Assenagon Asset Management S.A. Trims Position in Sprouts Farmers Market, Inc. $SFM

Key Points

• Assenagon Asset Management cut its Sprouts Farmers Market stake by 64.5% in the second quarter, selling 77,192 shares and retaining 42,515 shares valued at approximately $3.6 million.
• Analyst sentiment is mixed but leans positive: seven analysts rate SFM a Buy, six rate it Hold and one rates it Sell. The stock has an average rating of Hold and an average price target of $91.58.
• Sprouts exceeded quarterly expectations with adjusted earnings of $1.37 per share and revenue of $2.33 billion, while revenue grew 4.7% year over year. However, company insiders sold 55,692 shares worth about $4.8 million over the past 90 days.

Assenagon Asset Management S.A. reduced its position in Sprouts Farmers Market, Inc. (NASDAQ:SFM - Free Report) by 64.5% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 42,515 shares of the company's stock after selling 77,192 shares during the period. Assenagon Asset Management S.A.'s holdings in Sprouts Farmers Market were worth $3,596,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. MML Investors Services LLC lifted its stake in shares of Sprouts Farmers Market by 0.6% during the 2nd quarter. MML Investors Services LLC now owns 20,287 shares of the company's stock worth $3,340,000 after purchasing an additional 124 shares during the period. Advisory Services Network LLC grew its position in shares of Sprouts Farmers Market by 1.0% in the second quarter. Advisory Services Network LLC now owns 13,486 shares of the company's stock valued at $2,044,000 after purchasing an additional 139 shares during the period. Clearstead Advisors LLC grew its position in shares of Sprouts Farmers Market by 72.7% in the fourth quarter. Clearstead Advisors LLC now owns 380 shares of the company's stock valued at $30,000 after purchasing an additional 160 shares during the period. Arkadios Wealth Advisors increased its stake in Sprouts Farmers Market by 4.3% in the fourth quarter. Arkadios Wealth Advisors now owns 4,106 shares of the company's stock valued at $327,000 after purchasing an additional 171 shares during the last quarter. Finally, Sanctuary Advisors LLC increased its stake in Sprouts Farmers Market by 6.0% in the fourth quarter. Sanctuary Advisors LLC now owns 3,026 shares of the company's stock valued at $241,000 after purchasing an additional 172 shares during the last quarter.

Wall Street Analysts Forecast Growth

Several analysts have commented on SFM shares. Weiss Ratings restated a "hold (c)" rating on shares of Sprouts Farmers Market in a report on Wednesday, June 24th. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and set a $84.00 price objective on shares of Sprouts Farmers Market in a report on Thursday, July 30th. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $114.00 price target on shares of Sprouts Farmers Market in a research report on Monday, June 1st. Evercore reiterated an "outperform" rating on shares of Sprouts Farmers Market in a report on Monday, July 27th. Finally, JPMorgan Chase & Co. upgraded Sprouts Farmers Market from a "neutral" rating to an "overweight" rating and boosted their target price for the stock from $80.00 to $103.00 in a report on Thursday, July 30th. Seven equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Sprouts Farmers Market currently has an average 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 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 owned 66,119 shares of the company's stock, valued at $5,811,860.10. This represents a 15.94% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Jack Sinclair sold 10,788 shares of the stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $86.80, for a total transaction of $936,398.40. Following the sale, the chief executive officer owned 269,980 shares in the company, valued at approximately $23,434,264. This trade represents a 3.84% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 55,692 shares of company stock valued at $4,776,971. Insiders own 1.30% of the company's stock.

Sprouts Farmers Market Stock Performance

Sprouts Farmers Market stock opened at $86.07 on Thursday. Sprouts Farmers Market, Inc. has a 52 week low of $64.75 and a 52 week high of $152.25. The company has a current ratio of 0.99, a quick ratio of 0.43 and a debt-to-equity ratio of 0.07. The stock has a market cap of $8.03 billion, a P/E ratio of 16.49, a price-to-earnings-growth ratio of 2.09 and a beta of 0.68. The stock has a 50 day moving average of $82.23 and a 200-day moving average of $78.58.

Sprouts Farmers Market (NASDAQ:SFM - Get Free Report) last released its earnings results on Wednesday, July 29th. The company reported $1.37 earnings per share for the quarter, topping the consensus estimate 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 company had revenue of $2.33 billion during the quarter, compared to the consensus estimate of $2.32 billion. During the same quarter in the previous year, the firm earned $1.35 EPS. The company's revenue was up 4.7% on a year-over-year basis. 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, analysts expect that Sprouts Farmers Market, Inc. will post 5.55 EPS for the current fiscal 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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