Thematics Asset Management Has $4.03 Million Stock Holdings in Sprouts Farmers Market, Inc. $SFM

Key Points

• Thematics Asset Management reduced its shareholding in Sprouts Farmers Market by 42.7%, selling 19,654 shares in the first quarter, now holding 26,410 shares worth approximately $4.03 million.
• Sprouts Farmers Market stock fell 1.4%, closing at $146.28, after reaching a twelve month low of $96.05 and a high of $182.00.
• The company reported a quarterly earnings per share of $1.35, surpassing analysts' expectations, with revenue up 17.3% year-over-year, amounting to $2.22 billion.

Thematics Asset Management cut its holdings in Sprouts Farmers Market, Inc. (NASDAQ:SFM - Free Report) by 42.7% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 26,410 shares of the company's stock after selling 19,654 shares during the quarter. Thematics Asset Management's holdings in Sprouts Farmers Market were worth $4,031,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of SFM. Crossmark Global Holdings Inc. lifted its stake in Sprouts Farmers Market by 1.2% during the first quarter. Crossmark Global Holdings Inc. now owns 7,201 shares of the company's stock worth $1,099,000 after purchasing an additional 84 shares in the last quarter. Whipplewood Advisors LLC grew its holdings in shares of Sprouts Farmers Market by 92.0% during the first quarter. Whipplewood Advisors LLC now owns 192 shares of the company's stock worth $29,000 after buying an additional 92 shares during the last quarter. Avantax Advisory Services Inc. boosted its holdings in Sprouts Farmers Market by 2.1% in the 1st quarter. Avantax Advisory Services Inc. now owns 4,899 shares of the company's stock valued at $748,000 after purchasing an additional 99 shares in the last quarter. JT Stratford LLC raised its position in shares of Sprouts Farmers Market by 0.9% during the 4th quarter. JT Stratford LLC now owns 11,091 shares of the company's stock worth $1,409,000 after purchasing an additional 100 shares during the last quarter. Finally, Linden Thomas Advisory Services LLC grew its stake in Sprouts Farmers Market by 3.0% in the 1st quarter. Linden Thomas Advisory Services LLC now owns 3,492 shares of the company's stock worth $533,000 after acquiring an additional 102 shares during the period.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on SFM shares. Barclays upgraded shares of 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 note on Thursday, July 31st. UBS Group set a $180.00 price target on shares of Sprouts Farmers Market in a report on Thursday, July 31st. Jefferies Financial Group upgraded shares of Sprouts Farmers Market from a "hold" rating to a "buy" rating and set a $190.00 target price on the stock in a research report on Friday, August 1st. Roth Capital set a $155.00 target price on shares of Sprouts Farmers Market and gave the stock a "neutral" rating in a research note on Thursday, May 1st. Finally, Royal Bank Of Canada upped 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 investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, Sprouts Farmers Market has a consensus rating of "Moderate Buy" and a consensus target price of $173.73.

Insider Activity

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

Sprouts Farmers Market Stock Performance

Shares of NASDAQ SFM traded up $0.31 during mid-day trading on Wednesday, hitting $144.59. The stock had a trading volume of 1,060,335 shares, compared to its average volume of 1,788,047. The firm has a market cap of $14.13 billion, a P/E ratio of 29.75, a price-to-earnings-growth ratio of 1.63 and a beta of 0.78. The business has a 50 day moving average price of $157.14 and a two-hundred day moving average price of $157.67. Sprouts Farmers Market, Inc. has a 1 year low of $96.05 and a 1 year high of $182.00.

Sprouts Farmers Market (NASDAQ:SFM - Get Free Report) last issued its earnings results on Wednesday, July 30th. The company reported $1.35 earnings per share 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 analyst estimates of $2.16 billion. Sprouts Farmers Market had a return on equity of 36.53% and a net margin of 5.77%.Sprouts Farmers Market's revenue was up 17.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $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. Equities research 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 stock buyback program on Tuesday, August 19th that allows the company to repurchase $0.00 in outstanding shares. This repurchase authorization allows the company to reacquire shares of its stock through open market purchases. Stock repurchase programs are typically an indication that the company's board believes its stock is undervalued.

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.