Janney Montgomery Scott LLC Trims Stock Holdings in Sprouts Farmers Market, Inc. $SFM

Janney Montgomery Scott LLC reduced its holdings in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 10.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,283 shares of the company’s stock after selling 1,349 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Sprouts Farmers Market were worth $1,858,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Park Avenue Securities LLC lifted its position in shares of Sprouts Farmers Market by 2.6% during the first quarter. Park Avenue Securities LLC now owns 4,749 shares of the company’s stock worth $725,000 after acquiring an additional 122 shares in the last quarter. Farther Finance Advisors LLC grew its position in shares of Sprouts Farmers Market by 104.3% in the first quarter. Farther Finance Advisors LLC now owns 2,143 shares of the company’s stock valued at $333,000 after purchasing an additional 1,094 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of Sprouts Farmers Market by 20.1% during the 1st quarter. GAMMA Investing LLC now owns 2,347 shares of the company’s stock valued at $358,000 after purchasing an additional 393 shares during the period. SG Americas Securities LLC lifted its holdings in Sprouts Farmers Market by 271.4% during the 1st quarter. SG Americas Securities LLC now owns 7,936 shares of the company’s stock worth $1,211,000 after purchasing an additional 5,799 shares in the last quarter. Finally, Fifth Third Bancorp boosted its stake in Sprouts Farmers Market by 12.7% in the 1st quarter. Fifth Third Bancorp now owns 3,684 shares of the company’s stock worth $562,000 after purchasing an additional 415 shares during the period.

Sprouts Farmers Market Trading Down 1.3%

Shares of NASDAQ SFM opened at $102.74 on Friday. The stock’s 50-day moving average is $131.37 and its 200 day moving average is $151.46. The stock has a market cap of $10.04 billion, a price-to-earnings ratio of 21.14, a P/E/G ratio of 1.17 and a beta of 0.77. Sprouts Farmers Market, Inc. has a 1-year low of $98.75 and a 1-year high of $182.00.

Sprouts Farmers Market (NASDAQ:SFM) last issued its earnings results on Wednesday, July 30th. The company reported $1.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.23 by $0.12. The business 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 revenue for the quarter was up 17.3% on a year-over-year basis. During the same quarter in the prior year, the firm 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. On average, analysts forecast that Sprouts Farmers Market, Inc. will post 4.29 EPS for the current fiscal year.

Sprouts Farmers Market announced that its board has authorized a share repurchase plan on Tuesday, August 19th that authorizes the company to buyback $0.00 in shares. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Shares buyback plans are usually an indication that the company’s board believes its stock is undervalued.

Insider Buying and Selling

In other Sprouts Farmers Market news, Director Joseph D. O’leary sold 2,937 shares of the business’s stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $150.07, for a total value of $440,755.59. Following the completion of the sale, the director directly owned 14,994 shares of the company’s stock, valued at $2,250,149.58. The trade was a 16.38% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CTO James H. Bahrenburg sold 4,292 shares of the firm’s stock in a transaction dated Friday, September 12th. The shares were sold at an average price of $137.06, for a total value of $588,261.52. Following the transaction, the chief technology officer directly owned 9,167 shares in the company, valued at $1,256,429.02. This trade represents a 31.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 37,561 shares of company stock worth $5,257,184 over the last 90 days. Insiders own 1.10% of the company’s stock.

Analysts Set New Price Targets

SFM has been the topic of several analyst reports. UBS Group set a $180.00 price target on Sprouts Farmers Market in a research report on Thursday, July 31st. Wall Street Zen raised shares of Sprouts Farmers Market from a “hold” rating to a “buy” rating in a report on Sunday, September 21st. Barclays raised shares of Sprouts Farmers Market from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $173.00 to $185.00 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 price target for the company in a research report on Friday, August 1st. Finally, JPMorgan Chase & Co. initiated coverage on Sprouts Farmers Market in a research report on Wednesday, August 20th. They issued a “neutral” rating and a $159.00 price objective on the stock. Nine research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Sprouts Farmers Market currently has a consensus rating of “Moderate Buy” and an average target price of $177.21.

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.