Edgestream Partners L.P. Has $4.11 Million Position in Sprouts Farmers Market, Inc. $SFM

Edgestream Partners L.P. lowered its holdings in Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 21.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 24,955 shares of the company’s stock after selling 6,698 shares during the quarter. Edgestream Partners L.P.’s holdings in Sprouts Farmers Market were worth $4,109,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in SFM. PNC Financial Services Group Inc. boosted its holdings in Sprouts Farmers Market by 38.2% during the first quarter. PNC Financial Services Group Inc. now owns 11,147 shares of the company’s stock valued at $1,701,000 after purchasing an additional 3,084 shares in the last quarter. New Age Alpha Advisors LLC lifted its position in shares of Sprouts Farmers Market by 121.7% during the 1st quarter. New Age Alpha Advisors LLC now owns 20,267 shares of the company’s stock worth $3,094,000 after buying an additional 11,126 shares during the period. Atria Wealth Solutions Inc. lifted its position in shares of Sprouts Farmers Market by 6.0% during the 1st quarter. Atria Wealth Solutions Inc. now owns 10,218 shares of the company’s stock worth $1,560,000 after buying an additional 582 shares during the period. Intrust Bank NA boosted its stake in Sprouts Farmers Market by 34.1% in the 1st quarter. Intrust Bank NA now owns 5,030 shares of the company’s stock valued at $768,000 after buying an additional 1,279 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in Sprouts Farmers Market by 1.0% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 997,152 shares of the company’s stock valued at $152,205,000 after buying an additional 10,059 shares in the last quarter.

Sprouts Farmers Market Stock Up 0.3%

Shares of NASDAQ SFM opened at $85.10 on Thursday. Sprouts Farmers Market, Inc. has a 12-month low of $75.75 and a 12-month high of $182.00. The firm’s 50-day simple moving average is $94.55 and its 200 day simple moving average is $133.12. The company has a quick ratio of 0.53, a current ratio of 1.05 and a debt-to-equity ratio of 0.04. The company has a market cap of $8.29 billion, a price-to-earnings ratio of 16.46, a price-to-earnings-growth ratio of 0.99 and a beta of 0.70.

Sprouts Farmers Market (NASDAQ:SFM) last posted its quarterly earnings data 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 firm had revenue of $2.20 billion during the quarter, compared to analysts’ expectations of $2.23 billion. During the same quarter last year, the company posted $0.91 EPS. The company’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. On average, research analysts expect that Sprouts Farmers Market, Inc. will post 4.29 earnings per share for the current fiscal year.

Sprouts Farmers Market announced that its Board of Directors has approved a share buyback program on Tuesday, August 19th that permits the company to repurchase $0.00 in shares. This repurchase authorization permits the company to repurchase shares of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s leadership believes its shares are undervalued.

Analysts Set New Price Targets

Several research firms have issued reports on SFM. Zacks Research lowered Sprouts Farmers Market from a “hold” rating to a “strong sell” rating in a research note on Friday, October 31st. Evercore ISI lowered their target price on shares of Sprouts Farmers Market from $175.00 to $130.00 and set an “outperform” rating on the stock in a report on Monday, October 27th. Barclays cut their price target on shares of Sprouts Farmers Market from $185.00 to $122.00 and set an “overweight” rating for the company in a report on Thursday, October 30th. UBS Group set a $108.00 price target on shares of Sprouts Farmers Market in a research report on Thursday, October 30th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Sprouts Farmers Market in a research note on Tuesday. Nine 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 stock. According to MarketBeat, Sprouts Farmers Market currently has a consensus rating of “Moderate Buy” and a consensus price target of $137.86.

Insider Buying and Selling

In other news, CEO Jack Sinclair sold 4,045 shares of Sprouts Farmers Market stock in a transaction on 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 directly owned 174,740 shares of the company’s stock, valued at approximately $17,998,220. This trade represents a 2.26% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CTO James H. Bahrenburg sold 4,292 shares of the business’s stock in a transaction on Friday, September 12th. The stock was sold at an average price of $137.06, for a total value of $588,261.52. Following the sale, the chief technology officer owned 9,167 shares of the company’s stock, valued at approximately $1,256,429.02. The trade was a 31.89% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 16,751 shares of company stock worth $2,148,006 in the last quarter. Insiders own 1.10% of the company’s stock.

Sprouts Farmers Market Company 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.