1,203,108 Shares in Sprouts Farmers Market, Inc. $SFM Acquired by Norges Bank

Norges Bank purchased a new position in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) in the second quarter, Holdings Channel reports. The fund purchased 1,203,108 shares of the company’s stock, valued at approximately $198,080,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Avantax Advisory Services Inc. raised its position in shares of Sprouts Farmers Market by 2.1% during the 1st quarter. Avantax Advisory Services Inc. now owns 4,899 shares of the company’s stock worth $748,000 after buying an additional 99 shares in the last quarter. LPL Financial LLC increased its stake in shares of Sprouts Farmers Market by 10.0% during the first quarter. LPL Financial LLC now owns 176,618 shares of the company’s stock valued at $26,959,000 after acquiring an additional 16,096 shares during the period. Arkadios Wealth Advisors bought a new stake in Sprouts Farmers Market during the first quarter worth approximately $589,000. Natixis Advisors LLC raised its holdings in Sprouts Farmers Market by 10.7% during the first quarter. Natixis Advisors LLC now owns 53,678 shares of the company’s stock worth $8,193,000 after purchasing an additional 5,179 shares in the last quarter. Finally, PNC Financial Services Group Inc. lifted its position in Sprouts Farmers Market by 38.2% in the first quarter. PNC Financial Services Group Inc. now owns 11,147 shares of the company’s stock worth $1,701,000 after purchasing an additional 3,084 shares during the period.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. UBS Group set a $108.00 price target on Sprouts Farmers Market in a research report on Thursday, October 30th. The Goldman Sachs Group decreased their target price on Sprouts Farmers Market from $178.00 to $152.00 and set a “buy” rating for the company in a research note on Thursday, October 30th. BMO Capital Markets set a $90.00 target price on Sprouts Farmers Market in a report on Thursday, October 30th. Wells Fargo & Company dropped their price target on shares of Sprouts Farmers Market from $180.00 to $135.00 and set an “overweight” rating on the stock in a research report on Thursday, October 30th. Finally, Bank of America cut their price target on shares of Sprouts Farmers Market from $200.00 to $160.00 and set a “buy” rating for the company in a report on Thursday, October 23rd. Nine equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $137.86.

Insider Transactions at Sprouts Farmers Market

In other news, CEO Jack Sinclair sold 4,045 shares of the business’s stock in a transaction that occurred on Monday, October 6th. The shares were sold at an average price of $103.00, for a total transaction of $416,635.00. Following the sale, the chief executive officer owned 174,740 shares in the company, valued at $17,998,220. The trade was a 2.26% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CTO James H. Bahrenburg sold 4,292 shares of the firm’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 transaction of $588,261.52. Following the completion of the transaction, the chief technology officer directly owned 9,167 shares of the company’s stock, valued at $1,256,429.02. This represents a 31.89% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 16,751 shares of company stock valued at $2,148,006 over the last ninety days. Corporate insiders own 1.10% of the company’s stock.

Sprouts Farmers Market Stock Up 2.4%

Shares of Sprouts Farmers Market stock opened at $85.86 on Tuesday. Sprouts Farmers Market, Inc. has a 12-month low of $75.75 and a 12-month high of $182.00. The firm has a market capitalization of $8.36 billion, a PE ratio of 16.61, a price-to-earnings-growth ratio of 1.18 and a beta of 0.72. The stock’s fifty day moving average is $95.85 and its 200-day moving average is $134.04.

Sprouts Farmers Market (NASDAQ:SFM) last released its quarterly earnings results on Wednesday, October 29th. The company reported $1.22 earnings per share for the quarter, beating analysts’ consensus estimates of $1.17 by $0.05. The business had revenue of $2.20 billion during the quarter, compared to analyst estimates of $2.23 billion. Sprouts Farmers Market had a return on equity of 38.83% and a net margin of 5.93%.Sprouts Farmers Market’s revenue for the quarter was up 13.1% on a year-over-year basis. During the same quarter last year, the company posted $0.91 EPS. Sprouts Farmers Market has set its FY 2025 guidance at 5.240-5.280 EPS. Q4 2025 guidance at 0.860-0.900 EPS. Analysts expect that Sprouts Farmers Market, Inc. will post 4.29 EPS for the current year.

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