Pure Financial Advisors LLC Acquires 252 Shares of Sprouts Farmers Market, Inc. $SFM

Pure Financial Advisors LLC grew its holdings in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 11.2% in the second quarter, HoldingsChannel reports. The fund owned 2,509 shares of the company’s stock after purchasing an additional 252 shares during the quarter. Pure Financial Advisors LLC’s holdings in Sprouts Farmers Market were worth $413,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of SFM. Wealth Enhancement Advisory Services LLC boosted its holdings in Sprouts Farmers Market by 24.7% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 5,954 shares of the company’s stock worth $757,000 after buying an additional 1,178 shares during the period. MRA Advisory Group bought a new position in Sprouts Farmers Market in the 1st quarter worth $555,000. UMB Bank n.a. boosted its holdings in Sprouts Farmers Market by 248.1% in the 1st quarter. UMB Bank n.a. now owns 2,792 shares of the company’s stock worth $426,000 after buying an additional 1,990 shares during the period. Park Avenue Securities LLC boosted its holdings in Sprouts Farmers Market by 2.6% in the 1st quarter. Park Avenue Securities LLC now owns 4,749 shares of the company’s stock worth $725,000 after buying an additional 122 shares during the period. Finally, Farther Finance Advisors LLC boosted its holdings in Sprouts Farmers Market by 104.3% in the 1st quarter. Farther Finance Advisors LLC now owns 2,143 shares of the company’s stock worth $333,000 after buying an additional 1,094 shares during the period.

Sprouts Farmers Market Stock Up 0.6%

Shares of SFM stock opened at $105.93 on Friday. The stock has a market cap of $10.35 billion, a P/E ratio of 21.80, a PEG ratio of 1.19 and a beta of 0.77. Sprouts Farmers Market, Inc. has a 52 week low of $102.40 and a 52 week high of $182.00. The company’s fifty day simple moving average is $136.66 and its two-hundred day simple moving average is $152.86.

Sprouts Farmers Market (NASDAQ:SFM) last announced its quarterly earnings results on Wednesday, July 30th. The company reported $1.35 EPS for the quarter, topping the consensus estimate of $1.23 by $0.12. The business had revenue of $2.22 billion for 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 business’s quarterly revenue was up 17.3% compared to the same quarter last year. During the same quarter in the previous 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, analysts anticipate that Sprouts Farmers Market, Inc. will post 4.29 EPS 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 allows the company to buyback $0.00 in outstanding shares. This buyback authorization allows the company to repurchase shares of its stock through open market purchases. Stock buyback plans are often a sign that the company’s management believes its shares are undervalued.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on SFM shares. Evercore ISI dropped their target price on shares of Sprouts Farmers Market from $190.00 to $170.00 and set an “outperform” rating for the company in a report on Friday. UBS Group set a $180.00 target price on shares of Sprouts Farmers Market in a report on Thursday, July 31st. Jefferies Financial Group raised shares of Sprouts Farmers Market from a “hold” rating to a “buy” rating and set a $190.00 target price for the company in a report on Friday, August 1st. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Sprouts Farmers Market in a report on Saturday, September 27th. Finally, JPMorgan Chase & Co. initiated coverage on shares of Sprouts Farmers Market in a research note on Wednesday, August 20th. They issued a “neutral” rating and a $159.00 price target on the stock. Nine equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $177.21.

Insider Activity

In other news, CEO Jack Sinclair sold 4,045 shares of the company’s stock in a transaction dated Tuesday, September 2nd. The shares were 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. This represents a 2.26% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Joe Fortunato sold 10,000 shares of the company’s stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $147.57, for a total transaction of $1,475,700.00. Following the sale, the director owned 18,164 shares in the company, valued at $2,680,461.48. This represents a 35.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 37,561 shares of company stock worth $5,499,641. 1.10% of the stock is owned by insiders.

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.