Bank of America Corp DE Makes New Investment in Sprouts Farmers Market, Inc. $SFM

Key Points

• Bank of America initiated a sizable Sprouts Farmers Market stake, purchasing 1.11 million shares worth approximately $93.8 million, or about 1.19% of the company. Several other major institutions, including BlackRock and Norges Bank, also recently established positions.
• Sprouts reported quarterly EPS of $1.37, slightly exceeding the $1.35 consensus estimate, while revenue reached $2.33 billion and increased 4.7% year over year. The company issued third-quarter EPS guidance of $1.20–$1.24 and full-year guidance of $5.32–$5.40.
• Analyst sentiment remains mixed, with seven Buy ratings, six Holds and one Sell; the consensus rating is Hold with a $92.25 price target. Meanwhile, insiders sold 35,253 shares worth approximately $3.0 million over the past three months.

Bank of America Corp DE 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 Form 13F filing with the SEC. The firm bought 1,108,888 shares of the company's stock, valued at approximately $93,790,000. Bank of America Corp DE owned about 1.19% of Sprouts Farmers Market as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in SFM. BlackRock Inc. bought a new stake in shares of Sprouts Farmers Market during the 2nd quarter worth about $768,171,000. Norges Bank bought a new position in shares of Sprouts Farmers Market in the 4th quarter valued at $161,398,000. Swedbank AB bought a new stake in Sprouts Farmers Market during the 1st quarter worth approximately $121,906,000. Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in Sprouts Farmers Market during the 2nd quarter valued at approximately $131,310,000. Finally, Bank of New York Mellon Corp acquired a new stake in Sprouts Farmers Market during the second quarter worth approximately $55,713,000.

Insider Buying and Selling at Sprouts Farmers Market

In other Sprouts Farmers Market news, Director Joseph O'Leary sold 2,597 shares of the stock in a transaction dated Friday, August 14th. The shares were sold at an average price of $82.57, for a total transaction of $214,434.29. Following the completion of the sale, the director directly owned 14,710 shares of the company's stock, valued at approximately $1,214,604.70. This represents a 15.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Jack Sinclair sold 10,788 shares of Sprouts Farmers Market stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $86.80, for a total transaction of $936,398.40. Following the completion of the sale, the chief executive officer owned 269,980 shares of the company's stock, valued at $23,434,264. This trade represents a 3.84% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 35,253 shares of company stock valued at $2,981,611. Corporate insiders own 1.30% of the company's stock.

Wall Street Analysts Forecast Growth

SFM has been the subject of several recent analyst reports. Roth Capital set a $82.00 target price on Sprouts Farmers Market in a report on Friday, July 31st. Deutsche Bank Aktiengesellschaft reissued a "hold" rating and issued a $84.00 price target on shares of Sprouts Farmers Market in a research note on Thursday, July 30th. JPMorgan Chase & Co. raised Sprouts Farmers Market from a "neutral" rating to an "overweight" rating and increased their target price for the company from $80.00 to $103.00 in a research note on Thursday, July 30th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Sprouts Farmers Market in a report on Wednesday, June 24th. Finally, UBS Group increased their price objective on Sprouts Farmers Market from $80.00 to $86.00 and gave the company a "neutral" rating in a research note on Thursday, July 30th. Seven investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $92.25.

Sprouts Farmers Market Trading Up 1.7%

Shares of SFM opened at $70.79 on Friday. The stock has a market capitalization of $6.60 billion, a PE ratio of 13.56, a P/E/G ratio of 1.72 and a beta of 0.67. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.43 and a current ratio of 0.99. The company's fifty day moving average is $79.37 and its 200 day moving average is $80.22. Sprouts Farmers Market, Inc. has a fifty-two week low of $64.75 and a fifty-two week high of $122.33.

Sprouts Farmers Market (NASDAQ:SFM - Get Free Report) last announced 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. The company had revenue of $2.33 billion for the quarter, compared to the consensus estimate of $2.32 billion. Sprouts Farmers Market had a return on equity of 34.84% and a net margin of 5.58%.Sprouts Farmers Market's quarterly revenue was up 4.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.35 EPS. 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. Sell-side analysts expect that Sprouts Farmers Market, Inc. will post 5.55 earnings per share for the current fiscal year.

Sprouts Farmers Market Company Profile

Sprouts Farmers Market, Inc operates a specialty grocery chain focused on fresh, natural and organic foods. Its stores offer produce, meat and seafood, dairy and refrigerated products, bakery items, prepared foods, bulk goods, vitamins and supplements, and other better-for-you grocery products. The company also provides private-label merchandise and products designed to meet a range of dietary preferences, including plant-based and gluten-free options.

Sprouts was founded in 2002, with its first store opening in Chandler, Arizona.

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