Merit Financial Group LLC Sells 1,963 Shares of Sprouts Farmers Market, Inc. $SFM

Merit Financial Group LLC decreased its holdings in Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 3.2% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 59,160 shares of the company’s stock after selling 1,963 shares during the period. Merit Financial Group LLC owned about 0.06% of Sprouts Farmers Market worth $9,740,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Brown Miller Wealth Management LLC raised its stake in Sprouts Farmers Market by 12.3% in the 2nd quarter. Brown Miller Wealth Management LLC now owns 2,452 shares of the company’s stock valued at $404,000 after acquiring an additional 268 shares during the period. Elevate Capital Advisors LLC bought a new position in Sprouts Farmers Market during the second quarter worth $2,227,000. AMF Tjanstepension AB acquired a new position in shares of Sprouts Farmers Market in the second quarter valued at $1,580,000. LGT Fund Management Co Ltd. raised its position in shares of Sprouts Farmers Market by 26.5% in the second quarter. LGT Fund Management Co Ltd. now owns 23,200 shares of the company’s stock valued at $3,820,000 after purchasing an additional 4,856 shares during the period. Finally, J. Safra Sarasin Holding AG lifted its stake in shares of Sprouts Farmers Market by 38.0% during the 2nd quarter. J. Safra Sarasin Holding AG now owns 6,427 shares of the company’s stock worth $1,058,000 after buying an additional 1,771 shares during the last quarter.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on SFM. Jefferies Financial Group upgraded shares of Sprouts Farmers Market from a “hold” rating to a “buy” rating and set a $190.00 price target on the stock in a research note on Friday, August 1st. Royal Bank Of Canada boosted their price objective on Sprouts Farmers Market from $173.00 to $176.00 and gave the stock a “sector perform” rating in a report on Thursday, July 31st. Wall Street Zen upgraded Sprouts Farmers Market from a “hold” rating to a “buy” rating in a research note on Sunday, September 21st. Wells Fargo & Company raised Sprouts Farmers Market from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $175.00 to $180.00 in a report on Tuesday, August 5th. Finally, UBS Group set a $180.00 price objective on Sprouts Farmers Market in a report on Thursday, July 31st. Nine investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $177.21.

Sprouts Farmers Market Price Performance

Sprouts Farmers Market stock opened at $105.93 on Monday. The firm has a market cap of $10.35 billion, a PE ratio of 21.80, a price-to-earnings-growth ratio of 1.20 and a beta of 0.77. The stock’s fifty day moving average price is $136.66 and its two-hundred day moving average price is $153.03. Sprouts Farmers Market, Inc. has a one year low of $102.40 and a one year high of $182.00.

Sprouts Farmers Market (NASDAQ:SFM) last issued 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. The company had revenue of $2.22 billion for the quarter, compared to analysts’ expectations of $2.16 billion. Sprouts Farmers Market had a return on equity of 36.53% and a net margin of 5.77%.Sprouts Farmers Market’s revenue was up 17.3% on a year-over-year basis. During the same quarter last year, the business earned $0.94 earnings per share. Sprouts Farmers Market has set its FY 2025 guidance at 5.200-5.320 EPS. Q3 2025 guidance at 1.120-1.160 EPS. Sell-side analysts expect 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 initiated 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 repurchase shares of its stock through open market purchases. Shares buyback plans are generally a sign that the company’s management believes its stock is undervalued.

Insider Activity

In other Sprouts Farmers Market news, CEO Jack Sinclair sold 4,045 shares of the firm’s stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $138.60, for a total value of $560,637.00. Following the sale, the chief executive officer owned 174,740 shares of the company’s stock, valued at approximately $24,218,964. This trade represents a 2.26% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Dustin Hamilton sold 7,200 shares of the business’s stock in a transaction 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 transaction, the insider directly owned 16,349 shares of the company’s stock, valued at $2,271,693.55. This trade represents a 30.57% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 33,516 shares of company stock valued at $4,840,549. Corporate insiders own 1.10% of the company’s stock.

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.