
Share Buyback Plan Authorized by Sprouts Farmers Market (NASDAQ:SFM) Board of Directors

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Sprouts Farmers Market (NASDAQ:SFM) has authorized a share buyback plan, allowing the company to repurchase shares through open market purchases. This decision, made on August 19th, suggests management believes the stock is undervalued. The company reported a 17.3% year-over-year revenue increase, with a quarterly revenue of $2.22 billion and an EPS of $1.35, exceeding estimates. Analysts have mixed ratings on the stock, with a consensus target price of $172.20. Recent insider sales indicate a decrease in positions among executives.
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