Sprouts Farmers Market, Inc. $SFM Shares Sold by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. lessened its position in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 84.2% during the 1st quarter, Holdings Channel reports. The institutional investor owned 119,707 shares of the company’s stock after selling 639,682 shares during the period. Assenagon Asset Management S.A.’s holdings in Sprouts Farmers Market were worth $9,233,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Newbridge Financial Services Group Inc. purchased a new stake in shares of Sprouts Farmers Market during the 2nd quarter worth about $29,000. TD Private Client Wealth LLC grew its position in shares of Sprouts Farmers Market by 1,309.1% during the 4th quarter. TD Private Client Wealth LLC now owns 310 shares of the company’s stock valued at $25,000 after acquiring an additional 288 shares during the period. Sound Income Strategies LLC purchased a new position in shares of Sprouts Farmers Market in the 4th quarter valued at about $27,000. Clearstead Advisors LLC increased its stake in shares of Sprouts Farmers Market by 72.7% in the 4th quarter. Clearstead Advisors LLC now owns 380 shares of the company’s stock valued at $30,000 after purchasing an additional 160 shares in the last quarter. Finally, FWL Investment Management LLC raised its holdings in Sprouts Farmers Market by 72.5% in the 3rd quarter. FWL Investment Management LLC now owns 426 shares of the company’s stock worth $46,000 after purchasing an additional 179 shares during the period.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Evercore reiterated an “outperform” rating on shares of Sprouts Farmers Market in a research report on Thursday, April 30th. JPMorgan Chase & Co. boosted their price objective on Sprouts Farmers Market from $77.00 to $78.00 and gave the company a “neutral” rating in a research report on Thursday, April 30th. Melius Research downgraded Sprouts Farmers Market from a “hold” rating to a “sell” rating and set a $70.00 target price for the company. in a research note on Monday, April 6th. Royal Bank Of Canada reiterated 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, Weiss Ratings reissued a “hold (c)” rating on shares of Sprouts Farmers Market in a research note on Wednesday. Seven analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $96.08.

Insider Activity at Sprouts Farmers Market

In other Sprouts Farmers Market news, COO Nicholas Konat sold 12,538 shares of Sprouts Farmers Market stock in a transaction on Thursday, June 11th. The shares were sold at an average price of $87.90, for a total transaction of $1,102,090.20. Following the sale, the chief operating officer owned 66,119 shares of the company’s stock, valued at $5,811,860.10. The trade was a 15.94% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Brandon F. Lombardi sold 406 shares of the company’s stock in a transaction on Friday, May 1st. The stock was sold at an average price of $82.04, for a total transaction of $33,308.24. Following the sale, the insider directly owned 6,801 shares of the company’s stock, valued at $557,954.04. The trade was a 5.63% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 34,522 shares of company stock valued at $2,958,303. 1.30% of the stock is owned by insiders.

Sprouts Farmers Market Stock Performance

SFM stock opened at $82.14 on Monday. Sprouts Farmers Market, Inc. has a 12-month low of $64.75 and a 12-month high of $171.15. The business’s 50-day moving average is $81.79 and its 200 day moving average is $77.97. The company has a current ratio of 0.92, a quick ratio of 0.42 and a debt-to-equity ratio of 0.07. The stock has a market cap of $7.72 billion, a price-to-earnings ratio of 15.80, a PEG ratio of 1.74 and a beta of 0.67.

Sprouts Farmers Market (NASDAQ:SFM) last announced its earnings results on Wednesday, April 29th. The company reported $1.71 EPS for the quarter, beating analysts’ consensus estimates of $1.67 by $0.04. The business had revenue of $2.33 billion during the quarter, compared to analysts’ expectations of $2.32 billion. Sprouts Farmers Market had a return on equity of 36.06% and a net margin of 5.70%.The business’s revenue was up 4.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.81 earnings per share. Sprouts Farmers Market has set its FY 2026 guidance at 5.320-5.480 EPS and its Q2 2026 guidance at 1.320-1.360 EPS. On average, sell-side analysts anticipate that Sprouts Farmers Market, Inc. will post 5.57 EPS for the current fiscal year.

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.