Triasima Portfolio Management inc. Grows Stock Position in Sprouts Farmers Market, Inc. $SFM

Key Points

• Triasima Portfolio Management inc. has increased its stake in Sprouts Farmers Market by 26.2%, owning 18,702 shares worth approximately $3.08 million as of the second quarter.
• Sprouts Farmers Market recently reported quarterly earnings that exceeded estimates with an EPS of $1.35 and revenue of $2.22 billion, reflecting a 17.3% increase year-over-year.
• The company's board approved a share repurchase program, indicating management's belief that its stock is currently undervalued.

Triasima Portfolio Management inc. increased its position in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM - Free Report) by 26.2% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 18,702 shares of the company's stock after buying an additional 3,884 shares during the quarter. Triasima Portfolio Management inc.'s holdings in Sprouts Farmers Market were worth $3,079,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Dogwood Wealth Management LLC purchased a new stake in shares of Sprouts Farmers Market during the 1st quarter valued at approximately $30,000. Truvestments Capital LLC purchased a new stake in shares of Sprouts Farmers Market during the 1st quarter valued at approximately $35,000. SVB Wealth LLC purchased a new stake in Sprouts Farmers Market in the first quarter valued at approximately $36,000. Brooklyn Investment Group raised its position in Sprouts Farmers Market by 12,100.0% in the first 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 raised its position in Sprouts Farmers Market by 520.8% in the second 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 Stock Up 1.1%

NASDAQ:SFM opened at $102.84 on Wednesday. The company has a fifty day simple moving average of $134.42 and a two-hundred day simple moving average of $152.40. The company has a market cap of $10.05 billion, a price-to-earnings ratio of 21.16, a price-to-earnings-growth ratio of 1.15 and a beta of 0.77. Sprouts Farmers Market, Inc. has a 52 week low of $98.75 and a 52 week high of $182.00.

Sprouts Farmers Market (NASDAQ:SFM - Get Free Report) last posted 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 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 company's quarterly revenue was up 17.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $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. On average, analysts expect that Sprouts Farmers Market, Inc. will post 4.29 EPS for the current year.

Sprouts Farmers Market declared that its Board of Directors has approved a share repurchase 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. Stock buyback programs are usually an indication that the company's management believes its stock is undervalued.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on SFM. Weiss Ratings reissued a "buy (b)" rating on shares of Sprouts Farmers Market in a research report on Saturday, September 27th. Wells Fargo & Company raised 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 report on Tuesday, August 5th. UBS Group set a $180.00 target price on Sprouts Farmers Market in a research report on Thursday, July 31st. JPMorgan Chase & Co. began coverage on Sprouts Farmers Market in a research report on Wednesday, August 20th. They issued a "neutral" rating and a $159.00 target price on the stock. Finally, Barclays raised Sprouts Farmers Market from an "equal weight" rating to an "overweight" rating and boosted their target price for the company from $173.00 to $185.00 in a research report on Thursday, July 31st. Nine analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, Sprouts Farmers Market has an average rating of "Moderate Buy" and an average price target of $177.21.

Insiders Place Their Bets

In related news, CTO James H. Bahrenburg sold 4,292 shares of the business's stock in a transaction on Friday, September 12th. The shares were sold at an average price of $137.06, for a total transaction of $588,261.52. Following the completion of the transaction, the chief technology officer owned 9,167 shares in the company, valued at approximately $1,256,429.02. The trade was a 31.89% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Joseph D. O'leary sold 2,937 shares of the business's stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $150.07, for a total transaction of $440,755.59. Following the transaction, the director owned 14,994 shares of the company's stock, valued at approximately $2,250,149.58. The trade was a 16.38% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 33,516 shares of company stock valued at $4,840,549. Corporate 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.

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