Petra Financial Advisors Inc. Purchases 4,736 Shares of Sprouts Farmers Market, Inc. $SFM

Petra Financial Advisors Inc. lifted its position in Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 150.7% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 7,879 shares of the company’s stock after buying an additional 4,736 shares during the period. Petra Financial Advisors Inc.’s holdings in Sprouts Farmers Market were worth $1,297,000 as of its most recent SEC filing.

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

Sprouts Farmers Market Stock Up 0.5%

Sprouts Farmers Market stock opened at $106.80 on Tuesday. The stock has a 50-day moving average price of $122.86 and a 200 day moving average price of $148.34. The company has a market capitalization of $10.44 billion, a price-to-earnings ratio of 21.98, a price-to-earnings-growth ratio of 1.20 and a beta of 0.77. Sprouts Farmers Market, Inc. has a 52 week low of $98.75 and a 52 week high of $182.00.

Sprouts Farmers Market (NASDAQ:SFM) last posted its quarterly earnings results on Wednesday, July 30th. The company reported $1.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.23 by $0.12. Sprouts Farmers Market had a net margin of 5.77% and a return on equity of 36.53%. The company had revenue of $2.22 billion during the quarter, compared to analyst estimates of $2.16 billion. During the same period last year, the firm posted $0.94 EPS. Sprouts Farmers Market’s revenue for the quarter 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. Research analysts anticipate that Sprouts Farmers Market, Inc. will post 4.29 EPS for the current fiscal 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 shares. This buyback authorization authorizes the company to purchase shares of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s management believes its shares are undervalued.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Bank of America decreased their price target on Sprouts Farmers Market from $200.00 to $160.00 and set a “buy” rating for the company in a research note on Thursday, October 23rd. Barclays upgraded shares of Sprouts Farmers Market from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $173.00 to $185.00 in a report on Thursday, July 31st. JPMorgan Chase & Co. lowered their target price on shares of Sprouts Farmers Market from $159.00 to $124.00 and set a “neutral” rating for the company in a research note on Thursday, October 23rd. The Goldman Sachs Group dropped their target price on shares of Sprouts Farmers Market from $209.00 to $178.00 and set a “buy” rating on the stock in a research report on Wednesday, October 22nd. Finally, Wall Street Zen upgraded shares of Sprouts Farmers Market from a “hold” rating to a “buy” rating in a research note on Sunday. Ten investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $161.00.

Insider Activity

In other Sprouts Farmers Market news, CEO Jack Sinclair sold 4,045 shares of Sprouts Farmers Market stock in a transaction dated Monday, October 6th. The stock was 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 in the company, valued at approximately $17,998,220. This trade represents a 2.26% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Dustin Hamilton sold 7,200 shares of the business’s stock in a transaction dated Thursday, September 11th. The shares were 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 directly owned 16,349 shares of the company’s stock, valued at approximately $2,271,693.55. This trade represents a 30.57% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 38,429 shares of company stock valued at $5,351,362 over the last quarter. 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.