Park Avenue Securities LLC Has $680,000 Stock Holdings in Sprouts Farmers Market, Inc. $SFM

Park Avenue Securities LLC trimmed its holdings in Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 13.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,129 shares of the company’s stock after selling 620 shares during the quarter. Park Avenue Securities LLC’s holdings in Sprouts Farmers Market were worth $680,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in SFM. Whipplewood Advisors LLC lifted its stake in shares of Sprouts Farmers Market by 92.0% in 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 during the period. Dogwood Wealth Management LLC acquired a new position in Sprouts Farmers Market during the 1st quarter worth approximately $30,000. Truvestments Capital LLC acquired a new position in Sprouts Farmers Market during the 1st quarter worth approximately $35,000. SVB Wealth LLC acquired a new position in Sprouts Farmers Market during the 1st quarter worth approximately $36,000. Finally, Brooklyn Investment Group raised its stake in Sprouts Farmers Market by 12,100.0% during the 1st quarter. Brooklyn Investment Group now owns 244 shares of the company’s stock worth $37,000 after buying an additional 242 shares during the period.

Insider Buying and Selling

In other news, insider Dustin Hamilton sold 7,200 shares of the company’s stock in a transaction that occurred on Thursday, September 11th. The stock was sold at an average price of $138.95, for a total value of $1,000,440.00. Following the completion of the transaction, the insider directly owned 16,349 shares of the company’s stock, valued at $2,271,693.55. This represents a 30.57% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CTO James H. Bahrenburg sold 4,292 shares of the company’s stock in a transaction that occurred on Friday, September 12th. The shares were sold at an average price of $137.06, for a total value of $588,261.52. Following the completion of the transaction, the chief technology officer directly owned 9,167 shares of the company’s stock, valued at approximately $1,256,429.02. This represents a 31.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 39,561 shares of company stock valued at $5,828,401 over the last quarter. Corporate insiders own 1.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on SFM shares. JPMorgan Chase & Co. started coverage on Sprouts Farmers Market in a research note on Wednesday, August 20th. They set a “neutral” rating and a $159.00 price target on the stock. Wells Fargo & Company raised Sprouts Farmers Market from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $175.00 to $180.00 in a research note on Tuesday, August 5th. Evercore ISI dropped their price target on 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. Barclays raised Sprouts Farmers Market from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $173.00 to $185.00 in a research note on Thursday, July 31st. Finally, Wall Street Zen raised Sprouts Farmers Market from a “hold” rating to a “buy” rating in a research note on Sunday, September 21st. Eight equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $178.64.

Sprouts Farmers Market Stock Down 1.3%

SFM stock opened at $109.88 on Monday. The firm has a market cap of $10.74 billion, a PE ratio of 22.61, a P/E/G ratio of 1.24 and a beta of 0.87. The business has a 50 day moving average of $142.32 and a 200-day moving average of $154.15. Sprouts Farmers Market, Inc. has a 12-month low of $107.36 and a 12-month high of $182.00.

Sprouts Farmers Market (NASDAQ:SFM) last released its earnings results on Wednesday, July 30th. The company reported $1.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.23 by $0.12. The company had revenue of $2.22 billion during the quarter, compared to analyst estimates of $2.16 billion. Sprouts Farmers Market had a return on equity of 36.53% and a net margin of 5.77%.Sprouts Farmers Market’s quarterly revenue was up 17.3% on a year-over-year basis. During the same period in the prior year, the company posted $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. On average, research analysts expect that Sprouts Farmers Market, Inc. will post 4.29 earnings per share for the current year.

Sprouts Farmers Market declared that its Board of Directors has authorized a stock repurchase plan on Tuesday, August 19th that permits the company to buyback $0.00 in shares. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Shares buyback plans are usually an indication that the company’s management 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.