4,416 Shares in Sprouts Farmers Market, Inc. $SFM Acquired by Silver Oak Securities Incorporated

Key Points

• Silver Oak Securities Incorporated acquired 4,416 shares of Sprouts Farmers Market, Inc., valued at approximately $727,000, marking a significant investment in the company.
• Multiple analysts have upgraded their ratings on Sprouts Farmers Market, with Jefferies Financial Group raising it to a "buy" with a price objective of $190.00, indicating a positive outlook for the stock.
• Insider transactions revealed that two executives sold a total of 39,561 shares, amounting to $5,828,401, which may influence investor perception of the company's stock.

Silver Oak Securities Incorporated bought a new position in Sprouts Farmers Market, Inc. (NASDAQ:SFM - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 4,416 shares of the company's stock, valued at approximately $727,000.

Other institutional investors also recently modified their holdings of the company. Sowell Financial Services LLC bought a new position in shares of Sprouts Farmers Market in the first quarter valued at approximately $270,000. Maverick Capital Ltd. bought a new stake in Sprouts Farmers Market during the first quarter valued at about $8,341,000. Two Sigma Investments LP boosted its holdings in Sprouts Farmers Market by 21.3% during the fourth quarter. Two Sigma Investments LP now owns 12,890 shares of the company's stock valued at $1,638,000 after acquiring an additional 2,261 shares during the period. Andrew Hill Investment Advisors Inc. bought a new stake in Sprouts Farmers Market during the second quarter valued at about $3,128,000. Finally, Voya Investment Management LLC boosted its holdings in Sprouts Farmers Market by 49.4% during the first quarter. Voya Investment Management LLC now owns 54,798 shares of the company's stock valued at $8,364,000 after acquiring an additional 18,123 shares during the period.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on SFM. Jefferies Financial Group raised Sprouts Farmers Market from a "hold" rating to a "buy" rating and set a $190.00 price objective for the company in a research report on Friday, August 1st. JPMorgan Chase & Co. started coverage on Sprouts Farmers Market in a research report on Wednesday, August 20th. They issued a "neutral" rating and a $159.00 price target on the stock. Evercore ISI lowered their price objective on shares of 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. Royal Bank Of Canada raised their price objective on shares of Sprouts Farmers Market from $173.00 to $176.00 and gave the stock a "sector perform" rating in a research note on Thursday, July 31st. Finally, UBS Group set a $180.00 price target on shares of Sprouts Farmers Market in a report on Thursday, July 31st. Eight investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat, Sprouts Farmers Market presently has an average rating of "Moderate Buy" and a consensus price target of $173.73.

Insiders Place Their Bets

In related news, insider Dustin Hamilton sold 7,200 shares of the firm's stock in a transaction that occurred on Thursday, September 11th. The shares were sold at an average price of $138.95, for a total value of $1,000,440.00. Following the completion of the sale, the insider owned 16,349 shares of the company's stock, valued at $2,271,693.55. This trade represents a 30.57% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Joe Fortunato sold 10,000 shares of the stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $147.57, for a total value of $1,475,700.00. Following the completion of the transaction, the director owned 18,164 shares in the company, valued at $2,680,461.48. The trade was a 35.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 39,561 shares of company stock valued at $5,828,401 over the last quarter. Company insiders own 1.10% of the company's stock.

Sprouts Farmers Market Stock Performance

Shares of SFM stock opened at $120.41 on Monday. The stock's fifty day moving average is $147.43 and its 200-day moving average is $154.84. The stock has a market capitalization of $11.77 billion, a PE ratio of 24.78, a PEG ratio of 1.36 and a beta of 0.87. Sprouts Farmers Market, Inc. has a 52 week low of $104.45 and a 52 week high of $182.00.

Sprouts Farmers Market (NASDAQ:SFM - Get Free Report) last announced 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. The company had revenue of $2.22 billion for the quarter, compared to analysts' expectations of $2.16 billion. Sprouts Farmers Market had a return on equity of 36.53% and a net margin of 5.77%.The business's revenue for the quarter was up 17.3% on a year-over-year basis. During the same quarter in the prior year, the business 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. As a group, analysts forecast that Sprouts Farmers Market, Inc. will post 4.29 earnings per share for the current fiscal year.

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

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