Bank of New York Mellon Corp Purchases New Position in Sprouts Farmers Market, Inc. $SFM

Bank of New York Mellon Corp acquired a new position in Sprouts Farmers Market, Inc. (NASDAQ:SFM - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 658,702 shares of the company's stock, valued at approximately $55,713,000. Bank of New York Mellon Corp owned about 0.71% of Sprouts Farmers Market as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in SFM. Newbridge Financial Services Group Inc. purchased a new stake in shares of Sprouts Farmers Market during the second quarter valued at $29,000. TD Private Client Wealth LLC raised its position in Sprouts Farmers Market by 1,309.1% in the 4th quarter. TD Private Client Wealth LLC now owns 310 shares of the company's stock worth $25,000 after buying an additional 288 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC bought a new position in Sprouts Farmers Market during the 1st quarter valued at about $25,000. Clearstead Advisors LLC lifted its stake in Sprouts Farmers Market by 72.7% during the 4th quarter. Clearstead Advisors LLC now owns 380 shares of the company's stock valued at $30,000 after acquiring an additional 160 shares during the period. Finally, Geneos Wealth Management Inc. purchased a new stake in shares of Sprouts Farmers Market during the 1st quarter valued at about $31,000.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. JPMorgan Chase & Co. raised shares of Sprouts Farmers Market from a "neutral" rating to an "overweight" rating and boosted their price objective for the company from $80.00 to $103.00 in a report on Thursday, July 30th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Sprouts Farmers Market in a research report on Wednesday, June 24th. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $114.00 target price on shares of Sprouts Farmers Market in a research report on Monday, June 1st. Evercore reissued an "outperform" rating on shares of Sprouts Farmers Market in a report on Monday, July 27th. Finally, UBS Group increased their price target on Sprouts Farmers Market from $80.00 to $86.00 and gave the company a "neutral" rating 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's stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus target price of $91.58.

Sprouts Farmers Market Price Performance

Shares of NASDAQ:SFM opened at $86.83 on Thursday. The firm's 50 day moving average price is $81.79 and its 200-day moving average price is $79.44. Sprouts Farmers Market, Inc. has a twelve month low of $64.75 and a twelve 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 stock has a market capitalization 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.

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, 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 company had revenue of $2.33 billion during the quarter, compared to analyst estimates of $2.32 billion. During the same period in the previous year, the business posted $1.35 earnings per share. The firm's quarterly 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. Equities research analysts expect that Sprouts Farmers Market, Inc. will post 5.55 EPS for the current year.

Insider Activity

In related news, COO Nicholas Konat sold 12,538 shares of Sprouts Farmers Market stock in a transaction on 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 approximately $5,811,860.10. The trade was a 15.94% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Joseph D. O'leary sold 2,597 shares of the business's stock in a transaction dated Friday, August 14th. The shares were sold at an average price of $82.57, for a total value of $214,434.29. Following the sale, the director directly owned 14,710 shares of the company's stock, valued at $1,214,604.70. This represents a 15.01% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 58,289 shares of company stock valued at $4,991,405 in the last 90 days. Company insiders own 1.30% of the company's stock.

About Sprouts Farmers Market

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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