The Manufacturers Life Insurance Company Makes New Investment in Sprouts Farmers Market, Inc. $SFM

The Manufacturers Life Insurance Company acquired a new position in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 65,810 shares of the company's stock, valued at approximately $5,566,000. The Manufacturers Life Insurance Company owned about 0.07% of Sprouts Farmers Market as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in SFM. MML Investors Services LLC lifted its position in Sprouts Farmers Market by 0.6% during the second quarter. MML Investors Services LLC now owns 20,287 shares of the company's stock worth $3,340,000 after buying an additional 124 shares during the period. Advisory Services Network LLC grew its holdings in Sprouts Farmers Market by 1.0% in the 2nd quarter. Advisory Services Network LLC now owns 13,486 shares of the company's stock valued at $2,044,000 after buying an additional 139 shares during the period. Legacy Wealth Asset Management LLC grew its holdings in Sprouts Farmers Market by 2.9% in the 2nd quarter. Legacy Wealth Asset Management LLC now owns 5,578 shares of the company's stock valued at $472,000 after buying an additional 155 shares during the period. Clearstead Advisors LLC increased its stake in shares of Sprouts Farmers Market by 72.7% during the 4th quarter. Clearstead Advisors LLC now owns 380 shares of the company's stock valued at $30,000 after acquiring an additional 160 shares during the last quarter. Finally, Arkadios Wealth Advisors increased its stake in shares of Sprouts Farmers Market by 4.3% during the 4th quarter. Arkadios Wealth Advisors now owns 4,106 shares of the company's stock valued at $327,000 after acquiring an additional 171 shares during the last quarter.

Sprouts Farmers Market Stock Up 0.7%

Shares of NASDAQ:SFM opened at $82.04 on Tuesday. The stock has a 50-day simple moving average of $81.85 and a 200-day simple moving average of $79.77. The stock has a market capitalization of $7.65 billion, a P/E ratio of 15.72, a PEG ratio of 2.02 and a beta of 0.68. Sprouts Farmers Market, Inc. has a 1 year low of $64.75 and a 1 year high of $141.78. 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 posted its quarterly earnings results on Wednesday, July 29th. The company reported $1.37 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 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 last year, the firm 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. Equities analysts forecast that Sprouts Farmers Market, Inc. will post 5.55 earnings per share for the current year.

Insider Activity

In related news, COO Nicholas Konat sold 12,538 shares of the stock in a transaction on Thursday, June 11th. The stock was sold at an average price of $87.90, for a total value of $1,102,090.20. Following the completion of the sale, the chief operating officer directly owned 66,119 shares in the company, valued at approximately $5,811,860.10. This represents a 15.94% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Joseph D. O'leary sold 2,597 shares of the firm's stock in a transaction dated Friday, August 14th. The shares were 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 $1,214,604.70. This trade represents a 15.01% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 58,289 shares of company stock valued at $4,991,405. Company insiders own 1.30% of the company's stock.

Analyst Ratings Changes

SFM has been the topic of several recent analyst reports. JPMorgan Chase & Co. upgraded shares of Sprouts Farmers Market from a "neutral" rating to an "overweight" rating and increased their price objective for the stock from $80.00 to $103.00 in a report on Thursday, July 30th. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and set a $84.00 price target on shares of Sprouts Farmers Market in a research report on Thursday, July 30th. UBS Group lifted their price target on shares of Sprouts Farmers Market from $80.00 to $86.00 and gave the company a "neutral" rating in a report on Thursday, July 30th. Royal Bank Of Canada reissued an "outperform" rating and set a $114.00 price objective on shares of Sprouts Farmers Market in a research note on Monday, June 1st. Finally, Evercore restated an "outperform" rating on shares of Sprouts Farmers Market in a report on Monday, July 27th. Seven investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average price target of $91.58.

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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