Profund Advisors LLC Sells 2,048 Shares of Sprouts Farmers Market, Inc. $SFM

Profund Advisors LLC cut its holdings in Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 47.5% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,267 shares of the company’s stock after selling 2,048 shares during the period. Profund Advisors LLC’s holdings in Sprouts Farmers Market were worth $373,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. New York State Common Retirement Fund lifted its position in shares of Sprouts Farmers Market by 1.0% during the first quarter. New York State Common Retirement Fund now owns 111,898 shares of the company’s stock worth $17,080,000 after acquiring an additional 1,106 shares in the last quarter. CWM LLC raised its stake in shares of Sprouts Farmers Market by 8.9% during the 1st quarter. CWM LLC now owns 2,801 shares of the company’s stock valued at $428,000 after purchasing an additional 230 shares during the period. Signaturefd LLC lifted its holdings in Sprouts Farmers Market by 12.3% during the 1st quarter. Signaturefd LLC now owns 3,645 shares of the company’s stock worth $556,000 after purchasing an additional 399 shares in the last quarter. Sigma Planning Corp bought a new position in Sprouts Farmers Market in the 1st quarter worth about $270,000. Finally, SBI Securities Co. Ltd. grew its holdings in Sprouts Farmers Market by 154.5% during the 1st quarter. SBI Securities Co. Ltd. now owns 1,028 shares of the company’s stock valued at $157,000 after buying an additional 624 shares in the last quarter.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on SFM. Bank of America lowered their price target on shares of Sprouts Farmers Market from $200.00 to $160.00 and set a “buy” rating on the stock in a report on Thursday, October 23rd. The Goldman Sachs Group reduced their price target on shares of Sprouts Farmers Market from $178.00 to $152.00 and set a “buy” rating for the company in a research report on Thursday, October 30th. Weiss Ratings cut shares of Sprouts Farmers Market from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, October 30th. Wall Street Zen downgraded Sprouts Farmers Market from a “buy” rating to a “hold” rating in a research report on Monday, November 3rd. Finally, Evercore ISI reduced their target price on Sprouts Farmers Market from $175.00 to $130.00 and set an “outperform” rating for the company in a research report on Monday, October 27th. Nine analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $137.86.

Insider Transactions at Sprouts Farmers Market

In related news, SVP Kim Coffin sold 651 shares of the business’s stock in a transaction that occurred on Thursday, August 28th. The stock was sold at an average price of $141.58, for a total value of $92,168.58. Following the completion of the sale, the senior vice president owned 11,235 shares in the company, valued at $1,590,651.30. The trade was a 5.48% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CTO James H. Bahrenburg sold 4,292 shares of the company’s stock in a transaction that occurred on Friday, September 12th. The stock was sold at an average price of $137.06, for a total value of $588,261.52. Following the completion of the sale, the chief technology officer directly owned 9,167 shares of the company’s stock, valued at approximately $1,256,429.02. This represents a 31.89% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 21,447 shares of company stock valued at $2,800,812. 1.10% of the stock is currently owned by corporate insiders.

Sprouts Farmers Market Stock Performance

NASDAQ SFM opened at $81.69 on Friday. Sprouts Farmers Market, Inc. has a 52-week low of $75.75 and a 52-week high of $182.00. The company has a fifty day moving average of $107.37 and a 200-day moving average of $141.47. The company has a market capitalization of $7.95 billion, a P/E ratio of 15.80, a P/E/G ratio of 1.18 and a beta of 0.72.

Sprouts Farmers Market (NASDAQ:SFM) last released its quarterly earnings results on Wednesday, October 29th. The company reported $1.22 earnings per share for the quarter, beating analysts’ consensus estimates of $1.17 by $0.05. Sprouts Farmers Market had a return on equity of 38.83% and a net margin of 5.93%.The business had revenue of $2.20 billion for the quarter, compared to the consensus estimate of $2.23 billion. During the same quarter last year, the business posted $0.91 earnings per share. The company’s revenue for the quarter 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. As a group, analysts forecast that Sprouts Farmers Market, Inc. will post 4.29 EPS for the current fiscal year.

Sprouts Farmers Market declared that its board has approved a stock buyback plan on Tuesday, August 19th that allows the company to buyback $0.00 in outstanding shares. This buyback authorization allows the company to reacquire shares of its stock through open market purchases. Shares buyback plans are often an indication that the company’s board believes its shares are undervalued.

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.