Sprouts Farmers Market, Inc. $SFM Shares Purchased by Catalyst Funds Management Pty Ltd

Catalyst Funds Management Pty Ltd raised its holdings in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 171.4% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 30,400 shares of the company’s stock after purchasing an additional 19,200 shares during the period. Sprouts Farmers Market accounts for approximately 1.4% of Catalyst Funds Management Pty Ltd’s holdings, making the stock its 8th biggest holding. Catalyst Funds Management Pty Ltd’s holdings in Sprouts Farmers Market were worth $5,005,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of SFM. NewSquare Capital LLC raised its position in shares of Sprouts Farmers Market by 83,859.0% during the 2nd quarter. NewSquare Capital LLC now owns 32,744 shares of the company’s stock valued at $5,391,000 after acquiring an additional 32,705 shares during the last quarter. AMF Tjanstepension AB acquired a new stake in shares of Sprouts Farmers Market during the second quarter worth $1,580,000. Silver Oak Securities Incorporated acquired a new position in Sprouts Farmers Market in the second quarter valued at about $727,000. Maverick Capital Ltd. acquired a new position in Sprouts Farmers Market in the first quarter valued at about $8,341,000. Finally, Andrew Hill Investment Advisors Inc. bought a new position in Sprouts Farmers Market during the second quarter worth about $3,128,000.

Sprouts Farmers Market Stock Up 0.8%

Sprouts Farmers Market stock opened at $81.81 on Thursday. The stock has a market capitalization of $7.97 billion, a PE ratio of 15.82, a price-to-earnings-growth 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 company has a 50 day moving average of $102.95 and a 200-day moving average of $138.74.

Sprouts Farmers Market (NASDAQ:SFM) last issued its quarterly earnings data on Wednesday, October 29th. The company reported $1.22 EPS for the quarter, topping analysts’ consensus estimates of $1.17 by $0.05. The business had revenue of $2.20 billion for the quarter, compared to analyst estimates of $2.23 billion. Sprouts Farmers Market had a net margin of 5.93% and a return on equity of 38.83%. The firm’s quarterly revenue was up 13.1% on a year-over-year basis. During the same period last year, the business 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. Equities analysts anticipate that Sprouts Farmers Market, Inc. will post 4.29 EPS for the current fiscal year.

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

Analyst Upgrades and Downgrades

SFM has been the topic of a number of analyst reports. BMO Capital Markets set a $90.00 price target on shares of Sprouts Farmers Market in a research report on Thursday, October 30th. Barclays lowered their target price on shares of Sprouts Farmers Market from $185.00 to $122.00 and set an “overweight” rating for the company in a research note on Thursday, October 30th. Evercore ISI cut their target price on shares of Sprouts Farmers Market from $175.00 to $130.00 and set an “outperform” rating on the stock in a report on Monday, October 27th. JPMorgan Chase & Co. reduced their price target on shares of Sprouts Farmers Market from $124.00 to $91.00 and set a “neutral” rating on the stock in a research report on Thursday, October 30th. Finally, The Goldman Sachs Group lowered 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 report on Thursday, October 30th. Nine research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $137.86.

Insider Transactions at Sprouts Farmers Market

In related news, CTO James H. Bahrenburg sold 4,292 shares of Sprouts Farmers Market stock in a transaction that occurred 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 sale, the chief technology officer owned 9,167 shares of the company’s stock, 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 can be accessed through this hyperlink. Also, SVP Kim Coffin sold 651 shares of the business’s stock in a transaction that occurred on Thursday, August 28th. The shares were sold at an average price of $141.58, for a total value of $92,168.58. Following the completion of the sale, the senior vice president owned 11,235 shares in the company, valued at $1,590,651.30. The trade was a 5.48% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 21,447 shares of company stock valued at $2,800,812. 1.10% of the stock is currently owned by company insiders.

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.