California State Teachers Retirement System Raises Position in Sprouts Farmers Market, Inc. $SFM

California State Teachers Retirement System increased its holdings in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM - Free Report) by 21.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 113,247 shares of the company's stock after buying an additional 20,181 shares during the period. California State Teachers Retirement System owned about 0.12% of Sprouts Farmers Market worth $8,735,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of SFM. Vanguard Group Inc. grew its holdings in 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 purchasing an additional 28,951 shares during the last quarter. State Street Corp grew its holdings in Sprouts Farmers Market by 2.4% during the 4th quarter. State Street Corp now owns 3,115,029 shares of the company's stock valued at $248,174,000 after purchasing an additional 71,905 shares in the last quarter. Bank of America Corp DE boosted its stake in Sprouts Farmers Market by 137.0% during the 2nd quarter. Bank of America Corp DE now owns 2,584,923 shares of the company's stock valued at $425,582,000 after acquiring an additional 1,494,014 shares during the last quarter. Morgan Stanley boosted its stake in Sprouts Farmers Market by 51.0% in the fourth 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 during the period. Finally, Norges Bank bought a new stake in Sprouts Farmers Market during the 4th quarter valued at $161,398,000.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. Weiss Ratings reiterated a "hold (c)" rating on shares of Sprouts Farmers Market in a research note on Wednesday, June 24th. JPMorgan Chase & Co. raised Sprouts Farmers Market from a "neutral" rating to an "overweight" rating and lifted their price objective for the stock from $80.00 to $103.00 in a research note on Thursday, July 30th. Evercore reissued an "outperform" rating on shares of Sprouts Farmers Market in a research report on Monday, July 27th. Roth Capital set a $82.00 price target on Sprouts Farmers Market in a report on Friday. Finally, Royal Bank Of Canada reaffirmed an "outperform" rating and set a $114.00 price objective on shares of Sprouts Farmers Market in a research report on Monday, June 1st. Seven investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, Sprouts Farmers Market currently has a consensus rating of "Hold" and a consensus target price of $91.58.

Insider Activity

In related news, COO Nicholas Konat sold 12,538 shares of Sprouts Farmers Market stock in a transaction that occurred on Thursday, June 11th. The shares were sold at an average price of $87.90, for a total value of $1,102,090.20. Following the completion of the transaction, the chief operating officer 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 sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Jack Sinclair sold 10,790 shares of the company's stock in a transaction on Friday, June 5th. The shares were sold at an average price of $82.04, for a total transaction of $885,211.60. Following the completion of the sale, the chief executive officer owned 269,980 shares of the company's stock, valued at approximately $22,149,159.20. 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 three months, insiders sold 44,904 shares of company stock valued at $3,840,572. Insiders own 1.30% of the company's stock.

Sprouts Farmers Market Price Performance

SFM stock opened at $86.07 on Wednesday. The company has a current ratio of 0.99, a quick ratio of 0.43 and a debt-to-equity ratio of 0.07. Sprouts Farmers Market, Inc. has a 12-month low of $64.75 and a 12-month high of $157.35. The stock has a market capitalization of $8.03 billion, a price-to-earnings ratio of 16.49, a PEG ratio of 2.20 and a beta of 0.68. The firm's 50-day moving average price is $81.85 and its two-hundred day moving average price is $78.15.

Sprouts Farmers Market (NASDAQ:SFM - Get Free Report) last issued its quarterly earnings data on Wednesday, July 29th. The company reported $1.37 earnings per share for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to the consensus estimate of $2.32 billion. During the same quarter in the prior year, the firm earned $1.35 earnings per share. The firm'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. As a group, equities analysts predict that Sprouts Farmers Market, Inc. will post 5.55 earnings per share for the current 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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