White Pine Investment CO Lowers Stake in Sprouts Farmers Market, Inc. $SFM

White Pine Investment CO decreased its position in Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 7.0% during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 77,399 shares of the company’s stock after selling 5,864 shares during the quarter. Sprouts Farmers Market makes up 3.2% of White Pine Investment CO’s portfolio, making the stock its 6th biggest holding. White Pine Investment CO’s holdings in Sprouts Farmers Market were worth $12,743,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Whipplewood Advisors LLC raised its stake in shares of Sprouts Farmers Market by 92.0% in the first quarter. Whipplewood Advisors LLC now owns 192 shares of the company’s stock worth $29,000 after buying an additional 92 shares during the period. Dogwood Wealth Management LLC purchased a new position in Sprouts Farmers Market during the 1st quarter valued at approximately $30,000. Truvestments Capital LLC purchased a new position in Sprouts Farmers Market during the 1st quarter valued at approximately $35,000. SVB Wealth LLC purchased a new position in shares of Sprouts Farmers Market in the 1st quarter worth approximately $36,000. Finally, Brooklyn Investment Group boosted its holdings in shares of Sprouts Farmers Market by 12,100.0% in the 1st quarter. Brooklyn Investment Group now owns 244 shares of the company’s stock worth $37,000 after purchasing an additional 242 shares during the period.

Insider Buying and Selling at Sprouts Farmers Market

In related news, CEO Jack Sinclair sold 4,045 shares of the business’s stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $138.60, for a total value of $560,637.00. Following the transaction, the chief executive officer owned 174,740 shares in the company, valued at $24,218,964. The trade was a 2.26% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, SVP Kim Coffin sold 651 shares of the business’s stock in a transaction dated Thursday, August 28th. The shares were sold at an average price of $141.58, for a total value of $92,168.58. Following the completion of the transaction, the senior vice president owned 11,235 shares in the company, valued at $1,590,651.30. This trade represents a 5.48% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 37,561 shares of company stock valued at $5,499,641. 1.10% of the stock is owned by insiders.

Wall Street Analyst Weigh In

SFM has been the subject of a number of research analyst reports. Barclays raised 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. JPMorgan Chase & Co. initiated coverage on Sprouts Farmers Market in a research report on Wednesday, August 20th. They set a “neutral” rating and a $159.00 target price for the company. Evercore ISI decreased their target price on Sprouts Farmers Market from $195.00 to $190.00 and set an “outperform” rating for the company in a research report on Tuesday, August 12th. Jefferies Financial Group raised Sprouts Farmers Market from a “hold” rating to a “buy” rating and set a $190.00 price target for the company in a research report on Friday, August 1st. Finally, Wall Street Zen raised Sprouts Farmers Market from a “hold” rating to a “buy” rating in a research report on Sunday, September 21st. Eight analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $178.64.

Sprouts Farmers Market Stock Performance

Shares of Sprouts Farmers Market stock opened at $109.45 on Tuesday. The firm has a market capitalization of $10.70 billion, a price-to-earnings ratio of 22.52, a PEG ratio of 1.24 and a beta of 0.87. Sprouts Farmers Market, Inc. has a fifty-two week low of $107.42 and a fifty-two week high of $182.00. The stock has a 50 day moving average of $141.18 and a 200 day moving average of $153.96.

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

Sprouts Farmers Market announced that its Board of Directors has authorized a share buyback plan on Tuesday, August 19th that allows the company to repurchase $0.00 in outstanding shares. This repurchase authorization allows the company to reacquire shares of its stock through open market purchases. Shares repurchase plans are often a sign that the company’s management believes its shares are undervalued.

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.