Geode Capital Management LLC Trims Holdings in Sprouts Farmers Market, Inc. $SFM

Geode Capital Management LLC reduced its stake in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 3.4% during the 4th quarter, HoldingsChannel reports. The fund owned 1,966,244 shares of the company’s stock after selling 69,965 shares during the period. Geode Capital Management LLC’s holdings in Sprouts Farmers Market were worth $156,682,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the stock. MML Investors Services LLC lifted its holdings in shares of 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 during the period. Advisory Services Network LLC lifted its holdings in shares of Sprouts Farmers Market by 1.0% during the 2nd quarter. Advisory Services Network LLC now owns 13,486 shares of the company’s stock worth $2,044,000 after acquiring an additional 139 shares during the period. Smartleaf Asset Management LLC lifted its holdings in shares of Sprouts Farmers Market by 98.6% during the 3rd quarter. Smartleaf Asset Management LLC now owns 284 shares of the company’s stock worth $31,000 after acquiring an additional 141 shares during the period. Affinity Investment Advisors LLC lifted its holdings in shares of Sprouts Farmers Market by 8.0% during the 3rd quarter. Affinity Investment Advisors LLC now owns 2,157 shares of the company’s stock worth $235,000 after acquiring an additional 160 shares during the period. Finally, Clearstead Advisors LLC lifted its holdings in shares of Sprouts Farmers Market by 72.7% during the 4th quarter. Clearstead Advisors LLC now owns 380 shares of the company’s stock worth $30,000 after acquiring an additional 160 shares during the period.

Sprouts Farmers Market Stock Up 1.2%

SFM opened at $78.98 on Thursday. The firm has a 50 day moving average price of $79.39 and a 200 day moving average price of $77.90. The company has a market cap of $7.43 billion, a PE ratio of 15.19, a price-to-earnings-growth ratio of 1.65 and a beta of 0.67. Sprouts Farmers Market, Inc. has a 1 year low of $64.75 and a 1 year 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 posted its earnings results on Wednesday, April 29th. The company reported $1.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.67 by $0.04. The firm had revenue of $2.33 billion during the quarter, compared to the consensus estimate of $2.32 billion. Sprouts Farmers Market had a net margin of 5.70% and a return on equity of 36.06%. The company’s revenue was up 4.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.81 EPS. 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. Sell-side analysts expect that Sprouts Farmers Market, Inc. will post 5.57 earnings per share for the current year.

Insider Activity

In related news, insider Joseph L. Hurley sold 323 shares of the stock in a transaction that occurred on Friday, March 20th. The shares were sold at an average price of $83.97, for a total transaction of $27,122.31. Following the completion of the sale, the insider owned 28,282 shares of the company’s stock, valued at approximately $2,374,839.54. This represents a 1.13% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Jack Sinclair sold 3,201 shares of the stock in a transaction that occurred on Friday, March 20th. The stock was sold at an average price of $83.97, for a total transaction of $268,787.97. Following the sale, the chief executive officer directly owned 269,980 shares of the company’s stock, valued at approximately $22,670,220.60. This trade represents a 1.17% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 130,156 shares of company stock worth $10,600,146. Insiders own 1.30% of the company’s stock.

Wall Street Analysts Forecast Growth

SFM has been the topic of several recent analyst reports. BMO Capital Markets reiterated a “market perform” rating and set a $70.00 price objective on shares of Sprouts Farmers Market in a report on Friday, February 20th. Bank of America cut their price objective on shares of Sprouts Farmers Market from $104.00 to $92.00 and set a “buy” rating on the stock in a report on Friday, February 20th. Evercore reiterated an “outperform” rating on shares of Sprouts Farmers Market in a report on Thursday, April 30th. The Goldman Sachs Group set a $111.00 price objective on shares of Sprouts Farmers Market in a report on Friday, February 20th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Sprouts Farmers Market in a report on Friday, March 27th. Seven investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Sprouts Farmers Market has a consensus rating of “Hold” and a consensus 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.