Wellington Management Group LLP Raises Holdings in Sprouts Farmers Market, Inc. $SFM

Key Points

• Wellington Management Group LLP significantly increased its holdings in Sprouts Farmers Market, raising its stake by 300.3% to over 1 million shares, valued at approximately $158 million.
• Analysts are optimistic about Sprouts Farmers Market, with several upgrades, including Barclays upgrading to an "overweight" rating and setting a target price of $185.
• The company's recent financial performance was strong, reporting $2.22 billion in revenue for the last quarter, exceeding expectations and marking a 17.3% year-over-year increase.

Wellington Management Group LLP raised its holdings in Sprouts Farmers Market, Inc. (NASDAQ:SFM - Free Report) by 300.3% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,037,187 shares of the company's stock after purchasing an additional 778,079 shares during the quarter. Wellington Management Group LLP owned 1.06% of Sprouts Farmers Market worth $158,316,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. XTX Topco Ltd acquired a new stake in shares of Sprouts Farmers Market during the 4th quarter worth about $292,000. NewEdge Advisors LLC boosted its stake in Sprouts Farmers Market by 4.7% during the fourth quarter. NewEdge Advisors LLC now owns 9,551 shares of the company's stock worth $1,214,000 after buying an additional 433 shares during the period. GeoWealth Management LLC increased its position in shares of Sprouts Farmers Market by 115.4% during the fourth quarter. GeoWealth Management LLC now owns 265 shares of the company's stock valued at $34,000 after acquiring an additional 142 shares during the last quarter. First Trust Advisors LP raised its stake in shares of Sprouts Farmers Market by 20.8% in the 4th quarter. First Trust Advisors LP now owns 172,311 shares of the company's stock valued at $21,896,000 after acquiring an additional 29,704 shares during the period. Finally, Tower Research Capital LLC TRC lifted its holdings in shares of Sprouts Farmers Market by 182.2% in the 4th quarter. Tower Research Capital LLC TRC now owns 7,786 shares of the company's stock worth $989,000 after acquiring an additional 5,027 shares during the last quarter.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on SFM. Barclays upgraded shares of 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 report on Thursday, July 31st. Evercore ISI dropped their price objective on Sprouts Farmers Market from $195.00 to $190.00 and set an "outperform" rating for the company in a research note on Tuesday, August 12th. UBS Group set a $180.00 price objective on Sprouts Farmers Market in a report on Thursday, July 31st. JPMorgan Chase & Co. started coverage on Sprouts Farmers Market in a report on Wednesday. They set a "neutral" rating and a $159.00 target price for the company. Finally, Wall Street Zen raised Sprouts Farmers Market from a "hold" rating to a "buy" rating in a research report on Wednesday, April 23rd. Eight analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $173.73.

Sprouts Farmers Market Trading Up 2.6%

NASDAQ:SFM opened at $151.06 on Thursday. Sprouts Farmers Market, Inc. has a 12-month low of $95.25 and a 12-month high of $182.00. The firm has a market cap of $14.76 billion, a PE ratio of 31.08, a price-to-earnings-growth ratio of 1.66 and a beta of 0.78. The stock has a fifty day moving average price of $158.53 and a 200 day moving average price of $158.39.

Sprouts Farmers Market (NASDAQ:SFM - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The company reported $1.35 earnings per share for the quarter, topping the consensus estimate of $1.23 by $0.12. The company had revenue of $2.22 billion for the quarter, compared to the consensus estimate 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 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 analysts forecast that Sprouts Farmers Market, Inc. will post 4.29 EPS for the current year.

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

Insider Transactions at Sprouts Farmers Market

In other news, insider Timmi Zalatoris sold 2,000 shares of the firm's stock in a transaction 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 sale, the insider directly owned 13,263 shares in the company, valued at approximately $2,180,171.94. This trade represents a 13.10% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Jack Sinclair sold 4,045 shares of Sprouts Farmers Market stock in a transaction on Monday, August 4th. The stock was sold at an average price of $156.76, for a total transaction of $634,094.20. Following the sale, the chief executive officer directly owned 174,740 shares of the company's stock, valued at approximately $27,392,242.40. This trade represents a 2.26% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 55,589 shares of company stock valued at $8,926,483 over the last quarter. Insiders own 1.10% of the company's stock.

About Sprouts Farmers Market

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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