Pinnacle Wealth Management LLC Purchases Shares of 4,936 Sprouts Farmers Market, Inc. $SFM

Key Points

• Pinnacle Wealth Management LLC acquired 4,936 shares of Sprouts Farmers Market, valued at approximately $753,000, making it the firm’s 23rd largest holding.
• Sprouts Farmers Market reported a quarterly earnings per share (EPS) of $1.35, exceeding analysts' estimates by $0.12, alongside a 17.3% year-over-year revenue increase.
• Multiple analysts have raised their price targets for Sprouts Farmers Market, with Barclays increasing it from $173 to $185 and Jefferies Financial Group setting a target at $190.

Pinnacle Wealth Management LLC purchased a new position in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 4,936 shares of the company's stock, valued at approximately $753,000. Sprouts Farmers Market accounts for approximately 0.8% of Pinnacle Wealth Management LLC's investment portfolio, making the stock its 23rd largest holding.

Other large investors have also recently made changes to their positions in the company. Quantbot Technologies LP boosted its position in Sprouts Farmers Market by 136.6% in the 1st quarter. Quantbot Technologies LP now owns 72,743 shares of the company's stock valued at $11,103,000 after buying an additional 42,003 shares during the period. Wellington Management Group LLP boosted its position in Sprouts Farmers Market by 300.3% in the 1st 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. Brooklyn Investment Group boosted its position 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 buying an additional 242 shares during the period. Algert Global LLC boosted its position in Sprouts Farmers Market by 27.0% in the 1st quarter. Algert Global LLC now owns 105,434 shares of the company's stock valued at $16,093,000 after buying an additional 22,406 shares during the period. Finally, Cresset Asset Management LLC purchased a new stake in Sprouts Farmers Market in the 1st quarter valued at about $541,000.

Sprouts Farmers Market Price Performance

Shares of NASDAQ:SFM traded up $3.81 during trading hours on Wednesday, hitting $151.06. The company's stock had a trading volume of 2,161,983 shares, compared to its average volume of 1,652,782. Sprouts Farmers Market, Inc. has a 52 week low of $95.25 and a 52 week high of $182.00. The company has a market capitalization of $14.76 billion, a price-to-earnings ratio of 31.08, a P/E/G ratio of 1.66 and a beta of 0.78. The firm's fifty day moving average price is $158.53 and its 200 day moving average price is $158.39.

Sprouts Farmers Market (NASDAQ:SFM - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The company reported $1.35 EPS for the quarter, topping the consensus estimate of $1.23 by $0.12. The firm had revenue of $2.22 billion during the quarter, compared to analyst estimates of $2.16 billion. Sprouts Farmers Market had a net margin of 5.77% and a return on equity of 36.53%. Sprouts Farmers Market's revenue was up 17.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.94 EPS. 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, equities research analysts predict that Sprouts Farmers Market, Inc. will post 4.29 earnings per share for the current fiscal year.

Sprouts Farmers Market declared that its Board of Directors has initiated a share buyback plan on Tuesday, August 19th that authorizes the company to buyback $0.00 in outstanding shares. This buyback authorization authorizes the company to buy shares of its stock through open market purchases. Stock buyback plans are generally a sign that the company's management believes its stock is undervalued.

Insider Activity

In related news, Director Joe Fortunato sold 10,000 shares of the business's stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $147.57, for a total transaction 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 position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Joseph D. O'leary sold 2,937 shares of the business's stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $150.07, for a total transaction of $440,755.59. Following the transaction, the director owned 14,994 shares of the company's stock, valued at approximately $2,250,149.58. This trade represents a 16.38% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 55,589 shares of company stock worth $8,926,483 over the last 90 days. 1.10% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research firms have issued reports on SFM. UBS Group set a $180.00 price objective on shares of Sprouts Farmers Market in a research report on Thursday, July 31st. Royal Bank Of Canada boosted their price objective 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. Barclays raised shares of Sprouts Farmers Market from an "equal weight" rating to an "overweight" rating and boosted their price objective for the company from $173.00 to $185.00 in a research report on Thursday, July 31st. Wells Fargo & Company raised shares of Sprouts Farmers Market from an "equal weight" rating to an "overweight" rating and boosted their price objective for the company from $175.00 to $180.00 in a research report on Tuesday, August 5th. Finally, Evercore ISI reduced their price target on shares of Sprouts Farmers Market from $195.00 to $190.00 and set an "outperform" rating for the company in a report on Tuesday, August 12th. Eight investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $173.73.

Sprouts Farmers Market 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.