Erste Asset Management GmbH Buys 6,000 Shares of Sprouts Farmers Market, Inc. $SFM

by · The Markets Daily

Erste Asset Management GmbH grew its stake in Sprouts Farmers Market, Inc. (NASDAQ:SFM – Free Report) by 90.8% in the fourth quarter, HoldingsChannel.com reports. The fund owned 12,610 shares of the company’s stock after acquiring an additional 6,000 shares during the period. Erste Asset Management GmbH’s holdings in Sprouts Farmers Market were worth $1,017,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Vanguard Group Inc. increased its stake in shares of Sprouts Farmers Market by 0.3% in the 4th quarter. Vanguard Group Inc. now owns 9,913,415 shares of the company’s stock valued at $789,802,000 after acquiring an additional 28,951 shares during the last quarter. Bank of America Corp DE increased its stake in shares of Sprouts Farmers Market by 137.0% in the 2nd quarter. Bank of America Corp DE now owns 2,584,923 shares of the company’s stock valued at $425,582,000 after acquiring an additional 1,494,014 shares during the last quarter. Nordea Investment Management AB increased its stake in shares of Sprouts Farmers Market by 39.1% in the 4th quarter. Nordea Investment Management AB now owns 2,323,216 shares of the company’s stock valued at $186,647,000 after acquiring an additional 653,206 shares during the last quarter. Norges Bank bought a new stake in shares of Sprouts Farmers Market in the 4th quarter valued at about $161,398,000. Finally, Voloridge Investment Management LLC increased its stake in shares of Sprouts Farmers Market by 652.7% in the 3rd quarter. Voloridge Investment Management LLC now owns 1,411,246 shares of the company’s stock valued at $153,544,000 after acquiring an additional 1,223,753 shares during the last quarter.

Insider Activity

In other Sprouts Farmers Market news, CEO Jack Sinclair sold 57,644 shares of the company’s stock in a transaction that occurred on Monday, March 16th. The stock was sold at an average price of $80.82, for a total transaction of $4,658,788.08. Following the completion of the transaction, the chief executive officer owned 277,935 shares of the company’s stock, valued at $22,462,706.70. This represents a 17.18% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider David Mcglinchey sold 4,872 shares of the company’s stock in a transaction that occurred on Monday, March 16th. The stock was 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. This trade represents a 9.09% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 151,734 shares of company stock worth $12,423,050. 1.30% of the stock is currently owned by insiders.

Sprouts Farmers Market Price Performance

NASDAQ SFM opened at $86.82 on Thursday. The business has a 50 day simple moving average of $80.16 and a 200 day simple moving average of $78.00. Sprouts Farmers Market, Inc. has a 52-week low of $64.75 and a 52-week high of $173.96. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.42 and a current ratio of 0.92. The stock has a market cap of $8.16 billion, a price-to-earnings ratio of 16.70, a PEG ratio of 1.79 and a beta of 0.67.

Sprouts Farmers Market (NASDAQ:SFM – Get Free Report) 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. 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 during the quarter, compared to analysts’ expectations of $2.32 billion. During the same period in the prior year, the business earned $1.81 EPS. Sprouts Farmers Market’s revenue for the quarter was up 4.1% compared to the same quarter last year. 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. Analysts anticipate that Sprouts Farmers Market, Inc. will post 5.57 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have recently commented on SFM shares. Bank of America lowered their price target on Sprouts Farmers Market from $104.00 to $92.00 and set a “buy” rating for the company in a research note on Friday, February 20th. The Goldman Sachs Group set a $111.00 price target on Sprouts Farmers Market in a research note on Friday, February 20th. Melius Research cut Sprouts Farmers Market from a “hold” rating to a “sell” rating and set a $70.00 price target for the company. in a research note on Monday, April 6th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $114.00 price target on shares of Sprouts Farmers Market in a research note on Monday, June 1st. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Sprouts Farmers Market in a research note on Friday, March 27th. Seven 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. According to MarketBeat.com, Sprouts Farmers Market has an average rating of “Hold” and a consensus target price of $96.08.

Read Our Latest Analysis on Sprouts Farmers Market

Sprouts Farmers Market Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding SFM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sprouts Farmers Market, Inc. (NASDAQ:SFM – Free Report).