EFG Asset Management Americas Corp. purchased a new stake in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM – Free Report) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 6,314 shares of the company’s stock, valued at approximately $687,000.
Several other institutional investors have also bought and sold shares of SFM. Bank of America Corp DE grew its stake in shares of Sprouts Farmers Market by 137.0% in the 2nd quarter. Bank of America Corp DE now owns 2,584,923 shares of the company’s stock worth $425,582,000 after buying an additional 1,494,014 shares in the last quarter. Marshall Wace LLP raised its position in shares of Sprouts Farmers Market by 12.3% during the 2nd quarter. Marshall Wace LLP now owns 2,314,665 shares of the company’s stock valued at $381,086,000 after buying an additional 252,699 shares in the last quarter. Invesco Ltd. raised its position in shares of Sprouts Farmers Market by 52.8% during the 2nd quarter. Invesco Ltd. now owns 2,131,607 shares of the company’s stock valued at $350,948,000 after buying an additional 737,008 shares in the last quarter. Man Group plc lifted its holdings in shares of Sprouts Farmers Market by 14.1% in the 3rd quarter. Man Group plc now owns 1,394,724 shares of the company’s stock valued at $151,746,000 after acquiring an additional 172,256 shares during the last quarter. Finally, Two Sigma Investments LP lifted its holdings in shares of Sprouts Farmers Market by 185.2% in the 3rd quarter. Two Sigma Investments LP now owns 1,300,786 shares of the company’s stock valued at $141,526,000 after acquiring an additional 844,717 shares during the last quarter.
Wall Street Analyst Weigh In
SFM has been the topic of several analyst reports. Weiss Ratings reissued a “hold (c)” rating on shares of Sprouts Farmers Market in a research note on Monday, December 29th. BMO Capital Markets reaffirmed a “market perform” rating and issued a $70.00 price objective on shares of Sprouts Farmers Market in a research note on Friday, February 20th. Deutsche Bank Aktiengesellschaft cut Sprouts Farmers Market from a “buy” rating to a “hold” rating and set a $88.00 target price for the company. in a report on Thursday, January 8th. Wall Street Zen downgraded Sprouts Farmers Market from a “buy” rating to a “hold” rating in a research report on Saturday, February 21st. Finally, UBS Group decreased their price target on Sprouts Farmers Market from $108.00 to $75.00 and set a “neutral” rating on the stock in a report on Wednesday, February 18th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and seven have given a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $101.75.
Insider Activity at Sprouts Farmers Market
In other Sprouts Farmers Market news, Director Joel D. Anderson purchased 4,400 shares of the firm’s stock in a transaction that occurred on Monday, March 9th. The stock was purchased at an average cost of $77.17 per share, with a total value of $339,548.00. Following the purchase, the director owned 24,802 shares of the company’s stock, valued at approximately $1,913,970.34. The trade was a 21.57% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Kristen E. Blum acquired 1,325 shares of the company’s stock in a transaction that occurred on Tuesday, March 10th. The shares were acquired at an average price of $76.00 per share, with a total value of $100,700.00. Following the acquisition, the director owned 54,407 shares in the company, valued at $4,134,932. This trade represents a 2.50% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Corporate insiders own 1.10% of the company’s stock.
Sprouts Farmers Market Stock Performance
Shares of NASDAQ:SFM opened at $82.06 on Monday. The company has a current ratio of 0.93, a quick ratio of 0.44 and a debt-to-equity ratio of 0.06. Sprouts Farmers Market, Inc. has a 12 month low of $64.75 and a 12 month high of $182.00. The company has a market capitalization of $7.76 billion, a price-to-earnings ratio of 15.48, a PEG ratio of 1.77 and a beta of 0.76. The firm’s 50-day moving average is $73.34 and its 200 day moving average is $90.20.
Sprouts Farmers Market (NASDAQ:SFM – Get Free Report) last announced its quarterly earnings data on Thursday, February 19th. The company reported $0.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.89 by $0.03. Sprouts Farmers Market had a net margin of 5.95% and a return on equity of 38.21%. The business had revenue of $2.15 billion during the quarter, compared to the consensus estimate of $2.15 billion. During the same quarter last year, the firm earned $0.79 earnings per share. The firm’s quarterly revenue was up 7.6% compared to the same quarter last year. Sprouts Farmers Market has set its FY 2026 guidance at 5.280-5.440 EPS and its Q1 2026 guidance at 1.660-1.700 EPS. Research analysts predict that Sprouts Farmers Market, Inc. will post 4.29 EPS for the current year.
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.
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