Carnegie Investment Counsel Purchases 8,813 Shares of Sprouts Farmers Market, Inc. $SFM

Carnegie Investment Counsel increased its holdings in Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 183.6% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 13,613 shares of the company’s stock after acquiring an additional 8,813 shares during the quarter. Carnegie Investment Counsel’s holdings in Sprouts Farmers Market were worth $1,050,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Focus Partners Wealth bought a new position in shares of Sprouts Farmers Market during the first quarter valued at approximately $400,000. Baird Financial Group Inc. raised its stake in Sprouts Farmers Market by 77.7% in the second quarter. Baird Financial Group Inc. now owns 3,509 shares of the company’s stock worth $578,000 after buying an additional 1,534 shares in the last quarter. Cerity Partners LLC lifted its holdings in Sprouts Farmers Market by 13.1% during the second quarter. Cerity Partners LLC now owns 22,554 shares of the company’s stock worth $3,713,000 after buying an additional 2,609 shares during the period. Daiwa Securities Group Inc. lifted its holdings in Sprouts Farmers Market by 12.0% during the second quarter. Daiwa Securities Group Inc. now owns 22,882 shares of the company’s stock worth $3,767,000 after buying an additional 2,460 shares during the period. Finally, NewEdge Advisors LLC boosted its position in Sprouts Farmers Market by 64.0% during the 2nd quarter. NewEdge Advisors LLC now owns 11,513 shares of the company’s stock valued at $1,896,000 after acquiring an additional 4,492 shares in the last quarter.

Insider Activity at Sprouts Farmers Market

In related news, CEO Jack Sinclair sold 10,790 shares of the firm’s stock in a transaction on Friday, June 5th. The stock was sold at an average price of $82.04, for a total value of $885,211.60. Following the completion of the transaction, the chief executive officer owned 269,980 shares in the company, valued at $22,149,159.20. This trade represents a 3.84% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Brandon F. Lombardi sold 406 shares of Sprouts Farmers Market stock in a transaction dated Friday, May 1st. The stock was sold at an average price of $82.04, for a total value of $33,308.24. Following the sale, the insider directly owned 6,801 shares of the company’s stock, valued at approximately $557,954.04. This represents a 5.63% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 45,310 shares of company stock valued at $3,873,881 in the last ninety days. Company insiders own 1.30% of the company’s stock.

Sprouts Farmers Market Trading Down 1.5%

Shares of Sprouts Farmers Market stock opened at $79.67 on Tuesday. The company has a current ratio of 0.92, a quick ratio of 0.42 and a debt-to-equity ratio of 0.07. Sprouts Farmers Market, Inc. has a 12-month low of $64.75 and a 12-month high of $171.15. The firm has a market capitalization of $7.49 billion, a price-to-earnings ratio of 15.32, a PEG ratio of 1.71 and a beta of 0.67. The firm’s 50 day simple moving average is $84.03 and its two-hundred day simple moving average is $78.26.

Sprouts Farmers Market (NASDAQ:SFM) last posted its quarterly earnings results on Wednesday, April 29th. The company reported $1.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.67 by $0.04. Sprouts Farmers Market had a net margin of 5.70% and a return on equity of 36.06%. The business had revenue of $2.33 billion during the quarter, compared to analysts’ expectations of $2.32 billion. During the same quarter last year, the company posted $1.81 earnings per share. The business’s quarterly revenue was up 4.1% on a year-over-year basis. Sprouts Farmers Market has set its FY 2026 guidance at 5.320-5.480 EPS and its Q2 2026 guidance at 1.320-1.360 EPS. Analysts predict that Sprouts Farmers Market, Inc. will post 5.57 EPS for the current year.

Wall Street Analysts Forecast Growth

SFM has been the topic of a number of analyst reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Sprouts Farmers Market in a report on Wednesday, June 24th. JPMorgan Chase & Co. upped their price objective on Sprouts Farmers Market from $77.00 to $78.00 and gave the stock a “neutral” rating in a research note on Thursday, April 30th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $114.00 target price on shares of Sprouts Farmers Market in a research note on Monday, June 1st. Evercore reiterated an “outperform” rating on shares of Sprouts Farmers Market in a report on Thursday, April 30th. Finally, Melius Research downgraded shares of Sprouts Farmers Market from a “hold” rating to a “sell” rating and set a $70.00 target price for the company. in a report on Monday, April 6th. Seven analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Sprouts Farmers Market currently has a consensus rating of “Hold” and a consensus price target of $96.08.

About Sprouts Farmers Market

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.