Advisors Asset Management Inc. Makes New Investment in Sprouts Farmers Market, Inc. $SFM

Advisors Asset Management Inc. bought a new position in Sprouts Farmers Market, Inc. (NASDAQ:SFM) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 1,931 shares of the company’s stock, valued at approximately $295,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Whipplewood Advisors LLC raised its holdings in shares of Sprouts Farmers Market by 92.0% during the 1st quarter. Whipplewood Advisors LLC now owns 192 shares of the company’s stock valued at $29,000 after purchasing an additional 92 shares in the last quarter. Dogwood Wealth Management LLC bought a new position in shares of Sprouts Farmers Market during the 1st quarter valued at $30,000. Truvestments Capital LLC bought a new position in shares of Sprouts Farmers Market during the 1st quarter valued at $35,000. SVB Wealth LLC bought a new position in shares of Sprouts Farmers Market during the 1st quarter valued at $36,000. Finally, Brooklyn Investment Group raised its holdings in shares of Sprouts Farmers Market by 12,100.0% during the 1st quarter. Brooklyn Investment Group now owns 244 shares of the company’s stock valued at $37,000 after purchasing an additional 242 shares in the last quarter.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on SFM shares. Royal Bank Of Canada raised their price target on shares of Sprouts Farmers Market from $173.00 to $176.00 and gave the company a “sector perform” rating in a report on Thursday, July 31st. Jefferies Financial Group upgraded shares of Sprouts Farmers Market from a “hold” rating to a “buy” rating and set a $190.00 target price on the stock in a research note on Friday, August 1st. UBS Group set a $180.00 target price on shares of Sprouts Farmers Market in a research note on Thursday, July 31st. Evercore ISI lowered their target price on shares of Sprouts Farmers Market from $195.00 to $190.00 and set an “outperform” rating on the stock in a research note on Tuesday, August 12th. Finally, Wells Fargo & Company upgraded shares of Sprouts Farmers Market from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $175.00 to $180.00 in a research note on Tuesday, August 5th. Eight research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $173.73.

Insider Transactions at Sprouts Farmers Market

In other Sprouts Farmers Market news, insider Timmi Zalatoris sold 2,000 shares of the business’s stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $164.38, for a total value of $328,760.00. Following the transaction, the insider directly owned 13,263 shares in the company, valued at $2,180,171.94. The trade was a 13.10% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Joe Fortunato sold 10,000 shares of the business’s stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $147.57, for a total transaction of $1,475,700.00. Following the completion of the transaction, the director owned 18,164 shares in the company, valued at approximately $2,680,461.48. This trade represents a 35.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 36,168 shares of company stock valued at $5,544,685. 1.10% of the stock is owned by company insiders.

Sprouts Farmers Market Stock Performance

Shares of Sprouts Farmers Market stock opened at $137.72 on Friday. The firm’s 50-day simple moving average is $151.57 and its 200-day simple moving average is $155.50. Sprouts Farmers Market, Inc. has a twelve month low of $100.59 and a twelve month high of $182.00. The firm has a market cap of $13.46 billion, a P/E ratio of 28.34, a price-to-earnings-growth ratio of 1.51 and a beta of 0.86.

Sprouts Farmers Market (NASDAQ:SFM) last issued its earnings results on Wednesday, July 30th. The company reported $1.35 earnings per share for the quarter, beating the consensus estimate of $1.23 by $0.12. Sprouts Farmers Market had a net margin of 5.77% and a return on equity of 36.53%. The business had revenue of $2.22 billion for the quarter, compared to analyst estimates of $2.16 billion. During the same period in the previous year, the business earned $0.94 EPS. The firm’s revenue was up 17.3% on a year-over-year basis. Sprouts Farmers Market has set its FY 2025 guidance at 5.200-5.320 EPS. Q3 2025 guidance at 1.120-1.160 EPS. On average, equities analysts forecast that Sprouts Farmers Market, Inc. will post 4.29 earnings per share for the current fiscal year.

Sprouts Farmers Market declared that its board has approved a share buyback plan on Tuesday, August 19th that permits the company to repurchase $0.00 in outstanding shares. This repurchase authorization permits the company to purchase shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.

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.