54,958 Shares in Sprouts Farmers Market, Inc. $SFM Bought by Man Group plc

Man Group plc bought a new stake in Sprouts Farmers Market, Inc. (NASDAQ:SFM) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 54,958 shares of the company’s stock, valued at approximately $4,648,000. Man Group plc owned about 0.06% of Sprouts Farmers Market at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. BlackRock Inc. purchased a new stake in Sprouts Farmers Market in the 2nd quarter valued at about $768,171,000. Norges Bank purchased a new stake in shares of Sprouts Farmers Market during the fourth quarter valued at approximately $161,398,000. Swedbank AB bought a new stake in Sprouts Farmers Market during the first quarter worth $121,906,000. Barrow Hanley Mewhinney & Strauss LLC purchased a new position in Sprouts Farmers Market in the second quarter worth $131,310,000. Finally, Bank of America Corp DE grew its stake in Sprouts Farmers Market by 137.0% in the 2nd quarter. Bank of America Corp DE now owns 2,584,923 shares of the company’s stock valued at $425,582,000 after purchasing an additional 1,494,014 shares during the period.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on SFM shares. UBS Group lifted their target price on Sprouts Farmers Market from $80.00 to $86.00 and gave the stock a “neutral” rating in a research note on Thursday, July 30th. Royal Bank Of Canada reissued an “outperform” rating and set a $114.00 target price on shares of Sprouts Farmers Market in a research report on Monday, June 1st. Roth Capital set a $82.00 price objective on Sprouts Farmers Market in a research note on Friday, July 31st. JPMorgan Chase & Co. raised shares of Sprouts Farmers Market from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $80.00 to $103.00 in a report on Thursday, July 30th. Finally, Evercore reiterated an “outperform” rating on shares of Sprouts Farmers Market in a research report on Monday, July 27th. Seven equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Sprouts Farmers Market has a consensus rating of “Hold” and a consensus price target of $91.58.

Insider Activity

In other Sprouts Farmers Market news, COO Nicholas Konat sold 12,538 shares of the business’s 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. The trade was a 15.94% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Joseph D. O’leary sold 2,597 shares of the company’s stock in a transaction dated Friday, August 14th. The shares were sold at an average price of $82.57, for a total transaction of $214,434.29. Following the sale, the director owned 14,710 shares of the company’s stock, valued at approximately $1,214,604.70. The trade was a 15.01% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 58,289 shares of company stock valued at $4,991,405. Corporate insiders own 1.30% of the company’s stock.

Sprouts Farmers Market Stock Performance

Sprouts Farmers Market stock opened at $81.46 on Monday. Sprouts Farmers Market, Inc. has a fifty-two week low of $64.75 and a fifty-two week 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. The stock has a market cap of $7.60 billion, a P/E ratio of 15.61, a price-to-earnings-growth ratio of 2.02 and a beta of 0.68. The firm’s fifty day moving average price is $81.82 and its 200-day moving average price is $79.65.

Sprouts Farmers Market (NASDAQ:SFM) last released its earnings results on Wednesday, July 29th. The company reported $1.37 EPS for the quarter, beating analysts’ consensus estimates of $1.35 by $0.02. Sprouts Farmers Market had a return on equity of 34.84% and a net margin of 5.58%.The business had revenue of $2.33 billion for the quarter, compared to analysts’ expectations of $2.32 billion. During the same quarter in the prior year, the firm earned $1.35 earnings per share. The firm’s revenue was up 4.7% on a year-over-year basis. 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. On average, equities research analysts expect that Sprouts Farmers Market, Inc. will post 5.55 earnings per share for the current fiscal year.

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.