Insider Selling: Sprouts Farmers Market (NASDAQ:SFM) Insider Sells $1,488,529.20 in Stock

Sprouts Farmers Market, Inc. (NASDAQ:SFM) insider John Scott Neal sold 17,471 shares of the stock in a transaction dated Wednesday, December 3rd. The shares were sold at an average price of $85.20, for a total value of $1,488,529.20. Following the completion of the transaction, the insider directly owned 14,178 shares in the company, valued at $1,207,965.60. This represents a 55.20% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Sprouts Farmers Market Trading Up 0.3%

Sprouts Farmers Market stock opened at $85.54 on Monday. The stock has a 50-day moving average price of $93.54 and a 200 day moving average price of $131.72. The company has a market capitalization of $8.33 billion, a price-to-earnings ratio of 16.55, a price-to-earnings-growth ratio of 0.98 and a beta of 0.70. Sprouts Farmers Market, Inc. has a 52 week low of $75.75 and a 52 week high of $182.00. The company has a quick ratio of 0.53, a current ratio of 1.05 and a debt-to-equity ratio of 0.04.

Sprouts Farmers Market (NASDAQ:SFM) last issued its quarterly earnings results on Wednesday, October 29th. The company reported $1.22 earnings per share 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 the consensus estimate of $2.23 billion. During the same quarter in the prior year, the company earned $0.91 EPS. Sprouts Farmers Market’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. Sell-side analysts anticipate that Sprouts Farmers Market, Inc. will post 4.29 EPS for the current year.

Sprouts Farmers Market declared that its Board of Directors has initiated a stock buyback program on Tuesday, August 19th that allows the company to buyback $0.00 in shares. This buyback authorization allows the company to reacquire shares of its stock through open market purchases. Shares buyback programs are usually an indication that the company’s board of directors believes its stock is undervalued.

Institutional Investors Weigh In On Sprouts Farmers Market

A number of institutional investors have recently added to or reduced their stakes in SFM. Unified Investment Management raised its position in Sprouts Farmers Market by 0.9% during the second quarter. Unified Investment Management now owns 7,326 shares of the company’s stock worth $1,206,000 after acquiring an additional 65 shares during the period. Chicago Partners Investment Group LLC increased its stake in shares of Sprouts Farmers Market by 0.6% during the second quarter. Chicago Partners Investment Group LLC now owns 10,355 shares of the company’s stock worth $1,691,000 after purchasing an additional 65 shares in the last quarter. Rossby Financial LCC raised its position in shares of Sprouts Farmers Market by 2.3% during the 2nd quarter. Rossby Financial LCC now owns 3,059 shares of the company’s stock worth $504,000 after purchasing an additional 68 shares during the last quarter. J.W. Cole Advisors Inc. raised its position in shares of Sprouts Farmers Market by 0.8% during the 2nd quarter. J.W. Cole Advisors Inc. now owns 9,069 shares of the company’s stock worth $1,493,000 after purchasing an additional 69 shares during the last quarter. Finally, Alteri Wealth LLC lifted its stake in Sprouts Farmers Market by 1.0% in the 2nd quarter. Alteri Wealth LLC now owns 7,627 shares of the company’s stock valued at $1,256,000 after buying an additional 72 shares in the last quarter.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Royal Bank Of Canada lowered their price target on shares of Sprouts Farmers Market from $148.00 to $140.00 and set an “outperform” rating on the stock in a report on Thursday, October 30th. Zacks Research downgraded Sprouts Farmers Market from a “hold” rating to a “strong sell” rating in a research note on Friday, October 31st. Evercore ISI reduced their price target on Sprouts Farmers Market from $175.00 to $130.00 and set an “outperform” rating for the company in a research report on Monday, October 27th. Roth Capital reissued a “neutral” rating and issued a $91.00 price target on shares of Sprouts Farmers Market in a report on Thursday, October 30th. Finally, Barclays dropped their price objective on shares of Sprouts Farmers Market from $185.00 to $122.00 and set an “overweight” rating on the stock in a research note on Thursday, October 30th. Nine analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $137.86.

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.