The Manufacturers Life Insurance Company Has $5.29 Million Stock Position in Sprouts Farmers Market, Inc. $SFM

The Manufacturers Life Insurance Company boosted its position in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM - Free Report) by 21.0% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 68,612 shares of the company's stock after purchasing an additional 11,918 shares during the period. The Manufacturers Life Insurance Company owned about 0.07% of Sprouts Farmers Market worth $5,292,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in Sprouts Farmers Market by 0.3% during the 4th 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 in the last quarter. State Street Corp grew its holdings in shares of Sprouts Farmers Market by 2.4% during the fourth quarter. State Street Corp now owns 3,115,029 shares of the company's stock worth $248,174,000 after purchasing an additional 71,905 shares during the last quarter. Bank of America Corp DE increased its stake in shares of Sprouts Farmers Market by 137.0% in the second quarter. Bank of America Corp DE now owns 2,584,923 shares of the company's stock valued at $425,582,000 after buying an additional 1,494,014 shares in the last quarter. Morgan Stanley raised its holdings in shares of 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 buying an additional 708,529 shares during the last quarter. Finally, Norges Bank acquired a new position in Sprouts Farmers Market during the 4th quarter worth about $161,398,000.

Sprouts Farmers Market Stock Up 2.4%

NASDAQ:SFM opened at $87.20 on Friday. Sprouts Farmers Market, Inc. has a 1 year low of $64.75 and a 1 year high of $153.75. The stock has a 50-day moving average price of $81.79 and a two-hundred day moving average price of $78.24. The stock has a market cap of $8.13 billion, a price-to-earnings ratio of 16.70, a PEG ratio of 2.11 and a beta of 0.68. 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 (NASDAQ:SFM - Get Free Report) last released its quarterly earnings data on Wednesday, July 29th. The company reported $1.37 earnings per share for the quarter, beating the consensus estimate of $1.35 by $0.02. Sprouts Farmers Market had a return on equity of 34.84% and a net margin of 5.58%.The business had revenue of $2.33 billion for the quarter, compared to analysts' expectations of $2.32 billion. During the same quarter in the previous year, the business posted $1.35 EPS. Sprouts Farmers Market's revenue for the quarter was up 4.7% on a year-over-year basis. 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 expect that Sprouts Farmers Market, Inc. will post 5.55 earnings per share for the current year.

Wall Street Analysts Forecast Growth

SFM has been the subject of a number of research analyst reports. Roth Capital set a $82.00 target price on shares of Sprouts Farmers Market in a research note on Friday, July 31st. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Sprouts Farmers Market in a report on Wednesday, June 24th. UBS Group increased their price objective on Sprouts Farmers Market from $80.00 to $86.00 and gave the company a "neutral" rating in a research report on Thursday, July 30th. Royal Bank Of Canada restated an "outperform" rating and set a $114.00 target price on shares of Sprouts Farmers Market in a research report on Monday, June 1st. Finally, Evercore reaffirmed an "outperform" rating on shares of Sprouts Farmers Market in a research note on Monday, July 27th. Seven equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Sprouts Farmers Market has an average rating of "Hold" and an average price target of $91.58.

Insider Buying and Selling

In related news, COO Nicholas Konat sold 12,538 shares of the business's stock in a transaction 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 sale, the chief operating officer directly owned 66,119 shares of the company's stock, valued at approximately $5,811,860.10. The trade was a 15.94% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Jack Sinclair sold 10,790 shares of the company's stock in a transaction on Friday, June 5th. The stock was sold at an average price of $82.04, for a total transaction of $885,211.60. Following the completion of the transaction, the chief executive officer directly owned 269,980 shares of the company's stock, valued at approximately $22,149,159.20. The trade was a 3.84% decrease in their ownership of the stock. 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 ninety days, insiders sold 55,692 shares of company stock worth $4,776,971. Insiders own 1.30% of the company's stock.

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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