Sprouts Farmers Market, Inc. $SFM Shares Sold by Clean Yield Group

Key Points

• Clean Yield Group reduced its stake in Sprouts Farmers Market by 6.6%, now holding 72,891 shares, which constitutes 3.6% of its portfolio.
• Several equities analysts upgraded Sprouts Farmers Market from "hold" to "buy" ratings, and the consensus price target is currently at $178.64.
• Insider selling has been notable, with CEO Jack Sinclair selling 4,045 shares valued at over $560,000 recently, representing a 2.26% decrease in his ownership.

Clean Yield Group trimmed its position in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM - Free Report) by 6.6% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 72,891 shares of the company's stock after selling 5,186 shares during the period. Sprouts Farmers Market comprises about 3.6% of Clean Yield Group's portfolio, making the stock its 4th biggest position. Clean Yield Group owned 0.07% of Sprouts Farmers Market worth $12,001,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in SFM. Whipplewood Advisors LLC increased its stake in shares of Sprouts Farmers Market by 92.0% during the first quarter. Whipplewood Advisors LLC now owns 192 shares of the company's stock worth $29,000 after buying an additional 92 shares during the period. Dogwood Wealth Management LLC purchased a new stake in shares of Sprouts Farmers Market during the first quarter worth approximately $30,000. Truvestments Capital LLC purchased a new stake in shares of Sprouts Farmers Market during the first quarter worth approximately $35,000. SVB Wealth LLC purchased a new stake in shares of Sprouts Farmers Market during the first quarter worth approximately $36,000. Finally, Brooklyn Investment Group increased its stake in shares of 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 buying an additional 242 shares during the period.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Wall Street Zen upgraded shares of Sprouts Farmers Market from a "hold" rating to a "buy" rating in a research note on Sunday, September 21st. Wells Fargo & Company raised shares of Sprouts Farmers Market from an "equal weight" rating to an "overweight" rating and raised their price objective for the stock from $175.00 to $180.00 in a report on Tuesday, August 5th. Jefferies Financial Group raised 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 report on Friday, August 1st. Evercore ISI cut their price objective on shares of Sprouts Farmers Market from $195.00 to $190.00 and set an "outperform" rating on the stock in a report on Tuesday, August 12th. Finally, JPMorgan Chase & Co. started coverage on shares of Sprouts Farmers Market in a report on Wednesday, August 20th. They set a "neutral" rating and a $159.00 price objective on the stock. Eight analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $178.64.

Insider Buying and Selling

In other Sprouts Farmers Market news, CEO Jack Sinclair sold 4,045 shares of the business's stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $138.60, for a total value of $560,637.00. Following the transaction, the chief executive officer directly owned 174,740 shares of the company's stock, valued at approximately $24,218,964. The trade was a 2.26% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Dustin Hamilton sold 7,200 shares of the business's stock in a transaction on Thursday, September 11th. The shares were sold at an average price of $138.95, for a total transaction of $1,000,440.00. Following the completion of the transaction, the insider directly owned 16,349 shares in the company, valued at $2,271,693.55. This represents a 30.57% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 39,561 shares of company stock worth $5,828,401 in the last ninety days. Insiders own 1.10% of the company's stock.

Sprouts Farmers Market Price Performance

NASDAQ:SFM opened at $109.88 on Monday. The firm has a market cap of $10.74 billion, a price-to-earnings ratio of 22.61, a price-to-earnings-growth ratio of 1.24 and a beta of 0.87. The firm's fifty day moving average price is $142.32 and its 200 day moving average price is $154.15. Sprouts Farmers Market, Inc. has a 1-year low of $107.36 and a 1-year high of $182.00.

Sprouts Farmers Market (NASDAQ:SFM - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The company reported $1.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.23 by $0.12. The company had revenue of $2.22 billion for the quarter, compared to analysts' expectations of $2.16 billion. Sprouts Farmers Market had a net margin of 5.77% and a return on equity of 36.53%. Sprouts Farmers Market's revenue was up 17.3% compared to the same quarter last year. During the same period in the previous year, the company posted $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. 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 announced that its Board of Directors has approved a stock repurchase program on Tuesday, August 19th that authorizes the company to buyback $0.00 in outstanding shares. This buyback authorization authorizes the company to purchase shares of its stock through open market purchases. Stock buyback programs are generally a sign that the company's board believes its shares are 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.

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