Elevate Capital Advisors LLC Purchases Shares of 13,525 Sprouts Farmers Market, Inc. $SFM

Key Points

• Elevate Capital Advisors LLC acquired 13,525 shares of Sprouts Farmers Market, valued at approximately $2.2 million, which constitutes about 1.8% of their total holdings.
• Sprouts Farmers Market received several analyst upgrades, including a "buy" rating from Wall Street Zen and increased price targets from Jefferies Financial Group and UBS Group.
• The company reported a net margin of 5.77% and a revenue increase of 17.3% year-over-year in its latest quarterly earnings, exceeding analyst expectations.

Elevate Capital Advisors LLC purchased a new position in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM - Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 13,525 shares of the company's stock, valued at approximately $2,227,000. Sprouts Farmers Market makes up about 1.8% of Elevate Capital Advisors LLC's holdings, making the stock its 22nd biggest position.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Dogwood Wealth Management LLC bought a new stake in shares of Sprouts Farmers Market during the 1st quarter worth about $30,000. Truvestments Capital LLC acquired a new position in shares of Sprouts Farmers Market in the 1st quarter worth approximately $35,000. SVB Wealth LLC acquired a new position in shares of Sprouts Farmers Market in the 1st quarter worth approximately $36,000. Brooklyn Investment Group grew its stake in shares of Sprouts Farmers Market by 12,100.0% in the 1st quarter. Brooklyn Investment Group now owns 244 shares of the company's stock worth $37,000 after purchasing an additional 242 shares during the last quarter. Finally, Global Trust Asset Management LLC grew its stake in shares of Sprouts Farmers Market by 520.8% in the 2nd quarter. Global Trust Asset Management LLC now owns 298 shares of the company's stock worth $49,000 after purchasing an additional 250 shares during the last quarter.

Analyst Upgrades and Downgrades

SFM has been the subject of several research analyst reports. Wall Street Zen upgraded shares of Sprouts Farmers Market from a "hold" rating to a "buy" rating in a research report on Sunday, September 21st. Jefferies Financial Group raised shares of Sprouts Farmers Market from a "hold" rating to a "buy" rating and set a $190.00 price objective on the stock in a research report on Friday, August 1st. UBS Group set a $180.00 target price on shares of Sprouts Farmers Market in a research note on Thursday, July 31st. Weiss Ratings reiterated a "buy (b)" rating on shares of Sprouts Farmers Market in a research note on Saturday, September 27th. Finally, Evercore ISI reduced their target price on shares of Sprouts Farmers Market from $190.00 to $170.00 and set an "outperform" rating for the company in a research note on Friday. Nine equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, Sprouts Farmers Market presently has an average rating of "Moderate Buy" and a consensus price target of $177.21.

Sprouts Farmers Market Trading Up 0.6%

Shares of Sprouts Farmers Market stock opened at $105.93 on Friday. The firm has a fifty day simple moving average of $136.66 and a 200-day simple moving average of $152.86. Sprouts Farmers Market, Inc. has a 1-year low of $102.40 and a 1-year high of $182.00. The stock has a market capitalization of $10.35 billion, a price-to-earnings ratio of 21.80, a PEG ratio of 1.19 and a beta of 0.77.

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

Sprouts Farmers Market announced that its Board of Directors has initiated a stock buyback plan on Tuesday, August 19th that allows the company to repurchase $0.00 in outstanding shares. This repurchase authorization allows the company to reacquire shares of its stock through open market purchases. Shares repurchase plans are often a sign that the company's board of directors believes its stock is undervalued.

Insider Buying and Selling at Sprouts Farmers Market

In other Sprouts Farmers Market news, CTO James H. Bahrenburg sold 4,292 shares of the business's stock in a transaction on Friday, September 12th. The shares were sold at an average price of $137.06, for a total value of $588,261.52. Following the sale, the chief technology officer owned 9,167 shares of the company's stock, valued at $1,256,429.02. The trade was a 31.89% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Joe Fortunato sold 10,000 shares of the business's stock in a transaction 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 sale, the director directly owned 18,164 shares in the company, valued at $2,680,461.48. This trade represents a 35.51% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 37,561 shares of company stock valued at $5,499,641 in the last three months. 1.10% of the stock is owned by insiders.

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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