Vident Advisory LLC Buys 2,042 Shares of Sprouts Farmers Market, Inc. $SFM

Key Points

• Vident Advisory LLC increased its stake in Sprouts Farmers Market by 26.7%, acquiring an additional 2,042 shares, bringing its total to 9,683 shares valued at approximately $1.48 million.
• Sprouts Farmers Market reported a Q2 earnings beat with earnings per share (EPS) of $1.35, surpassing analysts' expectations of $1.23, and a revenue increase of 17.3% year-over-year.
• Insiders have recently sold a total of 34,692 shares of Sprouts Farmers Market, indicating some cashing out despite ownership decreasing to only 1.10% of the company's stock.

Vident Advisory LLC lifted its holdings in Sprouts Farmers Market, Inc. (NASDAQ:SFM - Free Report) by 26.7% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 9,683 shares of the company's stock after buying an additional 2,042 shares during the quarter. Vident Advisory LLC's holdings in Sprouts Farmers Market were worth $1,478,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Assenagon Asset Management S.A. boosted its holdings in Sprouts Farmers Market by 1,033.4% in the first quarter. Assenagon Asset Management S.A. now owns 1,476,351 shares of the company's stock valued at $225,350,000 after acquiring an additional 1,346,097 shares during the last quarter. Wellington Management Group LLP lifted its position in Sprouts Farmers Market by 300.3% during the 1st quarter. Wellington Management Group LLP now owns 1,037,187 shares of the company's stock valued at $158,316,000 after purchasing an additional 778,079 shares during the period. Nuveen LLC bought a new position in shares of Sprouts Farmers Market in the 1st quarter valued at about $106,852,000. Westfield Capital Management Co. LP bought a new position in shares of Sprouts Farmers Market in the 1st quarter valued at about $71,699,000. Finally, Leigh Baldwin & CO. LLC acquired a new stake in shares of Sprouts Farmers Market during the 4th quarter worth approximately $53,946,000.

Sprouts Farmers Market Stock Performance

SFM stock traded down $1.24 during mid-day trading on Friday, hitting $138.83. 1,358,086 shares of the company were exchanged, compared to its average volume of 1,515,252. Sprouts Farmers Market, Inc. has a 1-year low of $97.61 and a 1-year high of $182.00. The firm's 50 day simple moving average is $153.61 and its 200 day simple moving average is $156.09. The firm has a market cap of $13.57 billion, a P/E ratio of 28.57, a P/E/G ratio of 1.58 and a beta of 0.86.

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 the consensus estimate of $1.23 by $0.12. The company 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 revenue was up 17.3% compared to the same quarter last year. During the same quarter in the prior year, the firm 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. On average, equities research analysts predict that Sprouts Farmers Market, Inc. will post 4.29 EPS for the current fiscal year.

Sprouts Farmers Market announced that its Board of Directors has initiated a share buyback plan on Tuesday, August 19th that allows the company to repurchase $0.00 in shares. This repurchase authorization allows the company to reacquire shares of its stock through open market purchases. Shares repurchase plans are usually an indication that the company's board believes its stock is undervalued.

Insider Buying and Selling

In other news, Director Joseph D. O'leary sold 2,937 shares of Sprouts Farmers Market stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $150.07, for a total value of $440,755.59. Following the sale, the director directly owned 14,994 shares in the company, valued at $2,250,149.58. This trade represents a 16.38% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Joe Fortunato sold 10,000 shares of the firm's stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $147.57, for a total transaction of $1,475,700.00. Following the completion of the transaction, the director directly owned 18,164 shares of the company's stock, valued at approximately $2,680,461.48. This trade represents a 35.51% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 38,737 shares of company stock valued at $5,954,023. Corporate insiders own 1.10% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on SFM. Barclays raised shares of Sprouts Farmers Market from an "equal weight" rating to an "overweight" rating and raised their price objective for the company from $173.00 to $185.00 in a research note on Thursday, July 31st. JPMorgan Chase & Co. began coverage on Sprouts Farmers Market in a research note on Wednesday, August 20th. They issued a "neutral" rating and a $159.00 price target on the stock. Evercore ISI reduced their price target on Sprouts Farmers Market from $195.00 to $190.00 and set an "outperform" rating on the stock in a research report on Tuesday, August 12th. Jefferies Financial Group upgraded Sprouts Farmers Market from a "hold" rating to a "buy" rating and set a $190.00 price objective for the company in a report on Friday, August 1st. Finally, UBS Group set a $180.00 target price on Sprouts Farmers Market in a research note on Thursday, July 31st. Eight investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $173.73.

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.