Fuller & Thaler Asset Management Inc. Acquires 90,871 Shares of Sprouts Farmers Market, Inc. $SFM

Key Points

• Fuller & Thaler Asset Management Inc. increased its stake in Sprouts Farmers Market by 19.7%, now holding 552,293 shares valued at approximately $84.3 million.
• Sprouts Farmers Market reported a quarterly earnings per share of $1.35, surpassing analysts' expectations of $1.23, with revenue reaching $2.22 billion.
• Several analysts have upgraded Sprouts Farmers Market's rating from "hold" to "buy," with target prices ranging from $176.00 to $190.00.

Fuller & Thaler Asset Management Inc. increased its position in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM - Free Report) by 19.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 552,293 shares of the company's stock after acquiring an additional 90,871 shares during the quarter. Fuller & Thaler Asset Management Inc. owned about 0.56% of Sprouts Farmers Market worth $84,302,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Crossmark Global Holdings Inc. increased its holdings in Sprouts Farmers Market by 1.2% during the first quarter. Crossmark Global Holdings Inc. now owns 7,201 shares of the company's stock worth $1,099,000 after buying an additional 84 shares during the last quarter. Whipplewood Advisors LLC grew its position 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 acquiring an additional 92 shares during the period. Avantax Advisory Services Inc. grew its position in shares of Sprouts Farmers Market by 2.1% in the 1st quarter. Avantax Advisory Services Inc. now owns 4,899 shares of the company's stock valued at $748,000 after acquiring an additional 99 shares during the period. JT Stratford LLC increased its stake in shares of Sprouts Farmers Market by 0.9% during the 4th quarter. JT Stratford LLC now owns 11,091 shares of the company's stock worth $1,409,000 after purchasing an additional 100 shares during the last quarter. Finally, Linden Thomas Advisory Services LLC raised its holdings in shares of Sprouts Farmers Market by 3.0% in the 1st quarter. Linden Thomas Advisory Services LLC now owns 3,492 shares of the company's stock valued at $533,000 after purchasing an additional 102 shares during the period.

Insider Activity at Sprouts Farmers Market

In other Sprouts Farmers Market news, Director Terri F. Graham sold 1,278 shares of the stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $180.00, for a total transaction of $230,040.00. Following the sale, the director directly owned 32,910 shares in the company, valued at $5,923,800. This represents a 3.74% 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, 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 transaction of $1,475,700.00. Following the completion of the transaction, the director owned 18,164 shares of the company's stock, valued at $2,680,461.48. The trade was a 35.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 55,589 shares of company stock worth $8,926,483 in the last quarter. 1.10% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms recently commented on SFM. UBS Group set a $180.00 price target on Sprouts Farmers Market in a report on Thursday, July 31st. Barclays upgraded Sprouts Farmers Market from an "equal weight" rating to an "overweight" rating and lifted their target price for the stock from $173.00 to $185.00 in a research note on Thursday, July 31st. Wall Street Zen raised Sprouts Farmers Market from a "hold" rating to a "buy" rating in a report on Wednesday, April 23rd. Evercore ISI cut their price target on Sprouts Farmers Market from $195.00 to $190.00 and set an "outperform" rating for the company in a report on Tuesday, August 12th. Finally, Royal Bank Of Canada lifted their price objective on shares of 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. Eight research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $173.73.

Sprouts Farmers Market Trading Down 1.8%

NASDAQ SFM traded down $2.65 during trading on Thursday, reaching $148.41. The company's stock had a trading volume of 1,341,484 shares, compared to its average volume of 1,722,065. The firm has a 50 day moving average price of $158.36 and a 200 day moving average price of $158.31. Sprouts Farmers Market, Inc. has a 12 month low of $95.25 and a 12 month high of $182.00. The firm has a market capitalization of $14.50 billion, a price-to-earnings ratio of 30.54, a price-to-earnings-growth ratio of 1.71 and a beta of 0.78.

Sprouts Farmers Market (NASDAQ:SFM - Get Free Report) last released its quarterly earnings results 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. The company had revenue of $2.22 billion during 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 firm's quarterly revenue was up 17.3% on a year-over-year basis. During the same period in the previous year, the business earned $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, equities analysts forecast 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 initiated a share repurchase plan on Tuesday, August 19th that permits the company to repurchase $0.00 in outstanding shares. This repurchase authorization permits the company to repurchase shares of its stock through open market purchases. Shares repurchase plans are typically a sign that the company's board of directors believes its stock is undervalued.

Sprouts Farmers Market Company 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.