Dynamic Technology Lab Private Ltd Has $4 Million Stake in Sprouts Farmers Market, Inc. $SFM

Dynamic Technology Lab Private Ltd lifted its holdings in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 6.9% in the 1st quarter, HoldingsChannel reports. The fund owned 26,204 shares of the company’s stock after purchasing an additional 1,689 shares during the period. Sprouts Farmers Market makes up approximately 0.6% of Dynamic Technology Lab Private Ltd’s investment portfolio, making the stock its 4th biggest holding. Dynamic Technology Lab Private Ltd’s holdings in Sprouts Farmers Market were worth $4,000,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Petrus Trust Company LTA bought a new stake in shares of Sprouts Farmers Market during the first quarter worth about $312,000. Murchinson Ltd. bought a new stake in shares of Sprouts Farmers Market during the first quarter worth about $763,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Sprouts Farmers Market by 4.1% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 68,946 shares of the company’s stock worth $10,524,000 after acquiring an additional 2,708 shares in the last quarter. Bosun Asset Management LLC increased its position in shares of Sprouts Farmers Market by 19.7% during the first quarter. Bosun Asset Management LLC now owns 4,245 shares of the company’s stock worth $648,000 after acquiring an additional 698 shares in the last quarter. Finally, AQR Capital Management LLC increased its position in shares of Sprouts Farmers Market by 1.2% during the first quarter. AQR Capital Management LLC now owns 256,862 shares of the company’s stock worth $38,036,000 after acquiring an additional 2,947 shares in the last quarter.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. Evercore ISI decreased their target price on shares of Sprouts Farmers Market from $195.00 to $190.00 and set an “outperform” rating for the company in a research report on Tuesday, August 12th. Royal Bank Of Canada upped their price objective on shares of Sprouts Farmers Market from $173.00 to $176.00 and gave the stock a “sector perform” rating in a research report on Thursday, July 31st. JPMorgan Chase & Co. assumed coverage on shares of Sprouts Farmers Market in a research report on Wednesday, August 20th. They issued a “neutral” rating and a $159.00 price objective for the company. Jefferies Financial Group raised shares of Sprouts Farmers Market from a “hold” rating to a “buy” rating and set a $190.00 price objective for the company in a research report on Friday, August 1st. Finally, Barclays raised shares of Sprouts Farmers Market from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $173.00 to $185.00 in a research report on Thursday, July 31st. Eight equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat.com, Sprouts Farmers Market has an average rating of “Moderate Buy” and a consensus target price of $173.73.

Sprouts Farmers Market Stock Down 0.9%

Sprouts Farmers Market stock opened at $138.83 on Friday. Sprouts Farmers Market, Inc. has a twelve month low of $97.61 and a twelve month high of $182.00. The firm has a 50 day moving average price of $153.61 and a 200-day moving average price of $155.95. The company has a market capitalization of $13.57 billion, a P/E ratio of 28.57, a P/E/G ratio of 1.57 and a beta of 0.86.

Sprouts Farmers Market (NASDAQ:SFM) last released its earnings results on Wednesday, July 30th. The company reported $1.35 earnings per share for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $2.16 billion. During the same period in the prior year, the firm earned $0.94 EPS. The company’s 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. Equities analysts expect that Sprouts Farmers Market, Inc. will post 4.29 EPS for the current fiscal year.

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

Insider Activity

In other news, Director Joe Fortunato sold 10,000 shares of the stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $147.57, for a total transaction of $1,475,700.00. Following the completion of the transaction, the director directly owned 18,164 shares of the company’s stock, valued at $2,680,461.48. This represents a 35.51% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Joseph D. O’leary sold 2,937 shares of the stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $150.07, for a total transaction of $440,755.59. Following the transaction, the director directly owned 14,994 shares of the company’s stock, valued at $2,250,149.58. This represents a 16.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 38,737 shares of company stock worth $5,954,023. 1.10% of the stock is owned by insiders.

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.