Sprouts Farmers Market (NASDAQ:SFM) Earns Buy (B-) Rating from Weiss Ratings

Key Points

• Sprouts Farmers Market received a buy (B-) rating from Weiss Ratings, indicating analyst confidence in the stock's performance.
• The company's stock price is currently trending upwards, increasing 3.9% recently, with shares trading at approximately $110.71.
• Sprouts Farmers Market reported a strong quarterly performance with an earnings per share of $1.35, surpassing estimates and showcasing a 17.3% year-over-year revenue growth.

Sprouts Farmers Market (NASDAQ:SFM - Get Free Report)'s stock had its "buy (b-)" rating reiterated by stock analysts at Weiss Ratings in a research report issued to clients and investors on Tuesday,Weiss Ratings reports.

SFM has been the topic of a number of other reports. Wells Fargo & Company raised shares of Sprouts Farmers Market from an "equal weight" rating to an "overweight" rating and lifted their price target for the stock from $175.00 to $180.00 in a research report on Tuesday, August 5th. Barclays upgraded shares of Sprouts Farmers Market from an "equal weight" rating to an "overweight" rating and upped their price objective for the stock from $173.00 to $185.00 in a report on Thursday, July 31st. Evercore ISI reduced their price target on shares of Sprouts Farmers Market from $190.00 to $185.00 and set an "outperform" rating on the stock in a research report on Tuesday. Wall Street Zen upgraded shares of Sprouts Farmers Market from a "hold" rating to a "buy" rating in a report on Sunday, September 21st. Finally, UBS Group set a $180.00 price target on shares of Sprouts Farmers Market in a research note on Thursday, July 31st. Ten investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. According to MarketBeat, Sprouts Farmers Market presently has a consensus rating of "Moderate Buy" and a consensus target price of $176.29.

Sprouts Farmers Market Stock Up 3.9%

NASDAQ SFM traded up $4.12 during trading hours on Tuesday, hitting $110.71. 1,870,444 shares of the company were exchanged, compared to its average volume of 1,826,007. The company has a 50 day moving average of $130.43 and a two-hundred day moving average of $151.21. The firm has a market cap of $10.82 billion, a price-to-earnings ratio of 22.78, a PEG ratio of 1.16 and a beta of 0.77. Sprouts Farmers Market has a 52-week low of $98.75 and a 52-week high of $182.00.

Sprouts Farmers Market (NASDAQ:SFM - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The company reported $1.35 earnings per share for the quarter, beating the consensus estimate of $1.23 by $0.12. Sprouts Farmers Market had a return on equity of 36.53% and a net margin of 5.77%.The firm had revenue of $2.22 billion during the quarter, compared to the consensus estimate of $2.16 billion. During the same period last year, the business posted $0.94 EPS. Sprouts Farmers Market's quarterly revenue was up 17.3% on a year-over-year basis. 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 will post 4.29 EPS for the current year.

Sprouts Farmers Market declared that its Board of Directors has authorized a share repurchase program on Tuesday, August 19th that allows the company to buyback $0.00 in outstanding shares. This buyback authorization allows the company to reacquire shares of its stock through open market purchases. Shares buyback programs are usually an indication that the company's leadership believes its shares are undervalued.

Insider Activity

In other news, insider Dustin Hamilton sold 7,200 shares of the business's stock in a transaction dated Thursday, September 11th. The stock was sold at an average price of $138.95, for a total transaction of $1,000,440.00. Following the sale, the insider directly 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 transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CTO James H. Bahrenburg sold 4,292 shares of the firm's stock in a transaction dated Friday, September 12th. The shares were sold at an average price of $137.06, for a total value of $588,261.52. Following the completion of the sale, the chief technology officer owned 9,167 shares of the company's stock, valued at approximately $1,256,429.02. This represents a 31.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 37,561 shares of company stock valued at $5,257,184. Corporate insiders own 1.10% of the company's stock.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the company. Unified Investment Management raised its stake in Sprouts Farmers Market by 0.9% during the second 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. Chicago Partners Investment Group LLC lifted its holdings in shares of Sprouts Farmers Market by 0.6% during the 2nd quarter. Chicago Partners Investment Group LLC now owns 10,355 shares of the company's stock worth $1,691,000 after acquiring an additional 65 shares during the period. Rossby Financial LCC raised its holdings in Sprouts Farmers Market by 2.3% in the second quarter. Rossby Financial LCC now owns 3,059 shares of the company's stock valued at $504,000 after buying an additional 68 shares during the period. J.W. Cole Advisors Inc. grew its position in shares of Sprouts Farmers Market by 0.8% during the second quarter. J.W. Cole Advisors Inc. now owns 9,069 shares of the company's stock worth $1,493,000 after buying an additional 69 shares in the last quarter. Finally, Alteri Wealth LLC lifted its stake in Sprouts Farmers Market by 1.0% in the second quarter. Alteri Wealth LLC now owns 7,627 shares of the company's stock valued at $1,256,000 after buying an additional 72 shares during the last quarter.

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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