Alberta Investment Management Corp Purchases 5,100 Shares of Sprouts Farmers Market, Inc. $SFM

Alberta Investment Management Corp grew its stake in Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 30.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,900 shares of the company’s stock after acquiring an additional 5,100 shares during the period. Alberta Investment Management Corp’s holdings in Sprouts Farmers Market were worth $3,606,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. CWM LLC raised its holdings in shares of Sprouts Farmers Market by 8.9% in the 1st quarter. CWM LLC now owns 2,801 shares of the company’s stock valued at $428,000 after purchasing an additional 230 shares in the last quarter. Sigma Planning Corp purchased a new position in Sprouts Farmers Market during the first quarter valued at approximately $270,000. Victory Capital Management Inc. raised its stake in Sprouts Farmers Market by 11.3% in the first quarter. Victory Capital Management Inc. now owns 65,462 shares of the company’s stock worth $9,992,000 after buying an additional 6,644 shares in the last quarter. Jennison Associates LLC purchased a new stake in Sprouts Farmers Market during the first quarter worth $921,000. Finally, Private Advisor Group LLC boosted its position in Sprouts Farmers Market by 5.5% during the 1st quarter. Private Advisor Group LLC now owns 4,990 shares of the company’s stock valued at $762,000 after acquiring an additional 260 shares in the last quarter.

Insiders Place Their Bets

In other news, CEO Jack Sinclair sold 4,045 shares of Sprouts Farmers Market stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $138.60, for a total value of $560,637.00. Following the completion of the sale, the chief executive officer owned 174,740 shares of the company’s stock, valued at $24,218,964. The trade was a 2.26% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Kim Coffin sold 651 shares of the business’s stock in a transaction on Thursday, August 28th. The shares were sold at an average price of $141.58, for a total transaction of $92,168.58. Following the sale, 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 ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 21,447 shares of company stock valued at $2,800,812. Corporate insiders own 1.10% of the company’s stock.

Sprouts Farmers Market Trading Up 0.1%

NASDAQ SFM opened at $81.79 on Monday. The stock has a market cap of $7.96 billion, a PE ratio of 15.82, a P/E/G ratio of 1.18 and a beta of 0.72. Sprouts Farmers Market, Inc. has a twelve month low of $75.75 and a twelve month high of $182.00. The stock has a fifty day simple moving average of $106.23 and a 200-day simple moving average of $140.42.

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

Sprouts Farmers Market announced that its board has authorized a stock repurchase program on Tuesday, August 19th that authorizes the company to repurchase $0.00 in shares. This repurchase authorization authorizes the company to reacquire shares of its stock through open market purchases. Shares repurchase programs are usually a sign that the company’s leadership believes its stock is undervalued.

Analysts Set New Price Targets

SFM has been the subject of several recent analyst reports. Bank of America lowered their target price 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. The Goldman Sachs Group decreased their price objective on Sprouts Farmers Market from $178.00 to $152.00 and set a “buy” rating for the company in a report on Thursday, October 30th. Weiss Ratings cut Sprouts Farmers Market from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, October 30th. Jefferies Financial Group raised Sprouts Farmers Market from a “hold” rating to a “buy” rating and set a $190.00 target price on the stock in a research report on Friday, August 1st. Finally, Royal Bank Of Canada decreased their price target 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 research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $137.86.

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.