Advisors Preferred LLC Decreases Position in Sprouts Farmers Market, Inc. $SFM

Advisors Preferred LLC trimmed its position in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 66.2% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 8,941 shares of the company’s stock after selling 17,541 shares during the quarter. Advisors Preferred LLC’s holdings in Sprouts Farmers Market were worth $1,449,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. Unified Investment Management boosted its position in Sprouts Farmers Market by 0.9% during the second quarter. Unified Investment Management now owns 7,326 shares of the company’s stock worth $1,206,000 after purchasing an additional 65 shares in the last quarter. Chicago Partners Investment Group LLC lifted its position in shares of Sprouts Farmers Market by 0.6% in the second quarter. Chicago Partners Investment Group LLC now owns 10,355 shares of the company’s stock valued at $1,691,000 after acquiring an additional 65 shares in the last quarter. Rossby Financial LCC lifted its position in shares of Sprouts Farmers Market by 2.3% in the second quarter. Rossby Financial LCC now owns 3,059 shares of the company’s stock valued at $504,000 after acquiring an additional 68 shares in the last quarter. Bessemer Group Inc. lifted its position in shares of Sprouts Farmers Market by 2.2% in the second quarter. Bessemer Group Inc. now owns 3,335 shares of the company’s stock valued at $549,000 after acquiring an additional 73 shares in the last quarter. Finally, Nisa Investment Advisors LLC lifted its position in shares of Sprouts Farmers Market by 2.3% in the second quarter. Nisa Investment Advisors LLC now owns 3,307 shares of the company’s stock valued at $544,000 after acquiring an additional 75 shares in the last quarter.

Sprouts Farmers Market Trading Up 6.2%

Sprouts Farmers Market stock opened at $83.82 on Tuesday. The firm has a market capitalization of $8.16 billion, a P/E ratio of 16.21, a PEG ratio of 1.18 and a beta of 0.77. The stock has a fifty day moving average price of $117.12 and a 200 day moving average price of $145.86. Sprouts Farmers Market, Inc. has a 52 week low of $75.75 and a 52 week high of $182.00.

Sprouts Farmers Market (NASDAQ:SFM) last announced 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. The company had revenue of $2.20 billion during the quarter, compared to analyst estimates of $2.23 billion. Sprouts Farmers Market had a return on equity of 38.83% and a net margin of 5.93%.The firm’s revenue was up 13.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.91 earnings per share. Sprouts Farmers Market has set its FY 2025 guidance at 5.240-5.280 EPS. Q4 2025 guidance at 0.860-0.900 EPS. As a group, equities analysts predict that Sprouts Farmers Market, Inc. will post 4.29 EPS for the current year.

Sprouts Farmers Market announced that its board has initiated a share repurchase plan on Tuesday, August 19th that authorizes the company to repurchase $0.00 in shares. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board believes its shares are undervalued.

Insider Activity at Sprouts Farmers Market

In other Sprouts Farmers Market news, 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 transaction of $416,635.00. Following the completion of the sale, the chief executive officer directly owned 174,740 shares in the company, valued at $17,998,220. This represents a 2.26% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CTO James H. Bahrenburg sold 4,292 shares of the company’s stock in a transaction dated 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 owned 9,167 shares of the company’s stock, valued at $1,256,429.02. This represents a 31.89% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 31,447 shares of company stock valued at $4,276,512 over the last three months. Insiders own 1.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on SFM shares. Zacks Research downgraded Sprouts Farmers Market from a “hold” rating to a “strong sell” rating in a research report on Friday. Bank of America reduced their price objective on Sprouts Farmers Market from $200.00 to $160.00 and set a “buy” rating on the stock in a research report on Thursday, October 23rd. Jefferies Financial Group upgraded Sprouts Farmers Market from a “hold” rating to a “buy” rating and set a $190.00 price objective on the stock in a research report on Friday, August 1st. BMO Capital Markets set a $90.00 price objective on Sprouts Farmers Market in a research report on Thursday. Finally, Evercore ISI dropped their target price on Sprouts Farmers Market from $175.00 to $130.00 and set an “outperform” rating for the company in a research note on Monday, October 27th. Nine research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $137.86.

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.