Magnetar Financial LLC Acquires Shares of 29,572 Sprouts Farmers Market, Inc. $SFM

Magnetar Financial LLC bought a new position in Sprouts Farmers Market, Inc. (NASDAQ:SFM) in the second quarter, HoldingsChannel reports. The firm bought 29,572 shares of the company’s stock, valued at approximately $4,869,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of SFM. Truvestments Capital LLC bought a new stake in Sprouts Farmers Market in the first quarter worth $35,000. SVB Wealth LLC purchased a new stake in shares of Sprouts Farmers Market in the first quarter valued at $36,000. Brooklyn Investment Group lifted its holdings in shares of Sprouts Farmers Market by 12,100.0% in the 1st quarter. Brooklyn Investment Group now owns 244 shares of the company’s stock worth $37,000 after acquiring an additional 242 shares during the last quarter. Global Trust Asset Management LLC boosted its stake in shares of Sprouts Farmers Market by 520.8% during the 2nd quarter. Global Trust Asset Management LLC now owns 298 shares of the company’s stock worth $49,000 after purchasing an additional 250 shares during the period. Finally, Cullen Frost Bankers Inc. grew its holdings in Sprouts Farmers Market by 60.5% during the 2nd quarter. Cullen Frost Bankers Inc. now owns 419 shares of the company’s stock valued at $69,000 after purchasing an additional 158 shares during the last quarter.

Sprouts Farmers Market Stock Up 2.1%

Shares of NASDAQ SFM opened at $81.83 on Friday. Sprouts Farmers Market, Inc. has a twelve month low of $75.75 and a twelve month high of $182.00. The firm has a market cap of $7.97 billion, a PE ratio of 15.83, a price-to-earnings-growth ratio of 1.18 and a beta of 0.72. The business has a fifty day simple moving average of $100.72 and a two-hundred day simple moving average of $137.71.

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 analysts’ consensus estimates of $1.17 by $0.05. The business had revenue of $2.20 billion for the quarter, compared to the consensus estimate of $2.23 billion. Sprouts Farmers Market had a return on equity of 38.83% and a net margin of 5.93%.The business’s revenue was up 13.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.91 EPS. Sprouts Farmers Market has set its FY 2025 guidance at 5.240-5.280 EPS. Q4 2025 guidance at 0.860-0.900 EPS. On average, research analysts expect that Sprouts Farmers Market, Inc. will post 4.29 earnings per share for the current year.

Sprouts Farmers Market announced that its Board of Directors has initiated a stock repurchase plan on Tuesday, August 19th that authorizes the company to buyback $0.00 in outstanding shares. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Shares buyback plans are often a sign that the company’s management believes its shares are undervalued.

Analyst Upgrades and Downgrades

SFM has been the topic of a number of recent analyst reports. The Goldman Sachs Group reduced their price objective on shares of Sprouts Farmers Market from $178.00 to $152.00 and set a “buy” rating on the stock in a research report on Thursday, October 30th. Wells Fargo & Company reduced their price target on Sprouts Farmers Market from $180.00 to $135.00 and set an “overweight” rating on the stock in a report on Thursday, October 30th. Evercore ISI cut their price objective on Sprouts Farmers Market from $175.00 to $130.00 and set an “outperform” rating on the stock in a research report on Monday, October 27th. Royal Bank Of Canada reduced their target price on Sprouts Farmers Market from $148.00 to $140.00 and set an “outperform” rating on the stock in a research note on Thursday, October 30th. Finally, Jefferies Financial Group upgraded Sprouts Farmers Market from a “hold” rating to a “buy” rating and set a $190.00 target price for the company in a research report on Friday, August 1st. Nine equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Sprouts Farmers Market has an average rating of “Moderate Buy” and an average target price of $137.86.

Insider Buying and Selling at Sprouts Farmers Market

In other news, CTO James H. Bahrenburg sold 4,292 shares of the stock in a transaction that occurred 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 transaction, the chief technology officer directly owned 9,167 shares in the company, valued at approximately $1,256,429.02. This trade represents a 31.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Kim Coffin sold 651 shares of Sprouts Farmers Market stock in a transaction that occurred on Thursday, August 28th. The shares were sold at an average price of $141.58, for a total transaction of $92,168.58. Following the transaction, the senior vice president directly owned 11,235 shares in the company, valued at approximately $1,590,651.30. The trade was a 5.48% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 21,447 shares of company stock valued at $2,800,812 in the last 90 days. Insiders own 1.10% of the company’s stock.

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.