White Pine Investment CO Has $12.74 Million Stock Position in Sprouts Farmers Market, Inc. $SFM

Key Points

• White Pine Investment CO reduced its holdings in Sprouts Farmers Market by 7.0% in the second quarter, owning 77,399 shares valued at approximately $12.74 million, making it the sixth-largest position in their portfolio.
• Insider transactions indicate a significant reduction in ownership as Dustin Hamilton and Joe Fortunato sold a combined total of 17,200 shares, reflecting a decline of over 30% in their respective stakes.
• The stock has faced analysts' mixed opinions, with Evercore ISI lowering its target price while firms like Wells Fargo upgraded their ratings, resulting in an average target price of $178.64 and a consensus rating of "Moderate Buy."

White Pine Investment CO cut its holdings in Sprouts Farmers Market, Inc. (NASDAQ:SFM - Free Report) by 7.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 77,399 shares of the company's stock after selling 5,864 shares during the period. Sprouts Farmers Market comprises approximately 3.2% of White Pine Investment CO's portfolio, making the stock its 6th biggest holding. White Pine Investment CO owned about 0.08% of Sprouts Farmers Market worth $12,743,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Unified Investment Management raised its stake in shares of Sprouts Farmers Market by 0.9% during the 2nd quarter. Unified Investment Management now owns 7,326 shares of the company's stock worth $1,206,000 after purchasing an additional 65 shares during the period. Crossmark Global Holdings Inc. raised its stake in shares of Sprouts Farmers Market by 1.2% during the 1st quarter. Crossmark Global Holdings Inc. now owns 7,201 shares of the company's stock worth $1,099,000 after purchasing an additional 84 shares during the period. Whipplewood Advisors LLC raised its stake in shares of Sprouts Farmers Market by 92.0% during the 1st quarter. Whipplewood Advisors LLC now owns 192 shares of the company's stock worth $29,000 after purchasing an additional 92 shares during the period. Avantax Advisory Services Inc. raised its stake in shares of Sprouts Farmers Market by 2.1% during the 1st quarter. Avantax Advisory Services Inc. now owns 4,899 shares of the company's stock worth $748,000 after purchasing an additional 99 shares during the period. Finally, Linden Thomas Advisory Services LLC raised its stake in shares of Sprouts Farmers Market by 3.0% during the 1st quarter. Linden Thomas Advisory Services LLC now owns 3,492 shares of the company's stock worth $533,000 after purchasing an additional 102 shares during the period.

Insider Transactions at Sprouts Farmers Market

In other Sprouts Farmers Market news, insider Dustin Hamilton sold 7,200 shares of the business's stock in a transaction that occurred on Thursday, September 11th. The stock was sold at an average price of $138.95, for a total value of $1,000,440.00. Following the completion of the sale, the insider owned 16,349 shares in the company, valued at approximately $2,271,693.55. The trade was a 30.57% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Joe Fortunato sold 10,000 shares of the company's stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $147.57, for a total value of $1,475,700.00. Following the transaction, the director owned 18,164 shares of the company's stock, valued at approximately $2,680,461.48. This represents a 35.51% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 37,561 shares of company stock valued at $5,499,641. Insiders own 1.10% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on SFM. Evercore ISI lowered their target price on Sprouts Farmers Market from $195.00 to $190.00 and set an "outperform" rating on the stock in a research note on Tuesday, August 12th. JPMorgan Chase & Co. started coverage on Sprouts Farmers Market in a research note on Wednesday, August 20th. They set a "neutral" rating and a $159.00 target price on the stock. Royal Bank Of Canada boosted their price objective on Sprouts Farmers Market from $173.00 to $176.00 and gave the company a "sector perform" rating in a research note 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 note on Friday, August 1st. Finally, Wells Fargo & Company upgraded Sprouts Farmers Market from an "equal weight" rating to an "overweight" rating and boosted their price objective for the company from $175.00 to $180.00 in a research note on Tuesday, August 5th. Eight investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, Sprouts Farmers Market currently has a consensus rating of "Moderate Buy" and an average target price of $178.64.

Sprouts Farmers Market Stock Down 0.4%

SFM stock opened at $109.45 on Tuesday. Sprouts Farmers Market, Inc. has a twelve month low of $107.42 and a twelve month high of $182.00. The firm has a market capitalization of $10.70 billion, a PE ratio of 22.52, a PEG ratio of 1.24 and a beta of 0.87. The stock has a 50-day simple moving average of $141.18 and a two-hundred day simple moving average of $153.96.

Sprouts Farmers Market (NASDAQ:SFM - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The company reported $1.35 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 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 previous 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 anticipate that Sprouts Farmers Market, Inc. will post 4.29 EPS for the current fiscal year.

Sprouts Farmers Market announced that its board has approved a share repurchase program on Tuesday, August 19th that authorizes the company to repurchase $0.00 in outstanding shares. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Shares repurchase programs are usually an indication that the company's management believes its stock is undervalued.

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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