Legal & General Group Plc Purchases Shares of 139,839 Sprouts Farmers Market, Inc. $SFM

Legal & General Group Plc acquired a new stake in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 139,839 shares of the company’s stock, valued at approximately $11,828,000.

Other large investors have also modified their holdings of the company. The Manufacturers Life Insurance Company acquired a new stake in shares of Sprouts Farmers Market during the second quarter worth $5,566,000. L2 Asset Management LLC acquired a new position in shares of Sprouts Farmers Market in the 2nd quarter valued at $585,000. Cibc World Market Inc. acquired a new position in shares of Sprouts Farmers Market in the 2nd quarter valued at $8,532,000. Connor Clark & Lunn Investment Management Ltd. purchased a new position in Sprouts Farmers Market in the 2nd quarter worth about $1,816,000. Finally, Pinnacle Holdings LLC purchased a new position in Sprouts Farmers Market in the 2nd quarter worth about $42,000.

Insider Transactions at Sprouts Farmers Market

In other news, Director Joseph D. O’leary sold 2,597 shares of the firm’s stock in a transaction on Friday, August 14th. The shares were sold at an average price of $82.57, for a total transaction of $214,434.29. Following the transaction, the director owned 14,710 shares in the company, valued at approximately $1,214,604.70. This trade represents a 15.01% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Nicholas Konat sold 12,538 shares of Sprouts Farmers Market stock in a transaction on Thursday, June 11th. The shares were sold at an average price of $87.90, for a total transaction of $1,102,090.20. Following the completion of the sale, the chief operating officer directly owned 66,119 shares of the company’s stock, valued at approximately $5,811,860.10. The trade was a 15.94% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 58,289 shares of company stock worth $4,991,405 in the last 90 days. 1.30% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms have commented on SFM. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $84.00 price objective on shares of Sprouts Farmers Market in a research note on Thursday, July 30th. Royal Bank Of Canada reissued an “outperform” rating and issued a $114.00 target price on shares of Sprouts Farmers Market in a research report on Monday, June 1st. UBS Group boosted their price target on shares of Sprouts Farmers Market from $80.00 to $86.00 and gave the company a “neutral” rating in a report on Thursday, July 30th. Roth Capital set a $82.00 price target on shares of Sprouts Farmers Market in a research report on Friday, July 31st. Finally, Evercore reaffirmed an “outperform” rating on shares of Sprouts Farmers Market in a research note on Monday, July 27th. Seven investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $91.58.

Sprouts Farmers Market Trading Up 0.7%

Shares of NASDAQ SFM opened at $82.04 on Tuesday. The stock has a market cap of $7.65 billion, a price-to-earnings ratio of 15.72, a PEG ratio of 2.02 and a beta of 0.68. The business has a 50 day simple moving average of $81.85 and a 200 day simple moving average of $79.77. Sprouts Farmers Market, Inc. has a 52 week low of $64.75 and a 52 week high of $141.78. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.43 and a current ratio of 0.99.

Sprouts Farmers Market (NASDAQ:SFM) last issued its quarterly earnings data on Wednesday, July 29th. The company reported $1.37 earnings per share for the quarter, beating the consensus estimate of $1.35 by $0.02. The firm had revenue of $2.33 billion for the quarter, compared to analyst estimates of $2.32 billion. Sprouts Farmers Market had a net margin of 5.58% and a return on equity of 34.84%. The company’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same quarter last year, the firm earned $1.35 earnings per share. Sprouts Farmers Market has set its Q3 2026 guidance at 1.200-1.240 EPS and its FY 2026 guidance at 5.320-5.400 EPS. On average, research analysts predict that Sprouts Farmers Market, Inc. will post 5.55 earnings per share for the current fiscal year.

Sprouts Farmers Market 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.