Oppenheimer Asset Management Inc. Has $1.95 Million Holdings in Sprouts Farmers Market, Inc. $SFM

Oppenheimer Asset Management Inc. cut its stake in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 18.7% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 11,863 shares of the company’s stock after selling 2,729 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Sprouts Farmers Market were worth $1,953,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Unified Investment Management grew 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 worth $1,206,000 after acquiring an additional 65 shares during the last quarter. Chicago Partners Investment Group LLC boosted its stake in shares of Sprouts Farmers Market by 0.6% during the second quarter. Chicago Partners Investment Group LLC now owns 10,355 shares of the company’s stock valued at $1,691,000 after purchasing an additional 65 shares in the last quarter. Crossmark Global Holdings Inc. boosted its stake in shares of Sprouts Farmers Market by 1.2% during the first quarter. Crossmark Global Holdings Inc. now owns 7,201 shares of the company’s stock valued at $1,099,000 after purchasing an additional 84 shares in the last quarter. Greenleaf Trust boosted its stake in shares of Sprouts Farmers Market by 3.3% during the second quarter. Greenleaf Trust now owns 2,750 shares of the company’s stock valued at $453,000 after purchasing an additional 89 shares in the last quarter. Finally, Avantax Advisory Services Inc. raised its holdings in Sprouts Farmers Market by 2.1% in the 1st quarter. Avantax Advisory Services Inc. now owns 4,899 shares of the company’s stock valued at $748,000 after buying an additional 99 shares during the last quarter.

Sprouts Farmers Market Stock Performance

NASDAQ:SFM opened at $104.55 on Thursday. The firm’s fifty day moving average is $121.12 and its 200-day moving average is $147.64. Sprouts Farmers Market, Inc. has a 52 week low of $98.75 and a 52 week high of $182.00. The firm has a market cap of $10.22 billion, a P/E ratio of 21.51, a P/E/G ratio of 1.21 and a beta of 0.77.

Sprouts Farmers Market (NASDAQ:SFM) last released its earnings results on Wednesday, October 29th. The company reported $1.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.17 by $0.05. Sprouts Farmers Market had a net margin of 5.77% and a return on equity of 36.53%. The company’s revenue for the quarter was up 13.1% compared to the same quarter last year. During the same period last year, the business earned $0.91 EPS. 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, sell-side analysts anticipate 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 authorizes the company to buyback $0.00 in outstanding shares. This buyback authorization authorizes the company to buy shares of its stock through open market purchases. Stock buyback plans are often a sign that the company’s leadership believes its shares are undervalued.

Insider Transactions at Sprouts Farmers Market

In related news, CEO Jack Sinclair sold 4,045 shares of the firm’s stock in a transaction that occurred on 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 owned 174,740 shares of the company’s stock, valued at $17,998,220. This trade represents a 2.26% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CTO James H. Bahrenburg sold 4,292 shares of the firm’s stock in a transaction that occurred 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 $1,256,429.02. This represents a 31.89% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 38,429 shares of company stock worth $5,351,362. Corporate insiders own 1.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on SFM. UBS Group dropped their price objective on shares of Sprouts Farmers Market from $180.00 to $118.00 and set a “neutral” rating for the company in a report on Monday. BMO Capital Markets restated a “market perform” rating on shares of Sprouts Farmers Market in a research report on Wednesday, October 22nd. Wall Street Zen raised shares of Sprouts Farmers Market from a “hold” rating to a “buy” rating in a research note on Sunday. Weiss Ratings reissued a “buy (b-)” rating on shares of Sprouts Farmers Market in a research note on Tuesday, October 14th. Finally, Jefferies Financial Group raised Sprouts Farmers Market from a “hold” rating to a “buy” rating and set a $190.00 target price on the stock in a report on Friday, August 1st. Ten analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $161.00.

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.