Voya Investment Management LLC Purchases 18,123 Shares of Sprouts Farmers Market, Inc. $SFM

Key Points

• Voya Investment Management LLC increased its stake in Sprouts Farmers Market by 49.4%, owning approximately 54,798 shares worth $8.36 million after acquiring an additional 18,123 shares in the first quarter.
• Sprouts Farmers Market's stock opened at $123.36 and has a market cap of $12.06 billion, with a 52-week trading range between $101.80 and $182.00.
• The company reported a quarterly EPS of $1.35, exceeding analysts' estimates, and is projecting an EPS of 5.200-5.320 for FY 2025 with a significant revenue increase of 17.3% year-over-year.

Voya Investment Management LLC raised its position in Sprouts Farmers Market, Inc. (NASDAQ:SFM - Free Report) by 49.4% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 54,798 shares of the company's stock after buying an additional 18,123 shares during the period. Voya Investment Management LLC owned approximately 0.06% of Sprouts Farmers Market worth $8,364,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Whipplewood Advisors LLC raised its stake in shares of Sprouts Farmers Market by 92.0% in the 1st quarter. Whipplewood Advisors LLC now owns 192 shares of the company's stock valued at $29,000 after purchasing an additional 92 shares in the last quarter. Dogwood Wealth Management LLC acquired a new stake in shares of Sprouts Farmers Market in the 1st quarter valued at about $30,000. Truvestments Capital LLC acquired a new stake in shares of Sprouts Farmers Market in the 1st quarter valued at about $35,000. SVB Wealth LLC acquired a new stake in shares of Sprouts Farmers Market in the 1st quarter valued at about $36,000. Finally, Brooklyn Investment Group raised its stake in shares of Sprouts Farmers Market by 12,100.0% in the 1st quarter. Brooklyn Investment Group now owns 244 shares of the company's stock valued at $37,000 after purchasing an additional 242 shares in the last quarter.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Evercore ISI cut 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 research note on Tuesday, August 12th. Wall Street Zen upgraded shares of Sprouts Farmers Market from a "hold" rating to a "buy" rating in a research note on Sunday. Jefferies Financial Group upgraded shares of Sprouts Farmers Market from a "hold" rating to a "buy" rating and set a $190.00 price objective on the stock in a research note on Friday, August 1st. Wells Fargo & Company upgraded shares of 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 note on Tuesday, August 5th. Finally, Barclays upgraded shares of 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 note on Thursday, July 31st. Eight equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat, Sprouts Farmers Market has a consensus rating of "Moderate Buy" and an average price target of $173.73.

Sprouts Farmers Market Trading Down 1.9%

SFM traded down $2.34 on Friday, hitting $120.41. 3,766,234 shares of the company's stock were exchanged, compared to its average volume of 1,872,309. The stock has a fifty day moving average of $147.43 and a two-hundred day moving average of $154.84. Sprouts Farmers Market, Inc. has a twelve month low of $104.45 and a twelve month high of $182.00. The firm has a market cap of $11.77 billion, a PE ratio of 24.78, a P/E/G ratio of 1.36 and a beta of 0.87.

Sprouts Farmers Market (NASDAQ:SFM - Get Free Report) last announced its quarterly earnings results 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 net margin of 5.77% and a return on equity of 36.53%. The company had revenue of $2.22 billion for the quarter, compared to analyst estimates of $2.16 billion. During the same quarter last year, the business earned $0.94 earnings per share. Sprouts Farmers Market'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. On average, 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 initiated a share repurchase plan on Tuesday, August 19th that authorizes the company to buyback $0.00 in shares. This buyback authorization authorizes the company to buy shares of its stock through open market purchases. Shares buyback plans are generally a sign that the company's leadership believes its stock is undervalued.

Insider Buying and Selling at Sprouts Farmers Market

In related news, Director Joe Fortunato sold 10,000 shares of the firm's stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $147.57, for a total transaction of $1,475,700.00. Following the completion of the sale, the director directly owned 18,164 shares in the company, valued at approximately $2,680,461.48. This trade represents a 35.51% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Dustin Hamilton sold 7,200 shares of the firm'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 transaction of $1,000,440.00. Following the sale, the insider owned 16,349 shares of the company's stock, valued at $2,271,693.55. The trade was a 30.57% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 39,561 shares of company stock valued at $5,828,401. 1.10% of the stock is currently owned by company insiders.

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.