Redhawk Wealth Advisors Inc. Makes New $810,000 Investment in Sprouts Farmers Market, Inc. $SFM

Key Points

• Redhawk Wealth Advisors Inc. has invested $810,000 in Sprouts Farmers Market by acquiring 4,920 shares during the 2nd quarter.
• Insiders at Sprouts Farmers Market have recently sold significant shares, with one insider selling 7,200 shares worth over $1 million, indicating a decrease in their ownership.
• Wall Street analysts' ratings on Sprouts Farmers Market have shown mixed signals, with some upgrading their outlook and others downgrading it, reflecting varied confidence in the company's future performance.

Redhawk Wealth Advisors Inc. bought a new position in Sprouts Farmers Market, Inc. (NASDAQ:SFM - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 4,920 shares of the company's stock, valued at approximately $810,000.

A number of other institutional investors have also recently made changes to their positions in SFM. Toronto Dominion Bank bought a new position in Sprouts Farmers Market in the 4th quarter valued at approximately $63,000. Two Sigma Advisers LP raised its stake in shares of Sprouts Farmers Market by 3.6% in the fourth quarter. Two Sigma Advisers LP now owns 89,300 shares of the company's stock worth $11,347,000 after purchasing an additional 3,100 shares during the last quarter. Two Sigma Investments LP lifted its holdings in shares of 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 purchasing an additional 2,261 shares in the last quarter. Vident Advisory LLC boosted its position in shares of Sprouts Farmers Market by 1.4% during the fourth quarter. Vident Advisory LLC now owns 7,641 shares of the company's stock valued at $971,000 after buying an additional 108 shares during the last quarter. Finally, Mackenzie Financial Corp boosted its position in shares of Sprouts Farmers Market by 48.1% during the fourth quarter. Mackenzie Financial Corp now owns 10,066 shares of the company's stock valued at $1,279,000 after buying an additional 3,271 shares during the last quarter.

Sprouts Farmers Market Price Performance

Shares of NASDAQ SFM traded down $0.63 during mid-day trading on Tuesday, reaching $118.96. The company's stock had a trading volume of 378,821 shares, compared to its average volume of 1,753,122. The stock has a fifty day moving average of $146.53 and a two-hundred day moving average of $154.72. The firm has a market capitalization of $11.63 billion, a PE ratio of 24.48, a P/E/G ratio of 1.36 and a beta of 0.87. Sprouts Farmers Market, Inc. has a 52 week low of $107.36 and a 52 week high of $182.00.

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

Sprouts Farmers Market announced that its board has initiated a share buyback 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 often an indication that the company's board of directors believes its stock is undervalued.

Insider Activity at Sprouts Farmers Market

In other Sprouts Farmers Market news, Director Joseph D. O'leary sold 2,937 shares of the business's stock in a transaction 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 sale, the director owned 14,994 shares in the company, valued at $2,250,149.58. The trade was a 16.38% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CTO James H. Bahrenburg sold 4,292 shares of the stock in a transaction dated Friday, September 12th. The shares were sold at an average price of $137.06, for a total transaction of $588,261.52. Following the transaction, the chief technology officer directly owned 9,167 shares of the company's stock, valued at $1,256,429.02. This trade represents a 31.89% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 39,561 shares of company stock valued at $5,828,401 in the last ninety days. Corporate insiders own 1.10% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on SFM. UBS Group set a $180.00 target price on Sprouts Farmers Market in a research report on Thursday, July 31st. Evercore ISI decreased their price objective 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. Wall Street Zen upgraded shares of Sprouts Farmers Market from a "hold" rating to a "buy" rating in a report on Sunday. JPMorgan Chase & Co. assumed coverage on shares of Sprouts Farmers Market in a research report on Wednesday, August 20th. They issued a "neutral" rating and a $159.00 target price for the company. Finally, Wells Fargo & Company upgraded shares of Sprouts Farmers Market from an "equal weight" rating to an "overweight" rating and boosted their target price for the company from $175.00 to $180.00 in a research note on Tuesday, August 5th. Eight research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, Sprouts Farmers Market presently has a consensus rating of "Moderate Buy" and an average target price of $178.64.

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.