Federated Hermes Inc. Increases Stock Position in Sprouts Farmers Market, Inc. $SFM

Federated Hermes Inc. grew its holdings in Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 23.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 489,243 shares of the company’s stock after purchasing an additional 92,518 shares during the quarter. Federated Hermes Inc. owned approximately 0.50% of Sprouts Farmers Market worth $80,549,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of SFM. Truvestments Capital LLC acquired a new position in shares of Sprouts Farmers Market during the 1st quarter worth approximately $35,000. SVB Wealth LLC acquired a new stake in Sprouts Farmers Market during the 1st quarter valued at $36,000. Brooklyn Investment Group increased its position in Sprouts Farmers Market by 12,100.0% during the first quarter. Brooklyn Investment Group now owns 244 shares of the company’s stock worth $37,000 after buying an additional 242 shares in the last quarter. Global Trust Asset Management LLC raised its holdings in shares of Sprouts Farmers Market by 520.8% in the second quarter. Global Trust Asset Management LLC now owns 298 shares of the company’s stock worth $49,000 after acquiring an additional 250 shares during the last quarter. Finally, Cullen Frost Bankers Inc. lifted its position in shares of Sprouts Farmers Market by 60.5% in the second quarter. Cullen Frost Bankers Inc. now owns 419 shares of the company’s stock valued at $69,000 after acquiring an additional 158 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on SFM shares. Roth Capital reaffirmed a “neutral” rating and set a $91.00 price objective on shares of Sprouts Farmers Market in a research note on Thursday, October 30th. JPMorgan Chase & Co. reduced 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 report on Thursday, October 30th. BMO Capital Markets set a $90.00 price target on shares of Sprouts Farmers Market in a research note on Thursday, October 30th. Weiss Ratings reissued a “hold (c)” rating on shares of Sprouts Farmers Market in a research report on Tuesday, December 2nd. Finally, Wall Street Zen downgraded shares of Sprouts Farmers Market from a “buy” rating to a “hold” rating in a research note on Monday, November 3rd. 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 stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $137.86.

Insider Activity at Sprouts Farmers Market

In other news, CTO James H. Bahrenburg sold 4,292 shares of the business’s stock in a transaction on 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 sale, the chief technology officer directly owned 9,167 shares of the company’s stock, valued at $1,256,429.02. The trade was a 31.89% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Jack Sinclair sold 4,045 shares of the company’s stock in a transaction on Monday, October 6th. The stock was sold at an average price of $103.00, for a total value of $416,635.00. Following the sale, the chief executive officer owned 174,740 shares of the company’s stock, valued at approximately $17,998,220. The trade was a 2.26% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 33,876 shares of company stock worth $3,588,044 in the last 90 days. Company insiders own 1.10% of the company’s stock.

Sprouts Farmers Market Trading Up 0.3%

NASDAQ SFM opened at $85.54 on Monday. The company has a market cap of $8.33 billion, a P/E ratio of 16.55, a P/E/G ratio of 0.98 and a beta of 0.70. Sprouts Farmers Market, Inc. has a 12 month low of $75.75 and a 12 month high of $182.00. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.05 and a quick ratio of 0.53. The company has a 50-day moving average of $93.54 and a 200-day moving average of $131.72.

Sprouts Farmers Market (NASDAQ:SFM) last released its 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 business had revenue of $2.20 billion for the quarter, compared to analysts’ expectations of $2.23 billion. During the same period last year, the company earned $0.91 earnings per share. The company’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. As a group, equities analysts predict that Sprouts Farmers Market, Inc. will post 4.29 earnings per share for the current year.

Sprouts Farmers Market declared that its board has approved a share repurchase program on Tuesday, August 19th that permits the company to repurchase $0.00 in outstanding shares. This repurchase authorization permits the company to repurchase shares of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s board of directors believes its stock is undervalued.

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.