Sprouts Farmers Market, Inc. $SFM Shares Sold by US Bancorp DE

Key Points

• US Bancorp DE reduced its stake in Sprouts Farmers Market by 22.9% in the second quarter, ending with 11,090 shares worth approximately $1.83 million.
• Sprouts Farmers Market reported a 17.3% year-over-year revenue increase of $2.22 billion and earnings per share of $1.35 for the last quarter, exceeding estimates.
• Analysts have raised their target prices for Sprouts Farmers Market, with Barclays upgrading the stock to "overweight" and setting a target of $185.00.

US Bancorp DE cut its position in Sprouts Farmers Market, Inc. (NASDAQ:SFM - Free Report) by 22.9% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 11,090 shares of the company's stock after selling 3,302 shares during the quarter. US Bancorp DE's holdings in Sprouts Farmers Market were worth $1,826,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Dogwood Wealth Management LLC acquired a new stake in shares of Sprouts Farmers Market in the 1st quarter valued at about $30,000. Truvestments Capital LLC acquired a new stake in shares of Sprouts Farmers Market in the 1st quarter valued at about $35,000. SVB Wealth LLC acquired a new stake in shares of Sprouts Farmers Market in the 1st quarter valued at about $36,000. Brooklyn Investment Group boosted its position 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 valued at $37,000 after purchasing an additional 242 shares during the period. Finally, Global Trust Asset Management LLC boosted its position 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 valued at $49,000 after purchasing an additional 250 shares during the period.

Sprouts Farmers Market Trading Up 2.7%

Shares of SFM stock opened at $114.12 on Thursday. The company has a market cap of $11.15 billion, a price-to-earnings ratio of 23.48, a price-to-earnings-growth ratio of 1.25 and a beta of 0.77. The stock has a 50 day simple moving average of $128.93 and a 200-day simple moving average of $150.67. Sprouts Farmers Market, Inc. has a 12-month low of $98.75 and a 12-month 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 earnings per share for the quarter, beating the consensus estimate 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 firm had revenue of $2.22 billion during the quarter, compared to the consensus estimate of $2.16 billion. During the same period last year, the business posted $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, equities analysts forecast that Sprouts Farmers Market, Inc. will post 4.29 earnings per share for the current fiscal year.

Sprouts Farmers Market declared that its board has authorized a stock repurchase program on Tuesday, August 19th that authorizes the company to buyback $0.00 in shares. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company's board believes its stock is undervalued.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Barclays raised Sprouts Farmers Market from an "equal weight" rating to an "overweight" rating and upped their target price for the company from $173.00 to $185.00 in a research report on Thursday, July 31st. UBS Group set a $180.00 target price on Sprouts Farmers Market in a research report on Thursday, July 31st. Royal Bank Of Canada set a $148.00 target price on Sprouts Farmers Market and gave the company an "outperform" rating in a research report on Monday. Wall Street Zen raised Sprouts Farmers Market from a "hold" rating to a "buy" rating in a research report on Sunday, September 21st. Finally, Evercore ISI decreased their price objective on Sprouts Farmers Market from $190.00 to $185.00 and set an "outperform" rating for the company in a research report on Tuesday. Ten analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, Sprouts Farmers Market currently has an average rating of "Moderate Buy" and an average price target of $176.29.

Insider Transactions at Sprouts Farmers Market

In other Sprouts Farmers Market news, CEO Jack Sinclair sold 4,045 shares of the firm's stock in a transaction on Monday, October 6th. The stock was sold at an average price of $103.00, for a total transaction of $416,635.00. Following the completion of the transaction, the chief executive officer owned 174,740 shares of the company's stock, valued at approximately $17,998,220. This trade represents a 2.26% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Joe Fortunato sold 10,000 shares of the firm's stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $147.57, for a total value of $1,475,700.00. Following the transaction, the director directly owned 18,164 shares of the company's stock, valued at $2,680,461.48. The trade was a 35.51% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 37,561 shares of company stock worth $5,257,184 over the last ninety days. 1.10% of the stock is currently owned by corporate insiders.

Sprouts Farmers Market 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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