Ieq Capital LLC Buys Shares of 1,899 Sprouts Farmers Market, Inc. $SFM

Ieq Capital LLC bought a new stake in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 1,899 shares of the company’s stock, valued at approximately $290,000.

Other institutional investors have also added to or reduced their stakes in the company. Whipplewood Advisors LLC boosted its stake in Sprouts Farmers Market by 92.0% during the 1st quarter. Whipplewood Advisors LLC now owns 192 shares of the company’s stock valued at $29,000 after purchasing an additional 92 shares during the last quarter. Dogwood Wealth Management LLC purchased a new stake in Sprouts Farmers Market during the 1st quarter valued at $30,000. SVB Wealth LLC purchased a new stake in Sprouts Farmers Market during the 1st quarter valued at $36,000. Brooklyn Investment Group boosted its stake in Sprouts Farmers Market by 12,100.0% during the 1st quarter. Brooklyn Investment Group now owns 244 shares of the company’s stock valued at $37,000 after purchasing an additional 242 shares during the last quarter. Finally, Versant Capital Management Inc boosted its stake in shares of Sprouts Farmers Market by 111.3% in the 1st quarter. Versant Capital Management Inc now owns 319 shares of the company’s stock worth $49,000 after buying an additional 168 shares during the last quarter.

Insiders Place Their Bets

In other news, insider Timmi Zalatoris sold 2,000 shares of the business’s stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $164.38, for a total value of $328,760.00. Following the transaction, the insider directly owned 13,263 shares in the company, valued at $2,180,171.94. The trade was a 13.10% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Joseph D. O’leary sold 2,937 shares of the business’s stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $150.07, for a total value of $440,755.59. Following the completion of the transaction, the director owned 14,994 shares in the company, valued at $2,250,149.58. The trade was a 16.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 38,737 shares of company stock valued at $5,954,023. Insiders own 1.10% of the company’s stock.

Sprouts Farmers Market Stock Performance

NASDAQ SFM opened at $138.83 on Friday. The company has a market capitalization of $13.57 billion, a PE ratio of 28.57, a price-to-earnings-growth ratio of 1.58 and a beta of 0.86. The business’s fifty day moving average is $153.61 and its 200 day moving average is $156.09. Sprouts Farmers Market, Inc. has a fifty-two week low of $97.61 and a fifty-two week high of $182.00.

Sprouts Farmers Market (NASDAQ:SFM) last announced its quarterly earnings data on Wednesday, July 30th. The company reported $1.35 EPS for the quarter, beating the consensus estimate of $1.23 by $0.12. Sprouts Farmers Market had a return on equity of 36.53% and a net margin of 5.77%.The business had revenue of $2.22 billion for the quarter, compared to the consensus estimate of $2.16 billion. During the same period in the previous year, the business earned $0.94 earnings per share. The business’s revenue was up 17.3% on a year-over-year basis. Sprouts Farmers Market has set its FY 2025 guidance at 5.200-5.320 EPS. Q3 2025 guidance at 1.120-1.160 EPS. On average, sell-side analysts forecast that Sprouts Farmers Market, Inc. will post 4.29 EPS for the current year.

Sprouts Farmers Market declared that its Board of Directors has approved a stock buyback plan on Tuesday, August 19th that allows the company to repurchase $0.00 in outstanding shares. This repurchase authorization allows the company to purchase shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its shares are undervalued.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on SFM. Evercore ISI dropped their price target on Sprouts Farmers Market from $195.00 to $190.00 and set an “outperform” rating on the stock in a research note on Tuesday, August 12th. JPMorgan Chase & Co. began coverage on Sprouts Farmers Market in a research note on Wednesday, August 20th. They issued a “neutral” rating and a $159.00 price target on the stock. Wells Fargo & Company upgraded Sprouts Farmers Market from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $175.00 to $180.00 in a research note on Tuesday, August 5th. Royal Bank Of Canada raised their price target on Sprouts Farmers Market from $173.00 to $176.00 and gave the stock a “sector perform” rating in a research note on Thursday, July 31st. Finally, Barclays upgraded Sprouts Farmers Market from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $173.00 to $185.00 in a research note on Thursday, July 31st. Eight investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Sprouts Farmers Market has a consensus rating of “Moderate Buy” and an average target price of $173.73.

Sprouts Farmers Market Profile

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.