Trexquant Investment LP Has $37.63 Million Position in Sprouts Farmers Market, Inc. $SFM

Key Points

• Trexquant Investment LP increased its stake in Sprouts Farmers Market by 42.1%, purchasing an additional 73,086 shares, bringing its total ownership to 246,523 shares.
• Multiple institutional investors also boosted their positions in Sprouts Farmers Market, with Whipplewood Advisors LLC raising their position by 92% this quarter.
• Analysts have mixed opinions on the stock, with eight ratings as a Buy and seven as Hold, alongside a consensus target price of $173.73.

Trexquant Investment LP raised its stake in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM - Free Report) by 42.1% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 246,523 shares of the company's stock after acquiring an additional 73,086 shares during the period. Sprouts Farmers Market makes up 0.4% of Trexquant Investment LP's investment portfolio, making the stock its 20th biggest holding. Trexquant Investment LP owned 0.25% of Sprouts Farmers Market worth $37,629,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Sowell Financial Services LLC purchased a new position in shares of Sprouts Farmers Market during the 1st quarter worth approximately $270,000. Caisse DE Depot ET Placement DU Quebec acquired a new stake in Sprouts Farmers Market during the 4th quarter valued at $2,618,000. Clark Capital Management Group Inc. boosted its holdings in shares of Sprouts Farmers Market by 32.1% during the fourth 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 boosted its holdings in shares of Sprouts Farmers Market by 21.3% during the fourth 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. Finally, Anderson Hoagland & Co. purchased a new position in shares of Sprouts Farmers Market in the 1st quarter worth $2,866,000.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on SFM. Jefferies Financial Group raised 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. Wells Fargo & Company upgraded Sprouts Farmers Market from an "equal weight" rating to an "overweight" rating and raised their target price for the company from $175.00 to $180.00 in a research note on Tuesday, August 5th. Barclays upgraded Sprouts Farmers Market from an "equal weight" rating to an "overweight" rating and lifted their target price for the company from $173.00 to $185.00 in a research note on Thursday, July 31st. Royal Bank Of Canada lifted their price target on Sprouts Farmers Market from $173.00 to $176.00 and gave the company a "sector perform" rating in a report on Thursday, July 31st. Finally, JPMorgan Chase & Co. assumed coverage on Sprouts Farmers Market in a report on Wednesday, August 20th. They set a "neutral" rating and a $159.00 price target on the stock. Eight equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $173.73.

Sprouts Farmers Market Price Performance

Shares of SFM stock traded down $0.88 on Monday, hitting $140.54. The company's stock had a trading volume of 1,438,276 shares, compared to its average volume of 1,562,951. Sprouts Farmers Market, Inc. has a fifty-two week low of $96.05 and a fifty-two week high of $182.00. The firm's fifty day moving average price is $156.22 and its 200-day moving average price is $157.08. The stock has a market capitalization of $13.73 billion, a price-to-earnings ratio of 28.92, a P/E/G ratio of 1.59 and a beta of 0.87.

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 (EPS) for the quarter, beating 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 business had revenue of $2.22 billion during the quarter, compared to analyst estimates of $2.16 billion. During the same quarter in the previous year, the business earned $0.94 EPS. Sprouts Farmers Market's quarterly revenue was up 17.3% compared to the same quarter last year. Sprouts Farmers Market has set its FY 2025 guidance at 5.200-5.320 EPS. Q3 2025 guidance at 1.120-1.160 EPS. 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 authorized a share buyback program on Tuesday, August 19th that permits the company to buyback $0.00 in shares. This buyback authorization permits the company to buy shares of its stock through open market purchases. Shares buyback programs are generally an indication that the company's board of directors believes its shares are undervalued.

Insider Activity

In other Sprouts Farmers Market news, CEO Jack Sinclair sold 4,054 shares of the business's stock in a transaction on Monday, June 16th. The shares were 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 $28,037,033. The trade was a 2.27% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Terri F. Graham sold 1,278 shares of the business's stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $180.00, for a total transaction of $230,040.00. Following the transaction, the director directly owned 32,910 shares of the company's stock, valued at approximately $5,923,800. This represents a 3.74% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 35,970 shares of company stock worth $5,623,426. Insiders own 1.10% of the company's stock.

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.