State of New Jersey Common Pension Fund D Sells 4,083 Shares of Sprouts Farmers Market, Inc. $SFM

Key Points

• The State of New Jersey Common Pension Fund D reduced its holdings in Sprouts Farmers Market by 10.8% in the first quarter, now owning 33,664 shares valued at approximately $5.14 million.
• Insider transactions included Timmi Zalatoris selling 2,000 shares and Joe Fortunato selling 10,000 shares, reflecting decreases in ownership of 13.1% and 35.5%, respectively, over the last quarter.
• Analyst ratings show a trend of upgrades for Sprouts Farmers Market, with several firms setting price targets above $170, indicating a consensus rating of "Moderate Buy" with an average price target of $172.20.

State of New Jersey Common Pension Fund D cut its position in Sprouts Farmers Market, Inc. (NASDAQ:SFM - Free Report) by 10.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 33,664 shares of the company's stock after selling 4,083 shares during the period. State of New Jersey Common Pension Fund D's holdings in Sprouts Farmers Market were worth $5,138,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in SFM. XTX Topco Ltd acquired a new stake in shares of Sprouts Farmers Market in the 4th quarter worth about $292,000. Guggenheim Capital LLC lifted its position in Sprouts Farmers Market by 12.2% in the 4th quarter. Guggenheim Capital LLC now owns 9,532 shares of the company's stock valued at $1,211,000 after acquiring an additional 1,038 shares in the last quarter. NewEdge Advisors LLC lifted its position in Sprouts Farmers Market by 4.7% in the 4th quarter. NewEdge Advisors LLC now owns 9,551 shares of the company's stock valued at $1,214,000 after acquiring an additional 433 shares in the last quarter. GeoWealth Management LLC lifted its position in Sprouts Farmers Market by 115.4% in the 4th quarter. GeoWealth Management LLC now owns 265 shares of the company's stock valued at $34,000 after acquiring an additional 142 shares in the last quarter. Finally, First Trust Advisors LP lifted its position in Sprouts Farmers Market by 20.8% in the 4th quarter. First Trust Advisors LP now owns 172,311 shares of the company's stock valued at $21,896,000 after acquiring an additional 29,704 shares in the last quarter.

Sprouts Farmers Market Stock Down 1.4%

SFM stock traded down $2.13 during trading on Friday, reaching $146.28. The stock had a trading volume of 1,731,330 shares, compared to its average volume of 1,735,433. Sprouts Farmers Market, Inc. has a one year low of $96.05 and a one year high of $182.00. The company's 50 day moving average is $158.36 and its two-hundred day moving average is $158.31. The company has a market capitalization of $14.30 billion, a price-to-earnings ratio of 30.10, a P/E/G ratio of 1.71 and a beta of 0.78.

Sprouts Farmers Market (NASDAQ:SFM - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The company reported $1.35 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.23 by $0.12. The business had revenue of $2.22 billion during the quarter, compared to the consensus estimate of $2.16 billion. Sprouts Farmers Market had a net margin of 5.77% and a return on equity of 36.53%. The firm's quarterly revenue was up 17.3% compared to the same quarter last year. During the same period in the prior 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. As a group, research analysts predict that Sprouts Farmers Market, Inc. will post 4.29 earnings per share for the current fiscal year.

Sprouts Farmers Market declared that its Board of Directors has authorized a share repurchase program on Tuesday, August 19th that allows the company to buyback $0.00 in shares. This buyback authorization allows the company to buy shares of its stock through open market purchases. Stock buyback programs are typically a sign that the company's leadership believes its shares are undervalued.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on SFM shares. UBS Group set a $180.00 price target on shares of Sprouts Farmers Market in a research report on Thursday, July 31st. Roth Capital set a $155.00 price target on shares of Sprouts Farmers Market and gave the company a "neutral" rating in a research report on Thursday, May 1st. JPMorgan Chase & Co. started coverage on shares of Sprouts Farmers Market in a report on Wednesday. They issued a "neutral" rating and a $159.00 target price for the company. Wells Fargo & Company upgraded shares of Sprouts Farmers Market from an "equal weight" rating to an "overweight" rating and increased their target price for the company from $175.00 to $180.00 in a report on Tuesday, August 5th. Finally, Evercore ISI lowered their target price on shares of Sprouts Farmers Market from $195.00 to $190.00 and set an "outperform" rating for the company in a report on Tuesday, August 12th. Eight investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $173.73.

Insiders Place Their Bets

In other Sprouts Farmers Market news, insider Timmi Zalatoris sold 2,000 shares of Sprouts Farmers Market stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $164.38, for a total value of $328,760.00. Following the sale, the insider owned 13,263 shares of the company's stock, valued at approximately $2,180,171.94. The trade was a 13.10% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Joseph D. O'leary sold 2,937 shares of Sprouts Farmers Market stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $150.07, for a total transaction of $440,755.59. Following the completion of the sale, the director directly owned 14,994 shares in the company, valued at approximately $2,250,149.58. This represents a 16.38% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 55,589 shares of company stock valued at $8,926,483. Company insiders own 1.10% of the company's stock.

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.