Sprouts Farmers Market, Inc. $SFM Shares Sold by The Manufacturers Life Insurance Company

Key Points

• The Manufacturers Life Insurance Company has reduced its holdings in Sprouts Farmers Market by 13.6%, now owning approximately 99,966 shares valued at $15.26 million.
• Sprouts Farmers Market reported a 17.3% increase in revenue year-over-year, with a quarterly earnings per share (EPS) of $1.35, exceeding analysts' expectations.
• Several large investors, including Crossmark Global Holdings Inc. and Whipplewood Advisors LLC, have recently increased their positions in Sprouts Farmers Market, indicating growing institutional interest in the company.

The Manufacturers Life Insurance Company lowered its stake in Sprouts Farmers Market, Inc. (NASDAQ:SFM - Free Report) by 13.6% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 99,966 shares of the company's stock after selling 15,737 shares during the period. The Manufacturers Life Insurance Company owned 0.10% of Sprouts Farmers Market worth $15,259,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Sowell Financial Services LLC bought a new stake in shares of Sprouts Farmers Market in the 1st quarter worth about $270,000. Clark Capital Management Group Inc. increased its position in shares of Sprouts Farmers Market by 32.1% in the 4th quarter. Clark Capital Management Group Inc. now owns 100,165 shares of the company's stock worth $12,728,000 after purchasing an additional 24,364 shares during the last quarter. Two Sigma Investments LP increased its position in shares of Sprouts Farmers Market by 21.3% in the 4th quarter. Two Sigma Investments LP now owns 12,890 shares of the company's stock worth $1,638,000 after purchasing an additional 2,261 shares during the last quarter. Anderson Hoagland & Co. bought a new stake in shares of Sprouts Farmers Market in the 1st quarter worth about $2,866,000. Finally, Charles Schwab Investment Management Inc. increased its position 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 worth $152,205,000 after purchasing an additional 10,059 shares during the last quarter.

Sprouts Farmers Market Stock Down 0.9%

NASDAQ SFM traded down $1.24 on Friday, hitting $138.83. The stock had a trading volume of 1,358,086 shares, compared to its average volume of 1,515,252. Sprouts Farmers Market, Inc. has a one year low of $97.61 and a one year high of $182.00. The stock has a market cap of $13.57 billion, a price-to-earnings ratio of 28.57, a P/E/G ratio of 1.57 and a beta of 0.86. The company's 50-day moving average is $153.61 and its two-hundred day moving average is $155.95.

Sprouts Farmers Market (NASDAQ:SFM - Get Free Report) last posted its earnings results on Wednesday, July 30th. The company reported $1.35 EPS for the quarter, topping the consensus estimate of $1.23 by $0.12. Sprouts Farmers Market had a net margin of 5.77% and a return on equity of 36.53%. The firm had revenue of $2.22 billion during the quarter, compared to analysts' expectations of $2.16 billion. During the same quarter in the prior year, the firm earned $0.94 EPS. Sprouts Farmers Market's quarterly revenue 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. On average, sell-side analysts anticipate that Sprouts Farmers Market, Inc. will post 4.29 earnings per share for the current year.

Sprouts Farmers Market declared that its board has initiated a stock repurchase plan on Tuesday, August 19th that authorizes the company to repurchase $0.00 in shares. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company's board of directors believes its stock is undervalued.

Wall Street Analysts Forecast Growth

SFM has been the subject of several research analyst reports. JPMorgan Chase & Co. initiated coverage on shares of Sprouts Farmers Market in a research report on Wednesday, August 20th. They issued a "neutral" rating and a $159.00 target price for the company. Wells Fargo & Company raised shares of Sprouts Farmers Market from an "equal weight" rating to an "overweight" rating and boosted their target price for the stock from $175.00 to $180.00 in a research report on Tuesday, August 5th. Royal Bank Of Canada boosted their price objective 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. Evercore ISI lowered their price objective 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. Finally, Jefferies Financial Group raised shares of 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. 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 data from MarketBeat.com, Sprouts Farmers Market currently has an average rating of "Moderate Buy" and a consensus price target of $173.73.

Insider Transactions at Sprouts Farmers Market

In other news, CEO Jack Sinclair sold 4,054 shares of the stock in a transaction that occurred on Monday, June 16th. The shares were sold at an average price of $160.45, for a total value of $650,464.30. Following the completion of the transaction, the chief executive officer directly owned 174,740 shares in the company, valued at $28,037,033. This trade represents a 2.27% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Joe Fortunato sold 10,000 shares of the 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. This trade represents a 35.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 38,737 shares of company stock worth $5,954,023 in the last quarter. 1.10% of the stock is currently owned by corporate insiders.

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.