Sprouts Farmers Market, Inc. $SFM Shares Bought by Amalgamated Bank

Amalgamated Bank lifted its holdings in Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 11.9% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 49,295 shares of the company’s stock after purchasing an additional 5,257 shares during the period. Amalgamated Bank owned about 0.05% of Sprouts Farmers Market worth $8,116,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Dogwood Wealth Management LLC acquired a new position in shares of Sprouts Farmers Market in the 1st quarter worth approximately $30,000. Truvestments Capital LLC acquired a new position in shares of Sprouts Farmers Market in the 1st quarter worth approximately $35,000. SVB Wealth LLC acquired a new position in shares of Sprouts Farmers Market in the 1st quarter worth approximately $36,000. Brooklyn Investment Group grew its stake in shares of 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 last quarter. Finally, Global Trust Asset Management LLC grew its stake in shares of 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 last quarter.

Sprouts Farmers Market Stock Performance

Shares of SFM opened at $78.96 on Friday. The company’s 50 day moving average price is $118.35 and its 200 day moving average price is $146.59. Sprouts Farmers Market, Inc. has a 52 week low of $75.75 and a 52 week high of $182.00. The company has a market capitalization of $7.72 billion, a PE ratio of 15.27, a PEG ratio of 1.18 and a beta of 0.77.

Sprouts Farmers Market (NASDAQ:SFM) last announced its quarterly earnings data on Wednesday, October 29th. The company reported $1.22 EPS for the quarter, beating analysts’ consensus estimates of $1.17 by $0.05. Sprouts Farmers Market had a net margin of 5.93% and a return on equity of 38.83%. The firm had revenue of $2.20 billion for the quarter, compared to the consensus estimate of $2.23 billion. During the same period in the previous year, the firm posted $0.91 earnings per share. The firm’s revenue was up 13.1% on a year-over-year basis. Sprouts Farmers Market has set its FY 2025 guidance at 5.240-5.280 EPS. Q4 2025 guidance at 0.860-0.900 EPS. On average, equities analysts forecast 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 share buyback plan on Tuesday, August 19th that authorizes the company to buyback $0.00 in outstanding shares. This buyback authorization authorizes the company to buy shares of its stock through open market purchases. Shares buyback plans are often an indication that the company’s board believes its stock is undervalued.

Wall Street Analyst Weigh In

SFM has been the topic of several recent research reports. Weiss Ratings cut shares of Sprouts Farmers Market from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday. Evercore ISI dropped their target price on shares of Sprouts Farmers Market from $175.00 to $130.00 and set an “outperform” rating on the stock in a research report on Monday. JPMorgan Chase & Co. dropped their target price on shares of Sprouts Farmers Market from $124.00 to $91.00 and set a “neutral” rating on the stock in a research report on Thursday. Wall Street Zen raised shares of Sprouts Farmers Market from a “hold” rating to a “buy” rating in a research report on Sunday, October 26th. Finally, Royal Bank Of Canada dropped their target price on shares of Sprouts Farmers Market from $148.00 to $140.00 and set an “outperform” rating on the stock in a research report on Thursday. Nine investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $137.86.

Insider Transactions at Sprouts Farmers Market

In other Sprouts Farmers Market news, CEO Jack Sinclair sold 4,045 shares of Sprouts Farmers Market stock in a transaction that occurred on Monday, October 6th. The shares were sold at an average price of $103.00, for a total value of $416,635.00. Following the completion of 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Kim Coffin sold 651 shares of Sprouts Farmers Market stock in a transaction that occurred on Thursday, August 28th. The shares were sold at an average price of $141.58, for a total transaction of $92,168.58. Following the completion of the sale, the senior vice president owned 11,235 shares of the company’s stock, valued at $1,590,651.30. This trade represents a 5.48% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 38,429 shares of company stock valued at $5,351,362. Insiders own 1.10% of the company’s stock.

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.