Sprouts Farmers Market, Inc. $SFM Holdings Raised by Harbour Investments Inc.

Harbour Investments Inc. boosted its stake in Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 1,653.4% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,332 shares of the company’s stock after buying an additional 2,199 shares during the quarter. Harbour Investments Inc.’s holdings in Sprouts Farmers Market were worth $384,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the business. Unified Investment Management increased its stake in shares of Sprouts Farmers Market by 0.9% during the 2nd quarter. Unified Investment Management now owns 7,326 shares of the company’s stock worth $1,206,000 after purchasing an additional 65 shares during the last quarter. Crossmark Global Holdings Inc. increased its stake in shares of Sprouts Farmers Market by 1.2% during the 1st quarter. Crossmark Global Holdings Inc. now owns 7,201 shares of the company’s stock worth $1,099,000 after purchasing an additional 84 shares during the last quarter. Greenleaf Trust increased its stake in shares of Sprouts Farmers Market by 3.3% during the 2nd quarter. Greenleaf Trust now owns 2,750 shares of the company’s stock worth $453,000 after purchasing an additional 89 shares during the last quarter. Avantax Advisory Services Inc. increased its stake in shares of Sprouts Farmers Market by 2.1% during the 1st quarter. Avantax Advisory Services Inc. now owns 4,899 shares of the company’s stock worth $748,000 after purchasing an additional 99 shares during the last quarter. Finally, Linden Thomas Advisory Services LLC increased its stake in shares of Sprouts Farmers Market by 3.0% during the 1st quarter. Linden Thomas Advisory Services LLC now owns 3,492 shares of the company’s stock worth $533,000 after purchasing an additional 102 shares during the last quarter.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Wells Fargo & Company upgraded shares of Sprouts Farmers Market from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $175.00 to $180.00 in a research note on Tuesday, August 5th. Evercore ISI lowered their target price on shares of Sprouts Farmers Market from $190.00 to $185.00 and set an “outperform” rating on the stock in a research note on Tuesday, October 14th. Wall Street Zen lowered shares of Sprouts Farmers Market from a “buy” rating to a “hold” rating in a research note on Saturday. UBS Group set a $180.00 target price on shares of Sprouts Farmers Market in a research note on Thursday, July 31st. Finally, Jefferies Financial Group upgraded shares of Sprouts Farmers Market from a “hold” rating to a “buy” rating and set a $190.00 target price on the stock in a research note on Friday, August 1st. Ten research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $176.29.

Insider Activity at Sprouts Farmers Market

In other news, CTO James H. Bahrenburg sold 4,292 shares of the firm’s stock in a transaction dated Friday, September 12th. The shares were sold at an average price of $137.06, for a total transaction of $588,261.52. Following the completion of the transaction, the chief technology officer directly owned 9,167 shares of the company’s stock, valued at approximately $1,256,429.02. This trade represents a 31.89% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Joe Fortunato sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $147.57, for a total transaction of $1,475,700.00. Following the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold 38,429 shares of company stock worth $5,351,362 in the last ninety days. Company insiders own 1.10% of the company’s stock.

Sprouts Farmers Market Price Performance

NASDAQ SFM opened at $110.47 on Tuesday. The firm has a market capitalization of $10.80 billion, a price-to-earnings ratio of 22.73, a P/E/G ratio of 1.26 and a beta of 0.77. The company’s fifty day moving average is $126.63 and its two-hundred day moving average is $149.77. Sprouts Farmers Market, Inc. has a 52-week low of $98.75 and a 52-week high of $182.00.

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 the consensus estimate of $1.23 by $0.12. The company 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 quarterly revenue was up 17.3% on a year-over-year basis. During the same period last year, the business 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, sell-side analysts expect that Sprouts Farmers Market, Inc. will post 4.29 earnings per share for the current fiscal year.

Sprouts Farmers Market declared that its board has approved a share repurchase program on Tuesday, August 19th that allows the company to buyback $0.00 in shares. This buyback authorization allows the company to repurchase shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s board 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.