Balyasny Asset Management L.P. Purchases 164,752 Shares of Sprouts Farmers Market, Inc. $SFM

Balyasny Asset Management L.P. boosted its holdings in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 21.3% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 937,015 shares of the company’s stock after purchasing an additional 164,752 shares during the period. Balyasny Asset Management L.P. owned about 0.96% of Sprouts Farmers Market worth $154,270,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Truvestments Capital LLC acquired a new position in shares of Sprouts Farmers Market during the 1st quarter worth $35,000. SVB Wealth LLC bought a new position in Sprouts Farmers Market in the first quarter valued at about $36,000. Brooklyn Investment Group grew its position in Sprouts Farmers Market by 12,100.0% in the first quarter. Brooklyn Investment Group now owns 244 shares of the company’s stock valued at $37,000 after acquiring an additional 242 shares during the last quarter. Global Trust Asset Management LLC raised its stake in Sprouts Farmers Market by 520.8% during 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 in the last quarter. Finally, Cullen Frost Bankers Inc. lifted its holdings 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 worth $69,000 after acquiring an additional 158 shares during the last quarter.

Insider Activity

In other news, CEO Jack Sinclair sold 4,045 shares of the stock in a transaction dated Monday, October 6th. The stock was sold at an average price of $103.00, for a total value of $416,635.00. Following the completion of the sale, the chief executive officer owned 174,740 shares of the company’s stock, valued at approximately $17,998,220. This represents a 2.26% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Dustin Hamilton sold 868 shares of Sprouts Farmers Market stock in a transaction that occurred on Tuesday, October 14th. The stock was sold at an average price of $108.50, for a total value of $94,178.00. Following the completion of the transaction, the insider directly owned 15,481 shares in the company, valued at approximately $1,679,688.50. This represents a 5.31% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 22,384 shares of company stock valued at $1,999,342. Company insiders own 1.10% of the company’s stock.

Sprouts Farmers Market Price Performance

SFM stock opened at $79.54 on Friday. The company has a market capitalization of $7.74 billion, a P/E ratio of 15.38, a PEG ratio of 0.92 and a beta of 0.70. The company has a fifty day moving average price of $90.94 and a 200-day moving average price of $129.32. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.53 and a current ratio of 1.05. Sprouts Farmers Market, Inc. has a 52-week low of $75.75 and a 52-week high of $182.00.

Sprouts Farmers Market (NASDAQ:SFM) last issued its quarterly earnings data 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. The company had revenue of $2.20 billion for the quarter, compared to analysts’ expectations of $2.23 billion. Sprouts Farmers Market had a net margin of 5.93% and a return on equity of 38.03%. Sprouts Farmers Market’s revenue for the quarter was up 13.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.91 earnings per share. 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 expect that Sprouts Farmers Market, Inc. will post 4.29 EPS for the current year.

Sprouts Farmers Market announced that its board has approved a share buyback plan 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. Shares repurchase plans are generally an indication that the company’s board believes its stock is undervalued.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on SFM shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Sprouts Farmers Market in a report on Monday. Wells Fargo & Company cut their target price on shares of Sprouts Farmers Market from $180.00 to $135.00 and set an “overweight” rating on the stock in a research report on Thursday, October 30th. Roth Capital reiterated a “neutral” rating and set a $91.00 price target on shares of Sprouts Farmers Market in a report on Thursday, October 30th. The Goldman Sachs Group dropped their price target on Sprouts Farmers Market from $178.00 to $152.00 and set a “buy” rating for the company in a research note on Thursday, October 30th. Finally, Bank of America reduced their price objective on Sprouts Farmers Market from $200.00 to $160.00 and set a “buy” rating on the stock in a research report on Thursday, October 23rd. Nine research 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’s stock. According to MarketBeat, Sprouts Farmers Market currently has an average rating of “Moderate Buy” and a consensus price target 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.