Sprouts Farmers Market, Inc. $SFM Stock: Reinhart Partners LLC. Increases Stake

Reinhart Partners LLC. raised its stake in Sprouts Farmers Market, Inc. (NASDAQ:SFM – Free Report) by 33.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 82,839 shares of the company’s stock after acquiring an additional 20,581 shares during the quarter. Reinhart Partners LLC. owned approximately 0.09% of Sprouts Farmers Market worth $5,496,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the stock. Legacy Wealth Asset Management LLC grew its holdings in Sprouts Farmers Market by 66.8% during the 3rd quarter. Legacy Wealth Asset Management LLC now owns 9,305 shares of the company’s stock worth $617,000 after acquiring an additional 3,727 shares during the last quarter. Gradient Investments LLC acquired a new stake in Sprouts Farmers Market in the third quarter valued at $818,000. Versant Capital Management Inc lifted its holdings in Sprouts Farmers Market by 104.0% during the 3rd quarter. Versant Capital Management Inc now owns 714 shares of the company’s stock worth $47,000 after buying an additional 364 shares during the period. Sarver Vrooman Wealth Advisors bought a new stake in shares of Sprouts Farmers Market in the 3rd quarter valued at about $33,000. Finally, QRG Capital Management Inc. increased its stake in shares of Sprouts Farmers Market by 13.3% in the second quarter. QRG Capital Management Inc. now owns 2,991 shares of the company’s stock valued at $253,000 after buying an additional 350 shares during the period.

Insider Activity

In other Sprouts Farmers Market news, Director Joseph D. O’leary sold 2,597 shares of the 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 completion of the transaction, the director owned 14,710 shares in the company, valued at $1,214,604.70. This trade represents a 15.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Jack Sinclair sold 10,788 shares of Sprouts Farmers Market stock in a transaction dated Monday, October 5th. The stock was sold at an average price of $64.48, for a total transaction of $695,610.24. Following the completion of the transaction, the chief executive officer owned 269,980 shares of the company’s stock, valued at $17,408,310.40. The trade was a 3.84% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 46,041 shares of company stock valued at $3,460,383. 1.30% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on SFM shares. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Sprouts Farmers Market from $84.00 to $77.00 and set a “hold” rating on the stock in a report on Friday, September 25th. Evercore reissued an “outperform” rating and issued a $95.00 price objective on shares of Sprouts Farmers Market in a research note on Tuesday, September 1st. JPMorgan Chase & Co. lowered their target price on Sprouts Farmers Market from $103.00 to $90.00 and set an “overweight” rating for the company in a report on Tuesday. Roth Capital set a $82.00 price target on Sprouts Farmers Market in a research note on Friday, July 31st. Finally, UBS Group reiterated a “neutral” rating on shares of Sprouts Farmers Market in a research note on Wednesday, September 23rd. Seven analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Sprouts Farmers Market presently has an average rating of “Hold” and a consensus price target of $90.58.

Check Out Our Latest Stock Analysis on SFM

Sprouts Farmers Market Price Performance

Sprouts Farmers Market stock opened at $65.14 on Friday. Sprouts Farmers Market, Inc. has a 52 week low of $61.88 and a 52 week high of $114.34. The company’s 50 day moving average price is $75.85 and its two-hundred day moving average price is $78.77. The stock has a market cap of $6.07 billion, a P/E ratio of 12.48, a P/E/G ratio of 1.68 and a beta of 0.67. The company has a quick ratio of 0.43, a current ratio of 0.99 and a debt-to-equity ratio of 0.07.

Sprouts Farmers Market (NASDAQ:SFM – Get Free Report) last posted its quarterly earnings results on Wednesday, July 29th. The company reported $1.37 earnings per share for the quarter, beating the consensus estimate of $1.35 by $0.02. Sprouts Farmers Market had a net margin of 5.58% and a return on equity of 34.84%. The company had revenue of $2.33 billion during the quarter, compared to analyst estimates of $2.32 billion. During the same quarter in the prior year, the business earned $1.35 earnings per share. The firm’s revenue for the quarter 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 analysts predict that Sprouts Farmers Market, Inc. will post 5.52 earnings per share for the current year.

Sprouts Farmers Market Profile

(Free Report)

Sprouts Farmers Market, Inc operates a specialty grocery chain focused on fresh, natural and organic products. Its stores offer fresh produce, meat and seafood, dairy, bakery and deli items, bulk foods, vitamins and supplements, packaged groceries, and a range of plant-based and health-oriented products.

Founded in 2002, Sprouts Farmers Market was developed around a farmers-market-inspired shopping experience, with an emphasis on value, fresh foods and products aligned with healthy lifestyles.

Further Reading

Institutional Ownership by Quarter for Sprouts Farmers Market (NASDAQ:SFM)

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