Sprouts Farmers Market, Inc. $SFM Shares Sold by Concurrent Investment Advisors LLC

Concurrent Investment Advisors LLC decreased its stake in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 61.4% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,280 shares of the company’s stock after selling 5,217 shares during the period. Concurrent Investment Advisors LLC’s holdings in Sprouts Farmers Market were worth $540,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of SFM. Wellington Management Group LLP increased its position in Sprouts Farmers Market by 300.3% during the first quarter. Wellington Management Group LLP now owns 1,037,187 shares of the company’s stock worth $158,316,000 after purchasing an additional 778,079 shares during the last quarter. Nuveen LLC purchased a new stake in Sprouts Farmers Market during the first quarter worth approximately $106,852,000. Westfield Capital Management Co. LP purchased a new stake in Sprouts Farmers Market during the first quarter worth approximately $71,699,000. Alyeska Investment Group L.P. purchased a new stake in Sprouts Farmers Market during the first quarter worth approximately $55,711,000. Finally, Raiffeisen Bank International AG purchased a new stake in Sprouts Farmers Market during the first quarter worth approximately $23,434,000.

Insiders Place Their Bets

In other Sprouts Farmers Market news, insider Dustin Hamilton sold 7,200 shares of the stock in a transaction on Thursday, September 11th. The shares were sold at an average price of $138.95, for a total transaction of $1,000,440.00. Following the transaction, the insider directly owned 16,349 shares in the company, valued at $2,271,693.55. This represents a 30.57% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CTO James H. Bahrenburg sold 4,292 shares of the stock in a transaction on Friday, September 12th. The shares were sold at an average price of $137.06, for a total transaction of $588,261.52. Following the transaction, the chief technology officer owned 9,167 shares in the company, valued at $1,256,429.02. This trade represents a 31.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 38,429 shares of company stock valued at $5,351,362. Corporate insiders own 1.10% of the company’s stock.

Sprouts Farmers Market Trading Up 0.2%

Shares of SFM stock opened at $111.78 on Friday. The company has a market capitalization of $10.92 billion, a PE ratio of 23.00, a price-to-earnings-growth ratio of 1.26 and a beta of 0.77. The firm has a fifty day simple moving average of $127.39 and a 200-day simple moving average of $150.09. Sprouts Farmers Market, Inc. has a twelve month low of $98.75 and a twelve month high of $182.00.

Sprouts Farmers Market (NASDAQ:SFM) last announced its earnings results on Wednesday, July 30th. The company reported $1.35 earnings per share 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 the consensus estimate 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 period in the prior year, the firm earned $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. Equities research analysts predict that Sprouts Farmers Market, Inc. will post 4.29 EPS for the current year.

Sprouts Farmers Market declared that its board has approved a share buyback plan on Tuesday, August 19th that authorizes the company to buyback $0.00 in outstanding shares. This buyback authorization authorizes the company to purchase shares of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.

Wall Street Analyst Weigh In

Several research firms have issued reports on SFM. Royal Bank Of Canada set a $148.00 price objective on shares of Sprouts Farmers Market and gave the stock an “outperform” rating in a research note on Monday. UBS Group set a $180.00 price objective on shares of Sprouts Farmers Market in a research note on Thursday, July 31st. Wells Fargo & Company upgraded shares of Sprouts Farmers Market from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $175.00 to $180.00 in a research note on Tuesday, August 5th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Sprouts Farmers Market in a research note on Tuesday. Finally, Barclays upgraded shares of Sprouts Farmers Market from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $173.00 to $185.00 in a research note on Thursday, July 31st. Ten research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, Sprouts Farmers Market currently has a consensus rating of “Moderate Buy” and an average target price 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.