Sequoia Financial Advisors LLC Boosts Stock Holdings in Sprouts Farmers Market, Inc. $SFM

Sequoia Financial Advisors LLC lifted its stake in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 21.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,663 shares of the company’s stock after acquiring an additional 812 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Sprouts Farmers Market were worth $768,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Sowell Financial Services LLC purchased a new stake in shares of Sprouts Farmers Market during the first quarter worth $270,000. AMF Tjanstepension AB purchased a new stake in shares of Sprouts Farmers Market during the second quarter worth $1,580,000. Silver Oak Securities Incorporated purchased a new stake in shares of Sprouts Farmers Market during the second quarter worth $727,000. Maverick Capital Ltd. purchased a new stake in shares of Sprouts Farmers Market during the first quarter worth $8,341,000. Finally, Andrew Hill Investment Advisors Inc. purchased a new position in Sprouts Farmers Market in the second quarter valued at $3,128,000.

Insider Buying and Selling at Sprouts Farmers Market

In other news, Director Joe Fortunato sold 10,000 shares of the 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 completion of the sale, the director owned 18,164 shares in the company, valued at approximately $2,680,461.48. This represents a 35.51% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Dustin Hamilton sold 868 shares of the stock in a transaction dated Tuesday, October 14th. The stock was sold at an average price of $108.50, for a total transaction of $94,178.00. Following the sale, the insider owned 15,481 shares of the company’s stock, valued at $1,679,688.50. This trade represents a 5.31% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 38,429 shares of company stock valued at $5,351,362. Corporate insiders own 1.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on SFM shares. Weiss Ratings reissued a “buy (b-)” rating on shares of Sprouts Farmers Market in a report on Tuesday, October 14th. Royal Bank Of Canada set a $148.00 target price on Sprouts Farmers Market and gave the company an “outperform” rating in a report on Monday, October 13th. UBS Group set a $180.00 target price on Sprouts Farmers Market in a report on Thursday, July 31st. JPMorgan Chase & Co. started coverage on Sprouts Farmers Market in a report on Wednesday, August 20th. They issued a “neutral” rating and a $159.00 target price on the stock. Finally, Wells Fargo & Company raised Sprouts Farmers Market from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $175.00 to $180.00 in a report on Tuesday, August 5th. Ten analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, Sprouts Farmers Market has a consensus rating of “Moderate Buy” and a consensus target price of $176.29.

Sprouts Farmers Market Price Performance

NASDAQ SFM opened at $111.78 on Friday. Sprouts Farmers Market, Inc. has a 1 year low of $98.75 and a 1 year high of $182.00. The company has a market capitalization of $10.92 billion, a PE ratio of 23.00, a P/E/G ratio of 1.26 and a beta of 0.77. The company has a fifty day moving average of $127.39 and a two-hundred day moving average of $150.03.

Sprouts Farmers Market (NASDAQ:SFM) last released its quarterly earnings data 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 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 the consensus estimate of $2.16 billion. During the same quarter in the prior year, the firm posted $0.94 earnings per share. Sprouts Farmers Market’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. On average, research analysts expect that Sprouts Farmers Market, Inc. will post 4.29 earnings per share for the current year.

Sprouts Farmers Market announced that its Board of Directors has authorized a stock repurchase program on Tuesday, August 19th that allows the company to buyback $0.00 in shares. This buyback authorization allows the company to buy shares of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board believes its shares are undervalued.

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.