Hsbc Holdings PLC Sells 101,968 Shares of Sprouts Farmers Market, Inc. $SFM

Key Points

• Hsbc Holdings PLC reduced its stake in Sprouts Farmers Market by 70.2%, now holding 43,317 shares worth $6,563,000 after selling 101,968 shares in Q1.
• Multiple hedge funds increased their positions in Sprouts Farmers Market, with TD Waterhouse Canada Inc. raising its stake by 85.5%, now owning 970 shares valued at $123,000.
• Analyst price targets for Sprouts Farmers Market have been upgraded, with Jefferies setting a target of $190.00, indicating growing investor confidence in the company.

Hsbc Holdings PLC cut its stake in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM - Free Report) by 70.2% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 43,317 shares of the company's stock after selling 101,968 shares during the period. Hsbc Holdings PLC's holdings in Sprouts Farmers Market were worth $6,563,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Whipplewood Advisors LLC boosted its position in Sprouts Farmers Market by 92.0% during the first quarter. Whipplewood Advisors LLC now owns 192 shares of the company's stock valued at $29,000 after purchasing an additional 92 shares during the last quarter. Dogwood Wealth Management LLC acquired a new position in Sprouts Farmers Market during the first quarter valued at approximately $30,000. Brooklyn Investment Group boosted its position in Sprouts Farmers Market by 12,100.0% during the first quarter. Brooklyn Investment Group now owns 244 shares of the company's stock valued at $37,000 after purchasing an additional 242 shares during the last quarter. Versant Capital Management Inc boosted its position in Sprouts Farmers Market by 111.3% during the first quarter. Versant Capital Management Inc now owns 319 shares of the company's stock valued at $49,000 after purchasing an additional 168 shares during the last quarter. Finally, Contravisory Investment Management Inc. boosted its position in Sprouts Farmers Market by 100.9% during the first quarter. Contravisory Investment Management Inc. now owns 454 shares of the company's stock valued at $69,000 after purchasing an additional 228 shares during the last quarter.

Insider Buying and Selling at Sprouts Farmers Market

In related news, insider Timmi Zalatoris sold 2,000 shares of Sprouts Farmers Market 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 sale, the insider directly owned 13,263 shares of the company's stock, valued at approximately $2,180,171.94. This trade represents a 13.10% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Terri F. Graham sold 1,278 shares of Sprouts Farmers Market stock in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of $180.00, for a total value of $230,040.00. Following the sale, the director directly owned 32,910 shares of the company's stock, valued at approximately $5,923,800. The trade was a 3.74% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 35,319 shares of company stock worth $5,531,258 in the last 90 days. Company insiders own 1.10% of the company's stock.

Sprouts Farmers Market Stock Performance

NASDAQ:SFM traded down $3.17 during mid-day trading on Thursday, hitting $141.42. 1,840,239 shares of the stock were exchanged, compared to its average volume of 1,738,635. The stock has a market capitalization of $13.82 billion, a price-to-earnings ratio of 29.10, a price-to-earnings-growth ratio of 1.63 and a beta of 0.78. The firm's 50-day simple moving average is $156.73 and its 200 day simple moving average is $157.48. Sprouts Farmers Market, Inc. has a fifty-two week low of $96.05 and a fifty-two week high of $182.00.

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, topping the consensus estimate of $1.23 by $0.12. The business had revenue of $2.22 billion during the quarter, compared to analysts' expectations of $2.16 billion. Sprouts Farmers Market had a return on equity of 36.53% and a net margin of 5.77%.The firm's revenue for the quarter was up 17.3% compared to the same quarter last year. During the same period last year, the firm 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. On average, analysts predict that Sprouts Farmers Market, Inc. will post 4.29 EPS for the current fiscal year.

Sprouts Farmers Market declared that its board has approved a share buyback program on Tuesday, August 19th that authorizes the company to buyback $0.00 in outstanding shares. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Stock buyback programs are often an indication that the company's board of directors believes its shares are undervalued.

Wall Street Analyst Weigh In

SFM has been the subject of several recent research reports. Evercore ISI reduced their price target on 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 raised their price objective on 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. JPMorgan Chase & Co. initiated coverage on Sprouts Farmers Market in a research report on Wednesday, August 20th. They issued a "neutral" rating and a $159.00 price objective for the company. Jefferies Financial Group raised Sprouts Farmers Market from a "hold" rating to a "buy" rating and set a $190.00 price objective for the company in a research report on Friday, August 1st. Finally, Barclays raised Sprouts Farmers Market from an "equal weight" rating to an "overweight" rating and raised their price objective for the company from $173.00 to $185.00 in a research report on Thursday, July 31st. Eight equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $173.73.

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.