Skandinaviska Enskilda Banken AB publ Buys 3,600 Shares of Sprouts Farmers Market, Inc. $SFM

Skandinaviska Enskilda Banken AB publ grew its stake in Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 12.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,799 shares of the company’s stock after acquiring an additional 3,600 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in Sprouts Farmers Market were worth $5,401,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Norges Bank bought a new stake in Sprouts Farmers Market during the 2nd quarter valued at $198,080,000. Wellington Management Group LLP increased its stake in shares of Sprouts Farmers Market by 300.3% during the first quarter. Wellington Management Group LLP now owns 1,037,187 shares of the company’s stock valued at $158,316,000 after buying an additional 778,079 shares during the period. Nuveen LLC bought a new stake in shares of Sprouts Farmers Market in the first quarter valued at about $106,852,000. Westfield Capital Management Co. LP bought a new stake in shares of Sprouts Farmers Market in the first quarter valued at about $71,699,000. Finally, Alyeska Investment Group L.P. purchased a new stake in Sprouts Farmers Market in the first quarter worth about $55,711,000.

Sprouts Farmers Market Stock Performance

Shares of NASDAQ SFM opened at $84.17 on Monday. Sprouts Farmers Market, Inc. has a fifty-two week low of $75.75 and a fifty-two week high of $182.00. The company has a market cap of $8.20 billion, a PE ratio of 16.28, a P/E/G ratio of 1.18 and a beta of 0.72. The business has a 50-day simple moving average of $96.53 and a two-hundred day simple moving average of $134.58.

Sprouts Farmers Market (NASDAQ:SFM) last announced its quarterly earnings data on Wednesday, October 29th. The company reported $1.22 EPS for the quarter, beating the consensus estimate of $1.17 by $0.05. The firm had revenue of $2.20 billion during the quarter, compared to analyst estimates of $2.23 billion. Sprouts Farmers Market had a net margin of 5.93% and a return on equity of 38.83%. Sprouts Farmers Market’s revenue was up 13.1% on a year-over-year basis. During the same period last year, the firm posted $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. On average, sell-side analysts predict that Sprouts Farmers Market, Inc. will post 4.29 earnings per share for the current fiscal 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 shares. This repurchase authorization authorizes the company to purchase shares of its stock through open market purchases. Shares repurchase plans are usually a sign that the company’s management believes its stock is undervalued.

Insiders Place Their Bets

In other news, insider Dustin Hamilton sold 868 shares of the stock in a transaction on Tuesday, October 14th. The shares were sold at an average price of $108.50, for a total value of $94,178.00. Following the sale, the insider owned 15,481 shares in the company, valued at $1,679,688.50. This represents a 5.31% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CTO James H. Bahrenburg sold 4,292 shares of the stock in a transaction dated Friday, September 12th. The stock was sold at an average price of $137.06, for a total value of $588,261.52. Following the sale, the chief technology officer directly owned 9,167 shares in the company, valued at $1,256,429.02. This represents a 31.89% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 20,796 shares of company stock valued at $2,708,643. 1.10% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research firms have commented on SFM. Zacks Research downgraded shares of Sprouts Farmers Market from a “hold” rating to a “strong sell” rating in a research report on Friday, October 31st. Evercore ISI dropped their target price on Sprouts Farmers Market from $175.00 to $130.00 and set an “outperform” rating on the stock in a research report on Monday, October 27th. BMO Capital Markets set a $90.00 price objective on Sprouts Farmers Market in a research report on Thursday, October 30th. The Goldman Sachs Group reduced 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 report on Thursday, October 30th. Finally, Bank of America reduced their target price 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. Nine investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Sprouts Farmers Market has an average rating of “Moderate Buy” and an average target price of $137.86.

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.