World Investment Advisors Sells 1,923 Shares of Sprouts Farmers Market, Inc. $SFM

World Investment Advisors decreased its stake in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 55.7% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 1,532 shares of the company’s stock after selling 1,923 shares during the quarter. World Investment Advisors’ holdings in Sprouts Farmers Market were worth $252,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in SFM. Dogwood Wealth Management LLC bought a new position in Sprouts Farmers Market during the first quarter valued at about $30,000. Truvestments Capital LLC bought a new stake in shares of Sprouts Farmers Market during the first quarter valued at approximately $35,000. SVB Wealth LLC acquired a new position in shares of Sprouts Farmers Market in the first quarter valued at $36,000. Brooklyn Investment Group lifted 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 worth $37,000 after purchasing an additional 242 shares during the period. Finally, Global Trust Asset Management LLC lifted its position in Sprouts Farmers Market by 520.8% in the second quarter. Global Trust Asset Management LLC now owns 298 shares of the company’s stock worth $49,000 after purchasing an additional 250 shares during the period.

Sprouts Farmers Market Price Performance

NASDAQ SFM opened at $83.69 on Wednesday. The stock’s 50 day simple moving average is $115.91 and its 200 day simple moving average is $145.32. Sprouts Farmers Market, Inc. has a one year low of $75.75 and a one year high of $182.00. The firm has a market cap of $8.15 billion, a PE ratio of 16.19, a price-to-earnings-growth ratio of 1.18 and a beta of 0.77.

Sprouts Farmers Market (NASDAQ:SFM) last announced its earnings results on Wednesday, October 29th. The company reported $1.22 EPS for the quarter, topping the consensus estimate of $1.17 by $0.05. Sprouts Farmers Market had a return on equity of 38.83% and a net margin of 5.93%.The company had revenue of $2.20 billion for the quarter, compared to analysts’ expectations of $2.23 billion. During the same quarter in the prior year, the business earned $0.91 earnings per share. The business’s revenue for the quarter was up 13.1% on a year-over-year basis. 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, equities analysts expect that Sprouts Farmers Market, Inc. will post 4.29 earnings per share for the current year.

Sprouts Farmers Market announced that its Board of Directors has authorized a stock buyback program on Tuesday, August 19th that permits the company to buyback $0.00 in shares. This buyback authorization permits the company to repurchase shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s management believes its stock is undervalued.

Insider Activity at Sprouts Farmers Market

In other Sprouts Farmers Market news, CTO James H. Bahrenburg sold 4,292 shares of the stock in a transaction on Friday, September 12th. The stock was sold at an average price of $137.06, for a total value of $588,261.52. Following the transaction, the chief technology officer directly owned 9,167 shares in the company, valued at approximately $1,256,429.02. This trade represents a 31.89% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Joe Fortunato sold 10,000 shares of the business’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 sale, the director owned 18,164 shares of the company’s stock, valued at approximately $2,680,461.48. The trade was a 35.51% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 31,447 shares of company stock valued at $4,276,512 in the last three months. 1.10% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on SFM. Bank of America dropped their price objective on shares of 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. Evercore ISI cut their price target on shares of Sprouts Farmers Market from $175.00 to $130.00 and set an “outperform” rating for the company in a research note on Monday, October 27th. Barclays decreased their price objective on Sprouts Farmers Market from $185.00 to $122.00 and set an “overweight” rating on the stock in a report on Thursday, October 30th. UBS Group set a $108.00 target price on Sprouts Farmers Market in a report on Thursday, October 30th. Finally, Royal Bank Of Canada dropped their price objective on Sprouts Farmers Market from $148.00 to $140.00 and set an “outperform” rating for the company in a research note on Thursday, October 30th. Nine investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $137.86.

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.