Livforsakringsbolaget Skandia Omsesidigt Raises Holdings in Sprouts Farmers Market, Inc. $SFM

Key Points

• Livforsakringsbolaget Skandia Omsesidigt increased its stake in Sprouts Farmers Market by 113.5%, acquiring an additional 4,200 shares during the second quarter, bringing its total ownership to 7,900 shares valued at approximately $1.3 million.
• Wall Street analysts have varied ratings on Sprouts Farmers Market, with eight analysts rating it as a Buy and seven as a Hold, alongside an average target price of $173.73.
• Recent insider sales included 7,200 shares sold by Dustin Hamilton and 10,000 shares sold by Joe Fortunato, indicating a decrease in their holdings by 30.57% and 35.51% respectively.

Livforsakringsbolaget Skandia Omsesidigt boosted its holdings in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM - Free Report) by 113.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,900 shares of the company's stock after purchasing an additional 4,200 shares during the quarter. Livforsakringsbolaget Skandia Omsesidigt's holdings in Sprouts Farmers Market were worth $1,300,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Whipplewood Advisors LLC increased its holdings in shares of Sprouts Farmers Market by 92.0% in the first quarter. Whipplewood Advisors LLC now owns 192 shares of the company's stock valued at $29,000 after purchasing an additional 92 shares during the last quarter. Dogwood Wealth Management LLC acquired a new stake in Sprouts Farmers Market during the first quarter worth $30,000. Truvestments Capital LLC acquired a new stake in Sprouts Farmers Market during the first quarter worth $35,000. SVB Wealth LLC acquired a new stake in Sprouts Farmers Market during the first quarter worth $36,000. Finally, Brooklyn Investment Group increased its stake in Sprouts Farmers Market by 12,100.0% during the first quarter. Brooklyn Investment Group now owns 244 shares of the company's stock worth $37,000 after acquiring an additional 242 shares during the last quarter.

Insiders Place Their Bets

In related news, insider Dustin Hamilton sold 7,200 shares of the company's stock in a transaction that occurred on Thursday, September 11th. The stock was sold at an average price of $138.95, for a total value of $1,000,440.00. Following the sale, the insider owned 16,349 shares of the company's stock, valued at approximately $2,271,693.55. This represents a 30.57% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Kim Coffin sold 651 shares of the company's stock in a transaction that occurred on Thursday, August 28th. The shares were sold at an average price of $141.58, for a total value of $92,168.58. Following the completion of the sale, the senior vice president directly owned 11,235 shares in the company, valued at approximately $1,590,651.30. The trade was a 5.48% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 39,561 shares of company stock worth $5,828,401. 1.10% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on SFM shares. Wall Street Zen raised Sprouts Farmers Market from a "hold" rating to a "buy" rating in a research note on Sunday. UBS Group set a $180.00 price target on Sprouts Farmers Market in a research report on Thursday, July 31st. Jefferies Financial Group upgraded Sprouts Farmers Market from a "hold" rating to a "buy" rating and set a $190.00 price target for the company in a research report on Friday, August 1st. Royal Bank Of Canada raised their price target on Sprouts Farmers Market from $173.00 to $176.00 and gave the stock a "sector perform" rating in a research report on Thursday, July 31st. Finally, Wells Fargo & Company upgraded Sprouts Farmers Market from an "equal weight" rating to an "overweight" rating and raised their price target for the stock from $175.00 to $180.00 in a research report on Tuesday, August 5th. Eight investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, Sprouts Farmers Market currently has a consensus rating of "Moderate Buy" and an average target price of $178.64.

Sprouts Farmers Market Trading Down 0.4%

Shares of Sprouts Farmers Market stock traded down $0.49 on Tuesday, hitting $119.10. The stock had a trading volume of 459,565 shares, compared to its average volume of 1,753,752. The company's 50 day moving average price is $146.53 and its 200 day moving average price is $154.72. The stock has a market cap of $11.64 billion, a price-to-earnings ratio of 24.42, a P/E/G ratio of 1.36 and a beta of 0.87. Sprouts Farmers Market, Inc. has a 52-week low of $107.36 and a 52-week high of $182.00.

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 the consensus estimate 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 the consensus estimate of $2.16 billion. During the same period in the prior year, the business earned $0.94 EPS. The firm's 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. Analysts predict that Sprouts Farmers Market, Inc. will post 4.29 EPS for the current fiscal year.

Sprouts Farmers Market declared that its Board of Directors has authorized a share repurchase program on Tuesday, August 19th that allows the company to buyback $0.00 in outstanding shares. This buyback authorization allows the company to buy shares of its stock through open market purchases. Shares buyback programs are often an indication that the company's leadership believes its stock is 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.