Sprouts Farmers Market (NASDAQ:SFM) Sets New 1-Year Low After Analyst Downgrade

Sprouts Farmers Market, Inc. (NASDAQ:SFM)’s stock price hit a new 52-week low during mid-day trading on Thursday after JPMorgan Chase & Co. lowered their price target on the stock from $124.00 to $91.00. JPMorgan Chase & Co. currently has a neutral rating on the stock. Sprouts Farmers Market traded as low as $82.50 and last traded at $77.24, with a volume of 225644 shares traded. The stock had previously closed at $104.55.

Other equities research analysts have also recently issued reports about the company. Bank of America cut their price target on Sprouts Farmers Market from $200.00 to $160.00 and set a “buy” rating for the company in a research note on Thursday, October 23rd. Weiss Ratings downgraded Sprouts Farmers Market from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday. Royal Bank Of Canada cut their target price on Sprouts Farmers Market from $148.00 to $140.00 and set an “outperform” rating for the company in a research report on Thursday. Wells Fargo & Company cut their price objective on shares of Sprouts Farmers Market from $180.00 to $135.00 and set an “overweight” rating for the company in a research report on Thursday. Finally, Roth Capital reaffirmed a “neutral” rating and set a $91.00 price objective on shares of Sprouts Farmers Market in a research report on Thursday. Nine research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $137.86.

Insider Buying and Selling at Sprouts Farmers Market

In related news, CEO Jack Sinclair sold 4,045 shares of the company’s stock in a transaction on Monday, October 6th. The stock was sold at an average price of $103.00, for a total transaction of $416,635.00. Following the completion of the sale, the chief executive officer directly owned 174,740 shares in the company, valued at $17,998,220. This represents a 2.26% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Kim Coffin sold 651 shares of the company’s stock in a transaction on Thursday, August 28th. The stock was sold at an average price of $141.58, for a total value of $92,168.58. Following the sale, the senior vice president owned 11,235 shares of the company’s stock, valued at approximately $1,590,651.30. This represents a 5.48% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 38,429 shares of company stock worth $5,351,362 over the last quarter. 1.10% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Sprouts Farmers Market

Several institutional investors and hedge funds have recently added to or reduced their stakes in SFM. Root Financial Partners LLC bought a new position in Sprouts Farmers Market in the 3rd quarter valued at approximately $26,000. Newbridge Financial Services Group Inc. bought a new position in shares of Sprouts Farmers Market in the 2nd quarter valued at $29,000. Dogwood Wealth Management LLC bought a new position in shares of Sprouts Farmers Market in the 1st quarter valued at $30,000. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of Sprouts Farmers Market in the 3rd quarter valued at $33,000. Finally, Truvestments Capital LLC bought a new position in shares of Sprouts Farmers Market in the 1st quarter valued at $35,000.

Sprouts Farmers Market Price Performance

The stock has a market capitalization of $7.55 billion, a P/E ratio of 14.94, a P/E/G ratio of 1.18 and a beta of 0.77. The firm has a 50-day simple moving average of $119.70 and a 200 day simple moving average of $147.15.

Sprouts Farmers Market (NASDAQ:SFM) last posted its earnings results on Wednesday, October 29th. The company reported $1.22 EPS for the quarter, beating the consensus estimate of $1.17 by $0.05. The firm had revenue of $2.20 billion during the quarter, compared to the consensus estimate of $2.23 billion. Sprouts Farmers Market had a return on equity of 38.83% and a net margin of 5.93%.The business’s quarterly revenue was up 13.1% on a year-over-year basis. During the same period last year, the company earned $0.91 earnings per share. Sprouts Farmers Market has set its FY 2025 guidance at 5.240-5.280 EPS. Q4 2025 guidance at 0.860-0.900 EPS. Sell-side analysts anticipate that Sprouts Farmers Market, Inc. will post 4.29 earnings per share for the current fiscal year.

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

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.