James Bahrenburg Sells 4,292 Shares of Sprouts Farmers Market (NASDAQ:SFM) Stock

Key Points

• James Bahrenburg, CTO of Sprouts Farmers Market, sold 4,292 shares at an average price of $137.06, decreasing his position by 31.89%.
• Sprouts Farmers Market recently posted $1.35 EPS for Q2, surpassing analyst expectations, and announced FY 2025 guidance at 5.200-5.320 EPS.
• Multiple analysts upgraded Sprouts Farmers Market with price targets up to $190, indicating a positive outlook for the company.

Sprouts Farmers Market, Inc. (NASDAQ:SFM - Get Free Report) CTO James Bahrenburg sold 4,292 shares of Sprouts Farmers Market stock in a transaction that occurred on Friday, September 12th. The stock was sold at an average price of $137.06, for a total value of $588,261.52. Following the transaction, the chief technology officer directly owned 9,167 shares in the company, valued at approximately $1,256,429.02. This trade represents a 31.89% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Sprouts Farmers Market Price Performance

Shares of NASDAQ:SFM traded down $7.10 during trading on Monday, reaching $128.88. The company had a trading volume of 2,530,923 shares, compared to its average volume of 1,532,315. The firm has a market capitalization of $12.60 billion, a price-to-earnings ratio of 27.98, a price-to-earnings-growth ratio of 1.54 and a beta of 0.87. The stock's fifty day moving average price is $150.33 and its 200 day moving average price is $155.42. Sprouts Farmers Market, Inc. has a fifty-two week low of $101.80 and a fifty-two week high of $182.00.

Sprouts Farmers Market (NASDAQ:SFM - Get Free Report) last released its earnings results on Wednesday, July 30th. The company reported $1.35 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.23 by $0.12. The business had revenue of $2.22 billion for 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%.The company's revenue for the quarter was up 17.3% compared to the same quarter last year. During the same quarter in the previous year, the company 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, equities 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 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 repurchase 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.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the company. Wells Fargo & Company upgraded Sprouts Farmers Market from an "equal weight" rating to an "overweight" rating and lifted their price target for the company from $175.00 to $180.00 in a research note on Tuesday, August 5th. UBS Group set a $180.00 price target on Sprouts Farmers Market in a research note on Thursday, July 31st. Barclays upgraded Sprouts Farmers Market from an "equal weight" rating to an "overweight" rating and lifted their price target for the company from $173.00 to $185.00 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 target on the stock in a research note on Friday, August 1st. Finally, 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. Eight research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $173.73.

Hedge Funds Weigh In On Sprouts Farmers Market

Institutional investors have recently made changes to their positions in the stock. Sowell Financial Services LLC acquired a new position in shares of Sprouts Farmers Market in the first quarter worth $270,000. Maverick Capital Ltd. acquired a new position in Sprouts Farmers Market in the first quarter valued at $8,341,000. Two Sigma Investments LP increased its stake in Sprouts Farmers Market by 21.3% in the fourth quarter. Two Sigma Investments LP now owns 12,890 shares of the company's stock valued at $1,638,000 after purchasing an additional 2,261 shares during the last quarter. Anderson Hoagland & Co. acquired a new position in Sprouts Farmers Market in the first quarter valued at $2,866,000. Finally, Charles Schwab Investment Management Inc. increased its stake in Sprouts Farmers Market by 1.0% in the first quarter. Charles Schwab Investment Management Inc. now owns 997,152 shares of the company's stock valued at $152,205,000 after purchasing an additional 10,059 shares during the last quarter.

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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