Envestnet Portfolio Solutions Inc. Acquires 7,850 Shares of Sprouts Farmers Market, Inc. $SFM

Key Points

• Envestnet Portfolio Solutions Inc. significantly increased its holdings in Sprouts Farmers Market by 152.7%, acquiring an additional 7,850 shares for a total of 12,990 shares valued at approximately $2.14 million.
• Multiple hedge funds, including Unified Investment Management and Crossmark Global Holdings, have also adjusted their positions in Sprouts Farmers Market, reflecting growing institutional interest.
• Sprouts Farmers Market's stock received positive upgrades from several analysts, with target prices ranging from $148.00 to $190.00, indicating strong market confidence ahead of upcoming earnings reports.

Envestnet Portfolio Solutions Inc. boosted its position in Sprouts Farmers Market, Inc. (NASDAQ:SFM - Free Report) by 152.7% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,990 shares of the company's stock after buying an additional 7,850 shares during the period. Envestnet Portfolio Solutions Inc.'s holdings in Sprouts Farmers Market were worth $2,139,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Unified Investment Management boosted its stake 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 worth $1,206,000 after buying an additional 65 shares during the last quarter. Crossmark Global Holdings Inc. boosted its stake in shares of Sprouts Farmers Market by 1.2% in the 1st quarter. Crossmark Global Holdings Inc. now owns 7,201 shares of the company's stock worth $1,099,000 after buying an additional 84 shares during the last quarter. Greenleaf Trust boosted its stake in shares of Sprouts Farmers Market by 3.3% in the 2nd quarter. Greenleaf Trust now owns 2,750 shares of the company's stock worth $453,000 after buying an additional 89 shares during the last quarter. Avantax Advisory Services Inc. boosted its stake in shares of Sprouts Farmers Market by 2.1% in the 1st quarter. Avantax Advisory Services Inc. now owns 4,899 shares of the company's stock worth $748,000 after buying an additional 99 shares during the last quarter. Finally, Linden Thomas Advisory Services LLC boosted its stake in shares of Sprouts Farmers Market by 3.0% in the 1st quarter. Linden Thomas Advisory Services LLC now owns 3,492 shares of the company's stock worth $533,000 after buying an additional 102 shares during the last quarter.

Wall Street Analyst Weigh In

SFM has been the topic of a number of research analyst reports. Barclays upgraded Sprouts Farmers Market from an "equal weight" rating to an "overweight" rating and boosted their target price for the stock from $173.00 to $185.00 in a research note on Thursday, July 31st. Jefferies Financial Group upgraded Sprouts Farmers Market from a "hold" rating to a "buy" rating and set a $190.00 target price on the stock in a research note on Friday, August 1st. Wells Fargo & Company upgraded Sprouts Farmers Market from an "equal weight" rating to an "overweight" rating and boosted their target price for the stock from $175.00 to $180.00 in a research note on Tuesday, August 5th. JPMorgan Chase & Co. initiated coverage on Sprouts Farmers Market in a research note on Wednesday, August 20th. They issued a "neutral" rating and a $159.00 price objective on the stock. Finally, Royal Bank Of Canada set a $148.00 price objective on Sprouts Farmers Market and gave the company an "outperform" rating in a research note on Monday. Ten investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. Based on data from MarketBeat, Sprouts Farmers Market currently has an average rating of "Moderate Buy" and an average price target of $176.29.

Insider Buying and Selling at Sprouts Farmers Market

In other Sprouts Farmers Market news, 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 sale, the director owned 18,164 shares of the company's stock, valued at $2,680,461.48. The trade was a 35.51% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, 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 transaction of $588,261.52. Following the sale, the chief technology officer directly owned 9,167 shares in the company, valued at $1,256,429.02. The trade was a 31.89% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 38,429 shares of company stock worth $5,351,362. Company insiders own 1.10% of the company's stock.

Sprouts Farmers Market Price Performance

Shares of SFM stock opened at $111.55 on Friday. The company's fifty day simple moving average is $128.14 and its two-hundred day simple moving average is $150.39. Sprouts Farmers Market, Inc. has a 1 year low of $98.75 and a 1 year high of $182.00. The stock has a market capitalization of $10.90 billion, a price-to-earnings ratio of 22.95, a PEG ratio of 1.29 and a beta of 0.77.

Sprouts Farmers Market (NASDAQ:SFM - Get Free Report) last issued its earnings results on Wednesday, July 30th. The company reported $1.35 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to analysts' expectations of $2.16 billion. During the same quarter in the previous year, the firm posted $0.94 EPS. The business's revenue for the quarter was up 17.3% compared to the same quarter last year. Sprouts Farmers Market has set its FY 2025 guidance at 5.200-5.320 EPS. Q3 2025 guidance at 1.120-1.160 EPS. Equities research analysts anticipate 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 repurchase program on Tuesday, August 19th that permits the company to repurchase $0.00 in outstanding shares. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Shares repurchase programs are usually an indication that the company's board believes its stock is undervalued.

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.

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