Atria Wealth Solutions Inc. Sells 4,810 Shares of Sprouts Farmers Market, Inc. $SFM

Atria Wealth Solutions Inc. decreased its stake in Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 47.1% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,408 shares of the company’s stock after selling 4,810 shares during the period. Atria Wealth Solutions Inc.’s holdings in Sprouts Farmers Market were worth $887,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Dogwood Wealth Management LLC bought a new position in shares of Sprouts Farmers Market in the 1st quarter valued at about $30,000. Truvestments Capital LLC bought a new position in shares of Sprouts Farmers Market in the 1st quarter valued at about $35,000. SVB Wealth LLC bought a new position in shares of Sprouts Farmers Market in the 1st quarter valued at about $36,000. Brooklyn Investment Group lifted 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 lifted 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.

Analysts Set New Price Targets

Several brokerages recently issued reports on SFM. Weiss Ratings reiterated a “buy (b-)” rating on shares of Sprouts Farmers Market in a research note on Tuesday. Evercore ISI cut their target price on shares of Sprouts Farmers Market from $190.00 to $185.00 and set an “outperform” rating for the company in a research note on Tuesday. Barclays upgraded shares of Sprouts Farmers Market from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $173.00 to $185.00 in a research report on Thursday, July 31st. JPMorgan Chase & Co. initiated coverage on shares of Sprouts Farmers Market in a research report on Wednesday, August 20th. They set a “neutral” rating and a $159.00 price objective for the company. Finally, Royal Bank Of Canada set a $148.00 price target on shares of Sprouts Farmers Market and gave the company an “outperform” rating in a research report on Monday. Ten equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $176.29.

Sprouts Farmers Market Trading Up 0.2%

Shares of SFM stock opened at $111.78 on Friday. The stock has a market cap of $10.92 billion, a P/E ratio of 23.00, a price-to-earnings-growth ratio of 1.26 and a beta of 0.77. The stock has a 50 day simple moving average of $127.39 and a 200 day simple moving average of $150.09. Sprouts Farmers Market, Inc. has a 1 year low of $98.75 and a 1 year high of $182.00.

Sprouts Farmers Market (NASDAQ:SFM) last issued its quarterly earnings results 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. The business had revenue of $2.22 billion during the quarter, compared to analysts’ expectations of $2.16 billion. Sprouts Farmers Market had a return on equity of 36.53% and a net margin of 5.77%.The firm’s revenue for the quarter was up 17.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.94 earnings per share. Sprouts Farmers Market has set its FY 2025 guidance at 5.200-5.320 EPS. Q3 2025 guidance at 1.120-1.160 EPS. Analysts forecast that Sprouts Farmers Market, Inc. will post 4.29 EPS for the current year.

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

Insiders Place Their Bets

In related news, CEO Jack Sinclair sold 4,045 shares of Sprouts Farmers Market 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 transaction, the chief executive officer directly owned 174,740 shares of the company’s stock, valued at $17,998,220. This trade represents a 2.26% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Joseph D. O’leary sold 2,937 shares of Sprouts Farmers Market stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $150.07, for a total transaction of $440,755.59. Following the completion of the transaction, the director directly owned 14,994 shares in the company, valued at $2,250,149.58. This trade represents a 16.38% decrease in their ownership of the stock. 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 three months. 1.10% of the stock is owned by corporate insiders.

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.