Norges Bank Buys Shares of 2,025,830 Sprouts Farmers Market, Inc. $SFM

Norges Bank bought a new stake in Sprouts Farmers Market, Inc. (NASDAQ:SFM) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 2,025,830 shares of the company’s stock, valued at approximately $161,398,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. TD Private Client Wealth LLC grew its holdings in Sprouts Farmers Market by 1,309.1% in the 4th quarter. TD Private Client Wealth LLC now owns 310 shares of the company’s stock valued at $25,000 after buying an additional 288 shares during the last quarter. Sound Income Strategies LLC acquired a new stake in Sprouts Farmers Market in the 4th quarter valued at approximately $27,000. Newbridge Financial Services Group Inc. acquired a new stake in Sprouts Farmers Market in the 2nd quarter valued at approximately $29,000. Clearstead Advisors LLC grew its holdings in Sprouts Farmers Market by 72.7% in the 4th quarter. Clearstead Advisors LLC now owns 380 shares of the company’s stock valued at $30,000 after buying an additional 160 shares during the last quarter. Finally, Smartleaf Asset Management LLC grew its holdings in Sprouts Farmers Market by 98.6% in the 3rd quarter. Smartleaf Asset Management LLC now owns 284 shares of the company’s stock valued at $31,000 after buying an additional 141 shares during the last quarter.

Sprouts Farmers Market Stock Up 1.2%

Shares of NASDAQ SFM opened at $78.98 on Thursday. The stock has a market cap of $7.43 billion, a PE ratio of 15.19, a PEG ratio of 1.65 and a beta of 0.67. The business has a fifty day moving average of $79.39 and a two-hundred day moving average of $77.90. Sprouts Farmers Market, Inc. has a 52-week low of $64.75 and a 52-week high of $175.04. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.42 and a current ratio of 0.92.

Sprouts Farmers Market (NASDAQ:SFM) last issued its quarterly earnings data 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 company had revenue of $2.33 billion during the quarter, compared to analysts’ expectations of $2.32 billion. Sprouts Farmers Market had a return on equity of 36.06% and a net margin of 5.70%.The business’s revenue was up 4.1% on a year-over-year basis. During the same period last year, the business 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. As a group, equities research analysts expect that Sprouts Farmers Market, Inc. will post 5.57 earnings per share for the current fiscal year.

Insider Activity at Sprouts Farmers Market

In other Sprouts Farmers Market news, COO Nicholas Konat sold 10,123 shares of Sprouts Farmers Market stock in a transaction on Monday, March 16th. The stock was sold at an average price of $80.82, for a total transaction of $818,140.86. Following the completion of the transaction, the chief operating officer directly owned 80,139 shares of the company’s stock, valued at approximately $6,476,833.98. This trade represents a 11.22% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider David Mcglinchey sold 4,872 shares of Sprouts Farmers Market stock in a transaction on Monday, March 16th. The shares were sold at an average price of $80.82, for a total value of $393,755.04. Following the transaction, the insider directly owned 48,737 shares of the company’s stock, valued at approximately $3,938,924.34. The trade was a 9.09% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 130,156 shares of company stock valued at $10,600,146. Insiders own 1.30% of the company’s stock.

Analyst Ratings Changes

A number of research firms have issued reports on SFM. Evercore reaffirmed an “outperform” rating on shares of Sprouts Farmers Market in a report on Thursday, April 30th. Roth Mkm reaffirmed a “neutral” rating and issued a $74.00 target price on shares of Sprouts Farmers Market in a report on Friday, February 20th. Weiss Ratings reiterated a “hold (c)” rating on shares of Sprouts Farmers Market in a research report on Friday, March 27th. The Goldman Sachs Group set a $111.00 price objective on Sprouts Farmers Market in a research report on Friday, February 20th. Finally, Melius Research downgraded Sprouts Farmers Market from a “hold” rating to a “sell” rating and set a $70.00 price objective for the company. in a research report on Monday, April 6th. Seven 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. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $96.08.

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.