Harbor Capital Advisors Inc. Has $21.01 Million Stock Holdings in Sprouts Farmers Market, Inc. $SFM

Key Points

• Harbor Capital Advisors Inc. reduced its stake in Sprouts Farmers Market by 13.3%, now owning 127,586 shares valued at approximately $21 million.
• Sprouts Farmers Market reported a quarterly earnings per share of $1.35, exceeding expectations, with a revenue of $2.22 billion, a 17.3% year-over-year increase.
• Insiders sold a total of 39,561 shares worth over $5.8 million in the last three months, with notable sales from CTO James H. Bahrenburg and Director Joseph D. O'leary.

Harbor Capital Advisors Inc. reduced its holdings in Sprouts Farmers Market, Inc. (NASDAQ:SFM - Free Report) by 13.3% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 127,586 shares of the company's stock after selling 19,561 shares during the quarter. Sprouts Farmers Market accounts for 0.9% of Harbor Capital Advisors Inc.'s portfolio, making the stock its 8th largest position. Harbor Capital Advisors Inc. owned about 0.13% of Sprouts Farmers Market worth $21,006,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in SFM. Whipplewood Advisors LLC increased its position in shares of Sprouts Farmers Market by 92.0% during the 1st quarter. Whipplewood Advisors LLC now owns 192 shares of the company's stock valued at $29,000 after purchasing an additional 92 shares during the period. Dogwood Wealth Management LLC acquired a new position in shares of Sprouts Farmers Market during the 1st quarter valued at $30,000. Truvestments Capital LLC acquired a new position in shares of Sprouts Farmers Market during the 1st quarter valued at $35,000. SVB Wealth LLC acquired a new position in shares of Sprouts Farmers Market during the 1st quarter valued at $36,000. Finally, Brooklyn Investment Group increased its position in shares of Sprouts Farmers Market by 12,100.0% during the 1st quarter. Brooklyn Investment Group now owns 244 shares of the company's stock valued at $37,000 after purchasing an additional 242 shares during the period.

Insiders Place Their Bets

In related news, Director Joseph D. O'leary sold 2,937 shares of Sprouts Farmers Market 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 of the company's stock, valued at $2,250,149.58. This trade represents a 16.38% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Jack Sinclair sold 4,045 shares of the business's stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $138.60, for a total transaction of $560,637.00. Following the sale, the chief executive officer directly owned 174,740 shares in the company, valued at approximately $24,218,964. The trade was a 2.26% 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 over the last three months. 1.10% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages have recently commented on SFM. Barclays raised Sprouts Farmers Market from an "equal weight" rating to an "overweight" rating and raised their target price for the stock from $173.00 to $185.00 in a research report on Thursday, July 31st. Royal Bank Of Canada raised their target price on Sprouts Farmers Market from $173.00 to $176.00 and gave the stock a "sector perform" rating in a research report on Thursday, July 31st. UBS Group set a $180.00 price objective on Sprouts Farmers Market in a research report on Thursday, July 31st. JPMorgan Chase & Co. initiated coverage on Sprouts Farmers Market in a research report on Wednesday, August 20th. They set a "neutral" rating and a $159.00 price objective for the company. Finally, Wells Fargo & Company upgraded Sprouts Farmers Market from an "equal weight" rating to an "overweight" rating and raised their target price for the company from $175.00 to $180.00 in a report on Tuesday, August 5th. Eight investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $173.73.

Sprouts Farmers Market Stock Down 1.9%

NASDAQ:SFM traded down $2.34 during trading hours on Friday, hitting $120.41. 3,766,234 shares of the stock were exchanged, compared to its average volume of 1,770,565. The company's 50 day moving average is $147.43 and its two-hundred day moving average is $154.66. The company has a market capitalization of $11.77 billion, a P/E ratio of 24.78, a price-to-earnings-growth ratio of 1.39 and a beta of 0.86. Sprouts Farmers Market, Inc. has a twelve month low of $104.45 and a twelve month high of $182.00.

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

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