IFP Advisors Inc Decreases Stock Holdings in Sprouts Farmers Market, Inc. $SFM

IFP Advisors Inc lowered its position in Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 44.7% during the second quarter, Holdings Channel reports. The institutional investor owned 1,603 shares of the company’s stock after selling 1,296 shares during the quarter. IFP Advisors Inc’s holdings in Sprouts Farmers Market were worth $273,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of SFM. GAMMA Investing LLC lifted its position in Sprouts Farmers Market by 20.1% during the first quarter. GAMMA Investing LLC now owns 2,347 shares of the company’s stock valued at $358,000 after acquiring an additional 393 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its position in shares of Sprouts Farmers Market by 19.5% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 7,114 shares of the company’s stock worth $1,086,000 after purchasing an additional 1,160 shares in the last quarter. Dynamic Advisor Solutions LLC purchased a new stake in shares of Sprouts Farmers Market during the 1st quarter valued at $298,000. Sowell Financial Services LLC purchased a new stake in shares of Sprouts Farmers Market during the 1st quarter valued at $270,000. Finally, State of Alaska Department of Revenue boosted its position in shares of Sprouts Farmers Market by 1.8% in the 1st quarter. State of Alaska Department of Revenue now owns 17,637 shares of the company’s stock worth $2,691,000 after purchasing an additional 310 shares in the last quarter.

Sprouts Farmers Market Stock Down 2.3%

Shares of NASDAQ SFM opened at $111.55 on Friday. Sprouts Farmers Market, Inc. has a 52 week low of $98.75 and a 52 week high of $182.00. The business’s 50 day moving average price is $128.14 and its 200 day moving average price is $150.39. The firm has a market cap of $10.90 billion, a P/E ratio of 22.95, a P/E/G ratio of 1.29 and a beta of 0.77.

Sprouts Farmers Market (NASDAQ:SFM) last posted its quarterly 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. The company 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%. Sprouts Farmers Market’s revenue for the quarter was up 17.3% compared to the same quarter last year. During the same period last year, the firm posted $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. As a group, research analysts expect that Sprouts Farmers Market, Inc. will post 4.29 earnings per share for the current year.

Sprouts Farmers Market declared that its Board of Directors has initiated a share buyback plan on Tuesday, August 19th that authorizes the company to repurchase $0.00 in shares. This repurchase authorization authorizes the company to purchase shares of its stock through open market purchases. Shares repurchase plans are usually a sign that the company’s management believes its stock is undervalued.

Insider Activity at Sprouts Farmers Market

In other Sprouts Farmers Market news, CEO Jack Sinclair sold 4,045 shares of Sprouts Farmers Market stock in a transaction dated Monday, October 6th. The stock was sold at an average price of $103.00, for a total transaction of $416,635.00. Following the completion of the transaction, the chief executive officer owned 174,740 shares in the company, valued at approximately $17,998,220. This trade represents a 2.26% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Joseph D. O’leary sold 2,937 shares of the company’s stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $150.07, for a total value of $440,755.59. Following the completion of the sale, the director owned 14,994 shares in the company, valued at $2,250,149.58. The trade was a 16.38% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 38,429 shares of company stock valued at $5,351,362 over the last ninety days. Corporate insiders own 1.10% of the company’s stock.

Analysts Set New Price Targets

SFM has been the topic of several recent analyst reports. Wells Fargo & Company raised Sprouts Farmers Market from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $175.00 to $180.00 in a research report on Tuesday, August 5th. Royal Bank Of Canada set a $148.00 price objective on shares of Sprouts Farmers Market and gave the company an “outperform” rating in a report on Monday. Jefferies Financial Group raised shares of Sprouts Farmers Market from a “hold” rating to a “buy” rating and set a $190.00 price objective for the company in a research report on Friday, August 1st. Barclays upgraded shares of Sprouts Farmers Market from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $173.00 to $185.00 in a research note on Thursday, July 31st. Finally, Wall Street Zen upgraded shares of Sprouts Farmers Market from a “hold” rating to a “buy” rating in a research note on Sunday, September 21st. Ten investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $176.29.

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.