Sprouts Farmers Market, Inc. $SFM Shares Sold by Fiera Capital Corp

Fiera Capital Corp lessened its holdings in Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 48.1% in the 2nd quarter, Holdings Channel.com reports. The firm owned 147,115 shares of the company’s stock after selling 136,358 shares during the quarter. Fiera Capital Corp’s holdings in Sprouts Farmers Market were worth $24,221,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Truvestments Capital LLC acquired a new stake in Sprouts Farmers Market in the first quarter valued at approximately $35,000. SVB Wealth LLC acquired a new stake in Sprouts Farmers Market in the 1st quarter valued at $36,000. Brooklyn Investment Group grew its stake in Sprouts Farmers Market by 12,100.0% in the 1st 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 period. Global Trust Asset Management LLC increased its holdings in Sprouts Farmers Market by 520.8% in the 2nd 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. raised its position in Sprouts Farmers Market by 60.5% during 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 period.

Sprouts Farmers Market Trading Down 0.5%

Shares of NASDAQ SFM opened at $81.69 on Friday. The stock has a market cap of $7.95 billion, a PE ratio of 15.80, a P/E/G ratio of 1.18 and a beta of 0.72. Sprouts Farmers Market, Inc. has a 12-month low of $75.75 and a 12-month high of $182.00. The company has a 50-day moving average of $107.37 and a 200 day moving average of $141.47.

Sprouts Farmers Market (NASDAQ:SFM) last released its earnings results on Wednesday, October 29th. The company reported $1.22 earnings per share 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 analyst estimates of $2.23 billion. Sprouts Farmers Market had a net margin of 5.93% and a return on equity of 38.83%. The business’s revenue was up 13.1% on a year-over-year basis. During the same period last year, the company posted $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, sell-side analysts forecast that Sprouts Farmers Market, Inc. will post 4.29 EPS for the current fiscal year.

Sprouts Farmers Market declared that its Board of Directors has approved a share repurchase program on Tuesday, August 19th that permits the company to buyback $0.00 in outstanding shares. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company’s board of directors believes its shares are undervalued.

Insider Buying and Selling

In other Sprouts Farmers Market news, insider Dustin Hamilton sold 7,200 shares of the business’s stock in a transaction on Thursday, September 11th. The stock was sold at an average price of $138.95, for a total transaction of $1,000,440.00. Following the transaction, the insider owned 16,349 shares of the company’s stock, valued at approximately $2,271,693.55. The trade was a 30.57% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Kim Coffin sold 651 shares of the firm’s stock in a transaction on Thursday, August 28th. The stock was sold at an average price of $141.58, for a total value of $92,168.58. Following the completion of the sale, the senior vice president directly owned 11,235 shares of the company’s stock, valued at $1,590,651.30. This trade represents a 5.48% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 21,447 shares of company stock worth $2,800,812. 1.10% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on SFM shares. BMO Capital Markets set a $90.00 price objective on shares of Sprouts Farmers Market in a report on Thursday, October 30th. Roth Capital reaffirmed a “neutral” rating and issued a $91.00 price target on shares of Sprouts Farmers Market in a research note on Thursday, October 30th. Weiss Ratings cut Sprouts Farmers Market from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, October 30th. Royal Bank Of Canada reduced their target price on Sprouts Farmers Market from $148.00 to $140.00 and set an “outperform” rating for the company in a report on Thursday, October 30th. Finally, Wells Fargo & Company decreased their target price on 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. Nine research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average 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.