Sprouts Farmers Market, Inc. $SFM Shares Acquired by Credit Agricole S A

Key Points

• Credit Agricole S A significantly increased its stake in Sprouts Farmers Market, acquiring an additional 26,277 shares and boosting its position by 72.7% during the first quarter.
• Several other institutional investors also raised their stakes, with Wellington Management Group LLP increasing theirs by 300.3% during the same period.
• The company's stock has been rated as a "Moderate Buy" by analysts, with a consensus price target of $173.73, following recent upgrades from multiple financial institutions.

Credit Agricole S A boosted its position in Sprouts Farmers Market, Inc. (NASDAQ:SFM - Free Report) by 72.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 62,446 shares of the company's stock after acquiring an additional 26,277 shares during the quarter. Credit Agricole S A owned 0.06% of Sprouts Farmers Market worth $9,532,000 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. BI Asset Management Fondsmaeglerselskab A S lifted its stake in shares of Sprouts Farmers Market by 57.2% in the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 81,829 shares of the company's stock valued at $12,490,000 after purchasing an additional 29,782 shares in the last quarter. Fuller & Thaler Asset Management Inc. raised its holdings in Sprouts Farmers Market by 19.7% in the first quarter. Fuller & Thaler Asset Management Inc. now owns 552,293 shares of the company's stock valued at $84,302,000 after buying an additional 90,871 shares during the period. Pinnacle Wealth Management LLC acquired a new position in Sprouts Farmers Market during the first quarter valued at approximately $753,000. Quantbot Technologies LP lifted its position in Sprouts Farmers Market by 136.6% during the first quarter. Quantbot Technologies LP now owns 72,743 shares of the company's stock valued at $11,103,000 after buying an additional 42,003 shares in the last quarter. Finally, Wellington Management Group LLP grew its stake in Sprouts Farmers Market by 300.3% during the first quarter. Wellington Management Group LLP now owns 1,037,187 shares of the company's stock worth $158,316,000 after buying an additional 778,079 shares during the period.

Insider Buying and Selling at Sprouts Farmers Market

In related news, Director Joe Fortunato sold 10,000 shares of Sprouts Farmers Market stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $147.57, for a total value of $1,475,700.00. Following the completion of the sale, the director owned 18,164 shares in the company, valued at approximately $2,680,461.48. The trade was a 35.51% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Joseph D. O'leary sold 2,937 shares of the stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $150.07, for a total transaction of $440,755.59. Following the transaction, the director owned 14,994 shares in the company, valued at $2,250,149.58. This trade represents a 16.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 55,589 shares of company stock valued at $8,926,483. Corporate insiders own 1.10% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on SFM shares. Jefferies Financial Group raised shares of Sprouts Farmers Market from a "hold" rating to a "buy" rating and set a $190.00 target price on the stock in a research note on Friday, August 1st. Barclays raised Sprouts Farmers Market from an "equal weight" rating to an "overweight" rating and raised their price objective for the company from $173.00 to $185.00 in a research report on Thursday, July 31st. UBS Group set a $180.00 price objective on Sprouts Farmers Market in a research note on Thursday, July 31st. Royal Bank Of Canada increased their target price on Sprouts Farmers Market from $173.00 to $176.00 and gave the company a "sector perform" rating in a research note on Thursday, July 31st. Finally, Evercore ISI reduced their price target 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. Eight investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $173.73.

Sprouts Farmers Market Stock Performance

Shares of NASDAQ SFM opened at $148.41 on Friday. Sprouts Farmers Market, Inc. has a 1 year low of $95.25 and a 1 year high of $182.00. The stock's 50-day simple moving average is $158.36 and its 200-day simple moving average is $158.31. The firm has a market cap of $14.50 billion, a price-to-earnings ratio of 30.54, a PEG ratio of 1.71 and a beta of 0.78.

Sprouts Farmers Market (NASDAQ:SFM - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The company reported $1.35 earnings per share 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 firm had revenue of $2.22 billion during the quarter, compared to analyst estimates of $2.16 billion. During the same quarter last year, the firm earned $0.94 EPS. Sprouts Farmers Market's quarterly revenue was up 17.3% on a year-over-year basis. 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 predict that Sprouts Farmers Market, Inc. will post 4.29 EPS for the current year.

Sprouts Farmers Market announced that its Board of Directors has authorized a stock buyback plan on Tuesday, August 19th that permits the company to repurchase $0.00 in shares. This repurchase authorization permits the company to repurchase shares of its stock through open market purchases. Shares repurchase plans are usually 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.

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