Koshinski Asset Management Inc. Buys Shares of 4,003 Sprouts Farmers Market, Inc. $SFM

Koshinski Asset Management Inc. purchased a new position in Sprouts Farmers Market, Inc. (NASDAQ:SFM) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 4,003 shares of the company’s stock, valued at approximately $659,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Dogwood Wealth Management LLC purchased a new position in Sprouts Farmers Market during the first quarter valued at approximately $30,000. Truvestments Capital LLC bought a new stake in Sprouts Farmers Market during the 1st quarter valued at $35,000. SVB Wealth LLC purchased a new position in shares of Sprouts Farmers Market in the 1st quarter valued at $36,000. Brooklyn Investment Group increased its holdings in shares of Sprouts Farmers Market by 12,100.0% in the 1st quarter. Brooklyn Investment Group now owns 244 shares of the company’s stock valued at $37,000 after acquiring an additional 242 shares during the period. Finally, Global Trust Asset Management LLC raised its position in shares of Sprouts Farmers Market by 520.8% in the 2nd quarter. Global Trust Asset Management LLC now owns 298 shares of the company’s stock worth $49,000 after acquiring an additional 250 shares in the last quarter.

Sprouts Farmers Market Trading Up 0.2%

NASDAQ SFM opened at $111.78 on Monday. Sprouts Farmers Market, Inc. has a 12-month low of $98.75 and a 12-month high of $182.00. The company has a fifty day simple moving average of $127.39 and a two-hundred day simple moving average of $150.01. The stock has a market cap of $10.92 billion, a P/E ratio of 23.00, a P/E/G ratio of 1.26 and a beta of 0.77.

Sprouts Farmers Market (NASDAQ:SFM) last released its earnings results on Wednesday, July 30th. The company reported $1.35 earnings per share (EPS) for the quarter, beating the consensus estimate 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 firm had revenue of $2.22 billion for the quarter, compared to the consensus estimate of $2.16 billion. During the same period in the prior year, the firm earned $0.94 EPS. The firm’s 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. As a group, sell-side analysts forecast that Sprouts Farmers Market, Inc. will post 4.29 earnings per share for the current year.

Sprouts Farmers Market declared that its Board of Directors has initiated a share buyback plan on Tuesday, August 19th that authorizes the company to repurchase $0.00 in shares. This repurchase authorization authorizes the company to purchase shares of its stock through open market purchases. Shares repurchase plans are usually a sign that the company’s management believes its stock is undervalued.

Insider Activity

In related news, CEO Jack Sinclair sold 4,045 shares of the firm’s stock in a transaction on Monday, October 6th. The shares were sold at an average price of $103.00, for a total transaction of $416,635.00. Following the completion of the transaction, the chief executive officer owned 174,740 shares of the company’s stock, valued at $17,998,220. This trade represents a 2.26% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Kim Coffin sold 651 shares of the business’s stock in a transaction dated Thursday, August 28th. The shares were sold at an average price of $141.58, for a total value of $92,168.58. Following the completion of the transaction, the senior vice president directly owned 11,235 shares of the company’s stock, valued at approximately $1,590,651.30. This trade represents a 5.48% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 38,429 shares of company stock valued at $5,351,362. 1.10% of the stock is owned by insiders.

Analysts Set New Price Targets

SFM has been the topic of a number of recent research reports. Evercore ISI dropped their price objective on Sprouts Farmers Market from $190.00 to $185.00 and set an “outperform” rating on the stock in a research report on Tuesday, October 14th. Barclays upgraded shares of Sprouts Farmers Market from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $173.00 to $185.00 in a report on Thursday, July 31st. Wells Fargo & Company raised shares of 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. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Sprouts Farmers Market in a research report on Tuesday, October 14th. Finally, Royal Bank Of Canada set a $148.00 price objective on Sprouts Farmers Market and gave the stock an “outperform” rating in a research report on Monday, October 13th. Ten research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $176.29.

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.