Sprouts Farmers Market, Inc. $SFM is Vista Investment Partners LLC's 5th Largest Position

Key Points

• Vista Investment Partners LLC reduced its stake in Sprouts Farmers Market by 20.9%, now owning 52,022 shares valued at approximately $8.57 million, making it the company's 5th largest position.
• Several hedge funds dramatically increased their holdings in Sprouts Farmers Market, with Assenagon Asset Management raising its stake by 1,033.4% during the first quarter.
• Sprouts Farmers Market reported earnings per share of $1.35 in its latest quarterly results, surpassing the consensus estimate by $0.12, with revenue growth of 17.3% year-over-year.

Vista Investment Partners LLC lessened its holdings in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM - Free Report) by 20.9% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 52,022 shares of the company's stock after selling 13,713 shares during the quarter. Sprouts Farmers Market makes up 2.5% of Vista Investment Partners LLC's portfolio, making the stock its 5th biggest position. Vista Investment Partners LLC owned 0.05% of Sprouts Farmers Market worth $8,565,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Baader Bank Aktiengesellschaft boosted its position in Sprouts Farmers Market by 106.3% in the second quarter. Baader Bank Aktiengesellschaft now owns 16,178 shares of the company's stock worth $2,660,000 after purchasing an additional 8,336 shares during the last quarter. Financiere des Professionnels Fonds d investissement inc. bought a new position in shares of Sprouts Farmers Market during the 2nd quarter valued at approximately $155,000. Balefire LLC purchased a new position in Sprouts Farmers Market during the 2nd quarter valued at $392,000. MassMutual Private Wealth & Trust FSB lifted its holdings in shares of Sprouts Farmers Market by 19.9% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 668 shares of the company's stock worth $110,000 after buying an additional 111 shares during the period. Finally, MRA Advisory Group lifted its holdings in shares of Sprouts Farmers Market by 14.7% in the 2nd quarter. MRA Advisory Group now owns 4,167 shares of the company's stock worth $686,000 after buying an additional 533 shares during the period.

Insider Activity at Sprouts Farmers Market

In other Sprouts Farmers Market news, CTO James H. Bahrenburg sold 4,292 shares of the firm's stock in a transaction on Friday, September 12th. The stock was sold at an average price of $137.06, for a total transaction of $588,261.52. Following the completion of the sale, the chief technology officer owned 9,167 shares of the company's stock, valued at $1,256,429.02. This trade represents a 31.89% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jack Sinclair sold 4,045 shares of the firm's stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $138.60, for a total value of $560,637.00. Following the sale, the chief executive officer directly owned 174,740 shares of the company's stock, valued at approximately $24,218,964. This trade represents a 2.26% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 39,561 shares of company stock valued at $5,828,401 in the last three months. Company insiders own 1.10% of the company's stock.

Sprouts Farmers Market Price Performance

SFM stock traded down $0.76 during mid-day trading on Monday, reaching $119.65. 719,778 shares of the company's stock were exchanged, compared to its average volume of 1,754,350. The company has a market cap of $11.69 billion, a price-to-earnings ratio of 24.60, a price-to-earnings-growth ratio of 1.36 and a beta of 0.87. The stock's 50 day moving average is $147.43 and its 200 day moving average is $154.84. Sprouts Farmers Market, Inc. has a 12-month low of $106.45 and a 12-month high of $182.00.

Sprouts Farmers Market (NASDAQ:SFM - Get Free Report) last released its 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 business had revenue of $2.22 billion for 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%.The business's quarterly revenue was up 17.3% compared to the same quarter last year. During the same quarter last year, the business 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. On average, research analysts forecast that Sprouts Farmers Market, Inc. will post 4.29 earnings per share for the current fiscal year.

Sprouts Farmers Market announced that its Board of Directors has authorized a share buyback plan 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 plans are usually a sign that the company's management believes its stock is undervalued.

Analysts Set New Price Targets

SFM has been the subject of several recent research reports. Barclays raised Sprouts Farmers Market from an "equal weight" rating to an "overweight" rating and boosted their price target for the stock from $173.00 to $185.00 in a research report on Thursday, July 31st. Evercore ISI reduced their target price on Sprouts Farmers Market from $195.00 to $190.00 and set an "outperform" rating on the stock in a research report on Tuesday, August 12th. Wall Street Zen raised Sprouts Farmers Market from a "hold" rating to a "buy" rating in a research report on Sunday. JPMorgan Chase & Co. began coverage on Sprouts Farmers Market in a research report on Wednesday, August 20th. They set a "neutral" rating and a $159.00 target price on the stock. Finally, UBS Group set a $180.00 target price on Sprouts Farmers Market in a research report on Thursday, July 31st. Eight research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat, Sprouts Farmers Market presently has an average rating of "Moderate Buy" and a consensus target price of $173.73.

About Sprouts Farmers Market

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.