Sprouts Farmers Market, Inc. $SFM Shares Acquired by Voya Investment Management LLC

Voya Investment Management LLC increased its holdings in Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 49.4% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 54,798 shares of the company’s stock after buying an additional 18,123 shares during the period. Voya Investment Management LLC owned about 0.06% of Sprouts Farmers Market worth $8,364,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Whipplewood Advisors LLC grew its position in shares of Sprouts Farmers Market by 92.0% in the first quarter. Whipplewood Advisors LLC now owns 192 shares of the company’s stock valued at $29,000 after purchasing an additional 92 shares during the last quarter. Dogwood Wealth Management LLC purchased a new stake in Sprouts Farmers Market in the 1st quarter valued at approximately $30,000. Truvestments Capital LLC acquired a new stake in Sprouts Farmers Market during the 1st quarter valued at $35,000. SVB Wealth LLC purchased a new position in Sprouts Farmers Market during the first quarter worth $36,000. Finally, Brooklyn Investment Group raised its holdings in shares of Sprouts Farmers Market by 12,100.0% in the first quarter. Brooklyn Investment Group now owns 244 shares of the company’s stock worth $37,000 after acquiring an additional 242 shares during the last quarter.

Sprouts Farmers Market Stock Down 1.7%

NASDAQ:SFM opened at $123.36 on Thursday. The company has a market cap of $12.06 billion, a P/E ratio of 25.38, a P/E/G ratio of 1.42 and a beta of 0.86. The firm’s 50 day moving average is $148.94 and its two-hundred day moving average is $155.00. Sprouts Farmers Market, Inc. has a fifty-two week low of $101.80 and a fifty-two week high of $182.00.

Sprouts Farmers Market (NASDAQ:SFM) last released its quarterly earnings data on Wednesday, July 30th. The company reported $1.35 EPS for the quarter, topping analysts’ consensus estimates of $1.23 by $0.12. The business had revenue of $2.22 billion during the quarter, compared to the consensus estimate of $2.16 billion. Sprouts Farmers Market had a return on equity of 36.53% and a net margin of 5.77%.The business’s revenue for the quarter was up 17.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.94 EPS. Sprouts Farmers Market has set its FY 2025 guidance at 5.200-5.320 EPS. Q3 2025 guidance at 1.120-1.160 EPS. Research analysts forecast 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 approved a share buyback plan on Tuesday, August 19th that allows the company to repurchase $0.00 in outstanding shares. This repurchase authorization allows the company to reacquire shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company’s management believes its stock is undervalued.

Analysts Set New Price Targets

A number of analysts recently commented on the company. Jefferies Financial Group raised Sprouts Farmers Market from a “hold” rating to a “buy” rating and set a $190.00 price objective on the stock in a research note on Friday, August 1st. Wall Street Zen cut shares of Sprouts Farmers Market from a “buy” rating to a “hold” rating in a research note on Saturday, September 13th. UBS Group set a $180.00 price target on shares of Sprouts Farmers Market in a report on Thursday, July 31st. Evercore ISI reduced their price objective on shares of Sprouts Farmers Market from $195.00 to $190.00 and set an “outperform” rating on the stock in a research note on Tuesday, August 12th. Finally, JPMorgan Chase & Co. began coverage on shares of Sprouts Farmers Market in a research report on Wednesday, August 20th. They set a “neutral” rating and a $159.00 target price on the stock. Eight research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $173.73.

Insider Buying and Selling

In other news, CEO Jack Sinclair sold 4,045 shares of Sprouts Farmers Market stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $138.60, for a total value of $560,637.00. Following the transaction, the chief executive officer directly owned 174,740 shares of the company’s stock, valued at $24,218,964. The trade was a 2.26% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Joseph D. O’leary sold 2,937 shares of the business’s stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $150.07, for a total value of $440,755.59. Following the sale, the director owned 14,994 shares of the company’s stock, valued at $2,250,149.58. The trade was a 16.38% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 39,561 shares of company stock worth $5,828,401. Corporate insiders own 1.10% of the company’s stock.

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.