Sprouts Farmers Market, Inc. $SFM Shares Acquired by Parallel Advisors LLC

Parallel Advisors LLC boosted its position in Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 4.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,475 shares of the company’s stock after buying an additional 150 shares during the quarter. Parallel Advisors LLC’s holdings in Sprouts Farmers Market were worth $572,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the business. Sowell Financial Services LLC acquired a new stake in shares of Sprouts Farmers Market in the 1st quarter worth approximately $270,000. Maverick Capital Ltd. acquired a new position in Sprouts Farmers Market in the 1st quarter valued at $8,341,000. Two Sigma Investments LP grew its stake in Sprouts Farmers Market by 21.3% in the 4th quarter. Two Sigma Investments LP now owns 12,890 shares of the company’s stock valued at $1,638,000 after buying an additional 2,261 shares during the last quarter. Private Client Services LLC bought a new stake in Sprouts Farmers Market in the 2nd quarter valued at $1,671,000. Finally, Anderson Hoagland & Co. bought a new position in shares of Sprouts Farmers Market during the 1st quarter worth about $2,866,000.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on SFM shares. Wall Street Zen cut shares of Sprouts Farmers Market from a “buy” rating to a “hold” rating in a research report on Saturday, September 13th. Royal Bank Of Canada increased their target price on shares of Sprouts Farmers Market from $173.00 to $176.00 and gave the stock a “sector perform” rating in a research 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 price objective for the company in a research report on Friday, August 1st. JPMorgan Chase & Co. started coverage on shares of Sprouts Farmers Market in a research report on Wednesday, August 20th. They issued a “neutral” rating and a $159.00 price objective for the company. Finally, UBS Group set a $180.00 price target on shares of Sprouts Farmers Market in a research report on Thursday, July 31st. Eight equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat.com, Sprouts Farmers Market currently has an average rating of “Moderate Buy” and a consensus price target of $173.73.

Insider Buying and Selling at Sprouts Farmers Market

In related news, CEO Jack Sinclair sold 4,045 shares of Sprouts Farmers Market stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $138.60, for a total value of $560,637.00. Following the completion of the sale, the chief executive officer owned 174,740 shares of the company’s stock, valued at approximately $24,218,964. This trade represents a 2.26% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Kim Coffin sold 651 shares of Sprouts Farmers Market stock in a transaction on Thursday, August 28th. The shares were sold at an average price of $141.58, for a total transaction of $92,168.58. Following the completion of the sale, the senior vice president directly owned 11,235 shares of the company’s stock, valued at approximately $1,590,651.30. The trade was a 5.48% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 39,561 shares of company stock worth $5,828,401. Company insiders own 1.10% of the company’s stock.

Sprouts Farmers Market Stock Down 1.9%

SFM opened at $120.41 on Friday. Sprouts Farmers Market, Inc. has a twelve month low of $104.45 and a twelve month high of $182.00. The company has a 50-day simple moving average of $147.43 and a 200 day simple moving average of $154.66. The stock has a market capitalization of $11.77 billion, a price-to-earnings ratio of 24.78, a P/E/G ratio of 1.39 and a beta of 0.86.

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

Sprouts Farmers Market announced that its board has approved a share buyback program on Tuesday, August 19th that allows the company to buyback $0.00 in outstanding shares. This buyback authorization allows the company to purchase shares of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board of directors believes its stock is undervalued.

Sprouts Farmers Market Company Profile

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.