Truist Financial Corp Has $6.44 Million Stock Holdings in Sprouts Farmers Market, Inc. $SFM

Truist Financial Corp raised its position in Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 5.2% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 39,119 shares of the company’s stock after buying an additional 1,927 shares during the quarter. Truist Financial Corp’s holdings in Sprouts Farmers Market were worth $6,441,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Dogwood Wealth Management LLC acquired a new position in shares of Sprouts Farmers Market in the first quarter valued at about $30,000. Truvestments Capital LLC acquired a new position in shares of Sprouts Farmers Market during the 1st quarter worth approximately $35,000. SVB Wealth LLC acquired a new position in shares of Sprouts Farmers Market during the 1st quarter worth approximately $36,000. Brooklyn Investment Group grew its position in Sprouts Farmers Market by 12,100.0% during the first quarter. Brooklyn Investment Group now owns 244 shares of the company’s stock worth $37,000 after buying an additional 242 shares in the last quarter. Finally, Global Trust Asset Management LLC grew its position in Sprouts Farmers Market by 520.8% during the second quarter. Global Trust Asset Management LLC now owns 298 shares of the company’s stock worth $49,000 after buying an additional 250 shares in the last quarter.

Sprouts Farmers Market Stock Down 3.9%

NASDAQ:SFM opened at $101.76 on Tuesday. The stock’s 50-day simple moving average is $135.50 and its 200 day simple moving average is $152.75. The firm has a market capitalization of $9.95 billion, a PE ratio of 20.94, a price-to-earnings-growth ratio of 1.20 and a beta of 0.77. Sprouts Farmers Market, Inc. has a twelve month low of $101.65 and a twelve month high of $182.00.

Sprouts Farmers Market (NASDAQ:SFM) last posted its quarterly earnings results on Wednesday, July 30th. The company reported $1.35 earnings per share for the quarter, beating analysts’ consensus estimates of $1.23 by $0.12. Sprouts Farmers Market had a net margin of 5.77% and a return on equity of 36.53%. The company had revenue of $2.22 billion for the quarter, compared to the consensus estimate of $2.16 billion. During the same period last year, the company posted $0.94 EPS. The firm’s quarterly revenue 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. On average, analysts anticipate that Sprouts Farmers Market, Inc. will post 4.29 EPS for the current fiscal year.

Sprouts Farmers Market announced that its board has approved a stock repurchase program 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. Stock buyback programs are often an indication that the company’s board of directors believes its shares are undervalued.

Insider Transactions at Sprouts Farmers Market

In related news, CTO James H. Bahrenburg sold 4,292 shares of the firm’s stock in a transaction on Friday, September 12th. The stock was sold at an average price of $137.06, for a total transaction of $588,261.52. Following the sale, the chief technology officer owned 9,167 shares of the company’s stock, valued at $1,256,429.02. This trade represents a 31.89% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Joe Fortunato sold 10,000 shares of the firm’s stock in a transaction 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 sale, the director directly owned 18,164 shares in the company, valued at approximately $2,680,461.48. This trade represents a 35.51% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 33,516 shares of company stock valued at $4,840,549. Corporate insiders own 1.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. Weiss Ratings reissued a “buy (b)” rating on shares of Sprouts Farmers Market in a research report on Saturday, September 27th. Royal Bank Of Canada increased their target price on Sprouts Farmers Market from $173.00 to $176.00 and gave the stock a “sector perform” rating in a report on Thursday, July 31st. Evercore ISI reduced their target price on Sprouts Farmers Market from $190.00 to $170.00 and set an “outperform” rating on the stock in a report on Friday. Wells Fargo & Company upgraded shares of Sprouts Farmers Market from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $175.00 to $180.00 in a research note on Tuesday, August 5th. Finally, Jefferies Financial Group upgraded shares of 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. Nine investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $177.21.

Sprouts Farmers Market 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.