Carnegie Investment Counsel Purchases 8,813 Shares of Sprouts Farmers Market, Inc. $SFM

Carnegie Investment Counsel lifted its holdings in Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 183.6% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 13,613 shares of the company’s stock after purchasing an additional 8,813 shares during the quarter. Carnegie Investment Counsel’s holdings in Sprouts Farmers Market were worth $1,050,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of SFM. Fifth Third Bancorp grew its stake in shares of Sprouts Farmers Market by 1,125.6% in the 1st quarter. Fifth Third Bancorp now owns 41,057 shares of the company’s stock worth $3,167,000 after buying an additional 37,707 shares in the last quarter. Kornitzer Capital Management Inc. KS bought a new stake in shares of Sprouts Farmers Market in the 1st quarter worth about $3,738,000. Hsbc Holdings PLC raised its position in shares of Sprouts Farmers Market by 16.3% during the 1st quarter. Hsbc Holdings PLC now owns 17,699 shares of the company’s stock valued at $1,370,000 after buying an additional 2,482 shares in the last quarter. Isthmus Partners LLC raised its position in shares of Sprouts Farmers Market by 15.6% during the 1st quarter. Isthmus Partners LLC now owns 48,192 shares of the company’s stock valued at $3,717,000 after buying an additional 6,504 shares in the last quarter. Finally, Greenwood Capital Associates LLC bought a new position in shares of Sprouts Farmers Market in the 1st quarter valued at about $245,000.

Insider Buying and Selling at Sprouts Farmers Market

In other news, CEO Jack Sinclair sold 10,788 shares of Sprouts Farmers Market stock in a transaction that occurred on Tuesday, July 7th. The shares were 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 owned 269,980 shares of the company’s stock, valued at approximately $22,913,202.60. The trade was a 3.84% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Nicholas Konat sold 12,538 shares of the business’s stock in a transaction that occurred 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 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 disclosure for this sale is available in the SEC filing. Insiders sold a total of 45,310 shares of company stock valued at $3,873,881 in the last three months. Company insiders own 1.30% of the company’s stock.

Analyst Ratings Changes

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

Sprouts Farmers Market Stock Performance

SFM stock opened at $79.67 on Tuesday. The company has a quick ratio of 0.42, a current ratio of 0.92 and a debt-to-equity ratio of 0.07. The business’s fifty day simple moving average is $84.03 and its two-hundred day simple moving average is $78.26. Sprouts Farmers Market, Inc. has a twelve month low of $64.75 and a twelve month high of $171.15. The firm has a market cap of $7.49 billion, a price-to-earnings ratio of 15.32, a PEG ratio of 1.71 and a beta of 0.67.

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