Sprouts Farmers Market, Inc. $SFM Shares Sold by Tidal Investments LLC

by · The Cerbat Gem

Tidal Investments LLC decreased its stake in Sprouts Farmers Market, Inc. (NASDAQ:SFM – Free Report) by 36.2% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 27,114 shares of the company’s stock after selling 15,405 shares during the quarter. Tidal Investments LLC’s holdings in Sprouts Farmers Market were worth $2,293,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. BlackRock Inc. purchased a new position in Sprouts Farmers Market in the 2nd quarter worth approximately $768,171,000. Norges Bank purchased a new stake in shares of Sprouts Farmers Market during the fourth quarter valued at approximately $161,398,000. Barrow Hanley Mewhinney & Strauss LLC acquired a new position in shares of Sprouts Farmers Market during the second quarter worth $131,310,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Sprouts Farmers Market by 8.2% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,464,015 shares of the company’s stock valued at $123,826,000 after purchasing an additional 111,574 shares during the period. Finally, Swedbank AB purchased a new position in shares of Sprouts Farmers Market in the first quarter valued at $121,906,000.

Wall Street Analysts Forecast Growth

SFM has been the topic of several analyst reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Sprouts Farmers Market in a research note on Wednesday, June 24th. Roth Capital set a $82.00 price objective on shares of Sprouts Farmers Market in a research report on Friday, July 31st. Royal Bank Of Canada restated an “outperform” rating and set a $114.00 target price on shares of Sprouts Farmers Market in a research note on Monday, June 1st. UBS Group lifted their target price on Sprouts Farmers Market from $80.00 to $86.00 and gave the stock a “neutral” rating in a research report on Thursday, July 30th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $84.00 price target on shares of Sprouts Farmers Market in a research note on Thursday, July 30th. 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 data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $92.25.

Read Our Latest Research Report on SFM

Sprouts Farmers Market Stock Down 3.3%

Shares of NASDAQ:SFM opened at $71.06 on Thursday. The company has a current ratio of 0.99, a quick ratio of 0.43 and a debt-to-equity ratio of 0.07. The company has a fifty day simple moving average of $79.79 and a 200 day simple moving average of $80.32. The firm has a market cap of $6.63 billion, a PE ratio of 13.61, a price-to-earnings-growth ratio of 1.82 and a beta of 0.67. Sprouts Farmers Market, Inc. has a 12-month low of $64.75 and a 12-month high of $126.85.

Sprouts Farmers Market (NASDAQ:SFM – Get Free Report) last posted its quarterly earnings data on Wednesday, July 29th. The company reported $1.37 EPS for the quarter, beating analysts’ consensus estimates of $1.35 by $0.02. The firm 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 5.58% and a return on equity of 34.84%. The firm’s revenue was up 4.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $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. On average, equities research analysts anticipate that Sprouts Farmers Market, Inc. will post 5.55 EPS for the current fiscal year.

Insider Transactions at Sprouts Farmers Market

In related news, CEO Jack Sinclair sold 10,788 shares of Sprouts Farmers Market stock in a transaction dated Tuesday, September 1st. The stock was sold at an average price of $82.66, for a total value of $891,736.08. Following the completion of the transaction, the chief executive officer directly owned 269,980 shares in the company, valued at approximately $22,316,546.80. This trade represents a 3.84% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Joseph D. O’leary sold 2,597 shares of the business’s stock in a transaction dated Friday, August 14th. The shares were sold at an average price of $82.57, for a total value of $214,434.29. Following the completion of the sale, the director directly owned 14,710 shares of the company’s stock, valued at approximately $1,214,604.70. This represents a 15.01% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 35,253 shares of company stock worth $2,981,611. Company insiders own 1.30% of the company’s stock.

About Sprouts Farmers Market

(Free Report)

Sprouts Farmers Market, Inc operates a specialty grocery chain focused on fresh, natural and organic foods. Its stores offer produce, meat and seafood, dairy and refrigerated products, bakery items, prepared foods, bulk goods, vitamins and supplements, and other better-for-you grocery products. The company also provides private-label merchandise and products designed to meet a range of dietary preferences, including plant-based and gluten-free options.

Sprouts was founded in 2002, with its first store opening 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).