Blue Trust Inc. Reduces Stake in Sprouts Farmers Market, Inc. $SFM

Blue Trust Inc. reduced its position in Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 6.4% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,918 shares of the company’s stock after selling 132 shares during the period. Blue Trust Inc.’s holdings in Sprouts Farmers Market were worth $316,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Dogwood Wealth Management LLC bought a new position in Sprouts Farmers Market in the 1st quarter worth $30,000. Truvestments Capital LLC bought a new position in Sprouts Farmers Market in the 1st quarter worth $35,000. SVB Wealth LLC bought a new position in Sprouts Farmers Market in the 1st quarter worth $36,000. Brooklyn Investment Group raised its holdings in Sprouts Farmers Market by 12,100.0% in the 1st quarter. Brooklyn Investment Group now owns 244 shares of the company’s stock worth $37,000 after purchasing an additional 242 shares during the period. Finally, Global Trust Asset Management LLC raised its holdings in Sprouts Farmers Market by 520.8% in the 2nd quarter. Global Trust Asset Management LLC now owns 298 shares of the company’s stock worth $49,000 after purchasing an additional 250 shares during the period.

Sprouts Farmers Market Trading Up 4.3%

Shares of SFM stock opened at $111.13 on Wednesday. Sprouts Farmers Market, Inc. has a 12-month low of $98.75 and a 12-month high of $182.00. The stock’s 50-day moving average price is $129.66 and its 200-day moving average price is $150.93. The stock has a market capitalization of $10.86 billion, a price-to-earnings ratio of 22.87, a price-to-earnings-growth ratio of 1.20 and a beta of 0.77.

Sprouts Farmers Market (NASDAQ:SFM) last issued its earnings results on Wednesday, July 30th. The company reported $1.35 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to analysts’ expectations of $2.16 billion. During the same period in the previous year, the firm posted $0.94 earnings per share. The business’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. As a group, research analysts predict that Sprouts Farmers Market, Inc. will post 4.29 EPS for the current fiscal year.

Sprouts Farmers Market announced that its Board of Directors has authorized a stock buyback program on Tuesday, August 19th that authorizes the company to buyback $0.00 in outstanding shares. This buyback authorization authorizes the company to purchase shares of its stock through open market purchases. Shares buyback programs are typically a sign that the company’s board of directors believes its stock is undervalued.

Insider Buying and Selling

In other Sprouts Farmers Market news, Director Joe Fortunato sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $147.57, for a total transaction of $1,475,700.00. Following the sale, the director directly owned 18,164 shares of the company’s stock, valued at $2,680,461.48. The trade was a 35.51% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Jack Sinclair sold 4,045 shares of the business’s stock in a transaction that occurred on Monday, October 6th. The stock was sold at an average price of $103.00, for a total value of $416,635.00. Following the sale, the chief executive officer directly owned 174,740 shares in the company, valued at $17,998,220. The trade was a 2.26% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 37,561 shares of company stock valued at $5,257,184 in the last quarter. 1.10% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities research analysts have commented on SFM shares. Jefferies Financial Group raised Sprouts Farmers Market from a “hold” rating to a “buy” rating and set a $190.00 price target on the stock in a report on Friday, August 1st. JPMorgan Chase & Co. started coverage on Sprouts Farmers Market in a report on Wednesday, August 20th. They set a “neutral” rating and a $159.00 price target on the stock. Evercore ISI decreased their price target on Sprouts Farmers Market from $190.00 to $185.00 and set an “outperform” rating on the stock in a report on Tuesday. Barclays raised Sprouts Farmers Market from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $173.00 to $185.00 in a report on Thursday, July 31st. Finally, Wells Fargo & Company raised Sprouts Farmers Market from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $175.00 to $180.00 in a report on Tuesday, August 5th. Ten investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $176.29.

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.