Reinhart Partners LLC. Buys 20,581 Shares of Sprouts Farmers Market, Inc. $SFM

by · The Markets Daily

Reinhart Partners LLC. increased its stake in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM – Free Report) by 33.1% during the third quarter, HoldingsChannel.com reports. The firm owned 82,839 shares of the company’s stock after buying an additional 20,581 shares during the period. Reinhart Partners LLC.’s holdings in Sprouts Farmers Market were worth $5,496,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in SFM. Legacy Wealth Asset Management LLC lifted its holdings in shares of Sprouts Farmers Market by 66.8% in the third quarter. Legacy Wealth Asset Management LLC now owns 9,305 shares of the company’s stock worth $617,000 after buying an additional 3,727 shares in the last quarter. Gradient Investments LLC purchased a new position in Sprouts Farmers Market during the third quarter valued at approximately $818,000. Versant Capital Management Inc grew its stake in Sprouts Farmers Market by 104.0% during the third quarter. Versant Capital Management Inc now owns 714 shares of the company’s stock valued at $47,000 after acquiring an additional 364 shares in the last quarter. Sarver Vrooman Wealth Advisors bought a new stake in Sprouts Farmers Market during the 3rd quarter worth approximately $33,000. Finally, QRG Capital Management Inc. increased its holdings in Sprouts Farmers Market by 13.3% during the 2nd quarter. QRG Capital Management Inc. now owns 2,991 shares of the company’s stock worth $253,000 after acquiring an additional 350 shares during the period.

Sprouts Farmers Market Trading Down 1.3%

Shares of Sprouts Farmers Market stock opened at $65.14 on Friday. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.99 and a quick ratio of 0.43. Sprouts Farmers Market, Inc. has a 1 year low of $61.88 and a 1 year high of $114.34. The firm has a market cap of $6.07 billion, a PE ratio of 12.48, a PEG ratio of 1.68 and a beta of 0.67. The company has a 50 day simple moving average of $75.85 and a two-hundred day simple moving average of $78.77.

Sprouts Farmers Market (NASDAQ:SFM – Get Free Report) last issued its quarterly earnings results on Wednesday, July 29th. The company reported $1.37 EPS for the quarter, topping analysts’ consensus estimates of $1.35 by $0.02. The firm had revenue of $2.33 billion for the quarter, compared to analyst estimates of $2.32 billion. Sprouts Farmers Market had a net margin of 5.58% and a return on equity of 34.84%. The business’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.35 EPS. 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. Analysts expect that Sprouts Farmers Market, Inc. will post 5.52 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Sprouts Farmers Market news, Director Joseph O’Leary sold 2,597 shares of the firm’s stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $82.57, for a total transaction of $214,434.29. Following the sale, 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 transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Jack Sinclair sold 10,788 shares of Sprouts Farmers Market stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $86.80, for a total value of $936,398.40. Following the sale, the chief executive officer directly owned 269,980 shares of the company’s stock, valued at approximately $23,434,264. This trade represents a 3.84% decrease in their position. The disclosure for this sale is available in the SEC filing. 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 worth $3,460,383. 1.30% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research analysts have commented on SFM shares. Deutsche Bank Aktiengesellschaft cut their price target on shares of Sprouts Farmers Market from $84.00 to $77.00 and set a “hold” rating for the company in a report on Friday, September 25th. Evercore reiterated an “outperform” rating and issued a $95.00 price objective on shares of Sprouts Farmers Market in a research report on Tuesday, September 1st. JPMorgan Chase & Co. lowered their price objective on Sprouts Farmers Market from $103.00 to $90.00 and set an “overweight” rating on the stock in a research report on Tuesday. Weiss Ratings reissued a “hold (c)” rating on shares of Sprouts Farmers Market in a research note on Monday, September 21st. Finally, UBS Group restated a “neutral” rating on shares of Sprouts Farmers Market in a research report on Wednesday, September 23rd. Seven equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $90.58.

View Our Latest Stock Analysis on Sprouts Farmers Market

About Sprouts Farmers Market

(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

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