Sprouts Farmers Market, Inc. $SFM Holdings Lowered by Assenagon Asset Management S.A.

Key Points

• Assenagon Asset Management cut its Sprouts Farmers Market stake by 73.6% in the third quarter, selling 31,272 shares and retaining 11,243 shares valued at approximately $746,000.
• Sprouts reported quarterly earnings of $1.37 per share on $2.33 billion in revenue, modestly exceeding analyst expectations, while revenue increased 4.7% year over year.
• Shares opened at $68.86, well below their 52-week high of $109.61. Analyst sentiment is mixed, with a consensus “Hold” rating and an average price target of $88.92; insiders have also sold shares recently.

Assenagon Asset Management S.A. lowered its stake in Sprouts Farmers Market, Inc. (NASDAQ:SFM - Free Report) by 73.6% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 11,243 shares of the company's stock after selling 31,272 shares during the quarter. Assenagon Asset Management S.A.'s holdings in Sprouts Farmers Market were worth $746,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Legacy Wealth Asset Management LLC boosted its holdings in Sprouts Farmers Market by 2.9% during the second quarter. Legacy Wealth Asset Management LLC now owns 5,578 shares of the company's stock worth $472,000 after buying an additional 155 shares during the last quarter. Resonant Capital Advisors LLC grew its position in shares of Sprouts Farmers Market by 2.5% during the 1st quarter. Resonant Capital Advisors LLC now owns 8,152 shares of the company's stock worth $629,000 after buying an additional 196 shares during the period. B. Metzler seel. Sohn & Co. AG increased its stake in shares of Sprouts Farmers Market by 1.6% in the 2nd quarter. B. Metzler seel. Sohn & Co. AG now owns 12,740 shares of the company's stock valued at $1,078,000 after acquiring an additional 205 shares during the last quarter. Blue Trust Inc. increased its stake in shares of Sprouts Farmers Market by 12.3% in the 1st quarter. Blue Trust Inc. now owns 2,167 shares of the company's stock valued at $167,000 after acquiring an additional 238 shares during the last quarter. Finally, Greenwood Capital Associates LLC increased its stake in shares of Sprouts Farmers Market by 8.1% in the 2nd quarter. Greenwood Capital Associates LLC now owns 3,428 shares of the company's stock valued at $290,000 after acquiring an additional 257 shares during the last quarter.

Sprouts Farmers Market Price Performance

Shares of NASDAQ SFM opened at $68.86 on Friday. The firm has a market cap of $6.42 billion, a PE ratio of 13.19, a PEG ratio of 1.66 and a beta of 0.67. 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 1-year low of $61.88 and a 1-year high of $109.61. The company has a fifty day moving average price of $72.18 and a 200 day moving average price of $78.04.

Sprouts Farmers Market (NASDAQ:SFM - Get Free Report) last released its quarterly 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. The firm 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%. The company's revenue for the quarter was up 4.7% on a year-over-year basis. During the same quarter last year, the business 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. Research analysts predict that Sprouts Farmers Market, Inc. will post 5.52 earnings per share for the current fiscal year.

Insider Activity at Sprouts Farmers Market

In related news, Director Joseph D. O'leary sold 2,597 shares of the 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 transaction, the director owned 14,710 shares in the company, valued at approximately $1,214,604.70. This represents a 15.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Jack Sinclair sold 10,788 shares of the stock in a transaction 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 transaction, the chief executive officer owned 269,980 shares of the company's stock, valued at $23,434,264. The trade was a 3.84% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 46,041 shares of company stock valued at $3,460,383 over the last ninety days. Company insiders own 1.30% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the stock. Evercore reiterated an "outperform" rating and issued a $95.00 target price on shares of Sprouts Farmers Market in a report on Tuesday, September 1st. JPMorgan Chase & Co. decreased their price target on shares of Sprouts Farmers Market from $103.00 to $90.00 and set an "overweight" rating for the company in a report on Tuesday, October 6th. UBS Group restated a "neutral" rating on shares of Sprouts Farmers Market in a research report on Wednesday, September 23rd. Roth Capital set a $82.00 price objective on shares of Sprouts Farmers Market in a research report on Friday, July 31st. Finally, The Goldman Sachs Group set a $94.00 price objective on Sprouts Farmers Market in a research note on Monday. 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 company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $88.92.

Sprouts Farmers Market Profile

Sprouts Farmers Market, Inc NASDAQ: SFM is a specialty grocery retailer focused on fresh, natural and organic foods. Its stores offer a broad selection of fresh produce, meat and seafood, dairy products, bulk foods, vitamins and supplements, pantry staples, bakery items, deli products and prepared foods. The company emphasizes products that support healthy eating, including organic, plant-based and specialty-diet options.

Founded in 2002, Sprouts Farmers Market grew from its first store in Chandler, Arizona, into a national grocery chain.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.