First Trust Advisors LP Has $40.35 Million Holdings in Sprouts Farmers Market, Inc. $SFM

First Trust Advisors LP grew its holdings in Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 97.8% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 245,102 shares of the company’s stock after acquiring an additional 121,179 shares during the quarter. First Trust Advisors LP owned 0.25% of Sprouts Farmers Market worth $40,354,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the business. Unified Investment Management grew its position in shares of Sprouts Farmers Market by 0.9% in the 2nd quarter. Unified Investment Management now owns 7,326 shares of the company’s stock valued at $1,206,000 after purchasing an additional 65 shares during the period. Chicago Partners Investment Group LLC lifted its stake in Sprouts Farmers Market by 0.6% in the second quarter. Chicago Partners Investment Group LLC now owns 10,355 shares of the company’s stock valued at $1,691,000 after buying an additional 65 shares in the last quarter. Rossby Financial LCC boosted its holdings in shares of Sprouts Farmers Market by 2.3% in the second quarter. Rossby Financial LCC now owns 3,059 shares of the company’s stock valued at $504,000 after buying an additional 68 shares during the period. J.W. Cole Advisors Inc. boosted its holdings in shares of Sprouts Farmers Market by 0.8% in the second quarter. J.W. Cole Advisors Inc. now owns 9,069 shares of the company’s stock valued at $1,493,000 after buying an additional 69 shares during the period. Finally, Alteri Wealth LLC increased its position in shares of Sprouts Farmers Market by 1.0% during the second quarter. Alteri Wealth LLC now owns 7,627 shares of the company’s stock worth $1,256,000 after acquiring an additional 72 shares in the last quarter.

Sprouts Farmers Market Stock Down 0.3%

Shares of SFM stock opened at $83.24 on Wednesday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.53 and a current ratio of 1.05. The firm’s 50-day moving average is $92.51 and its 200-day moving average is $130.61. The stock has a market cap of $8.11 billion, a price-to-earnings ratio of 16.10, a PEG ratio of 0.96 and a beta of 0.70. Sprouts Farmers Market, Inc. has a 52-week low of $75.75 and a 52-week high of $182.00.

Sprouts Farmers Market (NASDAQ:SFM) last posted its quarterly earnings results on Wednesday, October 29th. The company reported $1.22 EPS for the quarter, topping analysts’ consensus estimates of $1.17 by $0.05. The business had revenue of $2.20 billion during the quarter, compared to analysts’ expectations of $2.23 billion. Sprouts Farmers Market had a return on equity of 38.03% and a net margin of 5.93%.Sprouts Farmers Market’s quarterly revenue was up 13.1% on a year-over-year basis. During the same quarter last year, the company posted $0.91 earnings per share. Sprouts Farmers Market has set its FY 2025 guidance at 5.240-5.280 EPS and its Q4 2025 guidance at 0.860-0.900 EPS. Sell-side analysts predict that Sprouts Farmers Market, Inc. will post 4.29 EPS for the current year.

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

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Wells Fargo & Company cut their price objective on shares of Sprouts Farmers Market from $180.00 to $135.00 and set an “overweight” rating on the stock in a research report on Thursday, October 30th. The Goldman Sachs Group dropped their price target on Sprouts Farmers Market from $178.00 to $152.00 and set a “buy” rating on the stock in a research note on Thursday, October 30th. Zacks Research lowered Sprouts Farmers Market from a “hold” rating to a “strong sell” rating in a report on Friday, October 31st. JPMorgan Chase & Co. decreased their price objective on Sprouts Farmers Market from $124.00 to $91.00 and set a “neutral” rating for the company in a report on Thursday, October 30th. Finally, UBS Group set a $108.00 target price on Sprouts Farmers Market in a research report on Thursday, October 30th. Nine investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $137.86.

Insiders Place Their Bets

In related news, CEO Jack Sinclair sold 4,045 shares of the stock in a transaction on Monday, October 6th. The stock was sold at an average price of $103.00, for a total value of $416,635.00. Following the sale, the chief executive officer owned 174,740 shares in the company, valued at approximately $17,998,220. This represents a 2.26% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Dustin Hamilton sold 7,200 shares of Sprouts Farmers Market stock in a transaction on Thursday, September 11th. The stock was sold at an average price of $138.95, for a total transaction of $1,000,440.00. Following the transaction, the insider directly owned 16,349 shares of the company’s stock, valued at approximately $2,271,693.55. This trade represents a 30.57% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 33,876 shares of company stock valued at $3,588,044 over the last 90 days. 1.10% of the stock is owned by insiders.

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.