245,608 Shares in Sprouts Farmers Market, Inc. $SFM Bought by Punch & Associates Investment Management Inc.

Punch & Associates Investment Management Inc. bought a new stake in Sprouts Farmers Market, Inc. (NASDAQ:SFM - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 245,608 shares of the company's stock, valued at approximately $20,774,000. Punch & Associates Investment Management Inc. owned approximately 0.26% of Sprouts Farmers Market at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. BlackRock Inc. acquired a new stake in shares of Sprouts Farmers Market during the 2nd quarter valued at about $768,171,000. Norges Bank bought a new position in Sprouts Farmers Market during the fourth quarter valued at approximately $161,398,000. Swedbank AB bought a new position in Sprouts Farmers Market during the first quarter valued at approximately $121,906,000. Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in Sprouts Farmers Market in the second quarter valued at approximately $131,310,000. Finally, Bank of America Corp DE lifted its stake in Sprouts Farmers Market by 137.0% in the second quarter. Bank of America Corp DE now owns 2,584,923 shares of the company's stock valued at $425,582,000 after acquiring an additional 1,494,014 shares during the last quarter.

Analysts Set New Price Targets

SFM has been the topic of several analyst reports. Deutsche Bank Aktiengesellschaft restated a "hold" rating and set a $84.00 price target on shares of Sprouts Farmers Market in a research note on Thursday, July 30th. Evercore reaffirmed an "outperform" rating on shares of Sprouts Farmers Market in a research note on Monday, July 27th. Roth Capital set a $82.00 target price on shares of Sprouts Farmers Market in a research report on Friday, July 31st. UBS Group raised their target price on Sprouts Farmers Market from $80.00 to $86.00 and gave the company a "neutral" rating in a report on Thursday, July 30th. Finally, Weiss Ratings reiterated a "hold (c)" rating on shares of Sprouts Farmers Market in a research note on Wednesday, June 24th. Seven analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Sprouts Farmers Market presently has a consensus rating of "Hold" and an average price target of $91.58.

Insider Transactions at Sprouts Farmers Market

In related news, COO Nicholas Konat sold 12,538 shares of the business's stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of $87.90, for a total transaction of $1,102,090.20. Following the transaction, the chief operating officer directly owned 66,119 shares in the company, valued at $5,811,860.10. The trade was a 15.94% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Joseph D. O'leary sold 2,597 shares of the company's stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $82.57, for a total value of $214,434.29. Following the completion of the transaction, the director directly owned 14,710 shares of the company's stock, valued at approximately $1,214,604.70. This trade represents a 15.01% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 58,289 shares of company stock worth $4,991,405. 1.30% of the stock is currently owned by company insiders.

Sprouts Farmers Market Stock Up 1.0%

Shares of SFM stock opened at $86.83 on Thursday. Sprouts Farmers Market, Inc. has a 12 month low of $64.75 and a 12 month high of $145.58. The company has a quick ratio of 0.43, a current ratio of 0.99 and a debt-to-equity ratio of 0.07. The firm has a market cap of $8.10 billion, a PE ratio of 16.63, a price-to-earnings-growth ratio of 2.13 and a beta of 0.68. The stock has a 50 day moving average of $81.79 and a 200-day moving average of $79.44.

Sprouts Farmers Market (NASDAQ:SFM - Get Free Report) last announced its earnings results on Wednesday, July 29th. The company reported $1.37 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.35 by $0.02. Sprouts Farmers Market had a net margin of 5.58% and a return on equity of 34.84%. The business had revenue of $2.33 billion for the quarter, compared to analyst estimates of $2.32 billion. During the same quarter in the previous year, the firm posted $1.35 earnings per share. Sprouts Farmers Market's revenue was up 4.7% compared to the same quarter last year. 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, equities analysts predict that Sprouts Farmers Market, Inc. will post 5.55 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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