Edgestream Partners L.P. Has $4.11 Million Stake in Sprouts Farmers Market, Inc. $SFM

Edgestream Partners L.P. trimmed its stake in Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 21.2% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 24,955 shares of the company’s stock after selling 6,698 shares during the quarter. Edgestream Partners L.P.’s holdings in Sprouts Farmers Market were worth $4,109,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in SFM. NewSquare Capital LLC lifted its position in shares of Sprouts Farmers Market by 83,859.0% in the second quarter. NewSquare Capital LLC now owns 32,744 shares of the company’s stock worth $5,391,000 after buying an additional 32,705 shares during the last quarter. AMF Tjanstepension AB bought a new position in shares of Sprouts Farmers Market in the 2nd quarter valued at approximately $1,580,000. Silver Oak Securities Incorporated bought a new position in shares of Sprouts Farmers Market in the 2nd quarter valued at approximately $727,000. Los Angeles Capital Management LLC lifted its holdings in Sprouts Farmers Market by 509.9% in the 2nd quarter. Los Angeles Capital Management LLC now owns 232,390 shares of the company’s stock worth $38,261,000 after purchasing an additional 194,289 shares during the last quarter. Finally, Maverick Capital Ltd. acquired a new stake in Sprouts Farmers Market in the 1st quarter worth approximately $8,341,000.

Analyst Ratings Changes

Several equities analysts have commented on the company. Evercore ISI lowered their price target on 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. lowered their target price on shares of Sprouts Farmers Market from $124.00 to $91.00 and set a “neutral” rating on the stock in a research note on Thursday, October 30th. Weiss Ratings reiterated a “hold (c)” rating on shares of Sprouts Farmers Market in a report on Tuesday. Barclays cut 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 report on Thursday, October 30th. Finally, UBS Group set a $108.00 price target on Sprouts Farmers Market in a research report on Thursday, October 30th. Nine investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $137.86.

Insider Buying and Selling

In related news, insider Dustin Hamilton sold 868 shares of the business’s stock in a transaction dated Tuesday, October 14th. The stock was sold at an average price of $108.50, for a total transaction of $94,178.00. Following the transaction, the insider directly owned 15,481 shares in the company, valued at $1,679,688.50. The trade was a 5.31% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CTO James H. Bahrenburg sold 4,292 shares of the company’s stock in a transaction that occurred on Friday, September 12th. The shares were sold at an average price of $137.06, for a total value of $588,261.52. Following the completion of the transaction, the chief technology officer directly 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 disclosure for this sale is available in the SEC filing. Insiders have sold a total of 16,751 shares of company stock valued at $2,148,006 over the last three months. 1.10% of the stock is owned by corporate insiders.

Sprouts Farmers Market Price Performance

NASDAQ:SFM opened at $85.10 on Thursday. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.05 and a quick ratio of 0.53. Sprouts Farmers Market, Inc. has a one year low of $75.75 and a one year high of $182.00. The company has a fifty day moving average price of $94.55 and a 200 day moving average price of $133.12. The stock has a market cap of $8.29 billion, a P/E ratio of 16.46, a PEG ratio of 0.99 and a beta of 0.70.

Sprouts Farmers Market (NASDAQ:SFM) last posted its quarterly earnings results on Wednesday, October 29th. The company reported $1.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.17 by $0.05. Sprouts Farmers Market had a net margin of 5.93% and a return on equity of 38.03%. The company had revenue of $2.20 billion for the quarter, compared to analyst estimates of $2.23 billion. During the same period last year, the business posted $0.91 EPS. The business’s quarterly revenue 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 and its Q4 2025 guidance at 0.860-0.900 EPS. Analysts anticipate that Sprouts Farmers Market, Inc. will post 4.29 earnings per share for the current year.

Sprouts Farmers Market declared that its Board of Directors has approved a stock repurchase program on Tuesday, August 19th that permits the company to repurchase $0.00 in shares. This repurchase authorization permits the company to purchase shares of its stock through open market purchases. Shares repurchase programs are typically an indication that the company’s board of directors believes its shares are 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.