Principal Financial Group Inc. Grows Holdings in Sprouts Farmers Market, Inc. $SFM

Principal Financial Group Inc. raised its holdings in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 45.5% in the 1st quarter, Holdings Channel reports. The firm owned 572,988 shares of the company’s stock after purchasing an additional 179,102 shares during the quarter. Principal Financial Group Inc.’s holdings in Sprouts Farmers Market were worth $44,195,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the stock. Newbridge Financial Services Group Inc. bought a new position in shares of Sprouts Farmers Market in the second quarter worth about $29,000. TD Private Client Wealth LLC lifted its holdings in Sprouts Farmers Market by 1,309.1% during 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 in the last quarter. Sound Income Strategies LLC purchased a new stake in Sprouts Farmers Market in the 4th quarter valued at about $27,000. Clearstead Advisors LLC boosted its position 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 period. Finally, FWL Investment Management LLC boosted its position in Sprouts Farmers Market by 72.5% in the 3rd quarter. FWL Investment Management LLC now owns 426 shares of the company’s stock valued at $46,000 after buying an additional 179 shares during the period.

Sprouts Farmers Market Stock Up 2.9%

NASDAQ:SFM opened at $75.78 on Friday. Sprouts Farmers Market, Inc. has a 1-year low of $64.75 and a 1-year high of $170.49. The company has a 50-day moving average of $83.57 and a 200 day moving average of $78.13. The firm has a market cap of $7.13 billion, a PE ratio of 14.57, a price-to-earnings-growth ratio of 1.56 and a beta of 0.67. 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 (NASDAQ:SFM) last posted its earnings results on Wednesday, April 29th. The company reported $1.71 EPS for the quarter, beating analysts’ consensus estimates of $1.67 by $0.04. The business had revenue of $2.33 billion for 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 for the quarter was up 4.1% on a year-over-year basis. During the same quarter last year, the firm posted $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. As a group, research analysts anticipate that Sprouts Farmers Market, Inc. will post 5.57 EPS for the current fiscal year.

Analyst Ratings Changes

SFM has been the topic of a number of research reports. Evercore reaffirmed an “outperform” rating on shares of Sprouts Farmers Market in a research report on Thursday, April 30th. JPMorgan Chase & Co. boosted their price target on Sprouts Farmers Market from $77.00 to $78.00 and gave the company a “neutral” rating in a report on Thursday, April 30th. Weiss Ratings reiterated a “hold (c)” rating on shares of Sprouts Farmers Market in a report on Wednesday, June 24th. Melius Research cut Sprouts Farmers Market from a “hold” rating to a “sell” rating and set a $70.00 price objective on the stock. in a research note on Monday, April 6th. Finally, Royal Bank Of Canada restated an “outperform” rating and set a $114.00 price objective on shares of Sprouts Farmers Market in a report on Monday, June 1st. Seven equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $96.08.

Insider Activity

In related news, CEO Jack Sinclair sold 10,790 shares of Sprouts Farmers Market stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $82.04, for a total transaction of $885,211.60. Following the transaction, the chief executive officer directly owned 269,980 shares of the company’s stock, valued at $22,149,159.20. This trade represents a 3.84% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Brandon F. Lombardi sold 406 shares of the business’s stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $82.04, for a total transaction of $33,308.24. Following the completion of the transaction, the insider directly owned 6,801 shares of the company’s stock, valued at $557,954.04. This trade represents a 5.63% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 45,310 shares of company stock worth $3,873,881. Corporate insiders own 1.30% of the company’s stock.

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.