Ameritas Advisory Services LLC Decreases Stock Position in Sprouts Farmers Market, Inc. $SFM

Ameritas Advisory Services LLC cut its holdings in Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 25.6% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 5,082 shares of the company’s stock after selling 1,746 shares during the quarter. Ameritas Advisory Services LLC’s holdings in Sprouts Farmers Market were worth $837,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Dogwood Wealth Management LLC acquired a new position in Sprouts Farmers Market in the 1st quarter valued at about $30,000. Truvestments Capital LLC acquired a new position in Sprouts Farmers Market in the 1st quarter valued at about $35,000. SVB Wealth LLC acquired a new position in Sprouts Farmers Market in the 1st quarter valued at about $36,000. Brooklyn Investment Group raised its stake in 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 purchasing an additional 242 shares during the last quarter. Finally, Global Trust Asset Management LLC raised its stake in Sprouts Farmers Market by 520.8% in the 2nd 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 last quarter.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on SFM. Weiss Ratings reissued a “buy (b)” rating on shares of Sprouts Farmers Market in a research note on Saturday, September 27th. Wall Street Zen raised shares of Sprouts Farmers Market from a “hold” rating to a “buy” rating in a research note on Sunday, September 21st. UBS Group set a $180.00 target price on shares of Sprouts Farmers Market in a research note on Thursday, July 31st. Evercore ISI dropped their price objective 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. Finally, Barclays raised 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 research note on Thursday, July 31st. Nine research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $177.21.

Insider Buying and Selling at Sprouts Farmers Market

In other news, Director Joe Fortunato sold 10,000 shares of the business’s stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $147.57, for a total transaction of $1,475,700.00. Following the completion of the sale, the director owned 18,164 shares in the company, valued at approximately $2,680,461.48. The trade was a 35.51% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Dustin Hamilton sold 7,200 shares of the business’s stock in a transaction dated 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 sale, the insider owned 16,349 shares of the company’s stock, 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. In the last ninety days, insiders have sold 33,516 shares of company stock worth $4,840,549. Company insiders own 1.10% of the company’s stock.

Sprouts Farmers Market Price Performance

NASDAQ SFM opened at $105.93 on Monday. Sprouts Farmers Market, Inc. has a 12 month low of $102.40 and a 12 month high of $182.00. The company has a market cap of $10.35 billion, a P/E ratio of 21.80, a P/E/G ratio of 1.20 and a beta of 0.77. The company has a 50-day moving average of $136.66 and a 200-day moving average of $153.03.

Sprouts Farmers Market (NASDAQ:SFM) last issued its 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 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 analysts’ expectations of $2.16 billion. During the same quarter in the previous year, the business earned $0.94 EPS. The company’s revenue for the quarter 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, equities research analysts anticipate that Sprouts Farmers Market, Inc. will post 4.29 EPS for the current year.

Sprouts Farmers Market declared that its board has authorized a share buyback program on Tuesday, August 19th that authorizes the company to repurchase $0.00 in shares. This repurchase authorization authorizes the company to reacquire shares of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s leadership believes its shares are undervalued.

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.