AQR Capital Management LLC grew its stake in Sprouts Farmers Market, Inc. (NASDAQ:SFM - Free Report) by 1.2% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 256,862 shares of the company's stock after purchasing an additional 2,947 shares during the period. AQR Capital Management LLC owned about 0.26% of Sprouts Farmers Market worth $38,036,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds also recently made changes to their positions in the stock. Dimensional Fund Advisors LP boosted its stake 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 in the last quarter. Assenagon Asset Management S.A. boosted its stake 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 in the last quarter. Wellington Management Group LLP boosted its stake 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 in the last quarter. Charles Schwab Investment Management Inc. boosted its stake 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 in the last quarter. Finally, Driehaus Capital Management LLC boosted its stake 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 in the last quarter.
Sprouts Farmers Market Stock Performance
Shares of NASDAQ SFM traded down $1.03 during midday trading on Friday, reaching $136.69. The stock had a trading volume of 481,357 shares, compared to its average volume of 1,720,648. The firm has a market cap of $13.36 billion, a price-to-earnings ratio of 28.12, a price-to-earnings-growth ratio of 1.51 and a beta of 0.86. Sprouts Farmers Market, Inc. has a twelve month low of $101.72 and a twelve month high of $182.00. The company's 50 day moving average price is $151.57 and its 200 day moving average price is $155.50.
Sprouts Farmers Market (NASDAQ:SFM - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The company reported $1.35 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.23 by $0.12. The firm had revenue of $2.22 billion for the quarter, compared to the consensus estimate of $2.16 billion. Sprouts Farmers Market had a net margin of 5.77% and a return on equity of 36.53%. The company's revenue for the quarter was up 17.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.94 EPS. Sprouts Farmers Market has set its FY 2025 guidance at 5.200-5.320 EPS. Q3 2025 guidance at 1.120-1.160 EPS. Equities analysts forecast that Sprouts Farmers Market, Inc. will post 4.29 earnings per share for the current fiscal year.
Sprouts Farmers Market declared that its board has initiated a share buyback plan on Tuesday, August 19th that authorizes the company to buyback $0.00 in outstanding shares. This buyback authorization authorizes the company to buy shares of its stock through open market purchases. Stock buyback plans are often a sign that the company's leadership believes its shares are undervalued.
Insider Transactions at Sprouts Farmers Market
In other news, Director Joe Fortunato sold 10,000 shares of the business'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 value of $1,475,700.00. Following the transaction, 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Timmi Zalatoris sold 2,000 shares of the business's stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $164.38, for a total transaction of $328,760.00. Following the completion of the transaction, the insider owned 13,263 shares in the company, valued at $2,180,171.94. This trade represents a 13.10% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 36,168 shares of company stock worth $5,544,685. Company insiders own 1.10% of the company's stock.
Analyst Ratings Changes
A number of equities research analysts have recently weighed in on SFM shares. Wells Fargo & Company upgraded shares of Sprouts Farmers Market from an "equal weight" rating to an "overweight" rating and raised their price target for the company from $175.00 to $180.00 in a research note on Tuesday, August 5th. JPMorgan Chase & Co. began coverage on shares of Sprouts Farmers Market in a report on Wednesday, August 20th. They set a "neutral" rating and a $159.00 target price on the stock. Evercore ISI decreased their price target on shares of Sprouts Farmers Market from $195.00 to $190.00 and set an "outperform" rating for the company in a research report on Tuesday, August 12th. Royal Bank Of Canada upped 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 research report on Thursday, July 31st. Finally, Barclays upgraded shares of Sprouts Farmers Market from an "equal weight" rating to an "overweight" rating and upped their price target for the company from $173.00 to $185.00 in a research report on Thursday, July 31st. Eight investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company's stock. According to MarketBeat.com, Sprouts Farmers Market has a consensus rating of "Moderate Buy" and an average target price of $173.73.
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About Sprouts Farmers Market
(
Free Report)
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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