Nordea Investment Management AB Sells 366,757 Shares of Sprouts Farmers Market, Inc. $SFM

Key Points

• Nordea Investment Management AB reduced its stake in Sprouts Farmers Market, Inc. by 17.7%, selling 366,757 shares during the second quarter.
• Several large investors increased their positions in Sprouts Farmers Market, including Harbour Investments Inc. and Bayforest Capital Ltd., which saw increases of 1,653.4% and 394.9%, respectively.
• Analysts have raised their ratings and price targets for the company, with Jefferies Financial Group upgrading Sprouts Farmers Market to a "buy" rating and setting a target of $190.00.

Nordea Investment Management AB cut its holdings in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM - Free Report) by 17.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,700,655 shares of the company's stock after selling 366,757 shares during the quarter. Nordea Investment Management AB owned about 1.74% of Sprouts Farmers Market worth $276,118,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Harbour Investments Inc. increased its position in shares of Sprouts Farmers Market by 1,653.4% during the second quarter. Harbour Investments Inc. now owns 2,332 shares of the company's stock valued at $384,000 after purchasing an additional 2,199 shares during the period. Bayforest Capital Ltd grew its position in Sprouts Farmers Market by 394.9% in the second quarter. Bayforest Capital Ltd now owns 6,478 shares of the company's stock valued at $1,067,000 after acquiring an additional 5,169 shares during the period. TD Asset Management Inc bought a new stake in shares of Sprouts Farmers Market during the second quarter worth $1,381,000. Axxcess Wealth Management LLC grew its holdings in shares of Sprouts Farmers Market by 5.1% during the second quarter. Axxcess Wealth Management LLC now owns 19,779 shares of the company's stock worth $3,256,000 after purchasing an additional 952 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. grew its holdings in shares of Sprouts Farmers Market by 152.7% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 12,990 shares of the company's stock worth $2,139,000 after purchasing an additional 7,850 shares during the last quarter.

Sprouts Farmers Market Price Performance

NASDAQ SFM opened at $111.55 on Friday. The firm has a market cap of $10.90 billion, a P/E ratio of 22.95, a P/E/G ratio of 1.29 and a beta of 0.77. The stock's 50-day moving average is $128.14 and its 200-day moving average is $150.39. Sprouts Farmers Market, Inc. has a one year low of $98.75 and a one year high of $182.00.

Sprouts Farmers Market (NASDAQ:SFM - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The company reported $1.35 earnings per share (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 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%.Sprouts Farmers Market's quarterly revenue was up 17.3% on a year-over-year basis. During the same period last year, the company earned $0.94 earnings per share. Sprouts Farmers Market has set its FY 2025 guidance at 5.200-5.320 EPS. Q3 2025 guidance at 1.120-1.160 EPS. Equities analysts anticipate that Sprouts Farmers Market, Inc. will post 4.29 EPS for the current year.

Sprouts Farmers Market declared that its board has authorized a share buyback plan on Tuesday, August 19th that authorizes the company to repurchase $0.00 in shares. This repurchase authorization authorizes the company to purchase shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company's leadership believes its shares are undervalued.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on SFM shares. Jefferies Financial Group raised 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. JPMorgan Chase & Co. assumed coverage on Sprouts Farmers Market in a research note on Wednesday, August 20th. They issued 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 company an "outperform" rating in a research note on Monday. Weiss Ratings reissued a "buy (b-)" rating on shares of Sprouts Farmers Market in a research note on Tuesday. Finally, Wells Fargo & Company raised Sprouts Farmers Market from an "equal weight" rating to an "overweight" rating and raised their price target for the stock from $175.00 to $180.00 in a research report on Tuesday, August 5th. Ten research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, Sprouts Farmers Market presently has an average rating of "Moderate Buy" and a consensus target price of $176.29.

Insider Buying and Selling at Sprouts Farmers Market

In related news, Director Joe Fortunato sold 10,000 shares of the stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $147.57, for a total transaction of $1,475,700.00. Following the completion of the transaction, the director directly owned 18,164 shares in the company, valued at approximately $2,680,461.48. This trade represents a 35.51% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Dustin Hamilton sold 7,200 shares of the stock in a transaction dated Thursday, September 11th. The stock was sold at an average price of $138.95, for a total value of $1,000,440.00. Following the transaction, the insider owned 16,349 shares of the company's stock, valued at approximately $2,271,693.55. The trade was a 30.57% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 38,429 shares of company stock valued at $5,351,362 in the last 90 days. 1.10% of the stock is currently owned by corporate insiders.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.