United Services Automobile Association acquired a new position in Sprouts Farmers Market, Inc. (NASDAQ:SFM - Free Report) during the first quarter, according to its most recent filing with the SEC. The firm acquired 6,440 shares of the company's stock, valued at approximately $952,000.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Deutsche Bank AG raised its stake in Sprouts Farmers Market by 10.0% during the fourth quarter. Deutsche Bank AG now owns 379,780 shares of the company's stock valued at $48,259,000 after buying an additional 34,436 shares during the last quarter. Ethic Inc. bought a new stake in shares of Sprouts Farmers Market in the 4th quarter worth $793,000. Ensign Peak Advisors Inc increased its holdings in shares of Sprouts Farmers Market by 57.2% in the 4th quarter. Ensign Peak Advisors Inc now owns 63,499 shares of the company's stock worth $8,069,000 after purchasing an additional 23,102 shares in the last quarter. Gotham Asset Management LLC increased its holdings in shares of Sprouts Farmers Market by 23.7% in the 4th quarter. Gotham Asset Management LLC now owns 17,353 shares of the company's stock worth $2,205,000 after purchasing an additional 3,325 shares in the last quarter. Finally, Jefferies Financial Group Inc. increased its holdings in shares of Sprouts Farmers Market by 16.9% in the 4th quarter. Jefferies Financial Group Inc. now owns 26,238 shares of the company's stock worth $3,334,000 after purchasing an additional 3,788 shares in the last quarter.
Insider Activity
In other news, SVP Kim Coffin sold 651 shares of the stock in a transaction on Thursday, August 28th. The stock was sold at an average price of $141.58, for a total transaction of $92,168.58. Following the completion of the sale, the senior vice president owned 11,235 shares in the company, valued at approximately $1,590,651.30. This represents a 5.48% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Dustin Hamilton sold 346 shares of the stock in a transaction on Friday, September 5th. The shares were sold at an average price of $140.15, for a total value of $48,491.90. Following the sale, the insider owned 23,549 shares of the company's stock, valued at approximately $3,300,392.35. This represents a 1.45% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 36,168 shares of company stock worth $5,544,685. Company insiders own 1.10% of the company's stock.
Sprouts Farmers Market Stock Performance
Sprouts Farmers Market stock traded up $3.62 during mid-day trading on Thursday, reaching $137.72. 1,899,343 shares of the company were exchanged, compared to its average volume of 1,507,826. The business has a fifty day moving average of $151.57 and a 200 day moving average of $155.50. The firm has a market cap of $13.46 billion, a P/E ratio of 28.34, a PEG ratio of 1.51 and a beta of 0.86. Sprouts Farmers Market, Inc. has a 12-month low of $100.59 and a 12-month high of $182.00.
Sprouts Farmers Market (NASDAQ:SFM - Get Free Report) last posted 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 company 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 prior year, the business 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. Sell-side analysts predict that Sprouts Farmers Market, Inc. will post 4.29 EPS for the current year.
Sprouts Farmers Market announced that its Board of Directors has approved a stock repurchase plan 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 plans are generally an indication that the company's management believes its stock is undervalued.
Analysts Set New Price Targets
Several brokerages recently commented on SFM. Wells Fargo & Company raised Sprouts Farmers Market from an "equal weight" rating to an "overweight" rating and lifted their price objective for the stock from $175.00 to $180.00 in a report on Tuesday, August 5th. Royal Bank Of Canada boosted their target price on Sprouts Farmers Market from $173.00 to $176.00 and gave the stock a "sector perform" rating in a research report on Thursday, July 31st. UBS Group set a $180.00 price objective on Sprouts Farmers Market in a research report on Thursday, July 31st. Jefferies Financial Group upgraded Sprouts Farmers Market from a "hold" rating to a "buy" rating and set a $190.00 price objective on the stock in a research report on Friday, August 1st. Finally, JPMorgan Chase & Co. began coverage on Sprouts Farmers Market in a research report on Wednesday, August 20th. They set a "neutral" rating and a $159.00 price objective on the stock. Eight investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat.com, Sprouts Farmers Market currently has a consensus rating of "Moderate Buy" and an average target price of $173.73.
Read Our Latest Stock Analysis on Sprouts Farmers Market
About Sprouts Farmers Market
(
Free Report)
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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