Shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM – Get Free Report) dropped 3.8% on Wednesday . The company traded as low as $77.56 and last traded at $77.7450. 298,668 shares changed hands during trading, a decline of 87% from the average daily volume of 2,369,959 shares. The stock had previously closed at $80.81.
Wall Street Analysts Forecast Growth
A number of equities research analysts have commented on SFM shares. Roth Capital set a $82.00 target price on Sprouts Farmers Market in a report on Friday, July 31st. Weiss Ratings reiterated a “hold (c)” rating on shares of Sprouts Farmers Market in a report on Wednesday, June 24th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $84.00 price objective on shares of Sprouts Farmers Market in a research note on Thursday, July 30th. UBS Group boosted their price objective on shares of Sprouts Farmers Market from $80.00 to $86.00 and gave the stock a “neutral” rating in a report on Thursday, July 30th. Finally, JPMorgan Chase & Co. upgraded shares of Sprouts Farmers Market from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $80.00 to $103.00 in a research report on Thursday, July 30th. Seven analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Sprouts Farmers Market presently has a consensus rating of “Hold” and an average price target of $92.25.
Read Our Latest Analysis on SFM
Sprouts Farmers Market Stock Up 0.5%
Sprouts Farmers Market (NASDAQ:SFM – Get Free Report) last issued its quarterly earnings data on Wednesday, July 29th. The company reported $1.37 earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm had revenue of $2.33 billion during the quarter, compared to the consensus estimate of $2.32 billion. During the same period in the previous year, the firm posted $1.35 EPS. The company’s quarterly revenue was up 4.7% compared to the same quarter last year. 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. Sell-side analysts expect that Sprouts Farmers Market, Inc. will post 5.55 EPS for the current year.
Insider Buying and Selling
In other Sprouts Farmers Market news, Director Joseph O’Leary sold 2,597 shares of the firm’s stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $82.57, for a total value of $214,434.29. Following the sale, the director directly owned 14,710 shares of the company’s stock, valued at approximately $1,214,604.70. This trade represents a 15.01% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Nicholas Konat sold 12,538 shares of Sprouts Farmers Market stock in a transaction dated 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. This trade represents a 15.94% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 58,287 shares of company stock worth $4,997,929. 1.30% of the stock is owned by company insiders.
Hedge Funds Weigh In On Sprouts Farmers Market
Several institutional investors and hedge funds have recently bought and sold shares of SFM. MML Investors Services LLC lifted its position in Sprouts Farmers Market by 0.6% during the 2nd quarter. MML Investors Services LLC now owns 20,287 shares of the company’s stock worth $3,340,000 after acquiring an additional 124 shares in the last quarter. Advisory Services Network LLC grew its position in Sprouts Farmers Market by 1.0% in the second quarter. Advisory Services Network LLC now owns 13,486 shares of the company’s stock valued at $2,044,000 after acquiring an additional 139 shares in the last quarter. Legacy Wealth Asset Management LLC raised its stake in shares of Sprouts Farmers Market by 2.9% during the second quarter. Legacy Wealth Asset Management LLC now owns 5,578 shares of the company’s stock valued at $472,000 after purchasing an additional 155 shares during the period. Clearstead Advisors LLC raised its stake in shares of Sprouts Farmers Market by 72.7% during the fourth quarter. Clearstead Advisors LLC now owns 380 shares of the company’s stock valued at $30,000 after purchasing an additional 160 shares during the period. Finally, Arkadios Wealth Advisors lifted its position in shares of Sprouts Farmers Market by 4.3% during the fourth quarter. Arkadios Wealth Advisors now owns 4,106 shares of the company’s stock worth $327,000 after purchasing an additional 171 shares in the last quarter.
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.
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