Private Trust Co. NA Purchases 126 Shares of Sprouts Farmers Market, Inc. $SFM

Private Trust Co. NA raised its position in Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 5.5% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,412 shares of the company’s stock after buying an additional 126 shares during the period. Private Trust Co. NA’s holdings in Sprouts Farmers Market were worth $397,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Harbour Investments Inc. boosted its holdings in shares of Sprouts Farmers Market by 1,653.4% in the 2nd quarter. Harbour Investments Inc. now owns 2,332 shares of the company’s stock worth $384,000 after acquiring an additional 2,199 shares in the last quarter. Bayforest Capital Ltd raised its position in Sprouts Farmers Market by 394.9% in the 2nd quarter. Bayforest Capital Ltd now owns 6,478 shares of the company’s stock valued at $1,067,000 after purchasing an additional 5,169 shares during the last quarter. TD Asset Management Inc acquired a new position in Sprouts Farmers Market in the second quarter worth $1,381,000. Axxcess Wealth Management LLC grew its holdings in shares of Sprouts Farmers Market by 5.1% during the second quarter. Axxcess Wealth Management LLC now owns 19,779 shares of the company’s stock worth $3,256,000 after purchasing an additional 952 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. increased its stake in shares of Sprouts Farmers Market by 152.7% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 12,990 shares of the company’s stock valued at $2,139,000 after buying an additional 7,850 shares in the last quarter.

Insider Transactions at Sprouts Farmers Market

In related news, CEO Jack Sinclair sold 4,045 shares of the stock in a transaction that occurred on Monday, October 6th. The shares were sold at an average price of $103.00, for a total value of $416,635.00. Following the sale, the chief executive officer directly owned 174,740 shares in the company, valued at $17,998,220. This trade represents a 2.26% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Joe Fortunato sold 10,000 shares of the company’s stock in a transaction that occurred on 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 directly owned 18,164 shares of the company’s stock, valued at $2,680,461.48. The trade was a 35.51% 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.

Analysts Set New Price Targets

SFM has been the topic of several research reports. Evercore ISI reduced their price target on shares of 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. UBS Group set a $180.00 price target on shares of Sprouts Farmers Market in a research note on Thursday, July 31st. Weiss Ratings restated a “buy (b-)” rating on shares of Sprouts Farmers Market in a research report on Tuesday, October 14th. Wall Street Zen downgraded Sprouts Farmers Market from a “buy” rating to a “hold” rating in a report on Saturday. Finally, Royal Bank Of Canada set a $148.00 price objective on Sprouts Farmers Market and gave the company 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 given a Hold rating to the company. Based on data from MarketBeat.com, Sprouts Farmers Market presently has an average rating of “Moderate Buy” and a consensus target price of $176.29.

Sprouts Farmers Market Price Performance

Shares of NASDAQ SFM opened at $111.78 on Monday. Sprouts Farmers Market, Inc. has a fifty-two week low of $98.75 and a fifty-two week high of $182.00. The firm has a market capitalization 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. The company’s 50 day simple moving average is $127.39 and its 200 day simple moving average is $150.01.

Sprouts Farmers Market (NASDAQ:SFM) last released its earnings results on Wednesday, July 30th. The company reported $1.35 EPS for the quarter, topping analysts’ consensus estimates of $1.23 by $0.12. The firm had revenue of $2.22 billion during the quarter, compared to analyst estimates 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 business 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. Sell-side analysts expect 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 initiated a stock repurchase plan on Tuesday, August 19th that permits the company to repurchase $0.00 in shares. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Shares repurchase plans are often a sign that the company’s leadership 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.