Sprouts Farmers Market, Inc. $SFM Stock Bought by Access Investment Management LLC

Key Points

• Access Investment Management increased its Sprouts Farmers Market stake by 145.8% in the third quarter, acquiring 21,175 additional shares and bringing its holdings to 35,699 shares valued at approximately $2.37 million.
• Analyst sentiment remains mixed: seven analysts rate SFM a Buy, six rate it Hold and one rates it Sell. The stock has a consensus Hold rating and an average price target of $88.92.
• SFM opened at $66.26, near its 52-week low of $61.88, while recent results modestly exceeded expectations with quarterly EPS of $1.37 versus the $1.35 consensus and revenue of $2.33 billion.

Access Investment Management LLC grew its stake in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM - Free Report) by 145.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 35,699 shares of the company's stock after acquiring an additional 21,175 shares during the period. Access Investment Management LLC's holdings in Sprouts Farmers Market were worth $2,369,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Robeco Schweiz AG raised its holdings in shares of Sprouts Farmers Market by 49.1% in the third quarter. Robeco Schweiz AG now owns 137,200 shares of the company's stock worth $9,103,000 after acquiring an additional 45,200 shares during the last quarter. Farmers & Merchants Investments Inc. boosted its stake in shares of Sprouts Farmers Market by 13.8% during the 3rd quarter. Farmers & Merchants Investments Inc. now owns 56,227 shares of the company's stock worth $3,731,000 after purchasing an additional 6,800 shares during the last quarter. Isthmus Partners LLC grew its holdings in shares of Sprouts Farmers Market by 5.1% during the third quarter. Isthmus Partners LLC now owns 51,336 shares of the company's stock worth $3,406,000 after buying an additional 2,485 shares in the last quarter. Foster Victor Wealth Advisors LLC grew its holdings in shares of Sprouts Farmers Market by 4.3% during the third quarter. Foster Victor Wealth Advisors LLC now owns 126,293 shares of the company's stock worth $8,116,000 after buying an additional 5,260 shares in the last quarter. Finally, Axxcess Wealth Management LLC grew its holdings in shares of Sprouts Farmers Market by 3.7% during the third quarter. Axxcess Wealth Management LLC now owns 6,071 shares of the company's stock worth $403,000 after buying an additional 219 shares in the last quarter.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the stock. JPMorgan Chase & Co. cut their price objective on shares of Sprouts Farmers Market from $103.00 to $90.00 and set an "overweight" rating for the company in a research 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. Evercore reaffirmed an "outperform" rating and issued a $95.00 target price on shares of Sprouts Farmers Market in a research note on Tuesday, September 1st. Royal Bank Of Canada lowered their target price on shares of Sprouts Farmers Market from $114.00 to $111.00 and set an "outperform" rating for the company in a research note on Tuesday, October 20th. Finally, Deutsche Bank Aktiengesellschaft cut their price target on Sprouts Farmers Market from $84.00 to $77.00 and set a "hold" rating for the company in a report on Friday, September 25th. 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, the stock currently has a consensus rating of "Hold" and a consensus price target of $88.92.

Insiders Place Their Bets

In related news, Director Joseph O'Leary sold 2,597 shares of Sprouts Farmers Market stock in a transaction 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 transaction, the director owned 14,710 shares in the company, valued at approximately $1,214,604.70. This trade represents a 15.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Jack Sinclair sold 10,788 shares of the business's stock in a transaction dated Monday, October 5th. The shares were sold at an average price of $64.48, for a total value of $695,610.24. Following the sale, the chief executive officer directly owned 269,980 shares of the company's stock, valued at approximately $17,408,310.40. This trade represents a 3.84% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 46,041 shares of company stock valued at $3,460,383. Insiders own 1.30% of the company's stock.

Sprouts Farmers Market Price Performance

SFM opened at $66.26 on Monday. Sprouts Farmers Market, Inc. has a 1 year low of $61.88 and a 1 year high of $109.24. The company's 50 day simple moving average is $71.85 and its 200 day simple moving average is $77.96. The stock has a market capitalization of $6.18 billion, a PE ratio of 12.69, a P/E/G ratio of 1.68 and a beta of 0.67. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.43 and a current ratio of 0.99.

Sprouts Farmers Market (NASDAQ:SFM - Get Free Report) last issued 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. The firm 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%. Sprouts Farmers Market's revenue for the quarter was up 4.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $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, sell-side analysts expect that Sprouts Farmers Market, Inc. will post 5.52 EPS for the current year.

About Sprouts Farmers Market

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.

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