Sprouts Farmers Market, Inc. (NASDAQ:SFM) Given Average Rating of “Moderate Buy” by Brokerages

Sprouts Farmers Market, Inc. (NASDAQ:SFM) has been given a consensus rating of “Moderate Buy” by the sixteen ratings firms that are presently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell rating, six have assigned a hold rating and nine have given a buy rating to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $137.8571.

A number of equities analysts have commented on the stock. The Goldman Sachs Group dropped their price objective on shares of Sprouts Farmers Market from $178.00 to $152.00 and set a “buy” rating for the company in a research note on Thursday, October 30th. Royal Bank Of Canada reduced their target price on Sprouts Farmers Market from $148.00 to $140.00 and set an “outperform” rating on the stock in a research note on Thursday, October 30th. BMO Capital Markets set a $90.00 target price on shares of Sprouts Farmers Market in a research report on Thursday, October 30th. Wells Fargo & Company dropped their target price on shares of Sprouts Farmers Market from $180.00 to $135.00 and set an “overweight” rating on the stock in a report on Thursday, October 30th. Finally, Zacks Research cut Sprouts Farmers Market from a “hold” rating to a “strong sell” rating in a research report on Friday, October 31st.

Sprouts Farmers Market Stock Up 5.3%

Shares of SFM stock opened at $82.12 on Thursday. The firm has a market capitalization of $8.00 billion, a PE ratio of 15.88, a P/E/G ratio of 1.18 and a beta of 0.72. Sprouts Farmers Market has a 52 week low of $75.75 and a 52 week high of $182.00. The company has a 50 day moving average price of $108.54 and a 200-day moving average price of $141.89.

Sprouts Farmers Market (NASDAQ:SFM) last released its quarterly earnings results on Wednesday, October 29th. The company reported $1.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.17 by $0.05. The business had revenue of $2.20 billion during the quarter, compared to analyst estimates of $2.23 billion. Sprouts Farmers Market had a return on equity of 38.83% and a net margin of 5.93%.Sprouts Farmers Market’s revenue for the quarter was up 13.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $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. Analysts anticipate that Sprouts Farmers Market will post 4.29 earnings per share for the current year.

Sprouts Farmers Market announced that its Board of Directors has authorized a share buyback program on Tuesday, August 19th that allows the company to buyback $0.00 in outstanding shares. This buyback authorization allows the company to reacquire shares of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board believes its shares are undervalued.

Insider Transactions at Sprouts Farmers Market

In other news, SVP Kim Coffin sold 651 shares of the company’s stock in a transaction that occurred on Thursday, August 28th. The stock was sold at an average price of $141.58, for a total transaction of $92,168.58. Following the completion of the transaction, the senior vice president directly owned 11,235 shares of the company’s stock, valued at $1,590,651.30. This represents a 5.48% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CTO James H. Bahrenburg sold 4,292 shares of the firm’s stock in a transaction dated Friday, September 12th. The shares were sold at an average price of $137.06, for a total transaction of $588,261.52. Following the completion of the transaction, the chief technology officer directly owned 9,167 shares in the company, valued at $1,256,429.02. This represents a 31.89% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 21,447 shares of company stock valued at $2,800,812 in the last quarter. Insiders own 1.10% of the company’s stock.

Institutional Trading of Sprouts Farmers Market

Hedge funds and other institutional investors have recently modified their holdings of the stock. Unified Investment Management lifted its position in Sprouts Farmers Market by 0.9% in the second quarter. Unified Investment Management now owns 7,326 shares of the company’s stock valued at $1,206,000 after buying an additional 65 shares during the last quarter. Chicago Partners Investment Group LLC boosted its stake in shares of Sprouts Farmers Market by 0.6% in the 2nd quarter. Chicago Partners Investment Group LLC now owns 10,355 shares of the company’s stock valued at $1,691,000 after buying an additional 65 shares during the period. Rossby Financial LCC grew its holdings in Sprouts Farmers Market by 2.3% during the 2nd quarter. Rossby Financial LCC now owns 3,059 shares of the company’s stock worth $504,000 after acquiring an additional 68 shares in the last quarter. J.W. Cole Advisors Inc. increased its holdings in Sprouts Farmers Market by 0.8% in the second quarter. J.W. Cole Advisors Inc. now owns 9,069 shares of the company’s stock valued at $1,493,000 after buying an additional 69 shares during the last quarter. Finally, Alteri Wealth LLC increased its holdings in shares of Sprouts Farmers Market by 1.0% in the 2nd quarter. Alteri Wealth LLC now owns 7,627 shares of the company’s stock valued at $1,256,000 after acquiring an additional 72 shares during the last quarter.

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.