Sprouts Farmers Market (SFM)

• Market cap: $14.2B
• 1 day: 0.12%
• 5 days: -3.19%
• 1 month: 21.50%
• 3 months: 44.31%
• 6 months: 84.80%
• Year to date: 189.56%
• 1 year: 237.29%
• 5 years: 615.01%
• 10 years: 359.40%
• Sector: Consumer Staples
• Industry: Grocery Stores

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 Q3 regulatory filings by fund managers ($100M+ AUM)

102% more first-time investments, than exits

New positions opened: 109 | Existing positions closed: 54

23% more capital invested

Capital invested by funds: $8.76B [Q2] → $10.8B (+$2.02B) [Q3]

10% more funds holding

Funds holding: 526 [Q2] → 581 (+55) [Q3]

0% more funds holding in top 10

Funds holding in top 10: 13 [Q2] → 13 (+0) [Q3]

6.48% less ownership

Funds ownership: 104.21% [Q2] → 97.73% (-6.48%) [Q3]

32% less repeat investments, than reductions

Existing positions increased: 169 | Existing positions reduced: 249

42% less call options, than puts

Call options by funds: $72M | Put options by funds: $123M

Research analyst outlook

10 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $105 26% downside
• Avg. target: $127 11% downside
• High target: $159 12% upside

10 analyst ratings

• positive: 6 60%
• neutral: 4 40%
• negative: 0 0%

Goldman Sachs Kate McShane 67% 1-year accuracy 28 / 42 met price target	12% upside $159	Buy Maintained	1 Nov 2024
Wells Fargo Edward Kelly 59% 1-year accuracy 17 / 29 met price target	8% downside $130	Equal-Weight Maintained	31 Oct 2024
BMO Capital Kelly Bania 77% 1-year accuracy 17 / 22 met price target	1% downside $140	Market Perform Maintained	31 Oct 2024
B of A Securities Robert Ohmes 63% 1-year accuracy 10 / 16 met price target	5% downside $135	Buy Maintained	25 Oct 2024
Evercore ISI Group Michael Morris 75% 1-year accuracy 15 / 20 met price target	8% downside $130	Outperform Maintained	22 Oct 2024