. 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 report on Thursday, July 31st. Wells Fargo & Company raised Sprouts Farmers Market from an "equal weight" rating to an "overweight" rating and increased their price target for the company from $175.00 to $180.00 in a research report on Tuesday, August 5th. Weiss Ratings reissued a "buy (b)" rating on shares of Sprouts Farmers Market in a research report on Saturday, September 27th. Finally, UBS Group set a $180.00 target price on shares of Sprouts Farmers Market in a research note on Thursday, July 31st. Ten investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. According to data from MarketBeat, Sprouts Farmers Market presently has a consensus rating of "Moderate Buy" and a consensus target price of $175.21.

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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