7,646 Shares in Sprouts Farmers Market, Inc. $SFM Acquired by Exchange Traded Concepts LLC

Exchange Traded Concepts LLC acquired a new position in Sprouts Farmers Market, Inc. (NASDAQ:SFM) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 7,646 shares of the company’s stock, valued at approximately $832,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in SFM. Northwestern Mutual Wealth Management Co. grew its holdings in Sprouts Farmers Market by 429.0% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 3,280 shares of the company’s stock valued at $501,000 after buying an additional 2,660 shares in the last quarter. Ieq Capital LLC purchased a new position in shares of Sprouts Farmers Market in the first quarter worth $290,000. Canada Pension Plan Investment Board boosted its position in shares of Sprouts Farmers Market by 58.7% during the first quarter. Canada Pension Plan Investment Board now owns 253,300 shares of the company’s stock worth $38,664,000 after acquiring an additional 93,700 shares during the last quarter. Vident Advisory LLC grew its stake in Sprouts Farmers Market by 26.7% during the first quarter. Vident Advisory LLC now owns 9,683 shares of the company’s stock valued at $1,478,000 after acquiring an additional 2,042 shares in the last quarter. Finally, Baird Financial Group Inc. purchased a new position in Sprouts Farmers Market during the first quarter valued at $301,000.

Sprouts Farmers Market Trading Down 0.1%

Shares of NASDAQ SFM opened at $79.60 on Monday. Sprouts Farmers Market, Inc. has a 1-year low of $75.75 and a 1-year high of $182.00. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.05 and a quick ratio of 0.53. The business’s 50 day moving average is $85.49 and its two-hundred day moving average is $122.51. The stock has a market capitalization of $7.75 billion, a P/E ratio of 15.40, a PEG ratio of 0.92 and a beta of 0.70.

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

Wall Street Analyst Weigh In

Several brokerages have commented on SFM. Weiss Ratings reiterated a “hold (c)” rating on shares of Sprouts Farmers Market in a research note on Monday, December 22nd. BMO Capital Markets set a $90.00 target price on Sprouts Farmers Market in a research report on Thursday, October 30th. Wall Street Zen lowered Sprouts Farmers Market from a “buy” rating to a “hold” rating in a research note on Sunday, December 21st. Barclays reduced their price objective on Sprouts Farmers Market from $185.00 to $122.00 and set an “overweight” rating on the stock in a research note on Thursday, October 30th. Finally, Roth Capital reiterated a “neutral” rating and set a $91.00 target price on shares of Sprouts Farmers Market in a research report on Thursday, October 30th. Nine equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $137.86.

Insider Activity

In other news, CEO Jack Sinclair sold 4,045 shares of the firm’s stock in a transaction dated Monday, October 6th. The shares were 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 owned 174,740 shares in the company, valued at approximately $17,998,220. This trade represents a 2.26% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CMO Alisa Gmelich sold 3,161 shares of the firm’s stock in a transaction dated Friday, December 12th. The stock was sold at an average price of $79.39, for a total transaction of $250,951.79. Following the completion of the sale, the chief marketing officer directly owned 5,552 shares of the company’s stock, valued at approximately $440,773.28. The trade was a 36.28% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 25,545 shares of company stock worth $2,250,294. Insiders own 1.10% of the company’s stock.

About Sprouts Farmers Market

Sprouts Farmers Market, Inc (NASDAQ: SFM) is a specialty grocery retailer focused on fresh, natural and organic foods. Headquartered in Phoenix, Arizona, the company operates stores designed to offer an open-market shopping experience, emphasizing quality produce sourced from regional farmers alongside organic pantry staples, dairy, meat and seafood. Sprouts’ product assortment also includes bulk foods, vitamins and supplements, a deli and prepared foods, reflecting its commitment to wellness and affordable healthy living.

Founded in 2002 by members of the Boney family, Sprouts began as a single farmers market in Chandler, Arizona.