Elevate Capital Advisors LLC Invests $2.23 Million in Sprouts Farmers Market, Inc. $SFM

Elevate Capital Advisors LLC bought a new position in Sprouts Farmers Market, Inc. (NASDAQ:SFM) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 13,525 shares of the company’s stock, valued at approximately $2,227,000. Sprouts Farmers Market comprises about 1.8% of Elevate Capital Advisors LLC’s investment portfolio, making the stock its 22nd biggest holding.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Unified Investment Management lifted its position in Sprouts Farmers Market by 0.9% during the 2nd quarter. Unified Investment Management now owns 7,326 shares of the company’s stock valued at $1,206,000 after purchasing an additional 65 shares during the period. Crossmark Global Holdings Inc. boosted its holdings in shares of Sprouts Farmers Market by 1.2% in the 1st quarter. Crossmark Global Holdings Inc. now owns 7,201 shares of the company’s stock valued at $1,099,000 after buying an additional 84 shares during the last quarter. Greenleaf Trust boosted its holdings in shares of Sprouts Farmers Market by 3.3% in the 2nd quarter. Greenleaf Trust now owns 2,750 shares of the company’s stock valued at $453,000 after buying an additional 89 shares during the last quarter. Avantax Advisory Services Inc. lifted its holdings in Sprouts Farmers Market by 2.1% during the 1st quarter. Avantax Advisory Services Inc. now owns 4,899 shares of the company’s stock valued at $748,000 after purchasing an additional 99 shares during the last quarter. Finally, Linden Thomas Advisory Services LLC lifted its holdings in Sprouts Farmers Market by 3.0% during the 1st quarter. Linden Thomas Advisory Services LLC now owns 3,492 shares of the company’s stock valued at $533,000 after purchasing an additional 102 shares during the last quarter.

Insider Buying and Selling

In related 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 owned 174,740 shares in the company, valued at approximately $24,218,964. This trade represents a 2.26% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Joseph D. O’leary sold 2,937 shares of Sprouts Farmers Market stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $150.07, for a total value of $440,755.59. Following the completion of the transaction, the director owned 14,994 shares in the company, valued at approximately $2,250,149.58. This represents a 16.38% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 37,561 shares of company stock valued at $5,499,641 in the last ninety days. Insiders own 1.10% of the company’s stock.

Sprouts Farmers Market Stock Performance

Shares of NASDAQ SFM opened at $105.93 on Friday. Sprouts Farmers Market, Inc. has a 52 week low of $102.40 and a 52 week high of $182.00. The stock has a market capitalization of $10.35 billion, a P/E ratio of 21.80, a PEG ratio of 1.19 and a beta of 0.77. The stock’s fifty day moving average is $136.66 and its 200 day moving average is $152.86.

Sprouts Farmers Market (NASDAQ:SFM) last issued its quarterly earnings results on Wednesday, July 30th. The company reported $1.35 EPS for the quarter, topping analysts’ consensus estimates of $1.23 by $0.12. Sprouts Farmers Market had a return on equity of 36.53% and a net margin of 5.77%.The company had revenue of $2.22 billion for the quarter, compared to analysts’ expectations of $2.16 billion. During the same quarter last year, the business earned $0.94 earnings per share. Sprouts Farmers Market’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. Equities research analysts forecast that Sprouts Farmers Market, Inc. will post 4.29 earnings per share for the current year.

Sprouts Farmers Market declared that its board has initiated a share buyback plan on Tuesday, August 19th that allows the company to repurchase $0.00 in outstanding shares. This repurchase authorization allows the company to reacquire shares of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s leadership believes its stock is undervalued.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Jefferies Financial Group raised Sprouts Farmers Market from a “hold” rating to a “buy” rating and set a $190.00 target price for the company in a report on Friday, August 1st. Evercore ISI dropped their target price on Sprouts Farmers Market from $190.00 to $170.00 and set an “outperform” rating for the company in a report on Friday. Wall Street Zen raised Sprouts Farmers Market from a “hold” rating to a “buy” rating in a report on Sunday, September 21st. JPMorgan Chase & Co. assumed coverage on Sprouts Farmers Market in a report on Wednesday, August 20th. They set a “neutral” rating and a $159.00 target price for the company. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Sprouts Farmers Market in a report on Saturday, September 27th. Nine investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $177.21.

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.