Keebeck Wealth Management Makes New Investment in Sprouts Farmers Market, Inc. $SFM

Keebeck Wealth Management purchased a new stake in Sprouts Farmers Market, Inc. (NASDAQ:SFM) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 6,183 shares of the company’s stock, valued at approximately $523,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in Sprouts Farmers Market by 0.3% in the fourth 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. BlackRock Inc. purchased a new position in Sprouts Farmers Market in the second quarter worth approximately $768,171,000. State Street Corp increased its stake in Sprouts Farmers Market by 2.4% during the fourth quarter. State Street Corp now owns 3,115,029 shares of the company’s stock worth $248,174,000 after acquiring an additional 71,905 shares during the last quarter. Bank of America Corp DE increased its stake in Sprouts Farmers Market by 137.0% during the second quarter. Bank of America Corp DE now owns 2,584,923 shares of the company’s stock worth $425,582,000 after acquiring an additional 1,494,014 shares during the last quarter. Finally, Morgan Stanley increased its stake in Sprouts Farmers Market by 51.0% during the fourth quarter. Morgan Stanley now owns 2,098,249 shares of the company’s stock worth $167,168,000 after acquiring an additional 708,529 shares during the last quarter.

Sprouts Farmers Market Stock Up 3.4%

Shares of NASDAQ SFM opened at $81.08 on Friday. The firm has a market cap of $7.56 billion, a price-to-earnings ratio of 15.53, a PEG ratio of 1.94 and a beta of 0.68. The company has a quick ratio of 0.43, a current ratio of 0.99 and a debt-to-equity ratio of 0.07. Sprouts Farmers Market, Inc. has a 52-week low of $64.75 and a 52-week high of $149.66. The business’s 50 day moving average is $81.59 and its two-hundred day moving average is $78.99.

Sprouts Farmers Market (NASDAQ:SFM) last released 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. Sprouts Farmers Market had a return on equity of 34.84% and a net margin of 5.58%.The company had revenue of $2.33 billion for the quarter, compared to analysts’ expectations of $2.32 billion. During the same period in the prior year, the firm earned $1.35 earnings per share. The firm’s revenue was up 4.7% compared to the same quarter last year. 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. Research analysts predict that Sprouts Farmers Market, Inc. will post 5.55 EPS for the current year.

Insider Activity at Sprouts Farmers Market

In other Sprouts Farmers Market news, Director Joseph D. O’leary sold 2,597 shares of Sprouts Farmers Market stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $82.57, for a total value of $214,434.29. Following the completion of the transaction, the director directly owned 14,710 shares of the company’s stock, valued at $1,214,604.70. The trade was a 15.01% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Jack Sinclair sold 10,788 shares of Sprouts Farmers Market stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $86.80, for a total value of $936,398.40. Following the completion of the transaction, the chief executive officer directly owned 269,980 shares of the company’s stock, valued at approximately $23,434,264. This represents a 3.84% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 58,289 shares of company stock worth $4,991,405. 1.30% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

SFM has been the topic of several recent analyst reports. JPMorgan Chase & Co. raised Sprouts Farmers Market from a “neutral” rating to an “overweight” rating and upped their price target for the company from $80.00 to $103.00 in a research note on Thursday, July 30th. Royal Bank Of Canada reissued an “outperform” rating and set a $114.00 price objective on shares of Sprouts Farmers Market in a research report on Monday, June 1st. Roth Capital set a $82.00 price objective on shares of Sprouts Farmers Market in a report on Friday, July 31st. UBS Group upped their target price on shares of Sprouts Farmers Market from $80.00 to $86.00 and gave the company a “neutral” rating in a research report on Thursday, July 30th. Finally, Evercore reaffirmed an “outperform” rating on shares of Sprouts Farmers Market in a research note on Monday, July 27th. Seven research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $91.58.

About Sprouts Farmers Market

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.