Penn Davis Mcfarland Inc. Trims Stock Holdings in Sprouts Farmers Market, Inc. $SFM

Key Points

• Penn Davis Mcfarland Inc. has reduced its stake in Sprouts Farmers Market by 1.8%, now holding 172,132 shares which represent approximately 3.2% of its portfolio.
• CEO Jack Sinclair and insider Dustin Hamilton made significant stock sales, with Sinclair selling 4,045 shares and Hamilton selling 7,200 shares, indicating a trend of insider trading.
• Sprouts Farmers Market's stock has been upgraded by multiple analysts, with Wells Fargo raising its target price from $175 to $180, reflecting a positive outlook for the company.

Penn Davis Mcfarland Inc. decreased its holdings in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM - Free Report) by 1.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 172,132 shares of the company's stock after selling 3,193 shares during the quarter. Sprouts Farmers Market comprises approximately 3.2% of Penn Davis Mcfarland Inc.'s portfolio, making the stock its 13th biggest holding. Penn Davis Mcfarland Inc. owned approximately 0.18% of Sprouts Farmers Market worth $28,340,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. Public Employees Retirement System of Ohio boosted its stake in Sprouts Farmers Market by 2,469.1% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 59,475 shares of the company's stock worth $9,792,000 after purchasing an additional 57,160 shares during the period. Ballentine Partners LLC grew its stake in Sprouts Farmers Market by 8.9% during the second quarter. Ballentine Partners LLC now owns 3,849 shares of the company's stock valued at $634,000 after acquiring an additional 315 shares in the last quarter. Norden Group LLC increased its holdings in Sprouts Farmers Market by 22.4% during the 2nd quarter. Norden Group LLC now owns 5,608 shares of the company's stock worth $923,000 after acquiring an additional 1,027 shares during the period. Unified Investment Management lifted its stake in Sprouts Farmers Market by 0.9% in the 2nd quarter. Unified Investment Management now owns 7,326 shares of the company's stock worth $1,206,000 after purchasing an additional 65 shares in the last quarter. Finally, Counterpoint Mutual Funds LLC purchased a new position in shares of Sprouts Farmers Market during the 2nd quarter valued at $306,000.

Insider Transactions at Sprouts Farmers Market

In related news, CEO Jack Sinclair sold 4,045 shares of the stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $138.60, for a total value of $560,637.00. Following the completion of the transaction, the chief executive officer directly owned 174,740 shares in the company, valued at $24,218,964. This trade represents a 2.26% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Dustin Hamilton sold 7,200 shares of the business's stock in a transaction dated Thursday, September 11th. The stock was sold at an average price of $138.95, for a total transaction of $1,000,440.00. Following the sale, the insider directly owned 16,349 shares in the company, valued at $2,271,693.55. The trade was a 30.57% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 39,561 shares of company stock worth $5,828,401. 1.10% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. Wells Fargo & Company upgraded Sprouts Farmers Market from an "equal weight" rating to an "overweight" rating and boosted their target price for the stock from $175.00 to $180.00 in a research report on Tuesday, August 5th. Evercore ISI dropped their price objective on shares of Sprouts Farmers Market from $195.00 to $190.00 and set an "outperform" rating for the company in a report on Tuesday, August 12th. Wall Street Zen raised Sprouts Farmers Market from a "hold" rating to a "buy" rating in a research note on Sunday. JPMorgan Chase & Co. started 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. Finally, Barclays upgraded Sprouts Farmers Market from an "equal weight" rating to an "overweight" rating and increased their price objective for the company from $173.00 to $185.00 in a research report on Thursday, July 31st. Eight analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, Sprouts Farmers Market has a consensus rating of "Moderate Buy" and an average target price of $178.64.

Sprouts Farmers Market Stock Performance

NASDAQ SFM opened at $115.74 on Thursday. The stock has a 50 day simple moving average of $144.60 and a two-hundred day simple moving average of $154.21. The stock has a market cap of $11.31 billion, a P/E ratio of 23.81, a price-to-earnings-growth ratio of 1.35 and a beta of 0.86. Sprouts Farmers Market, Inc. has a fifty-two week low of $107.36 and a fifty-two week high of $182.00.

Sprouts Farmers Market (NASDAQ:SFM - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The company reported $1.35 earnings per share for the quarter, beating the consensus estimate of $1.23 by $0.12. The company had revenue of $2.22 billion for 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 firm's revenue was up 17.3% on a year-over-year basis. During the same period in the previous year, the company posted $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. Sell-side 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 initiated a share buyback program on Tuesday, August 19th that permits the company to repurchase $0.00 in outstanding shares. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Stock repurchase programs are often an indication that the company's board of directors believes its stock is undervalued.

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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