Steward Partners Investment Advisory LLC Has $2.26 Million Stock Position in Sprouts Farmers Market, Inc. $SFM

Steward Partners Investment Advisory LLC lifted its stake in Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 367.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 13,729 shares of the company’s stock after acquiring an additional 10,792 shares during the period. Steward Partners Investment Advisory LLC’s holdings in Sprouts Farmers Market were worth $2,260,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Truvestments Capital LLC bought a new stake in shares of Sprouts Farmers Market during the first quarter valued at approximately $35,000. SVB Wealth LLC bought a new stake in Sprouts Farmers Market during the first quarter worth about $36,000. Brooklyn Investment Group increased its holdings in shares of Sprouts Farmers Market by 12,100.0% during the first quarter. Brooklyn Investment Group now owns 244 shares of the company’s stock worth $37,000 after buying an additional 242 shares in the last quarter. Global Trust Asset Management LLC raised its stake in shares of Sprouts Farmers Market by 520.8% in the second quarter. Global Trust Asset Management LLC now owns 298 shares of the company’s stock valued at $49,000 after acquiring an additional 250 shares during the last quarter. Finally, Cullen Frost Bankers Inc. boosted its holdings in shares of Sprouts Farmers Market by 60.5% in the 2nd quarter. Cullen Frost Bankers Inc. now owns 419 shares of the company’s stock worth $69,000 after acquiring an additional 158 shares in the last quarter.

Insider Activity

In other news, CEO Jack Sinclair sold 4,045 shares of the firm’s stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $138.60, for a total value of $560,637.00. Following the transaction, the chief executive officer directly owned 174,740 shares in the company, valued at $24,218,964. This trade represents a 2.26% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CTO James H. Bahrenburg sold 4,292 shares of Sprouts Farmers Market stock in a transaction on Friday, September 12th. The stock was sold at an average price of $137.06, for a total value of $588,261.52. Following the sale, 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 ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 20,796 shares of company stock valued at $2,708,643 in the last 90 days. 1.10% of the stock is owned by company insiders.

Analyst Ratings Changes

SFM has been the subject of a number of recent analyst reports. Zacks Research cut Sprouts Farmers Market from a “hold” rating to a “strong sell” rating in a report on Friday, October 31st. JPMorgan Chase & Co. decreased their target price on Sprouts Farmers Market from $124.00 to $91.00 and set a “neutral” rating on the stock in a report on Thursday, October 30th. Royal Bank Of Canada cut their price target on Sprouts Farmers Market from $148.00 to $140.00 and set an “outperform” rating for the company in a report on Thursday, October 30th. Barclays reduced their price target on shares of Sprouts Farmers Market from $185.00 to $122.00 and set an “overweight” rating on the stock in a research report on Thursday, October 30th. Finally, Roth Capital restated a “neutral” rating and issued a $91.00 price objective on shares of Sprouts Farmers Market in a research report on Thursday, October 30th. Nine investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Sprouts Farmers Market currently has a consensus rating of “Moderate Buy” and a consensus target price of $137.86.

Sprouts Farmers Market Trading Up 1.1%

Sprouts Farmers Market stock opened at $84.17 on Friday. The company has a market cap of $8.20 billion, a PE ratio of 16.28, a PEG ratio of 1.18 and a beta of 0.72. Sprouts Farmers Market, Inc. has a 1 year low of $75.75 and a 1 year high of $182.00. The company’s 50-day moving average is $96.53 and its two-hundred day moving average is $134.91.

Sprouts Farmers Market (NASDAQ:SFM) last issued its quarterly earnings results on Wednesday, October 29th. The company reported $1.22 EPS for the quarter, topping the consensus estimate of $1.17 by $0.05. Sprouts Farmers Market had a net margin of 5.93% and a return on equity of 38.83%. The company had revenue of $2.20 billion during the quarter, compared to analysts’ expectations of $2.23 billion. During the same quarter in the previous year, the company earned $0.91 EPS. Sprouts Farmers Market’s revenue was up 13.1% on a year-over-year basis. Sprouts Farmers Market has set its FY 2025 guidance at 5.240-5.280 EPS. Q4 2025 guidance at 0.860-0.900 EPS. Research analysts forecast that Sprouts Farmers Market, Inc. will post 4.29 EPS for the current year.

Sprouts Farmers Market announced that its Board of Directors has authorized 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 purchase shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board of directors believes its stock is undervalued.

Sprouts Farmers Market Company 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.