Sprouts Farmers Market, Inc. $SFM Shares Sold by Wakefield Asset Management LLLP

Wakefield Asset Management LLLP reduced its position in Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 19.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,893 shares of the company’s stock after selling 1,616 shares during the period. Wakefield Asset Management LLLP’s holdings in Sprouts Farmers Market were worth $1,135,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in SFM. Dogwood Wealth Management LLC acquired a new position in shares of Sprouts Farmers Market in the 1st quarter valued at $30,000. Truvestments Capital LLC acquired a new position in shares of Sprouts Farmers Market in the 1st quarter valued at $35,000. SVB Wealth LLC acquired a new position in shares of Sprouts Farmers Market in the 1st quarter valued at $36,000. Brooklyn Investment Group lifted 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 valued at $37,000 after purchasing an additional 242 shares during the period. Finally, Global Trust Asset Management LLC lifted 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 valued at $49,000 after purchasing an additional 250 shares during the period.

Insider Buying and Selling at Sprouts Farmers Market

In other news, SVP Kim Coffin sold 651 shares of the company’s stock in a transaction 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 represents a 5.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Dustin Hamilton sold 868 shares of the company’s stock in a transaction on Tuesday, October 14th. The stock was sold at an average price of $108.50, for a total transaction of $94,178.00. Following the sale, the insider directly owned 15,481 shares of the company’s stock, valued at $1,679,688.50. The trade was a 5.31% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 38,429 shares of company stock valued at $5,351,362. 1.10% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

SFM has been the subject of several analyst reports. The Goldman Sachs Group decreased their target price on shares of Sprouts Farmers Market from $178.00 to $152.00 and set a “buy” rating for the company in a research note on Thursday. UBS Group set a $108.00 price target on shares of Sprouts Farmers Market in a report on Thursday. Evercore ISI cut their price target on shares of Sprouts Farmers Market from $175.00 to $130.00 and set an “outperform” rating for the company in a report on Monday, October 27th. Bank of America cut their price target on shares of Sprouts Farmers Market from $200.00 to $160.00 and set a “buy” rating for the company in a report on Thursday, October 23rd. Finally, Roth Capital reissued a “neutral” rating and issued a $91.00 price target on shares of Sprouts Farmers Market in a report on Thursday. Nine analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $137.86.

Sprouts Farmers Market Stock Performance

Shares of NASDAQ SFM opened at $78.96 on Friday. Sprouts Farmers Market, Inc. has a one year low of $75.75 and a one year high of $182.00. The firm has a market cap of $7.72 billion, a PE ratio of 15.27, a PEG ratio of 1.18 and a beta of 0.77. The firm has a fifty day moving average of $118.35 and a 200 day moving average of $146.49.

Sprouts Farmers Market (NASDAQ:SFM) last released its 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. Sprouts Farmers Market had a net margin of 5.93% and a return on equity of 38.83%. The business had revenue of $2.20 billion during the quarter, compared to analyst estimates of $2.23 billion. During the same quarter in the prior year, the firm earned $0.91 earnings per share. The company’s revenue for the quarter was up 13.1% compared to the same quarter last year. 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 predict that Sprouts Farmers Market, Inc. will post 4.29 EPS for the current fiscal year.

Sprouts Farmers Market announced that its board has initiated a share buyback program on Tuesday, August 19th that allows the company to buyback $0.00 in shares. This buyback authorization allows the company to reacquire shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company’s leadership believes its shares are 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.