Sprouts Farmers Market, Inc. $SFM Shares Bought by Fifth Third Bancorp

Fifth Third Bancorp raised its stake in Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 1,125.6% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 41,057 shares of the company’s stock after purchasing an additional 37,707 shares during the period. Fifth Third Bancorp’s holdings in Sprouts Farmers Market were worth $3,167,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Focus Partners Wealth bought a new position in shares of Sprouts Farmers Market during the first quarter worth about $400,000. Baird Financial Group Inc. grew its position in shares of Sprouts Farmers Market by 77.7% in the 2nd quarter. Baird Financial Group Inc. now owns 3,509 shares of the company’s stock worth $578,000 after acquiring an additional 1,534 shares in the last quarter. Cerity Partners LLC grew its position in shares of Sprouts Farmers Market by 13.1% in the 2nd quarter. Cerity Partners LLC now owns 22,554 shares of the company’s stock worth $3,713,000 after acquiring an additional 2,609 shares in the last quarter. Daiwa Securities Group Inc. increased its holdings in shares of Sprouts Farmers Market by 12.0% in the 2nd quarter. Daiwa Securities Group Inc. now owns 22,882 shares of the company’s stock valued at $3,767,000 after acquiring an additional 2,460 shares during the last quarter. Finally, NewEdge Advisors LLC increased its holdings in shares of Sprouts Farmers Market by 64.0% in the 2nd quarter. NewEdge Advisors LLC now owns 11,513 shares of the company’s stock valued at $1,896,000 after acquiring an additional 4,492 shares during the last quarter.

Sprouts Farmers Market Price Performance

NASDAQ:SFM opened at $75.78 on Monday. 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 50 day moving average of $83.57 and a 200-day moving average of $78.12. The firm has a market capitalization of $7.13 billion, a PE ratio of 14.57, a price-to-earnings-growth ratio of 1.60 and a beta of 0.67. Sprouts Farmers Market, Inc. has a 52 week low of $64.75 and a 52 week high of $170.49.

Sprouts Farmers Market (NASDAQ:SFM) last announced its quarterly earnings results on Wednesday, April 29th. The company reported $1.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.67 by $0.04. Sprouts Farmers Market had a return on equity of 36.06% and a net margin of 5.70%.The business had revenue of $2.33 billion for the quarter, compared to the consensus estimate of $2.32 billion. During the same quarter last year, the business posted $1.81 EPS. The business’s revenue was up 4.1% on a year-over-year basis. 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. Analysts predict that Sprouts Farmers Market, Inc. will post 5.57 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on SFM shares. Weiss Ratings restated a “hold (c)” rating on shares of Sprouts Farmers Market in a research note on Wednesday, June 24th. Evercore reaffirmed an “outperform” rating on shares of Sprouts Farmers Market in a report on Thursday, April 30th. JPMorgan Chase & Co. boosted their target price on shares of Sprouts Farmers Market from $77.00 to $78.00 and gave the company a “neutral” rating in a research note on Thursday, April 30th. Royal Bank Of Canada reissued an “outperform” rating and set a $114.00 target price on shares of Sprouts Farmers Market in a report on Monday, June 1st. Finally, Melius Research downgraded shares of Sprouts Farmers Market from a “hold” rating to a “sell” rating and set a $70.00 price target on the stock. in a research report on Monday, April 6th. Seven research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $96.08.

Insiders Place Their Bets

In other news, COO Nicholas Konat sold 12,538 shares of the company’s stock in a transaction dated 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 completion of the transaction, the chief operating officer owned 66,119 shares in the company, valued at approximately $5,811,860.10. This represents a 15.94% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jack Sinclair sold 10,788 shares of the stock in a transaction dated Tuesday, July 7th. The stock was sold at an average price of $84.87, for a total transaction of $915,577.56. Following the completion of the sale, the chief executive officer directly owned 269,980 shares in the company, valued at approximately $22,913,202.60. This trade represents a 3.84% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 45,310 shares of company stock valued at $3,873,881 over the last three months. Company insiders own 1.30% of the company’s stock.

Sprouts Farmers Market 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.