Sprouts Farmers Market, Inc. (NASDAQ:SFM) Receives Average Rating of “Moderate Buy” from Brokerages

Sprouts Farmers Market, Inc. (NASDAQ:SFM) has earned a consensus rating of “Moderate Buy” from the sixteen analysts that are covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and nine have issued a buy rating on the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $137.8571.

Several analysts recently commented on SFM shares. Barclays dropped their price target on Sprouts Farmers Market from $185.00 to $122.00 and set an “overweight” rating for the company in a research report on Thursday, October 30th. Zacks Research cut shares of Sprouts Farmers Market from a “hold” rating to a “strong sell” rating in a research report on Friday, October 31st. The Goldman Sachs Group dropped their target price on Sprouts Farmers Market from $178.00 to $152.00 and set a “buy” rating for the company in a research report on Thursday, October 30th. BMO Capital Markets set a $90.00 target price on Sprouts Farmers Market in a report on Thursday, October 30th. Finally, Wells Fargo & Company dropped their target price 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.

Sprouts Farmers Market Trading Up 0.3%

Sprouts Farmers Market stock opened at $85.54 on Monday. The stock has a 50-day moving average price of $93.54 and a 200 day moving average price of $131.72. The company has a market capitalization of $8.33 billion, a price-to-earnings ratio of 16.55, a price-to-earnings-growth ratio of 0.98 and a beta of 0.70. Sprouts Farmers Market has a 52 week low of $75.75 and a 52 week high of $182.00. The company has a quick ratio of 0.53, a current ratio of 1.05 and a debt-to-equity ratio of 0.04.

Sprouts Farmers Market (NASDAQ:SFM) last announced its quarterly earnings results on Wednesday, October 29th. The company reported $1.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.17 by $0.05. Sprouts Farmers Market had a return on equity of 38.03% and a net margin of 5.93%.The company had revenue of $2.20 billion during the quarter, compared to the consensus estimate of $2.23 billion. During the same period in the previous year, the company posted $0.91 earnings per share. Sprouts Farmers Market’s revenue for the quarter was up 13.1% on a year-over-year basis. 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 anticipate that Sprouts Farmers Market will post 4.29 EPS for the current year.

Sprouts Farmers Market declared that its Board of Directors has initiated 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. Stock buyback programs are usually an indication that the company’s leadership believes its stock is undervalued.

Insider Transactions at Sprouts Farmers Market

In other news, insider John Scott Neal sold 17,471 shares of the business’s stock in a transaction dated Wednesday, December 3rd. The stock was sold at an average price of $85.20, for a total transaction of $1,488,529.20. Following the completion of the sale, the insider owned 14,178 shares in the company, valued at approximately $1,207,965.60. The trade was a 55.20% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CTO James H. Bahrenburg sold 4,292 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the chief technology officer owned 9,167 shares of the company’s stock, valued at approximately $1,256,429.02. This represents a 31.89% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 33,876 shares of company stock valued at $3,588,044. Company insiders own 1.10% of the company’s stock.

Institutional Investors Weigh In On Sprouts Farmers Market

Large investors have recently made changes to their positions in the company. Bank of America Corp DE increased its stake in Sprouts Farmers Market by 137.0% during the 2nd quarter. Bank of America Corp DE now owns 2,584,923 shares of the company’s stock valued at $425,582,000 after buying an additional 1,494,014 shares during the period. Marshall Wace LLP boosted its holdings in shares of Sprouts Farmers Market by 12.3% in the second quarter. Marshall Wace LLP now owns 2,314,665 shares of the company’s stock valued at $381,086,000 after acquiring an additional 252,699 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Sprouts Farmers Market by 0.7% during the first quarter. Dimensional Fund Advisors LP now owns 2,217,900 shares of the company’s stock valued at $338,481,000 after acquiring an additional 15,930 shares during the period. Invesco Ltd. increased its stake in shares of Sprouts Farmers Market by 52.8% during the second quarter. Invesco Ltd. now owns 2,131,607 shares of the company’s stock valued at $350,948,000 after acquiring an additional 737,008 shares during the period. Finally, Voloridge Investment Management LLC raised its holdings in Sprouts Farmers Market by 652.7% during the third quarter. Voloridge Investment Management LLC now owns 1,411,246 shares of the company’s stock worth $153,544,000 after purchasing an additional 1,223,753 shares in the last quarter.

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.