Raymond James Financial Inc. Decreases Stock Position in Sprouts Farmers Market, Inc. $SFM

Key Points

• Raymond James Financial Inc. reduced its stake in Sprouts Farmers Market by 32.4%, selling 50,763 shares during the first quarter, leaving them with approximately 106,049 shares worth about $16.2 million.
• Several analysts upgraded their ratings for Sprouts Farmers Market, with Wells Fargo raising their price target to $180.00 and Barclays to $185.00, reflecting positive outlooks in a market with eight buy ratings and seven holds.
• Insiders, including CEO Jack Sinclair, recently sold shares, with total insider sales amounting to 35,319 shares worth approximately $5.53 million over the last three months.

Raymond James Financial Inc. lowered its position in Sprouts Farmers Market, Inc. (NASDAQ:SFM - Free Report) by 32.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 106,049 shares of the company's stock after selling 50,763 shares during the quarter. Raymond James Financial Inc. owned approximately 0.11% of Sprouts Farmers Market worth $16,187,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Integrated Wealth Concepts LLC lifted its holdings in shares of Sprouts Farmers Market by 2.2% during the fourth quarter. Integrated Wealth Concepts LLC now owns 5,226 shares of the company's stock worth $664,000 after purchasing an additional 112 shares during the period. Voya Investment Management LLC lifted its holdings in shares of Sprouts Farmers Market by 12.3% during the fourth quarter. Voya Investment Management LLC now owns 36,675 shares of the company's stock worth $4,660,000 after purchasing an additional 4,029 shares during the period. Susquehanna Fundamental Investments LLC acquired a new stake in shares of Sprouts Farmers Market during the fourth quarter worth $369,000. Northern Trust Corp raised its position in Sprouts Farmers Market by 13.5% in the fourth quarter. Northern Trust Corp now owns 1,355,147 shares of the company's stock worth $172,199,000 after acquiring an additional 160,882 shares in the last quarter. Finally, AQR Capital Management LLC raised its position in Sprouts Farmers Market by 145.8% in the fourth quarter. AQR Capital Management LLC now owns 253,915 shares of the company's stock worth $32,265,000 after acquiring an additional 150,594 shares in the last quarter.

Analysts Set New Price Targets

Several research analysts have issued reports on SFM shares. Evercore ISI cut their price objective on Sprouts Farmers Market from $195.00 to $190.00 and set an "outperform" rating for the company in a research report on Tuesday, August 12th. Jefferies Financial Group upgraded Sprouts Farmers Market from a "hold" rating to a "buy" rating and set a $190.00 price objective for the company in a research report on Friday, August 1st. Wells Fargo & Company upgraded Sprouts Farmers Market from an "equal weight" rating to an "overweight" rating and increased their price objective for the stock from $175.00 to $180.00 in a research report on Tuesday, August 5th. Barclays upgraded Sprouts Farmers Market from an "equal weight" rating to an "overweight" rating and increased their price objective for the stock from $173.00 to $185.00 in a research report on Thursday, July 31st. Finally, Royal Bank Of Canada raised their price target on Sprouts Farmers Market from $173.00 to $176.00 and gave the company a "sector perform" rating in a research report on Thursday, July 31st. Eight equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $173.73.

Insider Activity at Sprouts Farmers Market

In other news, insider Timmi Zalatoris sold 2,000 shares of the business's stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $164.38, for a total transaction of $328,760.00. Following the completion of the sale, the insider owned 13,263 shares in the company, valued at approximately $2,180,171.94. The trade was a 13.10% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Joe Fortunato sold 10,000 shares of the business's stock in a transaction dated 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 sale, the director owned 18,164 shares of the company's stock, valued at $2,680,461.48. The trade was a 35.51% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 38,737 shares of company stock worth $5,954,023. Corporate insiders own 1.10% of the company's stock.

Sprouts Farmers Market Trading Down 0.2%

Shares of NASDAQ SFM traded down $0.30 on Wednesday, reaching $138.34. 1,535,012 shares of the company traded hands, compared to its average volume of 1,471,270. Sprouts Farmers Market, Inc. has a fifty-two week low of $96.05 and a fifty-two week high of $182.00. The company has a 50 day moving average of $154.48 and a 200 day moving average of $156.57. The stock has a market capitalization of $13.52 billion, a PE ratio of 28.47, a P/E/G ratio of 1.59 and a beta of 0.86.

Sprouts Farmers Market (NASDAQ:SFM - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The company reported $1.35 EPS for the quarter, beating analysts' consensus estimates of $1.23 by $0.12. Sprouts Farmers Market had a net margin of 5.77% and a return on equity of 36.53%. The company had revenue of $2.22 billion during the quarter, compared to the consensus estimate of $2.16 billion. During the same quarter in the prior year, the company posted $0.94 EPS. The company's quarterly revenue 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. As a group, research analysts expect that Sprouts Farmers Market, Inc. will post 4.29 earnings per share for the current year.

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