Brown Miller Wealth Management LLC Buys 268 Shares of Sprouts Farmers Market, Inc. $SFM

Brown Miller Wealth Management LLC increased its stake in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 12.3% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,452 shares of the company’s stock after buying an additional 268 shares during the period. Brown Miller Wealth Management LLC’s holdings in Sprouts Farmers Market were worth $404,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SFM. Dimensional Fund Advisors LP increased its stake in shares of Sprouts Farmers Market by 0.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,217,900 shares of the company’s stock worth $338,481,000 after purchasing an additional 15,930 shares during the last quarter. Assenagon Asset Management S.A. increased its position in Sprouts Farmers Market by 1,033.4% in the first quarter. Assenagon Asset Management S.A. now owns 1,476,351 shares of the company’s stock worth $225,350,000 after buying an additional 1,346,097 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in Sprouts Farmers Market by 2.8% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,331,176 shares of the company’s stock worth $203,191,000 after buying an additional 36,548 shares during the last quarter. Wellington Management Group LLP raised its stake in shares of Sprouts Farmers Market by 300.3% in the first quarter. Wellington Management Group LLP now owns 1,037,187 shares of the company’s stock valued at $158,316,000 after buying an additional 778,079 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Sprouts Farmers Market by 1.0% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 997,152 shares of the company’s stock valued at $152,205,000 after buying an additional 10,059 shares during the last quarter.

Insider Buying and Selling at Sprouts Farmers Market

In other news, CTO James H. Bahrenburg sold 4,292 shares of the stock in a transaction dated Friday, September 12th. The stock was sold at an average price of $137.06, for a total transaction of $588,261.52. Following the transaction, the chief technology officer directly owned 9,167 shares in the company, valued at approximately $1,256,429.02. This represents a 31.89% 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, CEO Jack Sinclair sold 4,045 shares of the business’s stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $138.60, for a total value of $560,637.00. Following the completion of the sale, the chief executive officer owned 174,740 shares of the company’s stock, valued at $24,218,964. The trade was a 2.26% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 37,561 shares of company stock valued at $5,499,641. 1.10% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Royal Bank Of Canada lifted their price objective on Sprouts Farmers Market from $173.00 to $176.00 and gave the stock a “sector perform” rating in a report on Thursday, July 31st. Evercore ISI reduced 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 research note on Friday. Jefferies Financial Group upgraded shares of Sprouts Farmers Market from a “hold” rating to a “buy” rating and set a $190.00 price target on the stock in a research note on Friday, August 1st. Weiss Ratings reiterated a “buy (b)” rating on shares of Sprouts Farmers Market in a research note on Saturday, September 27th. Finally, Wells Fargo & Company raised shares of Sprouts Farmers Market from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $175.00 to $180.00 in a report on Tuesday, August 5th. Nine research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $177.21.

Sprouts Farmers Market Price Performance

Shares of SFM opened at $105.93 on Friday. Sprouts Farmers Market, Inc. has a 1-year low of $102.40 and a 1-year high of $182.00. The company has a market capitalization 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 firm’s 50 day simple moving average is $136.66 and its 200 day simple moving average is $152.94.

Sprouts Farmers Market (NASDAQ:SFM) last issued its quarterly 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 for 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 revenue for the quarter was up 17.3% compared to the same quarter last year. During the same quarter in the prior year, the firm 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, equities analysts anticipate 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 share buyback program on Tuesday, August 19th that allows the company to repurchase $0.00 in shares. This repurchase authorization allows the company to purchase shares of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s board believes its stock is 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.