Sprouts Farmers Market (NASDAQ:SFM) Insider Dustin Hamilton Sells 868 Shares

Key Points

• Dustin Hamilton, an insider at Sprouts Farmers Market, sold 868 shares at an average price of $108.50, totaling $94,178, which decreased his direct ownership by 5.31%.
• The company's stock has seen a 12-month low of $98.75 and a high of $182.00, currently trading at $111.55.
• Sprouts Farmers Market reported a 17.3% year-over-year increase in revenue for the last quarter, with earnings per share of $1.35 beating expectations.

Sprouts Farmers Market, Inc. (NASDAQ:SFM - Get Free Report) insider Dustin Hamilton sold 868 shares of the company's stock in a transaction dated Tuesday, October 14th. The stock was sold at an average price of $108.50, for a total transaction of $94,178.00. Following the sale, the insider directly owned 15,481 shares of the company's stock, valued at $1,679,688.50. This represents a 5.31% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Dustin Hamilton also recently made the following trade(s):

• On Thursday, September 11th, Dustin Hamilton sold 7,200 shares of Sprouts Farmers Market stock. The stock was sold at an average price of $138.95, for a total transaction of $1,000,440.00.
• On Friday, September 5th, Dustin Hamilton sold 346 shares of Sprouts Farmers Market stock. The stock was sold at an average price of $140.15, for a total transaction of $48,491.90.

Sprouts Farmers Market Price Performance

SFM traded down $2.57 on Thursday, hitting $111.55. 2,278,113 shares of the stock were exchanged, compared to its average volume of 2,704,107. Sprouts Farmers Market, Inc. has a 12 month low of $98.75 and a 12 month high of $182.00. The business has a 50-day moving average of $128.14 and a two-hundred day moving average of $150.39. The firm has a market capitalization of $10.90 billion, a price-to-earnings ratio of 22.95, a PEG ratio of 1.29 and a beta of 0.77.

Sprouts Farmers Market (NASDAQ:SFM - Get Free Report) last posted its quarterly earnings data 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. Sprouts Farmers Market had a net margin of 5.77% and a return on equity of 36.53%. The business had revenue of $2.22 billion during the quarter, compared to analysts' expectations of $2.16 billion. During the same quarter in the prior year, the business posted $0.94 earnings per share. Sprouts Farmers Market's revenue was up 17.3% compared to the same quarter last year. 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 research analysts expect that Sprouts Farmers Market, Inc. will post 4.29 earnings per share for the current fiscal year.

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

Wall Street Analyst Weigh In

Several research analysts have commented on SFM shares. Evercore ISI lowered their target price on Sprouts Farmers Market from $190.00 to $185.00 and set an "outperform" rating for the company in a research note on Tuesday. Wall Street Zen raised Sprouts Farmers Market from a "hold" rating to a "buy" rating in a research note on Sunday, September 21st. 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 for the company. UBS Group set a $180.00 target price on Sprouts Farmers Market in a research note on Thursday, July 31st. Finally, Weiss Ratings reissued a "buy (b-)" rating on shares of Sprouts Farmers Market in a research note on Tuesday. Ten analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, Sprouts Farmers Market has a consensus rating of "Moderate Buy" and an average target price of $176.29.

Institutional Trading of Sprouts Farmers Market

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Newbridge Financial Services Group Inc. acquired a new stake in Sprouts Farmers Market during the 2nd quarter valued at approximately $29,000. Dogwood Wealth Management LLC acquired a new stake in Sprouts Farmers Market during the 1st quarter valued at approximately $30,000. Truvestments Capital LLC acquired a new stake in Sprouts Farmers Market during the 1st quarter valued at approximately $35,000. SVB Wealth LLC acquired a new stake in Sprouts Farmers Market during the 1st quarter valued at approximately $36,000. Finally, Brooklyn Investment Group grew its position in shares of Sprouts Farmers Market by 12,100.0% during the 1st quarter. Brooklyn Investment Group now owns 244 shares of the company's stock worth $37,000 after buying an additional 242 shares during the period.

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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