Sprouts Farmers Market, Inc. $SFM Shares Acquired by Mackenzie Financial Corp

Mackenzie Financial Corp boosted its holdings in Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 149.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 23,594 shares of the company’s stock after purchasing an additional 14,154 shares during the quarter. Mackenzie Financial Corp’s holdings in Sprouts Farmers Market were worth $3,885,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in SFM. Truvestments Capital LLC bought a new position in shares of Sprouts Farmers Market in the 1st quarter worth about $35,000. SVB Wealth LLC acquired a new stake in Sprouts Farmers Market during the first quarter worth about $36,000. Brooklyn Investment Group lifted its holdings in Sprouts Farmers Market by 12,100.0% in the first quarter. Brooklyn Investment Group now owns 244 shares of the company’s stock worth $37,000 after acquiring an additional 242 shares during the last quarter. Global Trust Asset Management LLC boosted its stake in Sprouts Farmers Market by 520.8% in the second quarter. Global Trust Asset Management LLC now owns 298 shares of the company’s stock valued at $49,000 after acquiring an additional 250 shares during the period. Finally, Cullen Frost Bankers Inc. boosted its stake in Sprouts Farmers Market by 60.5% in the second quarter. Cullen Frost Bankers Inc. now owns 419 shares of the company’s stock valued at $69,000 after acquiring an additional 158 shares during the period.

Insider Buying and Selling

In other Sprouts Farmers Market news, insider Dustin Hamilton sold 868 shares of the company’s stock in a transaction that occurred on Tuesday, October 14th. The stock was sold at an average price of $108.50, for a total value of $94,178.00. Following the completion of the sale, the insider directly owned 15,481 shares in the company, valued at $1,679,688.50. This represents a 5.31% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CTO James H. Bahrenburg sold 4,292 shares of the stock in a transaction on Friday, September 12th. The shares were sold at an average price of $137.06, for a total value of $588,261.52. Following the transaction, the chief technology officer directly 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 ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 16,405 shares of company stock valued at $2,099,515 over the last quarter. Corporate insiders own 1.10% of the company’s stock.

Sprouts Farmers Market Price Performance

Shares of NASDAQ SFM opened at $85.25 on Friday. The stock has a market cap of $8.30 billion, a P/E ratio of 16.49, a P/E/G ratio of 0.98 and a beta of 0.70. The firm’s 50-day simple moving average is $94.02 and its 200 day simple moving average is $132.78. Sprouts Farmers Market, Inc. has a fifty-two week low of $75.75 and a fifty-two 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 released its earnings results on Wednesday, October 29th. The company reported $1.22 EPS 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 for the quarter, compared to analysts’ expectations of $2.23 billion. During the same quarter last year, the company earned $0.91 EPS. Sprouts Farmers Market’s quarterly revenue 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. Equities analysts expect 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 shares. This repurchase authorization allows the company to repurchase shares of its stock through open market purchases. Shares repurchase plans are generally a sign that the company’s management believes its shares are undervalued.

Wall Street Analyst Weigh In

SFM has been the topic of several recent research reports. BMO Capital Markets set a $90.00 price target on Sprouts Farmers Market in a report on Thursday, October 30th. UBS Group set a $108.00 target price on Sprouts Farmers Market in a research note on Thursday, October 30th. JPMorgan Chase & Co. reduced their price target on shares of Sprouts Farmers Market from $124.00 to $91.00 and set a “neutral” rating for the company in a report on Thursday, October 30th. Royal Bank Of Canada dropped their price objective on shares of Sprouts Farmers Market from $148.00 to $140.00 and set an “outperform” rating on the stock in a report on Thursday, October 30th. Finally, Wells Fargo & Company reduced their target price on shares of Sprouts Farmers Market from $180.00 to $135.00 and set an “overweight” rating for the company in a research note on Thursday, October 30th. Nine investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $137.86.

Sprouts Farmers Market 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.