Sprouts Farmers Market, Inc. $SFM Stock Holdings Lessened by Concurrent Investment Advisors LLC

Concurrent Investment Advisors LLC reduced its holdings in Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 61.4% during the second quarter, HoldingsChannel reports. The institutional investor 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 as of its most recent filing with the SEC.

Other large investors 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 worth about $30,000. Truvestments Capital LLC bought a new position in shares of Sprouts Farmers Market in the 1st quarter worth about $35,000. SVB Wealth LLC bought a new position in shares of Sprouts Farmers Market in the 1st quarter worth about $36,000. Brooklyn Investment Group lifted its position in shares of Sprouts Farmers Market by 12,100.0% in the 1st quarter. Brooklyn Investment Group now owns 244 shares of the company’s stock worth $37,000 after buying an additional 242 shares during the last quarter. Finally, Global Trust Asset Management LLC lifted its position in shares of Sprouts Farmers Market by 520.8% in the 2nd quarter. Global Trust Asset Management LLC now owns 298 shares of the company’s stock worth $49,000 after buying an additional 250 shares during the last quarter.

Insider Activity

In other Sprouts Farmers Market news, insider Dustin Hamilton sold 7,200 shares of the firm’s stock in a transaction dated 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 owned 16,349 shares of the company’s stock, valued at approximately $2,271,693.55. This trade represents a 30.57% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Jack Sinclair sold 4,045 shares of the firm’s stock in a transaction dated Monday, October 6th. The shares were sold at an average price of $103.00, for a total transaction of $416,635.00. Following the transaction, the chief executive officer directly owned 174,740 shares in the company, valued at approximately $17,998,220. The trade was a 2.26% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 38,429 shares of company stock worth $5,351,362 in the last 90 days. 1.10% of the stock is currently owned by corporate insiders.

Sprouts Farmers Market Trading Up 0.2%

Sprouts Farmers Market stock opened at $111.78 on Friday. The stock has a market cap of $10.92 billion, a price-to-earnings ratio of 23.00, a PEG ratio of 1.26 and a beta of 0.77. The company’s 50-day moving average price is $127.39 and its two-hundred day moving average price is $150.09. 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 released its earnings results on Wednesday, July 30th. The company reported $1.35 EPS for the quarter, beating the consensus estimate of $1.23 by $0.12. The firm had revenue of $2.22 billion for the quarter, compared to analysts’ expectations 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 quarterly revenue was up 17.3% on a year-over-year basis. During the same quarter last year, the company 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. Research 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 authorized a stock buyback plan on Tuesday, August 19th that allows the company to buyback $0.00 in shares. This buyback authorization allows the company to buy shares of its stock through open market purchases. Stock buyback plans are often an indication that the company’s management believes its stock is undervalued.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. Weiss Ratings restated a “buy (b-)” rating on shares of Sprouts Farmers Market in a research report on Tuesday. Wells Fargo & Company raised shares of Sprouts Farmers Market from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $175.00 to $180.00 in a report on Tuesday, August 5th. 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 report on Monday. UBS Group set a $180.00 price objective on shares of Sprouts Farmers Market in a report on Thursday, July 31st. Finally, Wall Street Zen cut shares of Sprouts Farmers Market from a “buy” rating to a “hold” rating in a report on Saturday. Ten analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Sprouts Farmers Market presently has an average rating of “Moderate Buy” and an average target price of $176.29.

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.