Sprouts Farmers Market (NASDAQ:SFM) Insider Sells $48,491.90 in Stock

Key Points

• Dustin Hamilton, an insider at Sprouts Farmers Market, sold 346 shares of the company's stock worth $48,491.90, reducing his ownership by 1.45%. Following the sale, Hamilton still holds 23,549 shares valued at approximately $3.3 million.
• Sprouts Farmers Market reported earnings of $1.35 per share for the last quarter, exceeding analysts' expectations by $0.12, with revenues reaching $2.22 billion, up 17.3% year-over-year.
• Analysts have mixed ratings on Sprouts, with a consensus rating of "Moderate Buy" and an average price target of $173.73, while some firms raised their target prices, indicating confidence in the company's stock performance.

Sprouts Farmers Market, Inc. (NASDAQ:SFM - Get Free Report) insider Dustin Hamilton sold 346 shares of the firm's stock in a transaction that occurred on Friday, September 5th. The stock was sold at an average price of $140.15, for a total transaction of $48,491.90. Following the sale, the insider owned 23,549 shares of the company's stock, valued at approximately $3,300,392.35. This represents a 1.45% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Sprouts Farmers Market Trading Down 2.4%

NASDAQ SFM traded down $3.35 during trading on Tuesday, reaching $136.01. The company's stock had a trading volume of 1,711,736 shares, compared to its average volume of 1,522,769. The stock has a market capitalization of $13.29 billion, a PE ratio of 27.99, a PEG ratio of 1.57 and a beta of 0.86. The business has a 50-day moving average price of $152.58 and a 200-day moving average price of $155.69. Sprouts Farmers Market, Inc. has a 1-year low of $98.56 and a 1-year high of $182.00.

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

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

Analyst Upgrades and Downgrades

A number of research firms have issued reports on SFM. Evercore ISI reduced their target price on shares of 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. Royal Bank Of Canada lifted their target price on shares of 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 shares of Sprouts Farmers Market from a "hold" rating to a "buy" rating and set a $190.00 target price for the company in a research note on Friday, August 1st. JPMorgan Chase & Co. started coverage on shares of Sprouts Farmers Market in a research note on Wednesday, August 20th. They issued a "neutral" rating and a $159.00 price objective for the company. Finally, Barclays upgraded shares of Sprouts Farmers Market from an "equal weight" rating to an "overweight" rating and boosted their price objective for the stock from $173.00 to $185.00 in a research note on Thursday, July 31st. Eight equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $173.73.

Hedge Funds Weigh In On Sprouts Farmers Market

Large investors have recently bought and sold shares of the stock. Newbridge Financial Services Group Inc. acquired a new position in Sprouts Farmers Market during the 2nd quarter valued at $29,000. Whipplewood Advisors LLC raised its stake in Sprouts Farmers Market by 92.0% during the 1st quarter. Whipplewood Advisors LLC now owns 192 shares of the company's stock valued at $29,000 after purchasing an additional 92 shares during the last quarter. Dogwood Wealth Management LLC acquired a new position in Sprouts Farmers Market during the 1st quarter valued at $30,000. Truvestments Capital LLC acquired a new position in Sprouts Farmers Market during the 1st quarter valued at $35,000. Finally, SVB Wealth LLC acquired a new position in Sprouts Farmers Market during the 1st quarter valued at $36,000.

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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