Northwestern Mutual Wealth Management Co. Has $501,000 Stock Position in Sprouts Farmers Market, Inc. $SFM

Northwestern Mutual Wealth Management Co. grew its position in Sprouts Farmers Market, Inc. (NASDAQ:SFM - Free Report) by 429.0% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,280 shares of the company's stock after buying an additional 2,660 shares during the quarter. Northwestern Mutual Wealth Management Co.'s holdings in Sprouts Farmers Market were worth $501,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Whipplewood Advisors LLC raised its holdings in Sprouts Farmers Market by 92.0% during the first quarter. Whipplewood Advisors LLC now owns 192 shares of the company's stock worth $29,000 after buying an additional 92 shares during the last quarter. Dogwood Wealth Management LLC purchased a new stake in Sprouts Farmers Market in the first quarter valued at approximately $30,000. Brooklyn Investment Group grew its position in Sprouts Farmers Market by 12,100.0% during the first quarter. Brooklyn Investment Group now owns 244 shares of the company's stock valued at $37,000 after acquiring an additional 242 shares during the last quarter. Versant Capital Management Inc grew its holdings in shares of 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 purchasing an additional 168 shares during the last quarter. Finally, Contravisory Investment Management Inc. grew its holdings in shares of Sprouts Farmers Market by 100.9% in the first quarter. Contravisory Investment Management Inc. now owns 454 shares of the company's stock worth $69,000 after purchasing an additional 228 shares during the last quarter.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on SFM. Jefferies Financial Group raised 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. Barclays upgraded Sprouts Farmers Market from an "equal weight" rating to an "overweight" rating and boosted their price objective for the company from $173.00 to $185.00 in a research note on Thursday, July 31st. UBS Group set a $180.00 price objective on Sprouts Farmers Market in a report on Thursday, July 31st. Royal Bank Of Canada increased their price target on Sprouts Farmers Market from $173.00 to $176.00 and gave the company a "sector perform" rating in a report on Thursday, July 31st. Finally, JPMorgan Chase & Co. began 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. Eight investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat.com, Sprouts Farmers Market currently has an average rating of "Moderate Buy" and an average price target of $173.73.

Insider Transactions at Sprouts Farmers Market

In related news, SVP Kim Coffin sold 651 shares of Sprouts Farmers Market stock in a transaction that occurred on Thursday, August 28th. The stock was sold at an average price of $141.58, for a total value of $92,168.58. Following the sale, the senior vice president directly owned 11,235 shares in the company, valued at $1,590,651.30. The trade was a 5.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Joseph D. O'leary sold 2,937 shares of Sprouts Farmers Market stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $150.07, for a total value of $440,755.59. Following the transaction, the director directly owned 14,994 shares of the company's stock, valued at approximately $2,250,149.58. This represents a 16.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 38,737 shares of company stock valued at $5,954,023. 1.10% of the stock is owned by company insiders.

Sprouts Farmers Market Trading Down 0.9%

NASDAQ:SFM traded down $1.24 during trading hours on Friday, hitting $138.83. The company had a trading volume of 1,358,086 shares, compared to its average volume of 1,726,286. Sprouts Farmers Market, Inc. has a 1 year low of $97.61 and a 1 year high of $182.00. The company has a 50-day moving average of $154.08 and a 200 day moving average of $156.32. The company has a market cap of $13.57 billion, a P/E ratio of 28.57, a P/E/G ratio of 1.56 and a beta of 0.86.

Sprouts Farmers Market (NASDAQ:SFM - Get Free Report) last posted its quarterly earnings results 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. Sprouts Farmers Market had a return on equity of 36.53% and a net margin of 5.77%.The company had revenue of $2.22 billion for the quarter, compared to analyst estimates of $2.16 billion. During the same quarter last year, the company earned $0.94 EPS. Sprouts Farmers Market's revenue for the quarter was up 17.3% compared to the same quarter last year. 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, analysts forecast that Sprouts Farmers Market, Inc. will post 4.29 earnings per share for the current year.

Sprouts Farmers Market announced that its Board of Directors has approved a stock buyback program on Tuesday, August 19th that allows the company to repurchase $0.00 in shares. This repurchase authorization allows the company to buy shares of its stock through open market purchases. Shares repurchase programs are typically an indication that the company's leadership 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.