Geode Capital Management LLC Sells 1,109,992 Shares of Sprouts Farmers Market, Inc. $SFM

by · The Cerbat Gem

Geode Capital Management LLC lowered its position in Sprouts Farmers Market, Inc. (NASDAQ:SFM – Free Report) by 36.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,917,051 shares of the company’s stock after selling 1,109,992 shares during the quarter. Geode Capital Management LLC’s holdings in Sprouts Farmers Market were worth $315,670,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of SFM. NewSquare Capital LLC increased its stake in Sprouts Farmers Market by 83,859.0% during the 2nd quarter. NewSquare Capital LLC now owns 32,744 shares of the company’s stock valued at $5,391,000 after purchasing an additional 32,705 shares in the last quarter. AMF Tjanstepension AB purchased a new position in shares of Sprouts Farmers Market during the 2nd quarter valued at approximately $1,580,000. Silver Oak Securities Incorporated purchased a new stake in shares of Sprouts Farmers Market during the second quarter worth about $727,000. Maverick Capital Ltd. purchased a new stake in Sprouts Farmers Market during the 1st quarter worth approximately $8,341,000. Finally, Andrew Hill Investment Advisors Inc. purchased a new position in Sprouts Farmers Market in the 2nd quarter valued at $3,128,000.

Sprouts Farmers Market Trading Up 0.1%

Shares of NASDAQ SFM opened at $81.79 on Monday. The company’s 50-day moving average price is $106.23 and its 200 day moving average price is $140.42. The stock has a market cap of $7.96 billion, a price-to-earnings ratio of 15.82, a PEG ratio of 1.18 and a beta of 0.72. Sprouts Farmers Market, Inc. has a 52 week low of $75.75 and a 52 week high of $182.00.

Sprouts Farmers Market (NASDAQ:SFM – Get Free Report) last released its earnings results on Wednesday, October 29th. The company reported $1.22 earnings per share for the quarter, topping the consensus estimate of $1.17 by $0.05. The firm had revenue of $2.20 billion for the quarter, compared to the consensus estimate of $2.23 billion. Sprouts Farmers Market had a return on equity of 38.83% and a net margin of 5.93%.The firm’s revenue for the quarter was up 13.1% compared to the same quarter last year. During the same period in the prior year, the business posted $0.91 earnings per share. Sprouts Farmers Market has set its FY 2025 guidance at 5.240-5.280 EPS. Q4 2025 guidance at 0.860-0.900 EPS. As a group, research analysts expect that Sprouts Farmers Market, Inc. will post 4.29 earnings per share for the current year.

Sprouts Farmers Market declared that its board has authorized a stock repurchase plan on Tuesday, August 19th that allows the company to buyback $0.00 in outstanding shares. This buyback authorization allows the company to purchase shares of its stock through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its shares are undervalued.

Insider Transactions at Sprouts Farmers Market

In other Sprouts Farmers Market news, CEO Jack Sinclair sold 4,045 shares of the business’s stock in a transaction on Tuesday, September 2nd. The shares were 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 owned 174,740 shares in the company, valued at $24,218,964. The trade was a 2.26% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Kim Coffin sold 651 shares of the company’s stock in a transaction that occurred on Thursday, August 28th. The shares were sold at an average price of $141.58, for a total value of $92,168.58. Following the transaction, the senior vice president directly owned 11,235 shares of the company’s stock, valued at $1,590,651.30. This trade represents a 5.48% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 21,447 shares of company stock valued at $2,800,812. Company insiders own 1.10% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently commented on SFM shares. JPMorgan Chase & Co. reduced their price target on Sprouts Farmers Market from $124.00 to $91.00 and set a “neutral” rating on the stock in a report on Thursday, October 30th. Evercore ISI lowered their target price on Sprouts Farmers Market from $175.00 to $130.00 and set an “outperform” rating for the company in a report on Monday, October 27th. Zacks Research cut Sprouts Farmers Market from a “hold” rating to a “strong sell” rating in a research note on Friday, October 31st. Royal Bank Of Canada lowered their price target on shares of Sprouts Farmers Market from $148.00 to $140.00 and set an “outperform” rating for the company in a report on Thursday, October 30th. Finally, BMO Capital Markets set a $90.00 target price on Sprouts Farmers Market in a research report on Thursday, October 30th. Nine analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $137.86.

View Our Latest Analysis on Sprouts Farmers Market

About Sprouts Farmers Market

(Free Report)

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.

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