Cozad Asset Management Inc. Acquires Shares of 6,250 Sprouts Farmers Market, Inc. $SFM

Cozad Asset Management Inc. acquired a new stake in Sprouts Farmers Market, Inc. (NASDAQ:SFM) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 6,250 shares of the company’s stock, valued at approximately $1,029,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of SFM. Wellington Management Group LLP lifted its position in Sprouts Farmers Market by 300.3% in the first quarter. Wellington Management Group LLP now owns 1,037,187 shares of the company’s stock worth $158,316,000 after buying an additional 778,079 shares during the last quarter. Nuveen LLC bought a new stake in shares of Sprouts Farmers Market in the 1st quarter worth about $106,852,000. Westfield Capital Management Co. LP bought a new stake in shares of Sprouts Farmers Market in the 1st quarter worth about $71,699,000. Alyeska Investment Group L.P. purchased a new position in shares of Sprouts Farmers Market during the 1st quarter worth about $55,711,000. Finally, ABN AMRO Bank N.V. bought a new position in Sprouts Farmers Market during the 2nd quarter valued at about $45,566,000.

Insider Buying and Selling at Sprouts Farmers Market

In related news, 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 transaction, the senior vice president directly 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 sale was disclosed in a filing with the SEC, which is available through this link. Also, CTO James H. Bahrenburg sold 4,292 shares of the business’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 transaction of $588,261.52. Following the completion of the transaction, the chief technology officer directly owned 9,167 shares of the company’s stock, valued at $1,256,429.02. This trade represents a 31.89% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 21,447 shares of company stock worth $2,800,812. Company insiders own 1.10% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have issued reports on SFM. Zacks Research downgraded shares of Sprouts Farmers Market from a “hold” rating to a “strong sell” rating in a research note on Friday, October 31st. BMO Capital Markets set a $90.00 price target on Sprouts Farmers Market in a report on Thursday, October 30th. The Goldman Sachs Group decreased their price target on Sprouts Farmers Market from $178.00 to $152.00 and set a “buy” rating for the company in a research note on Thursday, October 30th. Jefferies Financial Group upgraded Sprouts Farmers Market from a “hold” rating to a “buy” rating and set a $190.00 price objective for the company in a report on Friday, August 1st. Finally, Evercore ISI reduced their target price on Sprouts Farmers Market from $175.00 to $130.00 and set an “outperform” rating on the stock in a research note on Monday, October 27th. Nine analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $137.86.

Sprouts Farmers Market Stock Up 2.1%

SFM opened at $81.83 on Friday. The stock’s fifty day moving average is $100.72 and its two-hundred day moving average is $137.48. The company has a market capitalization of $7.97 billion, a P/E ratio of 15.83, a PEG ratio of 1.18 and a beta of 0.72. Sprouts Farmers Market, Inc. has a 52 week low of $75.75 and a 52 week high of $182.00.

Sprouts Farmers Market (NASDAQ:SFM) last posted its quarterly earnings results on Wednesday, October 29th. The company reported $1.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.17 by $0.05. The business had revenue of $2.20 billion for the quarter, compared to the consensus estimate of $2.23 billion. Sprouts Farmers Market had a return on equity of 38.83% and a net margin of 5.93%.The business’s revenue was up 13.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.91 EPS. Sprouts Farmers Market has set its FY 2025 guidance at 5.240-5.280 EPS. Q4 2025 guidance at 0.860-0.900 EPS. Equities analysts anticipate that Sprouts Farmers Market, Inc. will post 4.29 earnings per share for the current year.

Sprouts Farmers Market declared that its Board of Directors has initiated a share buyback plan on Tuesday, August 19th that authorizes the company to repurchase $0.00 in outstanding shares. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s management believes its stock is undervalued.

Sprouts Farmers Market Company 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.