Cibc World Market Inc. purchased a new stake in Sprouts Farmers Market, Inc. (NASDAQ:SFM - Free Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 100,873 shares of the company's stock, valued at approximately $8,532,000. Cibc World Market Inc. owned 0.11% of Sprouts Farmers Market as of its most recent SEC filing.
A number of other institutional investors have also recently bought and sold shares of SFM. Focus Partners Wealth acquired a new stake in Sprouts Farmers Market during the 1st quarter worth about $400,000. Baird Financial Group Inc. boosted its holdings in shares of Sprouts Farmers Market by 77.7% in the second quarter. Baird Financial Group Inc. now owns 3,509 shares of the company's stock worth $578,000 after buying an additional 1,534 shares during the period. Cerity Partners LLC boosted its holdings in shares of Sprouts Farmers Market by 13.1% in the second quarter. Cerity Partners LLC now owns 22,554 shares of the company's stock worth $3,713,000 after buying an additional 2,609 shares during the period. Daiwa Securities Group Inc. increased its position in shares of Sprouts Farmers Market by 12.0% in the second quarter. Daiwa Securities Group Inc. now owns 22,882 shares of the company's stock worth $3,767,000 after acquiring an additional 2,460 shares in the last quarter. Finally, NewEdge Advisors LLC increased its position in shares of Sprouts Farmers Market by 64.0% in the second quarter. NewEdge Advisors LLC now owns 11,513 shares of the company's stock worth $1,896,000 after acquiring an additional 4,492 shares in the last quarter.
Sprouts Farmers Market Trading Down 0.2%
NASDAQ:SFM opened at $85.95 on Wednesday. The stock has a market cap of $8.01 billion, a PE ratio of 16.47, a price-to-earnings-growth ratio of 2.13 and a beta of 0.68. Sprouts Farmers Market, Inc. has a fifty-two week low of $64.75 and a fifty-two week high of $146.11. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.99 and a quick ratio of 0.43. The stock's 50-day moving average is $81.65 and its two-hundred day moving average is $79.30.
Sprouts Farmers Market (NASDAQ:SFM - Get Free Report) last posted its quarterly earnings results on Wednesday, July 29th. The company reported $1.37 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.35 by $0.02. The business had revenue of $2.33 billion during the quarter, compared to analyst estimates of $2.32 billion. Sprouts Farmers Market had a net margin of 5.58% and a return on equity of 34.84%. The firm's revenue was up 4.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.35 earnings per share. 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 research analysts forecast that Sprouts Farmers Market, Inc. will post 5.55 earnings per share for the current fiscal year.
Insiders Place Their Bets
In other Sprouts Farmers Market news, Director Joseph D. O'leary sold 2,597 shares of Sprouts Farmers Market stock in a transaction on 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 owned 14,710 shares of the company's stock, valued at $1,214,604.70. This trade represents a 15.01% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Jack Sinclair sold 10,788 shares of the business's stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $86.80, for a total transaction of $936,398.40. Following the transaction, the chief executive officer owned 269,980 shares in the company, valued at approximately $23,434,264. This 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. Insiders sold a total of 58,289 shares of company stock worth $4,991,405 in the last quarter. 1.30% of the stock is currently owned by corporate insiders.
Wall Street Analyst Weigh In
A number of equities research analysts have recently issued reports on SFM shares. Roth Capital set a $82.00 price target on shares of Sprouts Farmers Market in a report on Friday, July 31st. UBS Group raised their price objective on shares of Sprouts Farmers Market from $80.00 to $86.00 and gave the stock a "neutral" rating in a research note on Thursday, July 30th. Evercore reiterated an "outperform" rating on shares of Sprouts Farmers Market in a research report on Monday, July 27th. Royal Bank Of Canada reissued an "outperform" rating and set a $114.00 target price on shares of Sprouts Farmers Market in a research note on Monday, June 1st. Finally, JPMorgan Chase & Co. upgraded 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 report on Thursday, July 30th. 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 stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $91.58.
Check Out Our Latest Report on Sprouts Farmers Market
Sprouts Farmers Market 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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