Bank of New York Mellon Corp Takes $55.71 Million Position in Sprouts Farmers Market, Inc. $SFM

Bank of New York Mellon Corp bought a new stake in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 658,702 shares of the company’s stock, valued at approximately $55,713,000.

Several other hedge funds also recently bought and sold shares of the company. MML Investors Services LLC lifted its holdings in Sprouts Farmers Market by 0.6% in the 2nd quarter. MML Investors Services LLC now owns 20,287 shares of the company’s stock worth $3,340,000 after purchasing an additional 124 shares in the last quarter. Advisory Services Network LLC raised its position in shares of Sprouts Farmers Market by 1.0% during the second quarter. Advisory Services Network LLC now owns 13,486 shares of the company’s stock valued at $2,044,000 after buying an additional 139 shares during the last quarter. Legacy Wealth Asset Management LLC boosted its position in shares of Sprouts Farmers Market by 2.9% during the second quarter. Legacy Wealth Asset Management LLC now owns 5,578 shares of the company’s stock worth $472,000 after acquiring an additional 155 shares during the last quarter. Clearstead Advisors LLC grew its stake in Sprouts Farmers Market by 72.7% during the fourth quarter. Clearstead Advisors LLC now owns 380 shares of the company’s stock valued at $30,000 after acquiring an additional 160 shares in the last quarter. Finally, Arkadios Wealth Advisors grew its stake in Sprouts Farmers Market by 4.3% during the fourth quarter. Arkadios Wealth Advisors now owns 4,106 shares of the company’s stock valued at $327,000 after acquiring an additional 171 shares in the last quarter.

Sprouts Farmers Market Stock Performance

Shares of NASDAQ:SFM opened at $86.83 on Thursday. Sprouts Farmers Market, Inc. has a 52 week low of $64.75 and a 52 week high of $145.58. The stock has a market capitalization of $8.10 billion, a P/E ratio of 16.63, a PEG ratio of 2.13 and a beta of 0.68. The firm has a fifty day simple moving average of $81.79 and a two-hundred day simple moving average of $79.44. 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 (NASDAQ:SFM) last announced its earnings results on Wednesday, July 29th. The company reported $1.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.35 by $0.02. Sprouts Farmers Market had a net margin of 5.58% and a return on equity of 34.84%. The firm 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 company earned $1.35 EPS. The business’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. On average, analysts expect that Sprouts Farmers Market, Inc. will post 5.55 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Jack Sinclair sold 10,788 shares of the business’s stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $86.80, for a total transaction of $936,398.40. Following the transaction, the chief executive officer owned 269,980 shares of the company’s stock, valued at approximately $23,434,264. The trade was a 3.84% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Nicholas Konat sold 12,538 shares of the business’s stock in a transaction that occurred on Thursday, June 11th. The shares were sold at an average price of $87.90, for a total value of $1,102,090.20. Following the transaction, the chief operating officer directly owned 66,119 shares in the company, valued at approximately $5,811,860.10. This represents a 15.94% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 58,289 shares of company stock valued at $4,991,405 over the last ninety days. 1.30% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several brokerages have commented on SFM. Evercore reiterated an “outperform” rating on shares of Sprouts Farmers Market in a research note on Monday, July 27th. Roth Capital set a $82.00 price objective on Sprouts Farmers Market in a research report on Friday, July 31st. 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 report on Thursday, July 30th. JPMorgan Chase & Co. raised Sprouts Farmers Market from a “neutral” rating to an “overweight” rating and increased their price target for the company from $80.00 to $103.00 in a research note on Thursday, July 30th. Finally, Royal Bank Of Canada restated an “outperform” rating and set a $114.00 price target on shares of Sprouts Farmers Market in a report on Monday, June 1st. Seven investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average 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.