Sprouts Farmers Market, Inc. $SFM Shares Sold by Verus Capital Partners LLC

Verus Capital Partners LLC trimmed its stake in Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 26.3% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 6,479 shares of the company’s stock after selling 2,311 shares during the quarter. Verus Capital Partners LLC’s holdings in Sprouts Farmers Market were worth $1,067,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of SFM. Vise Technologies Inc. acquired a new position in shares of Sprouts Farmers Market in the 2nd quarter valued at $944,000. Allworth Financial LP raised its position in shares of Sprouts Farmers Market by 57.7% in the 2nd quarter. Allworth Financial LP now owns 738 shares of the company’s stock worth $122,000 after buying an additional 270 shares during the period. Illinois Municipal Retirement Fund boosted its holdings in Sprouts Farmers Market by 166.0% in the second quarter. Illinois Municipal Retirement Fund now owns 22,547 shares of the company’s stock valued at $3,712,000 after acquiring an additional 14,072 shares during the last quarter. Future Fund LLC acquired a new position in Sprouts Farmers Market in the second quarter valued at $1,088,000. Finally, Los Angeles Capital Management LLC grew its position in Sprouts Farmers Market by 509.9% during the second quarter. Los Angeles Capital Management LLC now owns 232,390 shares of the company’s stock valued at $38,261,000 after acquiring an additional 194,289 shares during the period.

Insiders Place Their Bets

In other Sprouts Farmers Market news, 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 sale, the chief technology officer owned 9,167 shares in the company, valued at $1,256,429.02. This trade represents a 31.89% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Kim Coffin sold 651 shares of Sprouts Farmers Market stock in a transaction that occurred on Thursday, August 28th. The stock was sold at an average price of $141.58, for a total value of $92,168.58. Following the sale, the senior vice president owned 11,235 shares in the company, valued at $1,590,651.30. This represents a 5.48% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 21,447 shares of company stock valued at $2,800,812 over the last ninety days. Insiders own 1.10% of the company’s stock.

Sprouts Farmers Market Trading Down 1.2%

NASDAQ SFM opened at $78.02 on Wednesday. The stock has a market cap of $7.60 billion, a P/E ratio of 15.09, a PEG ratio of 1.18 and a beta of 0.72. The company’s fifty day simple moving average is $109.67 and its 200-day simple moving average is $142.31. Sprouts Farmers Market, Inc. has a 52 week low of $75.75 and a 52 week high of $182.00.

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. Sprouts Farmers Market had a net margin of 5.93% and a return on equity of 38.83%. The business had revenue of $2.20 billion during the quarter, compared to analyst estimates of $2.23 billion. During the same period last year, the business earned $0.91 EPS. The business’s 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. Q4 2025 guidance at 0.860-0.900 EPS. On average, research analysts expect that Sprouts Farmers Market, Inc. will post 4.29 EPS for the current fiscal year.

Sprouts Farmers Market announced that its board has authorized a share repurchase program on Tuesday, August 19th that authorizes the company to buyback $0.00 in shares. This buyback authorization authorizes the company to buy shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company’s management believes its shares are undervalued.

Analyst Ratings Changes

SFM has been the topic of a number of research reports. Wells Fargo & Company cut their price objective 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. Zacks Research lowered shares of Sprouts Farmers Market from a “hold” rating to a “strong sell” rating in a report on Friday, October 31st. Roth Capital reaffirmed a “neutral” rating and set a $91.00 price target on shares of Sprouts Farmers Market in a research report on Thursday, October 30th. UBS Group set a $108.00 price objective on shares of Sprouts Farmers Market in a research note on Thursday, October 30th. Finally, JPMorgan Chase & Co. cut their target price on shares of Sprouts Farmers Market from $124.00 to $91.00 and set a “neutral” rating on the stock in a research note on Thursday, October 30th. Nine equities research 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. Based on data from MarketBeat, Sprouts Farmers Market presently has an average rating of “Moderate Buy” and an average target price 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.