Sumitomo Mitsui Trust Group Inc. Sells 1,537 Shares of Sprouts Farmers Market, Inc. $SFM

Sumitomo Mitsui Trust Group Inc. lessened its holdings in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 5.9% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 24,536 shares of the company’s stock after selling 1,537 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in Sprouts Farmers Market were worth $4,040,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in SFM. Dogwood Wealth Management LLC bought a new position in Sprouts Farmers Market during the first quarter valued at approximately $30,000. Truvestments Capital LLC acquired a new position in Sprouts Farmers Market during the first quarter valued at approximately $35,000. SVB Wealth LLC acquired a new position in Sprouts Farmers Market during the first quarter valued at approximately $36,000. Brooklyn Investment Group grew its holdings in Sprouts Farmers Market by 12,100.0% during the first quarter. Brooklyn Investment Group now owns 244 shares of the company’s stock valued at $37,000 after purchasing an additional 242 shares during the last quarter. Finally, Global Trust Asset Management LLC grew its holdings 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 valued at $49,000 after purchasing an additional 250 shares during the last quarter.

Analysts Set New Price Targets

Several equities analysts have commented on SFM shares. Evercore ISI set a $175.00 price target on Sprouts Farmers Market and gave the company an “outperform” rating in a report on Monday. UBS Group lowered their price target on Sprouts Farmers Market from $180.00 to $118.00 and set a “neutral” rating on the stock in a report on Monday. Barclays upgraded Sprouts Farmers Market from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $173.00 to $185.00 in a report on Thursday, July 31st. Weiss Ratings reiterated a “buy (b-)” rating on shares of Sprouts Farmers Market in a report on Tuesday, October 14th. Finally, Wall Street Zen upgraded Sprouts Farmers Market from a “hold” rating to a “buy” rating in a report on Sunday. Ten investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, Sprouts Farmers Market has a consensus rating of “Moderate Buy” and an average price target of $161.00.

Insider Transactions at Sprouts Farmers Market

In related news, Director Joe Fortunato sold 10,000 shares of the firm’s stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $147.57, for a total value of $1,475,700.00. Following the completion of the transaction, the director directly owned 18,164 shares of the company’s stock, valued at $2,680,461.48. This trade represents a 35.51% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Joseph D. O’leary sold 2,937 shares of the firm’s stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $150.07, for a total value of $440,755.59. Following the completion of the transaction, the director directly owned 14,994 shares of the company’s stock, valued at approximately $2,250,149.58. This trade represents a 16.38% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 38,429 shares of company stock valued at $5,351,362 over the last 90 days. Corporate insiders own 1.10% of the company’s stock.

Sprouts Farmers Market Trading Down 2.1%

Shares of Sprouts Farmers Market stock opened at $104.55 on Thursday. The company’s fifty day simple moving average is $121.12 and its 200-day simple moving average is $147.64. The company has a market cap of $10.22 billion, a price-to-earnings ratio of 21.51, a PEG ratio of 1.21 and a beta of 0.77. Sprouts Farmers Market, Inc. has a 1 year low of $98.75 and a 1 year high of $182.00.

Sprouts Farmers Market (NASDAQ:SFM) last announced its quarterly earnings data on Wednesday, October 29th. The company reported $1.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.17 by $0.05. Sprouts Farmers Market had a net margin of 5.77% and a return on equity of 36.53%. The business’s quarterly revenue was up 13.1% on a year-over-year basis. During the same period in the prior year, the business earned $0.91 EPS. 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 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 stock repurchase program on Tuesday, August 19th that permits the company to repurchase $0.00 in shares. This repurchase authorization permits the company to purchase shares of its stock through open market purchases. Shares repurchase programs are typically an indication that the company’s board of directors believes its shares are 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.