Andrew Hill Investment Advisors Inc. Purchases Shares of 18,997 Sprouts Farmers Market, Inc. $SFM

Key Points

• Andrew Hill Investment Advisors Inc. has acquired 18,997 shares of Sprouts Farmers Market, valued at approximately $3.1 million, making it the firm's 19th largest holding.
• Multiple institutional investors, including Whipplewood Advisors and Dogwood Wealth Management, have increased their stakes, indicating growing interest in Sprouts Farmers Market.
• Analysts have shown positive sentiment, with upgrades from Wells Fargo and Jefferies, increasing the target price for the stock to a range between $159 and $190.

Andrew Hill Investment Advisors Inc. bought a new position in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM - Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 18,997 shares of the company's stock, valued at approximately $3,128,000. Sprouts Farmers Market accounts for approximately 2.5% of Andrew Hill Investment Advisors Inc.'s portfolio, making the stock its 19th biggest holding.

Other institutional investors have also added to or reduced their stakes in the company. Whipplewood Advisors LLC boosted its stake in 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 bought a new stake in Sprouts Farmers Market in the 1st quarter valued at $30,000. Truvestments Capital LLC bought a new stake in Sprouts Farmers Market in the 1st quarter valued at $35,000. SVB Wealth LLC bought a new stake in Sprouts Farmers Market in the 1st quarter valued at $36,000. Finally, Brooklyn Investment Group boosted its stake in Sprouts Farmers Market by 12,100.0% in the 1st quarter. Brooklyn Investment Group now owns 244 shares of the company's stock valued at $37,000 after purchasing an additional 242 shares during the period.

Wall Street Analysts Forecast Growth

SFM has been the subject of several recent research reports. Jefferies Financial Group upgraded Sprouts Farmers Market from a "hold" rating to a "buy" rating and set a $190.00 price target for the company in a research note on Friday, August 1st. Evercore ISI dropped their price objective on Sprouts Farmers Market from $195.00 to $190.00 and set an "outperform" rating for the company in a report on Tuesday, August 12th. Barclays raised Sprouts Farmers Market from an "equal weight" rating to an "overweight" rating and lifted their price objective for the company from $173.00 to $185.00 in a report on Thursday, July 31st. Wall Street Zen raised Sprouts Farmers Market from a "hold" rating to a "buy" rating in a report on Sunday. Finally, Wells Fargo & Company raised Sprouts Farmers Market from an "equal weight" rating to an "overweight" rating and lifted their price objective for the company from $175.00 to $180.00 in a report on Tuesday, August 5th. Eight equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $173.73.

Insider Buying and Selling at Sprouts Farmers Market

In related news, SVP Kim Coffin sold 651 shares of the business's stock in a transaction on Thursday, August 28th. The stock was sold at an average price of $141.58, for a total transaction of $92,168.58. Following the sale, the senior vice president owned 11,235 shares in the company, valued at $1,590,651.30. The trade was a 5.48% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Joe Fortunato sold 10,000 shares of the business's stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $147.57, for a total value of $1,475,700.00. Following the sale, the director owned 18,164 shares in the company, valued at $2,680,461.48. This represents a 35.51% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 39,561 shares of company stock worth $5,828,401 over the last three months. 1.10% of the stock is owned by corporate insiders.

Sprouts Farmers Market Stock Performance

Shares of Sprouts Farmers Market stock traded down $0.76 during trading on Monday, reaching $119.65. 719,778 shares of the company's stock were exchanged, compared to its average volume of 1,754,350. Sprouts Farmers Market, Inc. has a 1-year low of $106.45 and a 1-year high of $182.00. The company has a market cap of $11.69 billion, a P/E ratio of 24.60, a PEG ratio of 1.36 and a beta of 0.87. The firm's 50-day moving average price is $147.43 and its 200 day moving average price is $154.84.

Sprouts Farmers Market (NASDAQ:SFM - Get Free Report) last posted its quarterly 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. Sprouts Farmers Market had a return on equity of 36.53% and a net margin of 5.77%.The company had revenue of $2.22 billion during the quarter, compared to analysts' expectations of $2.16 billion. During the same quarter in the previous year, the firm earned $0.94 EPS. Sprouts Farmers Market's revenue was up 17.3% on a year-over-year basis. Sprouts Farmers Market has set its FY 2025 guidance at 5.200-5.320 EPS. Q3 2025 guidance at 1.120-1.160 EPS. As a group, equities research analysts predict that Sprouts Farmers Market, Inc. will post 4.29 EPS for the current year.

Sprouts Farmers Market announced that its Board of Directors has authorized a share repurchase program on Tuesday, August 19th that permits the company to buyback $0.00 in outstanding shares. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Stock buyback programs are often a sign that the company's leadership 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.