Sprouts Farmers Market, Inc. $SFM Shares Sold by Alliancebernstein L.P.

Key Points

• Alliancebernstein L.P. has reduced its stake in Sprouts Farmers Market by 3.4%, now owning 204,965 shares valued at approximately $31.3 million.
• Sprouts Farmers Market reported quarterly earnings of $1.35 EPS, exceeding analyst estimates, with revenue of $2.22 billion, marking a 17.3% increase year-over-year.
• Research analysts have generally positive outlooks on Sprouts Farmers Market, with multiple firms upgrading their ratings and setting a consensus price target of $173.73 for the stock.

Alliancebernstein L.P. reduced its position in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM - Free Report) by 3.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 204,965 shares of the company's stock after selling 7,229 shares during the period. Alliancebernstein L.P. owned about 0.21% of Sprouts Farmers Market worth $31,286,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Dimensional Fund Advisors LP increased its stake in shares of Sprouts Farmers Market by 0.7% in the first quarter. Dimensional Fund Advisors LP now owns 2,217,900 shares of the company's stock worth $338,481,000 after buying an additional 15,930 shares during the last quarter. Assenagon Asset Management S.A. increased its stake in shares of Sprouts Farmers Market by 1,033.4% in the first quarter. Assenagon Asset Management S.A. now owns 1,476,351 shares of the company's stock worth $225,350,000 after buying an additional 1,346,097 shares during the last quarter. Wellington Management Group LLP increased its stake in shares of Sprouts Farmers Market by 300.3% in the first quarter. Wellington Management Group LLP now owns 1,037,187 shares of the company's stock worth $158,316,000 after buying an additional 778,079 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Sprouts Farmers Market by 1.0% in the first quarter. Charles Schwab Investment Management Inc. now owns 997,152 shares of the company's stock worth $152,205,000 after buying an additional 10,059 shares during the last quarter. Finally, Driehaus Capital Management LLC increased its stake in shares of Sprouts Farmers Market by 3.0% in the first quarter. Driehaus Capital Management LLC now owns 971,380 shares of the company's stock worth $148,271,000 after buying an additional 28,595 shares during the last quarter.

Insider Transactions at Sprouts Farmers Market

In other Sprouts Farmers Market news, Director Joe Fortunato sold 10,000 shares of the company's stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $147.57, for a total value of $1,475,700.00. Following the completion of the transaction, the director owned 18,164 shares in the company, valued at approximately $2,680,461.48. This represents a 35.51% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Jack Sinclair sold 4,054 shares of the company's stock in a transaction dated Monday, June 16th. The stock was sold at an average price of $160.45, for a total transaction of $650,464.30. Following the completion of the transaction, the chief executive officer owned 174,740 shares of the company's stock, valued at approximately $28,037,033. This trade represents a 2.27% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 36,168 shares of company stock worth $5,544,685 in the last quarter. 1.10% of the stock is currently owned by corporate insiders.

Sprouts Farmers Market Stock Up 2.7%

SFM stock traded up $3.62 during trading on Thursday, hitting $137.72. 1,899,343 shares of the company's stock traded hands, compared to its average volume of 1,728,150. Sprouts Farmers Market, Inc. has a 52 week low of $100.59 and a 52 week high of $182.00. The stock has a fifty day moving average price of $152.07 and a two-hundred day moving average price of $155.54. The stock has a market capitalization of $13.46 billion, a price-to-earnings ratio of 28.34, a price-to-earnings-growth ratio of 1.54 and a beta of 0.86.

Sprouts Farmers Market (NASDAQ:SFM - Get Free Report) last released its quarterly 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. The business had revenue of $2.22 billion during the quarter, compared to analyst estimates of $2.16 billion. Sprouts Farmers Market had a net margin of 5.77% and a return on equity of 36.53%. The company's quarterly revenue was up 17.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.94 earnings per share. 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, equities research analysts expect 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 stock repurchase program on Tuesday, August 19th that permits the company to repurchase $0.00 in shares. This repurchase authorization permits the company to reacquire shares of its stock through open market purchases. Stock repurchase programs are often an indication that the company's management believes its shares are undervalued.

Analyst Ratings Changes

A number of analysts recently issued reports on SFM shares. Evercore ISI dropped their price target on shares of Sprouts Farmers Market from $195.00 to $190.00 and set an "outperform" rating for the company in a research note on Tuesday, August 12th. UBS Group set a $180.00 price target on shares of Sprouts Farmers Market in a research note on Thursday, July 31st. JPMorgan Chase & Co. assumed coverage on shares of Sprouts Farmers Market in a research note on Wednesday, August 20th. They issued a "neutral" rating and a $159.00 price target for the company. Wells Fargo & Company upgraded shares of Sprouts Farmers Market from an "equal weight" rating to an "overweight" rating and boosted their target price for the company from $175.00 to $180.00 in a research note on Tuesday, August 5th. Finally, Royal Bank Of Canada boosted their target price on shares of Sprouts Farmers Market from $173.00 to $176.00 and gave the company a "sector perform" rating in a research note on Thursday, July 31st. Eight research 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, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $173.73.

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.