Marshall Wace LLP Grows Holdings in Sprouts Farmers Market, Inc. $SFM

Marshall Wace LLP lifted its position in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 12.3% during the 2nd quarter, HoldingsChannel reports. The fund owned 2,314,665 shares of the company’s stock after purchasing an additional 252,699 shares during the period. Sprouts Farmers Market accounts for 0.4% of Marshall Wace LLP’s portfolio, making the stock its 28th biggest position. Marshall Wace LLP’s holdings in Sprouts Farmers Market were worth $381,086,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Unified Investment Management grew its holdings in Sprouts Farmers Market by 0.9% in the second quarter. Unified Investment Management now owns 7,326 shares of the company’s stock valued at $1,206,000 after purchasing an additional 65 shares during the period. Chicago Partners Investment Group LLC grew its stake in Sprouts Farmers Market by 0.6% in the 2nd quarter. Chicago Partners Investment Group LLC now owns 10,355 shares of the company’s stock valued at $1,691,000 after acquiring an additional 65 shares during the period. Rossby Financial LCC increased its holdings in Sprouts Farmers Market by 2.3% in the 2nd quarter. Rossby Financial LCC now owns 3,059 shares of the company’s stock worth $504,000 after acquiring an additional 68 shares in the last quarter. J.W. Cole Advisors Inc. increased its holdings in Sprouts Farmers Market by 0.8% in the 2nd quarter. J.W. Cole Advisors Inc. now owns 9,069 shares of the company’s stock worth $1,493,000 after acquiring an additional 69 shares in the last quarter. Finally, Alteri Wealth LLC raised its position in Sprouts Farmers Market by 1.0% during the second quarter. Alteri Wealth LLC now owns 7,627 shares of the company’s stock worth $1,256,000 after acquiring an additional 72 shares during the period.

Sprouts Farmers Market Stock Performance

Shares of Sprouts Farmers Market stock opened at $85.25 on Friday. The business’s 50 day moving average price is $94.02 and its 200 day moving average price is $132.78. The company has a market cap of $8.30 billion, a price-to-earnings ratio of 16.49, a PEG ratio of 0.98 and a beta of 0.70. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.53 and a current ratio of 1.05. Sprouts Farmers Market, Inc. has a one year low of $75.75 and a one year high of $182.00.

Sprouts Farmers Market (NASDAQ:SFM) last issued its earnings results on Wednesday, October 29th. The company reported $1.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.17 by $0.05. The business had revenue of $2.20 billion during the quarter, compared to the consensus estimate 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 revenue for the quarter was up 13.1% on a year-over-year basis. During the same period last year, the company 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. On average, research analysts predict that Sprouts Farmers Market, Inc. will post 4.29 EPS for the current year.

Sprouts Farmers Market declared that its board has authorized a share repurchase program on Tuesday, August 19th that allows the company to buyback $0.00 in shares. This buyback authorization allows the company to purchase shares of its stock through open market purchases. Stock buyback programs are often an indication that the company’s management believes its stock is undervalued.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. Roth Capital reaffirmed a “neutral” rating and set a $91.00 price objective on shares of Sprouts Farmers Market in a report on Thursday, October 30th. Wall Street Zen lowered shares of Sprouts Farmers Market from a “buy” rating to a “hold” rating in a research note on Monday, November 3rd. Zacks Research lowered Sprouts Farmers Market from a “hold” rating to a “strong sell” rating in a research note on Friday, October 31st. BMO Capital Markets set a $90.00 target price on Sprouts Farmers Market in a research report on Thursday, October 30th. Finally, Evercore ISI dropped their price target on Sprouts Farmers Market from $175.00 to $130.00 and set an “outperform” rating for the company in a research report on Monday, October 27th. Nine 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’s stock. According to data from MarketBeat.com, Sprouts Farmers Market has an average rating of “Moderate Buy” and a consensus price target of $137.86.

Insider Buying and Selling at Sprouts Farmers Market

In other news, CTO James H. Bahrenburg sold 4,292 shares of the stock in a transaction that occurred 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 completion of the sale, the chief technology officer owned 9,167 shares of the company’s stock, valued at $1,256,429.02. This represents a 31.89% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Jack Sinclair sold 4,045 shares of the firm’s stock in a transaction that occurred on Monday, October 6th. The stock was 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 of the company’s stock, valued at $17,998,220. This represents a 2.26% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 16,405 shares of company stock worth $2,099,515 in the last ninety days. 1.10% of the stock is owned by insiders.

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.