Marshall Wace LLP Boosts Stake in Sprouts Farmers Market, Inc. $SFM

Marshall Wace LLP 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. The firm owned 2,314,665 shares of the company’s stock after acquiring an additional 252,699 shares during the quarter. Sprouts Farmers Market comprises about 0.4% of Marshall Wace LLP’s portfolio, making the stock its 28th biggest position. Marshall Wace LLP owned approximately 2.37% of Sprouts Farmers Market worth $381,086,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently made changes to their positions in SFM. Truvestments Capital LLC bought a new position in Sprouts Farmers Market in the first quarter worth about $35,000. SVB Wealth LLC bought a new position in shares of Sprouts Farmers Market during the 1st quarter worth approximately $36,000. Brooklyn Investment Group lifted its position in Sprouts Farmers Market by 12,100.0% during the first quarter. Brooklyn Investment Group now owns 244 shares of the company’s stock valued at $37,000 after acquiring an additional 242 shares during the last quarter. Global Trust Asset Management LLC boosted its stake 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 valued at $49,000 after acquiring an additional 250 shares in the last quarter. Finally, Cullen Frost Bankers Inc. grew its holdings in Sprouts Farmers Market by 60.5% in the second quarter. Cullen Frost Bankers Inc. now owns 419 shares of the company’s stock worth $69,000 after purchasing an additional 158 shares during the last quarter.

Insider Buying and Selling

In other Sprouts Farmers Market news, CEO Jack Sinclair sold 4,045 shares of Sprouts Farmers Market stock in a transaction dated Monday, October 6th. The stock was sold at an average price of $103.00, for a total transaction of $416,635.00. Following the completion of the transaction, the chief executive officer owned 174,740 shares in the company, valued at approximately $17,998,220. This trade represents a 2.26% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CTO James H. Bahrenburg sold 4,292 shares of the business’s stock in a transaction dated Friday, September 12th. The shares were sold at an average price of $137.06, for a total value of $588,261.52. Following the completion of the transaction, the chief technology officer directly owned 9,167 shares of the company’s stock, valued at approximately $1,256,429.02. This trade represents a 31.89% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 16,405 shares of company stock valued at $2,099,515 over the last 90 days. Insiders own 1.10% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently commented on SFM shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Sprouts Farmers Market in a report on Tuesday. Bank of America decreased their price target on Sprouts Farmers Market from $200.00 to $160.00 and set a “buy” rating for the company in a research note on Thursday, October 23rd. UBS Group set a $108.00 price target on Sprouts Farmers Market in a report on Thursday, October 30th. The Goldman Sachs Group dropped their price target on Sprouts Farmers Market from $178.00 to $152.00 and set a “buy” rating on the stock 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 research report on Monday, November 3rd. Nine research 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 data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $137.86.

Sprouts Farmers Market Stock Up 0.2%

Sprouts Farmers Market stock opened at $85.25 on Friday. The business’s 50-day simple moving average is $94.02 and its two-hundred day simple moving average is $132.78. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.53 and a current ratio of 1.05. The company has a market cap of $8.30 billion, a PE ratio of 16.49, a PEG ratio of 0.98 and a beta of 0.70. Sprouts Farmers Market, Inc. has a fifty-two week low of $75.75 and a fifty-two week high of $182.00.

Sprouts Farmers Market (NASDAQ:SFM) last released its earnings results on Wednesday, October 29th. The company reported $1.22 EPS for the quarter, topping analysts’ consensus estimates of $1.17 by $0.05. Sprouts Farmers Market had a return on equity of 38.03% and a net margin of 5.93%.The firm had revenue of $2.20 billion during the quarter, compared to the consensus estimate of $2.23 billion. During the same quarter in the previous year, the company posted $0.91 earnings per share. The company’s revenue 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 and its Q4 2025 guidance at 0.860-0.900 EPS. Equities analysts anticipate that Sprouts Farmers Market, Inc. will post 4.29 EPS for the current year.

Sprouts Farmers Market declared that its Board of Directors has authorized a stock repurchase plan on Tuesday, August 19th that authorizes the company to buyback $0.00 in shares. This buyback authorization authorizes the company to purchase shares of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s management believes its shares are undervalued.

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.