Citizens Financial Group Inc. RI decreased its stake in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM – Free Report) by 76.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,795 shares of the company’s stock after selling 25,951 shares during the period. Citizens Financial Group Inc. RI’s holdings in Sprouts Farmers Market were worth $601,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Norges Bank bought a new position in Sprouts Farmers Market during the 4th quarter worth about $161,398,000. Swedbank AB bought a new stake in shares of Sprouts Farmers Market in the first quarter valued at about $121,906,000. Bank of America Corp DE lifted its holdings in shares of Sprouts Farmers Market by 137.0% in the second 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 in the last quarter. Voloridge Investment Management LLC boosted its position in shares of Sprouts Farmers Market by 652.7% during the third quarter. Voloridge Investment Management LLC now owns 1,411,246 shares of the company’s stock worth $153,544,000 after buying an additional 1,223,753 shares during the period. Finally, Champlain Investment Partners LLC acquired a new position in shares of Sprouts Farmers Market during the fourth quarter worth about $81,557,000.
Wall Street Analyst Weigh In
A number of research firms recently issued reports on SFM. Evercore reiterated an “outperform” rating on shares of Sprouts Farmers Market in a report on Thursday, April 30th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Sprouts Farmers Market in a research report on Wednesday, June 24th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $114.00 price target on shares of Sprouts Farmers Market in a research report on Monday, June 1st. JPMorgan Chase & Co. raised their price target on shares of Sprouts Farmers Market from $77.00 to $78.00 and gave the stock a “neutral” rating in a research note on Thursday, April 30th. Finally, Melius Research downgraded shares of Sprouts Farmers Market from a “hold” rating to a “sell” rating and set a $70.00 price objective on the stock. in a report on Monday, April 6th. Seven investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Sprouts Farmers Market currently has an average rating of “Hold” and an average price target of $96.08.
Insiders Place Their Bets
In related news, insider Brandon F. Lombardi sold 406 shares of the firm’s stock in a transaction on Friday, May 1st. The shares were sold at an average price of $82.04, for a total value of $33,308.24. Following the completion of the transaction, the insider directly owned 6,801 shares of the company’s stock, valued at approximately $557,954.04. This trade represents a 5.63% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Nicholas Konat sold 12,538 shares of the business’s stock in a transaction on Thursday, June 11th. The stock was sold at an average price of $87.90, for a total transaction of $1,102,090.20. Following the transaction, the chief operating officer owned 66,119 shares in the company, valued at approximately $5,811,860.10. The trade was a 15.94% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 45,310 shares of company stock valued at $3,873,881 in the last 90 days. 1.30% of the stock is currently owned by insiders.
Sprouts Farmers Market Price Performance
Shares of NASDAQ SFM opened at $73.30 on Thursday. The stock has a market capitalization of $6.89 billion, a price-to-earnings ratio of 14.10, a PEG ratio of 1.59 and a beta of 0.67. The business has a 50-day moving average of $83.86 and a 200-day moving average of $78.19. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.92 and a quick ratio of 0.42. Sprouts Farmers Market, Inc. has a fifty-two week low of $64.75 and a fifty-two week high of $171.15.
Sprouts Farmers Market (NASDAQ:SFM – Get Free Report) last released its 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 analyst estimates of $2.32 billion. During the same quarter in the prior year, the company posted $1.81 earnings per share. Sprouts Farmers Market’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. As a group, sell-side analysts predict that Sprouts Farmers Market, Inc. will post 5.57 earnings per share for the current fiscal year.
About Sprouts Farmers Market
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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