Sprouts Farmers Market, Inc. $SFM Shares Sold by Virtus Advisers LLC

Virtus Advisers LLC reduced its holdings in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 66.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 902 shares of the company’s stock after selling 1,809 shares during the period. Virtus Advisers LLC’s holdings in Sprouts Farmers Market were worth $149,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in SFM. Avantax Advisory Services Inc. increased its position in shares of Sprouts Farmers Market by 2.1% during the first quarter. Avantax Advisory Services Inc. now owns 4,899 shares of the company’s stock worth $748,000 after acquiring an additional 99 shares during the period. LPL Financial LLC boosted its holdings in Sprouts Farmers Market by 10.0% in the first quarter. LPL Financial LLC now owns 176,618 shares of the company’s stock valued at $26,959,000 after purchasing an additional 16,096 shares during the period. Arkadios Wealth Advisors acquired a new position in Sprouts Farmers Market during the 1st quarter worth $589,000. Natixis Advisors LLC grew its position in shares of Sprouts Farmers Market by 10.7% during the first quarter. Natixis Advisors LLC now owns 53,678 shares of the company’s stock worth $8,193,000 after buying an additional 5,179 shares in the last quarter. Finally, Alberta Investment Management Corp grew its holdings in Sprouts Farmers Market by 29.2% during the 1st quarter. Alberta Investment Management Corp now owns 16,800 shares of the company’s stock worth $2,564,000 after acquiring an additional 3,800 shares in the last quarter.

Insider Activity at Sprouts Farmers Market

In related news, CEO Jack Sinclair sold 4,045 shares of the stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $138.60, for a total transaction of $560,637.00. Following the completion of the sale, the chief executive officer directly owned 174,740 shares of the company’s stock, valued at $24,218,964. This trade represents a 2.26% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Dustin Hamilton sold 7,200 shares of the business’s stock in a transaction on Thursday, September 11th. The shares were sold at an average price of $138.95, for a total transaction of $1,000,440.00. Following the completion of the transaction, the insider directly owned 16,349 shares in the company, valued at $2,271,693.55. This represents a 30.57% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 20,796 shares of company stock worth $2,708,643 in the last quarter. Company insiders own 1.10% of the company’s stock.

Sprouts Farmers Market Trading Up 1.1%

SFM stock opened at $84.17 on Monday. The company has a market capitalization of $8.20 billion, a P/E ratio of 16.28, a PEG ratio of 1.18 and a beta of 0.72. The business has a 50 day simple moving average of $96.53 and a 200-day simple moving average of $134.58. Sprouts Farmers Market, Inc. has a twelve month low of $75.75 and a twelve month high of $182.00.

Sprouts Farmers Market (NASDAQ:SFM) last posted its quarterly earnings data on Wednesday, October 29th. The company reported $1.22 EPS for the quarter, beating 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 company had revenue of $2.20 billion for the quarter, compared to analyst estimates of $2.23 billion. During the same period in the previous year, the business posted $0.91 earnings per share. Sprouts Farmers Market’s quarterly revenue was up 13.1% on a year-over-year basis. Sprouts Farmers Market has set its FY 2025 guidance at 5.240-5.280 EPS. Q4 2025 guidance at 0.860-0.900 EPS. Research analysts predict 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 authorized a stock buyback plan on Tuesday, August 19th that permits the company to repurchase $0.00 in outstanding shares. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Shares repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on SFM. Wall Street Zen downgraded Sprouts Farmers Market from a “buy” rating to a “hold” rating in a report on Monday, November 3rd. Zacks Research lowered 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 objective on shares of Sprouts Farmers Market in a report on Thursday, October 30th. JPMorgan Chase & Co. lowered their target price on shares of Sprouts Farmers Market from $124.00 to $91.00 and set a “neutral” rating for the company in a report on Thursday, October 30th. Finally, Royal Bank Of Canada cut their price target on shares of Sprouts Farmers Market from $148.00 to $140.00 and set an “outperform” rating on the stock in a research note on Thursday, October 30th. Nine equities research 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’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $137.86.

About Sprouts Farmers Market

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.