Bank of America Corp DE Has $40.31 Million Position in Sprouts Farmers Market, Inc. $SFM

Key Points

• Bank of America cut its Sprouts Farmers Market stake by 33.1% in the first quarter, selling 258,894 shares and retaining 522,583 shares valued at approximately $40.3 million.
• Institutional interest was mixed: Vanguard, State Street, Morgan Stanley and Alyeska increased their holdings, while Norges Bank initiated a new position. Sprouts insiders have sold 55,692 shares worth about $4.8 million over the past 90 days.
• Sprouts exceeded quarterly earnings and revenue expectations, but analysts lowered some near-term EPS forecasts. JPMorgan upgraded the stock to “overweight” with a $103 target, while the broader analyst consensus remains “Hold” with a $91.58 target price.

Bank of America Corp DE trimmed its position in Sprouts Farmers Market, Inc. (NASDAQ:SFM - Free Report) by 33.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 522,583 shares of the company's stock after selling 258,894 shares during the period. Bank of America Corp DE owned approximately 0.56% of Sprouts Farmers Market worth $40,307,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in shares of Sprouts Farmers Market by 0.3% in the fourth quarter. Vanguard Group Inc. now owns 9,913,415 shares of the company's stock valued at $789,802,000 after buying an additional 28,951 shares during the period. State Street Corp raised its holdings in shares of Sprouts Farmers Market by 2.4% during the fourth quarter. State Street Corp now owns 3,115,029 shares of the company's stock worth $248,174,000 after acquiring an additional 71,905 shares during the period. Morgan Stanley lifted its position in Sprouts Farmers Market by 51.0% in the 4th quarter. Morgan Stanley now owns 2,098,249 shares of the company's stock valued at $167,168,000 after acquiring an additional 708,529 shares in the last quarter. Norges Bank bought a new stake in Sprouts Farmers Market in the 4th quarter valued at $161,398,000. Finally, Alyeska Investment Group L.P. boosted its stake in Sprouts Farmers Market by 73.8% in the 4th quarter. Alyeska Investment Group L.P. now owns 1,974,943 shares of the company's stock worth $157,344,000 after purchasing an additional 838,328 shares during the period.

Sprouts Farmers Market News Summary

Here are the key news stories impacting Sprouts Farmers Market this week:

• Positive Sentiment: Zacks increased its FY2027 EPS forecast to $5.80 from $5.73 and its FY2028 forecast to $6.32 from $6.11. Estimates for Q4 2026, Q2 2027, Q1 2028 and Q2 2028 were also raised, suggesting analysts see stronger earnings potential beyond the next quarter. Sprouts Farmers Market analyst estimates
• Neutral Sentiment: The full-year 2026 EPS forecast was trimmed slightly to $5.55 from $5.57, but it remains aligned with the current consensus estimate. Zacks’ projections imply earnings growth to $5.80 in 2027 and $6.32 in 2028.
• Negative Sentiment: Zacks cut its Q3 2026 EPS estimate to $1.23 from $1.32, a relatively significant reduction ahead of the company’s next reported quarter. It also lowered Q1 2027 EPS to $1.85 from $1.86 and Q3 2027 EPS to $1.33 from $1.36, signaling some pressure on near-term earnings expectations.

Insider Buying and Selling at Sprouts Farmers Market

In related news, CEO Jack Sinclair sold 10,790 shares of the business's stock in a transaction dated 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 of the company's stock, valued at $22,149,159.20. The trade was a 3.84% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Nicholas Konat sold 12,538 shares of the business's stock in a transaction that occurred 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 transaction, the chief operating officer owned 66,119 shares of the company's stock, valued at $5,811,860.10. The trade was a 15.94% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 55,692 shares of company stock valued at $4,776,971 over the last ninety days. Insiders own 1.30% of the company's stock.

Analyst Upgrades and Downgrades

SFM has been the topic of a number of research reports. JPMorgan Chase & Co. upgraded Sprouts Farmers Market from a "neutral" rating to an "overweight" rating and boosted their price target for the company from $80.00 to $103.00 in a report on Thursday, July 30th. Deutsche Bank Aktiengesellschaft restated a "hold" rating and issued a $84.00 target price 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 report on Monday, July 27th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Sprouts Farmers Market in a research note on Wednesday, June 24th. Finally, Roth Capital set a $82.00 price objective on shares of Sprouts Farmers Market in a report on Friday, July 31st. Seven investment 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's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $91.58.

Sprouts Farmers Market Price Performance

NASDAQ:SFM opened at $82.68 on Friday. Sprouts Farmers Market, Inc. has a 12-month low of $64.75 and a 12-month high of $152.25. The firm has a market capitalization of $7.71 billion, a price-to-earnings ratio of 15.84, a P/E/G ratio of 2.13 and a beta of 0.68. The stock's 50 day moving average price is $82.28 and its two-hundred day moving average price is $78.66. The company has a quick ratio of 0.43, a current ratio of 0.99 and a debt-to-equity ratio of 0.07.

Sprouts Farmers Market (NASDAQ:SFM - Get Free Report) last released its quarterly earnings data on Wednesday, July 29th. The company reported $1.37 EPS for the quarter, beating 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 firm had revenue of $2.33 billion for the quarter, compared to the consensus estimate of $2.32 billion. During the same period in the previous year, the company earned $1.35 earnings per share. The company's quarterly 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 anticipate that Sprouts Farmers Market, Inc. will post 5.55 earnings per share for the current 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.

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