Sprouts Farmers Market, Inc. $SFM Shares Sold by Allianz Asset Management GmbH

Key Points

• Allianz Asset Management GmbH reduced its holdings in Sprouts Farmers Market by 10.5%, selling 55,475 shares, resulting in ownership of approximately 0.48% of the company.
• Sprouts Farmers Market reported its Q2 earnings with an EPS of $1.35, exceeding analysts' estimates of $1.23, and a revenue of $2.22 billion, up 17.3% year-over-year.
• The company announced a share buyback program as part of its efforts to indicate that its stock is potentially undervalued.

Allianz Asset Management GmbH decreased its holdings in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM - Free Report) by 10.5% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 471,464 shares of the company's stock after selling 55,475 shares during the period. Allianz Asset Management GmbH owned approximately 0.48% of Sprouts Farmers Market worth $77,622,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Dogwood Wealth Management LLC acquired a new stake in shares of Sprouts Farmers Market in the 1st quarter worth approximately $30,000. Truvestments Capital LLC acquired a new stake in shares of Sprouts Farmers Market in the 1st quarter worth approximately $35,000. SVB Wealth LLC acquired a new stake in shares of Sprouts Farmers Market in the 1st quarter worth approximately $36,000. Brooklyn Investment Group grew its holdings 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 worth $37,000 after acquiring an additional 242 shares during the period. Finally, Global Trust Asset Management LLC grew its holdings in shares of Sprouts Farmers Market by 520.8% in the 2nd quarter. Global Trust Asset Management LLC now owns 298 shares of the company's stock worth $49,000 after acquiring an additional 250 shares during the period.

Sprouts Farmers Market Stock Down 2.3%

SFM stock opened at $111.55 on Friday. The company has a market cap of $10.90 billion, a price-to-earnings ratio of 22.95, a PEG ratio of 1.29 and a beta of 0.77. The business has a fifty day simple moving average of $128.14 and a 200-day simple moving average of $150.39. Sprouts Farmers Market, Inc. has a 52 week low of $98.75 and a 52 week high of $182.00.

Sprouts Farmers Market (NASDAQ:SFM - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The company reported $1.35 EPS for the quarter, topping 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 business 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 firm posted $0.94 EPS. The business's revenue for the quarter 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, analysts expect that Sprouts Farmers Market, Inc. will post 4.29 earnings per share for the current fiscal year.

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

Insider Activity at Sprouts Farmers Market

In other news, CTO James H. Bahrenburg sold 4,292 shares of the firm's stock in a transaction dated Friday, September 12th. The stock was sold at an average price of $137.06, for a total transaction of $588,261.52. Following the completion of the sale, the chief technology officer directly owned 9,167 shares in the company, valued at $1,256,429.02. This trade represents a 31.89% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Kim Coffin sold 651 shares of the stock in a transaction dated Thursday, August 28th. The stock was sold at an average price of $141.58, for a total transaction of $92,168.58. Following the transaction, the senior vice president directly owned 11,235 shares in the company, valued at $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 ninety days, insiders sold 38,429 shares of company stock valued at $5,351,362. 1.10% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

SFM has been the topic of a number of recent research reports. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Sprouts Farmers Market in a research note on Tuesday. Wall Street Zen raised Sprouts Farmers Market from a "hold" rating to a "buy" rating in a research note on Sunday, September 21st. Royal Bank Of Canada set a $148.00 target price on Sprouts Farmers Market and gave the company an "outperform" rating in a research note on Monday. Evercore ISI reduced their target price on Sprouts Farmers Market from $190.00 to $185.00 and set an "outperform" rating on the stock in a research note on Tuesday. Finally, JPMorgan Chase & Co. initiated coverage on Sprouts Farmers Market in a research note on Wednesday, August 20th. They issued a "neutral" rating and a $159.00 target price on the stock. Ten research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $176.29.

About Sprouts Farmers Market

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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