Sprouts Farmers Market, Inc. $SFM Position Lifted by California State Teachers Retirement System

Key Points

• California State Teachers Retirement System increased its Sprouts Farmers Market stake by 8,108.4% in the second quarter, acquiring 9.18 million additional shares and holding nearly 10% of the company, valued at approximately $786.2 million.
• Sprouts exceeded quarterly expectations with $1.37 in EPS and $2.33 billion in revenue, while revenue grew 4.7% year over year. The company issued fiscal 2026 EPS guidance of $5.32–$5.40.
• Analyst sentiment is mixed but generally favorable: JPMorgan upgraded the stock to “overweight,” while the broader analyst consensus remains “Hold” with an average price target of $92.25, above the reported $72.76 share price.

California State Teachers Retirement System raised its stake in Sprouts Farmers Market, Inc. (NASDAQ:SFM - Free Report) by 8,108.4% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 9,295,765 shares of the company's stock after purchasing an additional 9,182,518 shares during the period. California State Teachers Retirement System owned 9.97% of Sprouts Farmers Market worth $786,236,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. TD Private Client Wealth LLC lifted 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 bought a new stake in shares of Sprouts Farmers Market during the 1st quarter valued at about $25,000. Bell Investment Advisors Inc acquired a new stake in Sprouts Farmers Market during the second quarter worth about $29,000. Ameritas Advisory Services LLC acquired a new stake in Sprouts Farmers Market during the second quarter worth about $29,000. Finally, Newbridge Financial Services Group Inc. bought a new position in Sprouts Farmers Market in the second quarter worth about $29,000.

Insider Buying and Selling at Sprouts Farmers Market

In other news, CEO Jack Sinclair sold 10,788 shares of the firm's stock in a transaction dated Tuesday, September 1st. The stock was sold at an average price of $82.66, for a total value of $891,736.08. Following the sale, the chief executive officer directly owned 269,980 shares of the company's stock, valued at approximately $22,316,546.80. This trade represents a 3.84% 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. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Joseph D. O'leary sold 2,597 shares of Sprouts Farmers Market stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $82.57, for a total value of $214,434.29. Following the completion of the transaction, the director directly 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 disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 35,253 shares of company stock valued at $2,981,611. 1.30% of the stock is owned by company insiders.

Sprouts Farmers Market Price Performance

NASDAQ SFM opened at $72.76 on Monday. Sprouts Farmers Market, Inc. has a 12 month low of $64.75 and a 12 month high of $139.71. The company has a market capitalization of $6.78 billion, a P/E ratio of 13.94, a PEG ratio of 1.80 and a beta of 0.67. The company's 50 day simple moving average is $80.41 and its 200 day simple moving average is $80.35. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.99 and a quick ratio of 0.43.

Sprouts Farmers Market (NASDAQ:SFM - Get Free Report) last issued its quarterly earnings results on Wednesday, July 29th. The company reported $1.37 earnings per share for the quarter, topping analysts' consensus estimates of $1.35 by $0.02. The firm had revenue of $2.33 billion for the quarter, compared to analysts' expectations of $2.32 billion. Sprouts Farmers Market had a return on equity of 34.84% and a net margin of 5.58%.Sprouts Farmers Market's revenue 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. Equities research analysts expect that Sprouts Farmers Market, Inc. will post 5.55 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on SFM shares. JPMorgan Chase & Co. upgraded shares of Sprouts Farmers Market from a "neutral" rating to an "overweight" rating and lifted their price objective for the company from $80.00 to $103.00 in a research report on Thursday, July 30th. Roth Capital set a $82.00 price target on shares of Sprouts Farmers Market in a research note on Friday, July 31st. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $114.00 price target on shares of Sprouts Farmers Market in a report on Monday, June 1st. UBS Group boosted their price objective on Sprouts Farmers Market from $80.00 to $86.00 and gave the stock a "neutral" rating in a research report on Thursday, July 30th. Finally, Evercore reissued an "outperform" rating and issued a $95.00 price objective on shares of Sprouts Farmers Market in a report on Tuesday, September 1st. Seven equities research 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 an average rating of "Hold" and an average price target of $92.25.

Sprouts Farmers Market Company Profile

Sprouts Farmers Market, Inc operates a specialty grocery chain focused on fresh, natural and organic foods. Its stores offer produce, meat and seafood, dairy and refrigerated products, bakery items, prepared foods, bulk goods, vitamins and supplements, and other better-for-you grocery products. The company also provides private-label merchandise and products designed to meet a range of dietary preferences, including plant-based and gluten-free options.

Sprouts was founded in 2002, with its first store opening in Chandler, Arizona.

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.