Sprouts Farmers Market, Inc. $SFM Shares Sold by New York State Teachers Retirement System

New York State Teachers Retirement System decreased its position in Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 0.4% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 94,352 shares of the company’s stock after selling 384 shares during the period. New York State Teachers Retirement System’s holdings in Sprouts Farmers Market were worth $15,534,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Dogwood Wealth Management LLC bought a new position in Sprouts Farmers Market in the 1st quarter worth approximately $30,000. Truvestments Capital LLC acquired a new position in Sprouts Farmers Market during the 1st quarter worth $35,000. SVB Wealth LLC bought a new position in shares of Sprouts Farmers Market in the first quarter worth $36,000. Brooklyn Investment Group increased its holdings in shares of Sprouts Farmers Market by 12,100.0% during the first quarter. Brooklyn Investment Group now owns 244 shares of the company’s stock valued at $37,000 after purchasing an additional 242 shares during the period. Finally, Global Trust Asset Management LLC increased its holdings in shares of Sprouts Farmers Market by 520.8% during the second quarter. Global Trust Asset Management LLC now owns 298 shares of the company’s stock valued at $49,000 after purchasing an additional 250 shares during the period.

Sprouts Farmers Market Price Performance

NASDAQ SFM opened at $111.78 on Friday. Sprouts Farmers Market, Inc. has a 12 month low of $98.75 and a 12 month high of $182.00. The company has a market capitalization of $10.92 billion, a P/E ratio of 23.00, a PEG ratio of 1.26 and a beta of 0.77. The company’s 50 day simple moving average is $127.39 and its 200 day simple moving average is $150.03.

Sprouts Farmers Market (NASDAQ:SFM) last posted its quarterly 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 net margin of 5.77% and a return on equity of 36.53%. The firm had revenue of $2.22 billion for the quarter, compared to analyst estimates of $2.16 billion. During the same quarter in the previous year, the business posted $0.94 earnings per share. The firm’s quarterly 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. On average, analysts anticipate that Sprouts Farmers Market, Inc. will post 4.29 earnings per share for the current year.

Sprouts Farmers Market announced that its Board of Directors has initiated a stock repurchase plan on Tuesday, August 19th that permits the company to buyback $0.00 in outstanding shares. This buyback authorization permits the company to repurchase shares of its stock through open market purchases. Shares buyback plans are generally an indication that the company’s leadership believes its shares are undervalued.

Insiders Place Their Bets

In related news, CEO Jack Sinclair sold 4,045 shares of Sprouts Farmers Market stock in a transaction dated Monday, October 6th. The stock was sold at an average price of $103.00, for a total value of $416,635.00. Following the transaction, the chief executive officer owned 174,740 shares of the company’s stock, valued at approximately $17,998,220. This trade represents a 2.26% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, 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 value of $1,000,440.00. Following the sale, the insider owned 16,349 shares in the company, valued at approximately $2,271,693.55. The trade was a 30.57% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 38,429 shares of company stock worth $5,351,362 over the last three months. Company insiders own 1.10% of the company’s stock.

Wall Street Analyst Weigh In

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

Sprouts Farmers Market 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.