Blueshift Asset Management LLC Acquires 14,787 Shares of Sprouts Farmers Market, Inc. $SFM

Blueshift Asset Management LLC grew its holdings in Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 395.8% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 18,523 shares of the company’s stock after buying an additional 14,787 shares during the period. Sprouts Farmers Market accounts for approximately 0.9% of Blueshift Asset Management LLC’s portfolio, making the stock its 7th largest position. Blueshift Asset Management LLC’s holdings in Sprouts Farmers Market were worth $3,050,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in SFM. Arrowstreet Capital Limited Partnership raised its stake in Sprouts Farmers Market by 547.1% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 560,857 shares of the company’s stock valued at $92,339,000 after acquiring an additional 474,178 shares during the last quarter. Westerkirk Capital Inc. purchased a new stake in shares of Sprouts Farmers Market during the second quarter worth approximately $636,000. M&T Bank Corp raised its stake in shares of Sprouts Farmers Market by 11.6% during the second quarter. M&T Bank Corp now owns 7,289 shares of the company’s stock worth $1,200,000 after purchasing an additional 755 shares during the last quarter. OMERS ADMINISTRATION Corp purchased a new stake in shares of Sprouts Farmers Market during the second quarter worth approximately $2,124,000. Finally, Shelton Capital Management lifted its holdings in shares of Sprouts Farmers Market by 5.7% during the second quarter. Shelton Capital Management now owns 3,847 shares of the company’s stock worth $633,000 after purchasing an additional 209 shares during the period.

Insider Buying and Selling at Sprouts Farmers Market

In other news, CEO Jack Sinclair sold 4,045 shares of the stock in a transaction that occurred on Monday, October 6th. The shares were sold at an average price of $103.00, for a total value of $416,635.00. Following 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 transaction, the chief technology officer owned 9,167 shares of the company’s stock, valued at $1,256,429.02. This represents a 31.89% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 16,751 shares of company stock worth $2,148,006. 1.10% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. Evercore ISI dropped their price objective on shares of Sprouts Farmers Market from $175.00 to $130.00 and set an “outperform” rating on the stock in a research note on Monday, October 27th. The Goldman Sachs Group dropped their price target on shares of Sprouts Farmers Market from $178.00 to $152.00 and set a “buy” rating on the stock in a research note on Thursday, October 30th. JPMorgan Chase & Co. reduced their price objective on shares of Sprouts Farmers Market from $124.00 to $91.00 and set a “neutral” rating for the company in a research report on Thursday, October 30th. Roth Capital reiterated a “neutral” rating and set a $91.00 target price on shares of Sprouts Farmers Market in a research report on Thursday, October 30th. Finally, Royal Bank Of Canada reduced their price target on Sprouts Farmers Market from $148.00 to $140.00 and set an “outperform” rating for the company in a report on Thursday, October 30th. Nine analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $137.86.

Sprouts Farmers Market Price Performance

NASDAQ SFM opened at $85.86 on Tuesday. The business has a 50 day moving average price of $95.85 and a 200 day moving average price of $134.04. The company has a market capitalization of $8.36 billion, a P/E ratio of 16.61, a PEG ratio of 1.18 and a beta of 0.72. Sprouts Farmers Market, Inc. has a 1-year low of $75.75 and a 1-year high of $182.00.

Sprouts Farmers Market (NASDAQ:SFM) last posted its earnings results on Wednesday, October 29th. The company reported $1.22 earnings per share for the quarter, beating 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 analyst estimates of $2.23 billion. During the same quarter in the prior year, the company earned $0.91 earnings per share. Sprouts Farmers Market’s revenue 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. On average, research analysts expect 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 authorized a stock repurchase program on Tuesday, August 19th that authorizes the company to buyback $0.00 in shares. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company’s board believes its stock is undervalued.

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.