Sprouts Farmers MarketSFM Market cap $11.3B
About: Sprouts Farmers Market Inc offers a unique specialty grocery experience featuring an open layout with fresh produce at the heart of the store. Sprouts inspire wellness naturally with a carefully curated assortment of better-for-you products paired with purpose-driven people. The company continues to bring the latest in wholesome, innovative products made with lifestyle-friendly ingredients such as organic, plant-based, and gluten-free. It approximately has 407 stores in 23 states. It is one of the largest and fastest-growing specialty retailers of fresh, natural and organic food in the United States.
Employees: 31,000
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
157% more first-time investments, than exits
New positions opened: 95 | Existing positions closed: 37
30% more funds holding in top 10
Funds holding in top 10: 10 [Q1] → 13 (+3) [Q2]
23% more capital invested
Capital invested by funds: $6.88B [Q1] → $8.46B (+$1.58B) [Q2]
12% more funds holding
Funds holding: 467 [Q1] → 525 (+58) [Q2]
4.81% less ownership
Funds ownership: 105.47% [Q1] → 100.66% (-4.81%) [Q2]
19% less repeat investments, than reductions
Existing positions increased: 167 | Existing positions reduced: 205
36% less call options, than puts
Call options by funds: $47.2M | Put options by funds: $73.3M
Research analyst outlook
14 Wall Street Analysts provided 1 year price targets over the past 3 months
14 analyst ratings
Melius Research Karen Short 45% 1-year accuracy 5 / 11 met price target | 7%downside $105 | Hold Initiated | 23 Sept 2024 |
Evercore ISI Group Michael Morris 67% 1-year accuracy 10 / 15 met price target | 6%upside $120 | Outperform Upgraded | 16 Sept 2024 |
RBC Capital Steven Shemesh 76% 1-year accuracy 34 / 45 met price target | 5%downside $107 | Sector Perform Initiated | 12 Sept 2024 |
B of A Securities Robert Ohmes 63% 1-year accuracy 10 / 16 met price target | 2%upside $115 | Buy Maintained | 5 Sept 2024 |
Goldman Sachs Kate McShane 69% 1-year accuracy 33 / 48 met price target | 2%downside $111 | Buy Maintained | 31 Jul 2024 |
Financial journalist opinion
Based on 19 articles about SFM published over the past 30 days