Sprouts Farmers Market (NASDAQ:SFM) Upgraded by Wall Street Zen to “Buy” Rating

Sprouts Farmers Market (NASDAQ:SFM) was upgraded by stock analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a note issued to investors on Sunday.

A number of other brokerages also recently weighed in on SFM. Barclays upgraded Sprouts Farmers Market from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $173.00 to $185.00 in a report on Thursday, July 31st. Wells Fargo & Company upgraded Sprouts Farmers Market from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $175.00 to $180.00 in a report on Tuesday, August 5th. Evercore ISI lowered their price target on Sprouts Farmers Market from $195.00 to $190.00 and set an “outperform” rating for the company in a report on Tuesday, August 12th. UBS Group set a $180.00 price target on Sprouts Farmers Market in a report on Thursday, July 31st. Finally, Royal Bank Of Canada boosted their price target on Sprouts Farmers Market from $173.00 to $176.00 and gave the company a “sector perform” rating in a report on Thursday, July 31st. Eight investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat, Sprouts Farmers Market currently has a consensus rating of “Moderate Buy” and a consensus price target of $173.73.

Sprouts Farmers Market Stock Performance

Shares of NASDAQ:SFM opened at $120.41 on Friday. The company has a market cap of $11.77 billion, a P/E ratio of 24.78, a PEG ratio of 1.36 and a beta of 0.86. Sprouts Farmers Market has a one year low of $104.45 and a one year high of $182.00. The business’s 50-day simple moving average is $147.43 and its 200 day simple moving average is $154.73.

Sprouts Farmers Market (NASDAQ:SFM) last posted its quarterly earnings data on Wednesday, July 30th. The company reported $1.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.23 by $0.12. Sprouts Farmers Market had a return on equity of 36.53% and a net margin of 5.77%.The company had revenue of $2.22 billion for the quarter, compared to the consensus estimate of $2.16 billion. During the same period in the previous year, the business earned $0.94 EPS. Sprouts Farmers Market’s revenue for the quarter was up 17.3% compared to the same quarter last year. Sprouts Farmers Market has set its FY 2025 guidance at 5.200-5.320 EPS. Q3 2025 guidance at 1.120-1.160 EPS. Analysts predict that Sprouts Farmers Market will post 4.29 earnings per share for the current year.

Sprouts Farmers Market declared that its board has initiated a share buyback plan on Tuesday, August 19th that authorizes the company to buyback $0.00 in shares. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.

Insider Buying and Selling

In related news, Director Joseph D. O’leary sold 2,937 shares of the company’s stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $150.07, for a total value of $440,755.59. Following the completion of the sale, the director owned 14,994 shares of the company’s stock, valued at $2,250,149.58. This represents a 16.38% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Jack Sinclair sold 4,045 shares of the company’s stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $138.60, for a total value of $560,637.00. Following the completion of the sale, the chief executive officer owned 174,740 shares of the company’s stock, valued at approximately $24,218,964. This trade represents a 2.26% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 39,561 shares of company stock valued at $5,828,401. Company insiders own 1.10% of the company’s stock.

Institutional Investors Weigh In On Sprouts Farmers Market

Several hedge funds have recently modified their holdings of the stock. Unified Investment Management lifted its holdings in shares of Sprouts Farmers Market by 0.9% during the second quarter. Unified Investment Management now owns 7,326 shares of the company’s stock valued at $1,206,000 after purchasing an additional 65 shares during the last quarter. Chicago Partners Investment Group LLC lifted its holdings in shares of Sprouts Farmers Market by 0.6% during the second quarter. Chicago Partners Investment Group LLC now owns 10,355 shares of the company’s stock valued at $1,691,000 after purchasing an additional 65 shares during the last quarter. Rossby Financial LCC lifted its holdings in shares of Sprouts Farmers Market by 2.3% during the second quarter. Rossby Financial LCC now owns 3,059 shares of the company’s stock valued at $504,000 after purchasing an additional 68 shares during the last quarter. J.W. Cole Advisors Inc. lifted its holdings in shares of Sprouts Farmers Market by 0.8% during the second quarter. J.W. Cole Advisors Inc. now owns 9,069 shares of the company’s stock valued at $1,493,000 after purchasing an additional 69 shares during the last quarter. Finally, Alteri Wealth LLC lifted its holdings in shares of Sprouts Farmers Market by 1.0% during the second quarter. Alteri Wealth LLC now owns 7,627 shares of the company’s stock valued at $1,256,000 after purchasing an additional 72 shares during the last quarter.

Sprouts Farmers Market Company 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.