Brown Miller Wealth Management LLC Has $404,000 Stock Holdings in Sprouts Farmers Market, Inc. $SFM

Brown Miller Wealth Management LLC lifted its holdings in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 12.3% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,452 shares of the company’s stock after purchasing an additional 268 shares during the period. Brown Miller Wealth Management LLC’s holdings in Sprouts Farmers Market were worth $404,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in SFM. Dogwood Wealth Management LLC acquired a new stake in shares of Sprouts Farmers Market during the 1st quarter worth approximately $30,000. Truvestments Capital LLC acquired a new stake in Sprouts Farmers Market in the first quarter worth $35,000. SVB Wealth LLC acquired a new stake in Sprouts Farmers Market in the first quarter worth $36,000. Brooklyn Investment Group increased its stake in Sprouts Farmers Market by 12,100.0% in the first quarter. Brooklyn Investment Group now owns 244 shares of the company’s stock valued at $37,000 after purchasing an additional 242 shares in the last quarter. Finally, Global Trust Asset Management LLC raised its holdings in shares of Sprouts Farmers Market by 520.8% during the second quarter. Global Trust Asset Management LLC now owns 298 shares of the company’s stock valued at $49,000 after purchasing an additional 250 shares during the period.

Sprouts Farmers Market Stock Up 0.6%

Shares of NASDAQ:SFM opened at $105.93 on Friday. The business’s 50 day moving average is $136.66 and its 200 day moving average is $152.94. Sprouts Farmers Market, Inc. has a 12-month low of $102.40 and a 12-month high of $182.00. The stock has a market cap of $10.35 billion, a price-to-earnings ratio of 21.80, a PEG ratio of 1.20 and a beta of 0.77.

Sprouts Farmers Market (NASDAQ:SFM) last released its quarterly earnings results on Wednesday, July 30th. The company reported $1.35 EPS for the quarter, beating 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 business had revenue of $2.22 billion during the quarter, compared to analyst estimates of $2.16 billion. During the same period in the prior year, the firm posted $0.94 EPS. Sprouts Farmers Market’s quarterly 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. As a group, equities research analysts expect that Sprouts Farmers Market, Inc. will post 4.29 earnings per share for the current year.

Sprouts Farmers Market declared that its board has authorized a stock buyback program on Tuesday, August 19th that allows the company to repurchase $0.00 in outstanding shares. This repurchase authorization allows the company to buy shares of its stock through open market purchases. Shares repurchase programs are typically an indication that the company’s management believes its shares are undervalued.

Insider Activity at Sprouts Farmers Market

In other Sprouts Farmers Market news, CEO Jack Sinclair sold 4,045 shares of the stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $138.60, for a total value of $560,637.00. Following the completion of the sale, the chief executive officer owned 174,740 shares in the company, valued at approximately $24,218,964. This trade represents a 2.26% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Dustin Hamilton sold 7,200 shares of the business’s stock in a transaction that occurred on Thursday, September 11th. The stock was sold at an average price of $138.95, for a total value of $1,000,440.00. Following the completion of the transaction, the insider owned 16,349 shares in the company, valued at $2,271,693.55. The trade was a 30.57% decrease in their position. The disclosure for this sale can be found here. Insiders sold 37,561 shares of company stock valued at $5,499,641 over the last three months. Insiders own 1.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on SFM shares. Barclays raised Sprouts Farmers Market from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $173.00 to $185.00 in a research report on Thursday, July 31st. Jefferies Financial Group upgraded Sprouts Farmers Market from a “hold” rating to a “buy” rating and set a $190.00 price objective for the company in a report on Friday, August 1st. Wells Fargo & Company raised Sprouts Farmers Market from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $175.00 to $180.00 in a research report on Tuesday, August 5th. Royal Bank Of Canada lifted 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 research report on Thursday, July 31st. Finally, Evercore ISI decreased their price target 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 analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $177.21.

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.