9,739 Shares in Sprouts Farmers Market, Inc. $SFM Purchased by Prosperitas Financial LLC

Prosperitas Financial LLC bought a new stake in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 9,739 shares of the company’s stock, valued at approximately $1,060,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of SFM. Sumitomo Mitsui Trust Group Inc. grew its position in Sprouts Farmers Market by 2.9% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 25,236 shares of the company’s stock valued at $2,746,000 after acquiring an additional 700 shares during the last quarter. Meeder Asset Management Inc. boosted its stake in shares of Sprouts Farmers Market by 159.6% during the third quarter. Meeder Asset Management Inc. now owns 15,439 shares of the company’s stock valued at $1,680,000 after purchasing an additional 9,491 shares during the period. Citizens Financial Group Inc. RI purchased a new stake in shares of Sprouts Farmers Market during the third quarter valued at $608,000. State of Alaska Department of Revenue grew its holdings in shares of Sprouts Farmers Market by 115.4% in the third quarter. State of Alaska Department of Revenue now owns 36,486 shares of the company’s stock worth $3,968,000 after purchasing an additional 19,549 shares during the last quarter. Finally, Nisa Investment Advisors LLC increased its stake in Sprouts Farmers Market by 470.4% in the 3rd quarter. Nisa Investment Advisors LLC now owns 18,863 shares of the company’s stock worth $2,052,000 after buying an additional 15,556 shares during the period.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. UBS Group set a $108.00 price objective on shares of Sprouts Farmers Market in a research report on Thursday, October 30th. Bank of America decreased 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 research note on Thursday, October 23rd. BMO Capital Markets set a $90.00 price objective on Sprouts Farmers Market in a research note on Thursday, October 30th. Deutsche Bank Aktiengesellschaft lowered Sprouts Farmers Market from a “buy” rating to a “hold” rating and set a $88.00 target price for the company. in a research report on Thursday. Finally, Zacks Research downgraded Sprouts Farmers Market from a “hold” rating to a “strong sell” rating in a research report on Friday, October 31st. Eight analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $130.57.

Insider Transactions at Sprouts Farmers Market

In other news, insider Dustin Hamilton sold 868 shares of the 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 completion of the sale, the insider owned 15,481 shares in the company, valued at approximately $1,679,688.50. This represents a 5.31% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CMO Alisa Gmelich sold 3,161 shares of the firm’s stock in a transaction on Friday, December 12th. The stock was sold at an average price of $79.39, for a total value of $250,951.79. Following the completion of the sale, the chief marketing officer directly owned 5,552 shares of the company’s stock, valued at $440,773.28. The trade was a 36.28% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 21,500 shares of company stock valued at $1,833,659. Corporate insiders own 1.10% of the company’s stock.

Sprouts Farmers Market Trading Up 0.1%

Shares of NASDAQ SFM opened at $77.20 on Monday. Sprouts Farmers Market, Inc. has a 1-year low of $74.38 and a 1-year high of $182.00. The business has a fifty day moving average price of $80.87 and a 200 day moving average price of $116.56. The stock has a market capitalization of $7.52 billion, a P/E ratio of 14.93, a price-to-earnings-growth ratio of 0.84 and a beta of 0.73. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.05 and a quick ratio of 0.53.

Sprouts Farmers Market (NASDAQ:SFM) last announced 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 net margin of 5.93% and a return on equity of 38.03%. The business had revenue of $2.20 billion during the quarter, compared to the consensus estimate of $2.23 billion. During the same period in the previous year, the company posted $0.91 earnings per share. The firm’s 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 and its Q4 2025 guidance at 0.860-0.900 EPS. Equities research analysts expect that Sprouts Farmers Market, Inc. will post 4.29 EPS for the current fiscal year.

About Sprouts Farmers Market

Sprouts Farmers Market, Inc (NASDAQ: SFM) is a specialty grocery retailer focused on fresh, natural and organic foods. Headquartered in Phoenix, Arizona, the company operates stores designed to offer an open-market shopping experience, emphasizing quality produce sourced from regional farmers alongside organic pantry staples, dairy, meat and seafood. Sprouts’ product assortment also includes bulk foods, vitamins and supplements, a deli and prepared foods, reflecting its commitment to wellness and affordable healthy living.

Founded in 2002 by members of the Boney family, Sprouts began as a single farmers market in Chandler, Arizona.