Silver Oak Securities Incorporated Has $1.23 Million Holdings in Sprouts Farmers Market, Inc. $SFM

Silver Oak Securities Incorporated lifted its holdings in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 155.7% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 11,291 shares of the company’s stock after acquiring an additional 6,875 shares during the period. Silver Oak Securities Incorporated’s holdings in Sprouts Farmers Market were worth $1,228,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of SFM. Newbridge Financial Services Group Inc. bought a new position in Sprouts Farmers Market in the second quarter valued at approximately $29,000. Global Trust Asset Management LLC lifted its stake 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 valued at $49,000 after purchasing an additional 250 shares during the period. Cullen Frost Bankers Inc. boosted its position 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 purchasing an additional 158 shares during the last quarter. State of Wyoming bought a new position in shares of Sprouts Farmers Market in the 2nd quarter worth $77,000. Finally, New Millennium Group LLC acquired a new stake in shares of Sprouts Farmers Market during the second quarter worth $81,000.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on SFM shares. Zacks Research lowered Sprouts Farmers Market from a “hold” rating to a “strong sell” rating in a research note on Friday, October 31st. Roth Capital reaffirmed a “neutral” rating and issued a $91.00 price target on shares of Sprouts Farmers Market in a research note on Thursday, October 30th. Evercore ISI reduced their price objective on shares of Sprouts Farmers Market from $175.00 to $130.00 and set an “outperform” rating on the stock in a research note on Monday, October 27th. BMO Capital Markets set a $90.00 price objective on shares of Sprouts Farmers Market in a report on Thursday, October 30th. Finally, Bank of America cut their target price on shares of Sprouts Farmers Market from $200.00 to $160.00 and set a “buy” rating on the stock in a report on Thursday, October 23rd. Nine research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Sprouts Farmers Market has an average rating of “Moderate Buy” and a consensus target price of $137.86.

Sprouts Farmers Market Price Performance

Shares of SFM opened at $80.64 on Friday. The stock has a 50 day simple moving average of $82.64 and a 200 day simple moving average of $120.29. Sprouts Farmers Market, Inc. has a 52-week low of $75.75 and a 52-week high of $182.00. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.53 and a current ratio of 1.05. The firm has a market capitalization of $7.85 billion, a PE ratio of 15.60, a P/E/G ratio of 0.86 and a beta of 0.73.

Sprouts Farmers Market (NASDAQ:SFM) last announced its 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 38.03%. The firm had revenue of $2.20 billion for the quarter, compared to the consensus estimate of $2.23 billion. During the same period last year, the company posted $0.91 EPS. The business’s quarterly 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 and its Q4 2025 guidance at 0.860-0.900 EPS. Sell-side analysts predict that Sprouts Farmers Market, Inc. will post 4.29 EPS for the current fiscal year.

Insider Activity at Sprouts Farmers Market

In other Sprouts Farmers Market news, CMO Alisa Gmelich sold 3,161 shares of Sprouts Farmers Market stock in a transaction dated Friday, December 12th. The stock was sold at an average price of $79.39, for a total value of $250,951.79. Following the sale, the chief marketing officer owned 5,552 shares of the company’s stock, valued at $440,773.28. This trade represents a 36.28% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Jack Sinclair sold 4,045 shares of the company’s stock in a transaction dated Monday, October 6th. The stock was sold at an average price of $103.00, for a total value of $416,635.00. Following the transaction, the chief executive officer directly owned 174,740 shares of the company’s stock, valued at $17,998,220. This represents a 2.26% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 25,545 shares of company stock valued at $2,250,294. Insiders own 1.10% of the company’s stock.

Sprouts Farmers Market Company Profile

Sprouts Farmers Market, Inc (NASDAQ: SFM) is a specialty grocery retailer focused on fresh, natural and organic foods. Headquartered in Phoenix, Arizona, the company operates stores designed to offer an open-market shopping experience, emphasizing quality produce sourced from regional farmers alongside organic pantry staples, dairy, meat and seafood. Sprouts’ product assortment also includes bulk foods, vitamins and supplements, a deli and prepared foods, reflecting its commitment to wellness and affordable healthy living.

Founded in 2002 by members of the Boney family, Sprouts began as a single farmers market in Chandler, Arizona.