Fifth Third Bancorp Has $561,000 Holdings in Sprouts Farmers Market, Inc. $SFM

Fifth Third Bancorp lessened its stake in Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 7.5% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,409 shares of the company’s stock after selling 275 shares during the quarter. Fifth Third Bancorp’s holdings in Sprouts Farmers Market were worth $561,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Whipplewood Advisors LLC raised its stake in 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 in the last quarter. Dogwood Wealth Management LLC acquired a new position in Sprouts Farmers Market in the first quarter valued at about $30,000. Truvestments Capital LLC bought a new position in Sprouts Farmers Market in the first quarter valued at about $35,000. SVB Wealth LLC bought a new position in Sprouts Farmers Market in the first quarter valued at about $36,000. Finally, Brooklyn Investment Group grew its position in Sprouts Farmers Market by 12,100.0% in 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.

Insiders Place Their Bets

In related news, CEO Jack Sinclair sold 4,045 shares of the company’s stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $138.60, for a total value of $560,637.00. Following the sale, the chief executive officer directly owned 174,740 shares in the company, valued at $24,218,964. This represents a 2.26% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Joe Fortunato sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $147.57, for a total value of $1,475,700.00. Following the completion of the sale, the director owned 18,164 shares in the company, valued at $2,680,461.48. The trade was a 35.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 37,561 shares of company stock valued at $5,499,641 over the last three months. Insiders own 1.10% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have issued reports on SFM. UBS Group set a $180.00 target price on Sprouts Farmers Market in a research report on Thursday, July 31st. Jefferies Financial Group upgraded Sprouts Farmers Market from a “hold” rating to a “buy” rating and set a $190.00 target price on the stock in a research report on Friday, August 1st. Barclays upgraded Sprouts Farmers Market from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $173.00 to $185.00 in a research report on Thursday, July 31st. Royal Bank Of Canada lifted their target price on Sprouts Farmers Market from $173.00 to $176.00 and gave the company a “sector perform” rating in a research report on Thursday, July 31st. Finally, Wells Fargo & Company upgraded Sprouts Farmers Market from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $175.00 to $180.00 in a research report on Tuesday, August 5th. Eight analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, Sprouts Farmers Market presently has an average rating of “Moderate Buy” and an average target price of $178.64.

Sprouts Farmers Market Trading Down 0.4%

NASDAQ:SFM opened at $109.45 on Tuesday. The stock has a market cap of $10.70 billion, a P/E ratio of 22.52, a price-to-earnings-growth ratio of 1.24 and a beta of 0.87. The stock’s 50-day moving average is $141.18 and its 200-day moving average is $153.96. Sprouts Farmers Market, Inc. has a 1-year low of $107.42 and a 1-year high of $182.00.

Sprouts Farmers Market (NASDAQ:SFM) last announced its earnings results on Wednesday, July 30th. The company reported $1.35 EPS for the quarter, beating 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 business had revenue of $2.22 billion for the quarter, compared to analysts’ expectations of $2.16 billion. During the same period in the prior year, the business posted $0.94 earnings per share. The firm’s revenue was up 17.3% on a year-over-year basis. Sprouts Farmers Market has set its FY 2025 guidance at 5.200-5.320 EPS. Q3 2025 guidance at 1.120-1.160 EPS. As a group, equities analysts forecast that Sprouts Farmers Market, Inc. will post 4.29 EPS for the current year.

Sprouts Farmers Market announced that its Board of Directors has approved a stock buyback plan on Tuesday, August 19th that authorizes the company to repurchase $0.00 in outstanding shares. This repurchase authorization authorizes the company to purchase shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.

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.