Farther Finance Advisors LLC Increases Position in Sprouts Farmers Market, Inc. $SFM

Key Points

• Farther Finance Advisors LLC increased its stake in Sprouts Farmers Market by 149.6% during the second quarter, ending with a total of 5,349 shares valued at approximately $881,000.
• Wall Street analysts have a consensus rating of "Moderate Buy" for Sprouts Farmers Market with an average target price of $178.64, reflecting optimism about the company's performance.
• Insider trading activity included Director Joseph D. O'leary selling 2,937 shares for a total of $440,755, highlighting a 16.38% decrease in his ownership of the stock.

Farther Finance Advisors LLC boosted its holdings in Sprouts Farmers Market, Inc. (NASDAQ:SFM - Free Report) by 149.6% during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 5,349 shares of the company's stock after purchasing an additional 3,206 shares during the quarter. Farther Finance Advisors LLC's holdings in Sprouts Farmers Market were worth $881,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Silver Oak Securities Incorporated purchased a new stake in shares of Sprouts Farmers Market during the second quarter valued at approximately $727,000. Financiere des Professionnels Fonds d investissement inc. purchased a new stake in shares of Sprouts Farmers Market during the second quarter valued at approximately $155,000. Livforsakringsbolaget Skandia Omsesidigt grew its holdings in shares of Sprouts Farmers Market by 113.5% during the second quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 7,900 shares of the company's stock valued at $1,300,000 after buying an additional 4,200 shares during the last quarter. Redhawk Wealth Advisors Inc. purchased a new stake in shares of Sprouts Farmers Market during the second quarter valued at approximately $810,000. Finally, Andrew Hill Investment Advisors Inc. purchased a new stake in shares of Sprouts Farmers Market during the second quarter valued at approximately $3,128,000.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on SFM shares. JPMorgan Chase & Co. started coverage on shares of Sprouts Farmers Market in a report on Wednesday, August 20th. They set a "neutral" rating and a $159.00 price target on the stock. UBS Group set a $180.00 price target on shares of Sprouts Farmers Market in a report on Thursday, July 31st. Royal Bank Of Canada increased their price target on shares of Sprouts Farmers Market from $173.00 to $176.00 and gave the company a "sector perform" rating in a report on Thursday, July 31st. 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. Finally, 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 report on Tuesday, August 12th. Eight analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $178.64.

Insiders Place Their Bets

In other Sprouts Farmers Market news, Director Joseph D. O'leary sold 2,937 shares of the stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $150.07, for a total value of $440,755.59. Following the transaction, the director directly owned 14,994 shares in the company, valued at approximately $2,250,149.58. This trade represents a 16.38% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Dustin Hamilton sold 7,200 shares of the firm's stock in a transaction on Thursday, September 11th. The shares were sold at an average price of $138.95, for a total transaction of $1,000,440.00. Following the sale, the insider owned 16,349 shares in the company, valued at $2,271,693.55. The trade was a 30.57% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 39,561 shares of company stock valued at $5,828,401. 1.10% of the stock is currently owned by corporate insiders.

Sprouts Farmers Market Trading Down 3.8%

SFM opened at $111.36 on Friday. Sprouts Farmers Market, Inc. has a 1-year low of $107.36 and a 1-year high of $182.00. The company has a market capitalization of $10.88 billion, a PE ratio of 22.91, a PEG ratio of 1.31 and a beta of 0.86. The firm's 50 day simple moving average is $143.43 and its two-hundred day simple moving average is $154.06.

Sprouts Farmers Market (NASDAQ:SFM - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The company reported $1.35 earnings per share for the quarter, topping the consensus estimate 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 the consensus estimate of $2.16 billion. During the same period last year, the firm earned $0.94 earnings per share. The company's quarterly 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. Equities 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 approved a stock buyback plan on Tuesday, August 19th that permits the company to buyback $0.00 in outstanding shares. This buyback authorization permits the company to repurchase shares of its stock through open market purchases. Stock buyback plans are generally a sign that the company's board of directors believes its shares are 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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