Wealth Enhancement Advisory Services LLC Sells 176 Shares of Sprouts Farmers Market, Inc. $SFM

Wealth Enhancement Advisory Services LLC cut its stake in Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 2.5% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,938 shares of the company’s stock after selling 176 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Sprouts Farmers Market were worth $1,126,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. Dimensional Fund Advisors LP grew its position in Sprouts Farmers Market by 0.7% during the first quarter. Dimensional Fund Advisors LP now owns 2,217,900 shares of the company’s stock valued at $338,481,000 after buying an additional 15,930 shares during the period. Assenagon Asset Management S.A. grew its position in Sprouts Farmers Market by 1,033.4% during the first quarter. Assenagon Asset Management S.A. now owns 1,476,351 shares of the company’s stock valued at $225,350,000 after buying an additional 1,346,097 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Sprouts Farmers Market by 2.8% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,331,176 shares of the company’s stock valued at $203,191,000 after buying an additional 36,548 shares during the period. Wellington Management Group LLP grew its position in Sprouts Farmers Market by 300.3% during the first quarter. Wellington Management Group LLP now owns 1,037,187 shares of the company’s stock valued at $158,316,000 after buying an additional 778,079 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its position in Sprouts Farmers Market by 1.0% during the first quarter. Charles Schwab Investment Management Inc. now owns 997,152 shares of the company’s stock valued at $152,205,000 after buying an additional 10,059 shares during the period.

Sprouts Farmers Market Stock Performance

SFM stock opened at $107.16 on Thursday. Sprouts Farmers Market, Inc. has a one year low of $107.11 and a one year high of $182.00. The company’s fifty day moving average price is $138.94 and its 200-day moving average price is $153.32. The company has a market capitalization of $10.47 billion, a PE ratio of 22.05, a price-to-earnings-growth ratio of 1.23 and a beta of 0.78.

Sprouts Farmers Market (NASDAQ:SFM) last released its earnings results on Wednesday, July 30th. The company reported $1.35 EPS for the quarter, topping 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 firm had revenue of $2.22 billion for the quarter, compared to the consensus estimate of $2.16 billion. During the same quarter in the previous year, the firm earned $0.94 earnings per share. The company’s quarterly revenue was up 17.3% compared to the same quarter last year. 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 predict that Sprouts Farmers Market, Inc. will post 4.29 EPS for the current fiscal year.

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

Insider Activity at Sprouts Farmers Market

In related news, insider Dustin Hamilton sold 7,200 shares of the company’s stock in a transaction on Thursday, September 11th. The shares were sold at an average price of $138.95, for a total transaction of $1,000,440.00. Following the sale, the insider 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 document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Jack Sinclair sold 4,045 shares of the business’s stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $138.60, for a total transaction of $560,637.00. Following the transaction, the chief executive officer owned 174,740 shares in the company, valued at $24,218,964. This trade represents a 2.26% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 37,561 shares of company stock valued at $5,499,641 over the last quarter. 1.10% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several brokerages recently issued reports on SFM. Jefferies Financial Group upgraded shares of Sprouts Farmers Market from a “hold” rating to a “buy” rating and set a $190.00 target price for the company in a research report on Friday, August 1st. Royal Bank Of Canada boosted their target price on shares of Sprouts Farmers Market from $173.00 to $176.00 and gave the company a “sector perform” rating in a research report on Thursday, July 31st. UBS Group set a $180.00 price target on shares of Sprouts Farmers Market in a report on Thursday, July 31st. Barclays raised shares of Sprouts Farmers Market from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $173.00 to $185.00 in a report on Thursday, July 31st. Finally, Wall Street Zen raised shares of Sprouts Farmers Market from a “hold” rating to a “buy” rating in a report on Sunday, September 21st. Eight investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $178.64.

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.