Carmignac Gestion Sells 323,270 Shares of Sprouts Farmers Market, Inc. $SFM

Carmignac Gestion cut its stake in Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 46.3% in the 2nd quarter, Holdings Channel reports. The fund owned 375,200 shares of the company’s stock after selling 323,270 shares during the quarter. Carmignac Gestion’s holdings in Sprouts Farmers Market were worth $31,734,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in SFM. MML Investors Services LLC lifted its stake in Sprouts Farmers Market by 0.6% during the second 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 during the last quarter. Advisory Services Network LLC increased its position in shares of Sprouts Farmers Market by 1.0% during the 2nd quarter. Advisory Services Network LLC now owns 13,486 shares of the company’s stock valued at $2,044,000 after purchasing an additional 139 shares during the last quarter. Legacy Wealth Asset Management LLC increased its position in shares of Sprouts Farmers Market by 2.9% during the 2nd quarter. Legacy Wealth Asset Management LLC now owns 5,578 shares of the company’s stock valued at $472,000 after purchasing an additional 155 shares during the last quarter. Clearstead Advisors LLC raised its holdings in shares of Sprouts Farmers Market by 72.7% during the 4th quarter. Clearstead Advisors LLC now owns 380 shares of the company’s stock valued at $30,000 after buying an additional 160 shares in the last quarter. Finally, Arkadios Wealth Advisors raised its holdings in shares of Sprouts Farmers Market by 4.3% during the 4th quarter. Arkadios Wealth Advisors now owns 4,106 shares of the company’s stock valued at $327,000 after buying an additional 171 shares in the last quarter.

Insider Activity

In related news, CEO Jack Sinclair sold 10,788 shares of Sprouts Farmers Market 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 sale, the chief executive officer directly owned 269,980 shares in the company, valued at $23,434,264. The trade was a 3.84% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Joseph O’Leary sold 2,597 shares of the stock in a transaction on 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 owned 14,710 shares of the company’s stock, valued at approximately $1,214,604.70. This trade represents a 15.01% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 47,499 shares of company stock worth $4,060,237 in the last quarter. 1.30% of the stock is owned by company insiders.

Sprouts Farmers Market Trading Down 6.5%

Shares of NASDAQ:SFM traded down $5.29 on Tuesday, hitting $76.11. The company had a trading volume of 2,560,999 shares, compared to its average volume of 2,373,787. The firm’s 50-day simple moving average is $81.55 and its two-hundred day simple moving average is $80.21. The firm has a market capitalization of $7.10 billion, a price-to-earnings ratio of 14.58, a P/E/G ratio of 2.01 and a beta of 0.67. 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 1 year low of $64.75 and a 1 year high of $139.71.

Sprouts Farmers Market (NASDAQ:SFM) last announced its quarterly 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 company had revenue of $2.33 billion for the quarter, compared to analysts’ expectations of $2.32 billion. During the same quarter in the previous year, the company earned $1.35 earnings per share. Sprouts Farmers Market’s quarterly revenue was up 4.7% on a year-over-year basis. 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. Equities analysts anticipate that Sprouts Farmers Market, Inc. will post 5.55 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

SFM has been the subject of several research reports. Evercore reaffirmed an “outperform” rating and issued a $95.00 target price on shares of Sprouts Farmers Market in a research note on Tuesday, September 1st. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $84.00 price objective on shares of Sprouts Farmers Market in a research note on Thursday, July 30th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Sprouts Farmers Market in a report on Wednesday, June 24th. JPMorgan Chase & Co. upgraded shares of Sprouts Farmers Market from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $80.00 to $103.00 in a research report on Thursday, July 30th. Finally, UBS Group boosted their price target on shares of Sprouts Farmers Market from $80.00 to $86.00 and gave the stock a “neutral” rating in a research note on Thursday, July 30th. Seven 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.com, the stock has a consensus rating of “Hold” and a consensus target price of $92.25.

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.