BlackRock Inc. bought a new position in Sprouts Farmers Market, Inc. (NASDAQ:SFM - Free Report) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 9,082,188 shares of the company's stock, valued at approximately $768,171,000. BlackRock Inc. owned approximately 9.74% of Sprouts Farmers Market at the end of the most recent reporting period.
Several other institutional investors have also recently made changes to their positions in the company. TD Private Client Wealth LLC grew its position in shares of 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 purchased a new stake in Sprouts Farmers Market during the 1st quarter valued at about $25,000. Bell Investment Advisors Inc acquired a new position in Sprouts Farmers Market in the 2nd quarter worth approximately $29,000. Newbridge Financial Services Group Inc. acquired a new position in Sprouts Farmers Market during the second quarter valued at $29,000. Finally, Clearstead Advisors LLC raised its position in Sprouts Farmers Market by 72.7% during the fourth quarter. Clearstead Advisors LLC now owns 380 shares of the company's stock valued at $30,000 after acquiring an additional 160 shares in the last quarter.
Sprouts Farmers Market Stock Performance
Shares of SFM opened at $81.08 on Friday. 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 50 day moving average price of $81.59 and a 200 day moving average price of $78.99. The company has a market capitalization of $7.56 billion, a price-to-earnings ratio of 15.53, a price-to-earnings-growth ratio of 2.01 and a beta of 0.68. Sprouts Farmers Market, Inc. has a 52-week low of $64.75 and a 52-week high of $149.66.
Sprouts Farmers Market (NASDAQ:SFM - Get Free Report) last announced its quarterly earnings results on Wednesday, July 29th. The company reported $1.37 EPS 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 firm had revenue of $2.33 billion for the quarter, compared to analyst estimates of $2.32 billion. During the same period last year, the business earned $1.35 EPS. Sprouts Farmers Market's revenue for the quarter 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. Research analysts predict that Sprouts Farmers Market, Inc. will post 5.55 EPS for the current fiscal year.
Insider Buying and Selling
In other news, CEO Jack Sinclair sold 10,788 shares of the company's 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 in the company, valued at $23,434,264. This represents 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 Sprouts Farmers Market 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 directly owned 66,119 shares in the company, valued at approximately $5,811,860.10. The trade was a 15.94% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 58,289 shares of company stock worth $4,991,405 in the last 90 days. Company insiders own 1.30% of the company's stock.
Wall Street Analyst Weigh In
Several equities research analysts have recently issued reports on the stock. Weiss Ratings reissued a "hold (c)" rating on shares of Sprouts Farmers Market in a research note on Wednesday, June 24th. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and set a $84.00 price objective on shares of Sprouts Farmers Market in a research note on Thursday, July 30th. Roth Capital set a $82.00 price target on shares of Sprouts Farmers Market in a research report on Friday, July 31st. Royal Bank Of Canada reiterated an "outperform" rating and issued a $114.00 price objective on shares of Sprouts Farmers Market in a research report on Monday, June 1st. Finally, JPMorgan Chase & Co. raised shares of 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 research note on Thursday, July 30th. Seven analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $91.58.
Check Out Our Latest Report on Sprouts Farmers Market
Sprouts Farmers Market Company Profile
(
Free Report)
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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