Insider Selling: Sprouts Farmers Market (NASDAQ:SFM) CMO Sells 3,161 Shares of Stock

Sprouts Farmers Market, Inc. (NASDAQ:SFM) CMO Alisa Gmelich sold 3,161 shares of the stock in a transaction that occurred on Friday, December 12th. The stock was sold at an average price of $79.39, for a total value of $250,951.79. Following the sale, the chief marketing officer directly owned 5,552 shares of the company’s stock, valued at $440,773.28. The trade was a 36.28% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Sprouts Farmers Market Stock Performance

NASDAQ:SFM traded down $1.16 during midday trading on Tuesday, reaching $79.23. The stock had a trading volume of 1,989,635 shares, compared to its average volume of 1,973,032. The company has a quick ratio of 0.53, a current ratio of 1.05 and a debt-to-equity ratio of 0.04. The stock has a market cap of $7.71 billion, a P/E ratio of 15.32, a P/E/G ratio of 0.92 and a beta of 0.70. The firm has a fifty day simple moving average of $90.04 and a two-hundred day simple moving average of $127.52. Sprouts Farmers Market, Inc. has a 12-month low of $75.75 and a 12-month 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 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 business had revenue of $2.20 billion for the quarter, compared to the consensus estimate of $2.23 billion. During the same quarter in the previous year, the firm earned $0.91 earnings per share. The business’s quarterly revenue was up 13.1% compared to the same quarter last year. 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, equities analysts expect 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 buyback program on Tuesday, August 19th that authorizes the company to buyback $0.00 in outstanding shares. This buyback authorization authorizes the company to purchase shares of its stock through open market purchases. Shares buyback programs are often an indication that the company’s leadership believes its stock is undervalued.

Analyst Ratings Changes

SFM has been the subject of a number of research analyst reports. The Goldman Sachs Group dropped their target price on shares of Sprouts Farmers Market from $178.00 to $152.00 and set a “buy” rating for the company in a report on Thursday, October 30th. Wells Fargo & Company dropped their price target on Sprouts Farmers Market from $180.00 to $135.00 and set an “overweight” rating for the company in a research report on Thursday, October 30th. Evercore ISI decreased their price objective on shares of Sprouts Farmers Market from $175.00 to $130.00 and set an “outperform” rating on the stock in a research report on Monday, October 27th. Roth Capital reissued a “neutral” rating and set a $91.00 price objective on shares of Sprouts Farmers Market in a research note on Thursday, October 30th. Finally, Bank of America reduced their target price on Sprouts Farmers Market from $200.00 to $160.00 and set a “buy” rating on the stock in a research note on Thursday, October 23rd. Nine research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Sprouts Farmers Market has an average rating of “Moderate Buy” and an average target price of $137.86.

Institutional Investors Weigh In On Sprouts Farmers Market

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Root Financial Partners LLC acquired a new position in shares of Sprouts Farmers Market during the 3rd quarter valued at $26,000. Newbridge Financial Services Group Inc. purchased a new position in Sprouts Farmers Market in the 2nd quarter worth approximately $29,000. Smartleaf Asset Management LLC boosted its holdings in Sprouts Farmers Market by 98.6% in the 3rd quarter. Smartleaf Asset Management LLC now owns 284 shares of the company’s stock worth $31,000 after acquiring an additional 141 shares during the period. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in Sprouts Farmers Market in the third quarter valued at approximately $33,000. Finally, Truvestments Capital LLC purchased a new stake in shares of Sprouts Farmers Market during the first quarter valued at approximately $35,000.

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.