KADENSA CAPITAL Ltd Reduces Stock Position in Sprouts Farmers Market, Inc. $SFM

Key Points

• KADENSA CAPITAL Ltd reduced its stake in Sprouts Farmers Market by 4.0%, holding 91,111 shares valued at approximately $13.9 million, which constitutes about 1.7% of its investment portfolio.
• Sprouts Farmers Market reported earnings per share of $1.35 for the last quarter, exceeding analyst expectations, and had a year-over-year revenue increase of 17.3%.
• Several institutional investors, including Crossmark Global Holdings and Whipplewood Advisors, have increased their stakes in Sprouts Farmers Market during the first quarter.

KADENSA CAPITAL Ltd trimmed its holdings in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM - Free Report) by 4.0% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 91,111 shares of the company's stock after selling 3,828 shares during the period. Sprouts Farmers Market comprises 1.7% of KADENSA CAPITAL Ltd's holdings, making the stock its 27th largest position. KADENSA CAPITAL Ltd owned approximately 0.09% of Sprouts Farmers Market worth $13,907,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Dimensional Fund Advisors LP raised its holdings in shares of Sprouts Farmers Market by 0.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,217,900 shares of the company's stock valued at $338,481,000 after purchasing an additional 15,930 shares during the period. Assenagon Asset Management S.A. raised its holdings in shares of Sprouts Farmers Market by 1,033.4% in the 1st quarter. Assenagon Asset Management S.A. now owns 1,476,351 shares of the company's stock valued at $225,350,000 after purchasing an additional 1,346,097 shares during the period. Wellington Management Group LLP raised 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 valued at $158,316,000 after purchasing an additional 778,079 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in shares of Sprouts Farmers Market by 1.0% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 997,152 shares of the company's stock valued at $152,205,000 after purchasing an additional 10,059 shares during the period. Finally, Driehaus Capital Management LLC raised its holdings in shares of Sprouts Farmers Market by 3.0% in the 1st quarter. Driehaus Capital Management LLC now owns 971,380 shares of the company's stock valued at $148,271,000 after purchasing an additional 28,595 shares during the period.

Sprouts Farmers Market Trading Down 1.6%

Shares of NASDAQ:SFM traded down $2.14 on Wednesday, reaching $133.88. 638,808 shares of the company's stock were exchanged, compared to its average volume of 1,715,216. The company has a fifty day moving average of $152.58 and a 200-day moving average of $155.69. Sprouts Farmers Market, Inc. has a twelve month low of $98.56 and a twelve month high of $182.00. The company has a market capitalization of $13.08 billion, a price-to-earnings ratio of 27.59, a PEG ratio of 1.57 and a beta of 0.86.

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. Sprouts Farmers Market had a net margin of 5.77% and a return on equity of 36.53%. The business had revenue of $2.22 billion for the quarter, compared to analysts' expectations of $2.16 billion. During the same period last year, the firm posted $0.94 earnings per share. The firm'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, equities research analysts forecast that Sprouts Farmers Market, Inc. will post 4.29 EPS for the current fiscal year.

Sprouts Farmers Market announced that its Board of Directors has initiated a share buyback program on Tuesday, August 19th that permits the company to repurchase $0.00 in shares. This repurchase authorization permits the company to purchase shares of its stock through open market purchases. Shares repurchase programs are often a sign that the company's board believes its stock is undervalued.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on SFM. Evercore ISI dropped their target price on shares of Sprouts Farmers Market from $195.00 to $190.00 and set an "outperform" rating on the stock in a report on Tuesday, August 12th. UBS Group set a $180.00 target price on shares of Sprouts Farmers Market in a report on Thursday, July 31st. JPMorgan Chase & Co. initiated coverage on shares of Sprouts Farmers Market in a report on Wednesday, August 20th. They issued a "neutral" rating and a $159.00 target price on the stock. Royal Bank Of Canada increased their price target on shares of 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, Wells Fargo & Company raised shares of 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 report on Tuesday, August 5th. Eight equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Sprouts Farmers Market has an average rating of "Moderate Buy" and an average price target of $173.73.

Insider Activity at Sprouts Farmers Market

In other Sprouts Farmers Market news, Director Joseph D. O'leary sold 2,937 shares of Sprouts Farmers Market stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $150.07, for a total value of $440,755.59. Following the completion of the sale, the director directly owned 14,994 shares of the company's stock, valued at approximately $2,250,149.58. The trade was a 16.38% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Kim Coffin sold 651 shares of Sprouts Farmers Market stock in a transaction 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 directly owned 11,235 shares of the company's stock, valued at approximately $1,590,651.30. This trade represents a 5.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 39,083 shares of company stock valued at $6,002,515 in the last quarter. Insiders own 1.10% of the company's stock.

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.