Exchange Traded Concepts LLC Takes $832,000 Position in Sprouts Farmers Market, Inc. $SFM

Exchange Traded Concepts LLC acquired a new position in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 7,646 shares of the company’s stock, valued at approximately $832,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Unified Investment Management boosted its position in Sprouts Farmers Market by 0.9% in the second quarter. Unified Investment Management now owns 7,326 shares of the company’s stock worth $1,206,000 after purchasing an additional 65 shares during the last quarter. Chicago Partners Investment Group LLC boosted its holdings in shares of Sprouts Farmers Market by 0.6% in the second quarter. Chicago Partners Investment Group LLC now owns 10,355 shares of the company’s stock worth $1,691,000 after acquiring an additional 65 shares during the period. Rossby Financial LCC boosted its stake in Sprouts Farmers Market by 2.3% in 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 period. J.W. Cole Advisors Inc. grew its stake in Sprouts Farmers Market by 0.8% during the second quarter. J.W. Cole Advisors Inc. now owns 9,069 shares of the company’s stock valued at $1,493,000 after acquiring an additional 69 shares in the last quarter. Finally, Alteri Wealth LLC grew its position in shares of Sprouts Farmers Market by 1.0% during the 2nd quarter. Alteri Wealth LLC now owns 7,627 shares of the company’s stock valued at $1,256,000 after purchasing an additional 72 shares in the last quarter.

Sprouts Farmers Market Price Performance

SFM opened at $79.60 on Monday. The stock has a 50-day moving average price of $85.49 and a 200-day moving average price of $122.51. The firm has a market cap of $7.75 billion, a PE ratio of 15.40, a P/E/G ratio of 0.92 and a beta of 0.70. Sprouts Farmers Market, Inc. has a 1 year low of $75.75 and a 1 year 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.

Sprouts Farmers Market (NASDAQ:SFM) last announced its quarterly 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 net margin of 5.93% and a return on equity of 38.03%. The company had revenue of $2.20 billion during the quarter, compared to the consensus estimate of $2.23 billion. During the same quarter last year, the firm earned $0.91 earnings per share. The firm’s quarterly 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 and its Q4 2025 guidance at 0.860-0.900 EPS. Sell-side analysts predict that Sprouts Farmers Market, Inc. will post 4.29 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Bank of America cut their price objective on Sprouts Farmers Market from $200.00 to $160.00 and set a “buy” rating for the company in a report on Thursday, October 23rd. BMO Capital Markets set a $90.00 price objective on Sprouts Farmers Market in a research note on Thursday, October 30th. Wall Street Zen downgraded shares of Sprouts Farmers Market from a “buy” rating to a “hold” rating in a research note on Sunday, December 21st. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Sprouts Farmers Market in a research report on Monday, December 22nd. Finally, JPMorgan Chase & Co. decreased 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 report on Thursday, October 30th. Nine analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Sprouts Farmers Market has an average rating of “Moderate Buy” and a consensus price target of $137.86.

Insider Activity at Sprouts Farmers Market

In other news, insider Dustin Hamilton sold 868 shares of the firm’s stock in a transaction 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 transaction, the insider directly owned 15,481 shares in the company, valued at $1,679,688.50. This trade represents a 5.31% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Jack Sinclair sold 4,045 shares of the business’s stock in a transaction dated 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 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 SEC filing for this sale provides additional information. Insiders have sold a total of 25,545 shares of company stock worth $2,250,294 over the last quarter. 1.10% of the stock is currently owned by insiders.

Sprouts Farmers Market Company Profile

Sprouts Farmers Market, Inc (NASDAQ: SFM) is a specialty grocery retailer focused on fresh, natural and organic foods. Headquartered in Phoenix, Arizona, the company operates stores designed to offer an open-market shopping experience, emphasizing quality produce sourced from regional farmers alongside organic pantry staples, dairy, meat and seafood. Sprouts’ product assortment also includes bulk foods, vitamins and supplements, a deli and prepared foods, reflecting its commitment to wellness and affordable healthy living.

Founded in 2002 by members of the Boney family, Sprouts began as a single farmers market in Chandler, Arizona.