State Board of Administration of Florida Retirement System Boosts Stock Position in Sprouts Farmers Market, Inc. $SFM

State Board of Administration of Florida Retirement System increased its holdings in Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 165.2% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 61,507 shares of the company’s stock after purchasing an additional 38,313 shares during the period. State Board of Administration of Florida Retirement System owned approximately 0.06% of Sprouts Farmers Market worth $10,127,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of SFM. Truvestments Capital LLC bought a new stake in shares of Sprouts Farmers Market in the 1st quarter worth about $35,000. SVB Wealth LLC purchased a new position in Sprouts Farmers Market in the first quarter worth about $36,000. Brooklyn Investment Group grew its position in Sprouts Farmers Market by 12,100.0% in the first quarter. Brooklyn Investment Group now owns 244 shares of the company’s stock worth $37,000 after acquiring an additional 242 shares in the last quarter. Global Trust Asset Management LLC grew its position in Sprouts Farmers Market by 520.8% in the second quarter. Global Trust Asset Management LLC now owns 298 shares of the company’s stock worth $49,000 after acquiring an additional 250 shares in the last quarter. Finally, Cullen Frost Bankers Inc. increased its stake in Sprouts Farmers Market by 60.5% during the second quarter. Cullen Frost Bankers Inc. now owns 419 shares of the company’s stock worth $69,000 after acquiring an additional 158 shares during the last quarter.

Insider Activity at Sprouts Farmers Market

In related news, CTO James H. Bahrenburg sold 4,292 shares of the 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 transaction, the chief technology officer owned 9,167 shares of the company’s stock, valued at $1,256,429.02. This represents a 31.89% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Dustin Hamilton sold 868 shares of the firm’s stock in a transaction on Tuesday, October 14th. The stock was sold at an average price of $108.50, for a total value of $94,178.00. Following the transaction, the insider owned 15,481 shares in the company, valued at $1,679,688.50. The trade was a 5.31% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 16,751 shares of company stock worth $2,148,006 in the last 90 days. 1.10% of the stock is owned by corporate insiders.

Sprouts Farmers Market Stock Down 1.2%

Shares of Sprouts Farmers Market stock opened at $84.81 on Wednesday. The stock’s fifty day moving average is $95.16 and its two-hundred day moving average is $133.45. The company has a market capitalization of $8.26 billion, a PE ratio of 16.40, a price-to-earnings-growth 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 released its earnings results on Wednesday, October 29th. The company reported $1.22 earnings per share for the quarter, topping the consensus estimate of $1.17 by $0.05. The business had revenue of $2.20 billion during 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 for the quarter was up 13.1% compared to the same quarter last year. During the same period last year, the company earned $0.91 earnings per share. Sprouts Farmers Market has set its FY 2025 guidance at 5.240-5.280 EPS and its Q4 2025 guidance at 0.860-0.900 EPS. As a group, research 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 authorized a stock buyback program on Tuesday, August 19th that permits the company to repurchase $0.00 in shares. This repurchase authorization permits the company to purchase shares of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s management believes its shares are undervalued.

Analysts Set New Price Targets

Several research firms have recently issued reports on SFM. Evercore ISI lowered their price objective on Sprouts Farmers Market from $175.00 to $130.00 and set an “outperform” rating for the company in a research note on Monday, October 27th. Royal Bank Of Canada lowered their price target on Sprouts Farmers Market from $148.00 to $140.00 and set an “outperform” rating for the company in a research report on Thursday, October 30th. UBS Group set a $108.00 price objective on shares of Sprouts Farmers Market in a research note on Thursday, October 30th. BMO Capital Markets set a $90.00 target price on shares of Sprouts Farmers Market in a research note on Thursday, October 30th. Finally, Wall Street Zen lowered shares of Sprouts Farmers Market from a “buy” rating to a “hold” rating in a report on Monday, November 3rd. Nine analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $137.86.

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.