Sprouts Farmers Market, Inc. $SFM Shares Sold by Assetmark Inc.

Assetmark Inc. cut its stake in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 60.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 69,399 shares of the company’s stock after selling 104,923 shares during the quarter. Assetmark Inc.’s holdings in Sprouts Farmers Market were worth $5,353,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Northwestern Mutual Wealth Management Co. lifted its stake in Sprouts Farmers Market by 260.7% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 24,644 shares of the company’s stock valued at $1,963,000 after acquiring an additional 17,812 shares during the last quarter. Allspring Global Investments Holdings LLC increased its stake in shares of Sprouts Farmers Market by 848.2% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 33,300 shares of the company’s stock worth $2,685,000 after purchasing an additional 29,788 shares during the last quarter. Fulcrum Asset Management LLP bought a new position in shares of Sprouts Farmers Market during the 4th quarter valued at $1,333,000. Eurizon Capital SGR S.p.A. bought a new position in shares of Sprouts Farmers Market during the 4th quarter valued at $4,841,000. Finally, Danske Bank A S lifted its stake in shares of Sprouts Farmers Market by 20.6% in the 4th quarter. Danske Bank A S now owns 146,196 shares of the company’s stock valued at $11,647,000 after purchasing an additional 24,936 shares during the last quarter.

Sprouts Farmers Market Stock Performance

Shares of NASDAQ SFM opened at $74.69 on Wednesday. Sprouts Farmers Market, Inc. has a 12 month low of $64.75 and a 12 month high of $167.35. The company has a market cap of $7.02 billion, a P/E ratio of 14.36, a P/E/G ratio of 1.58 and a beta of 0.67. The business’s 50 day moving average is $83.19 and its two-hundred day moving average is $78.04. The company has a quick ratio of 0.42, a current ratio of 0.92 and a debt-to-equity ratio of 0.07.

Sprouts Farmers Market (NASDAQ:SFM) last posted its quarterly earnings data on Wednesday, April 29th. The company reported $1.71 earnings per share for the quarter, beating the consensus estimate of $1.67 by $0.04. The company 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%.Sprouts Farmers Market’s revenue for the quarter was up 4.1% compared to the same quarter last year. During the same period in the prior year, the business 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, equities analysts expect that Sprouts Farmers Market, Inc. will post 5.57 EPS for the current year.

Wall Street Analysts Forecast Growth

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

Insider Activity at Sprouts Farmers Market

In other Sprouts Farmers Market news, COO Nicholas Konat sold 12,538 shares of the 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 completion of the sale, the chief operating officer directly owned 66,119 shares of the company’s stock, valued at $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 available at this link. Also, insider Brandon F. Lombardi sold 406 shares of the firm’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 completion of the sale, the insider owned 6,801 shares in the company, valued at $557,954.04. This represents a 5.63% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 45,310 shares of company stock worth $3,873,881 in the last ninety days. 1.30% of the stock is currently owned by insiders.

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.