PFG Investments LLC Has $872,000 Holdings in Sprouts Farmers Market, Inc. $SFM

PFG Investments LLC boosted its holdings in Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 10.2% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,297 shares of the company’s stock after purchasing an additional 491 shares during the quarter. PFG Investments LLC’s holdings in Sprouts Farmers Market were worth $872,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of SFM. Sowell Financial Services LLC acquired a new stake in shares of Sprouts Farmers Market in the first quarter valued at approximately $270,000. Maverick Capital Ltd. bought a new position in Sprouts Farmers Market during the 1st quarter worth $8,341,000. Andrew Hill Investment Advisors Inc. acquired a new position in Sprouts Farmers Market in the 2nd quarter valued at $3,128,000. Silver Oak Securities Incorporated acquired a new position in Sprouts Farmers Market in the 2nd quarter valued at $727,000. Finally, Voya Investment Management LLC lifted its position in shares of Sprouts Farmers Market by 49.4% during the 1st quarter. Voya Investment Management LLC now owns 54,798 shares of the company’s stock valued at $8,364,000 after acquiring an additional 18,123 shares during the period.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Wall Street Zen upgraded Sprouts Farmers Market from a “hold” rating to a “buy” rating in a research report on Sunday, September 21st. JPMorgan Chase & Co. started coverage on shares of Sprouts Farmers Market in a research note on Wednesday, August 20th. They set a “neutral” rating and a $159.00 price objective on the stock. Jefferies Financial Group upgraded shares of Sprouts Farmers Market from a “hold” rating to a “buy” rating and set a $190.00 target price for the company in a research report on Friday, August 1st. Royal Bank Of Canada upped their price target on shares of Sprouts Farmers Market from $173.00 to $176.00 and gave the stock a “sector perform” rating in a report on Thursday, July 31st. Finally, UBS Group set a $180.00 price objective on shares of Sprouts Farmers Market in a research note on Thursday, July 31st. Eight analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $178.64.

Sprouts Farmers Market Price Performance

Shares of NASDAQ:SFM opened at $105.31 on Friday. Sprouts Farmers Market, Inc. has a one year low of $104.41 and a one year high of $182.00. The company has a market cap of $10.29 billion, a price-to-earnings ratio of 21.67, a PEG ratio of 1.21 and a beta of 0.77. The firm has a 50 day simple moving average of $137.76 and a 200 day simple moving average of $153.08.

Sprouts Farmers Market (NASDAQ:SFM) last posted its earnings results on Wednesday, July 30th. The company reported $1.35 earnings per share for the quarter, topping analysts’ consensus estimates of $1.23 by $0.12. Sprouts Farmers Market had a net margin of 5.77% and a return on equity of 36.53%. The firm had revenue of $2.22 billion for the quarter, compared to analysts’ expectations of $2.16 billion. During the same quarter in the previous year, the firm posted $0.94 earnings per share. The company’s revenue was up 17.3% on a year-over-year basis. 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, analysts expect that Sprouts Farmers Market, Inc. will post 4.29 EPS for the current year.

Sprouts Farmers Market declared that its board has initiated 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 reacquire shares of its stock through open market purchases. Shares buyback plans are typically a sign that the company’s board believes its shares are undervalued.

Insider Buying and Selling at Sprouts Farmers Market

In other Sprouts Farmers Market news, Director Joe Fortunato sold 10,000 shares of the company’s stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $147.57, for a total value of $1,475,700.00. Following the completion of the transaction, the director owned 18,164 shares of the company’s stock, valued at $2,680,461.48. This represents a 35.51% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Kim Coffin sold 651 shares of Sprouts Farmers Market stock in a transaction dated Thursday, August 28th. The shares were sold at an average price of $141.58, for a total value of $92,168.58. Following the sale, the senior vice president directly owned 11,235 shares in the company, valued at $1,590,651.30. The trade was a 5.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 37,561 shares of company stock worth $5,499,641 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.