Illinois Municipal Retirement Fund Buys 12,834 Shares of Sprouts Farmers Market, Inc. $SFM

Illinois Municipal Retirement Fund grew its stake in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 31.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 54,165 shares of the company’s stock after acquiring an additional 12,834 shares during the period. Illinois Municipal Retirement Fund owned 0.06% of Sprouts Farmers Market worth $4,178,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Norges Bank bought a new position in shares of Sprouts Farmers Market during the fourth quarter worth approximately $161,398,000. Swedbank AB bought a new stake in Sprouts Farmers Market in the 1st quarter valued at $121,906,000. Bank of America Corp DE boosted its stake in Sprouts Farmers Market by 137.0% in the 2nd quarter. Bank of America Corp DE now owns 2,584,923 shares of the company’s stock valued at $425,582,000 after purchasing an additional 1,494,014 shares during the period. Voloridge Investment Management LLC grew its holdings in Sprouts Farmers Market by 652.7% in the 3rd quarter. Voloridge Investment Management LLC now owns 1,411,246 shares of the company’s stock valued at $153,544,000 after buying an additional 1,223,753 shares in the last quarter. Finally, Champlain Investment Partners LLC acquired a new position in Sprouts Farmers Market in the 4th quarter valued at $81,557,000.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on SFM shares. Melius Research downgraded Sprouts Farmers Market from a “hold” rating to a “sell” rating and set a $70.00 target price for the company. in a report on Monday, April 6th. Weiss Ratings restated a “hold (c)” rating on shares of Sprouts Farmers Market in a research note on Wednesday, June 24th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $114.00 price target on shares of Sprouts Farmers Market in a research report on Monday, June 1st. JPMorgan Chase & Co. boosted their price objective on shares of Sprouts Farmers Market from $77.00 to $78.00 and gave the company a “neutral” rating in a report on Thursday, April 30th. Finally, Evercore restated an “outperform” rating on shares of Sprouts Farmers Market in a research report on Thursday, April 30th. Seven analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Sprouts Farmers Market currently has a consensus rating of “Hold” and an average price target of $96.08.

Sprouts Farmers Market Price Performance

SFM stock opened at $75.78 on Friday. The company has a quick ratio of 0.42, a current ratio of 0.92 and a debt-to-equity ratio of 0.07. Sprouts Farmers Market, Inc. has a 12 month low of $64.75 and a 12 month high of $170.49. The firm has a market cap of $7.13 billion, a P/E ratio of 14.57, a P/E/G ratio of 1.60 and a beta of 0.67. The company’s 50-day moving average price is $83.57 and its two-hundred day moving average price is $78.13.

Sprouts Farmers Market (NASDAQ:SFM) last issued its earnings results on Wednesday, April 29th. The company reported $1.71 EPS for the quarter, beating the consensus estimate of $1.67 by $0.04. Sprouts Farmers Market had a net margin of 5.70% and a return on equity of 36.06%. The company had revenue of $2.33 billion during the quarter, compared to analysts’ expectations of $2.32 billion. During the same period in the previous year, the company earned $1.81 EPS. The business’s revenue for the quarter was up 4.1% compared to the same quarter last year. Sprouts Farmers Market has set its FY 2026 guidance at 5.320-5.480 EPS and its Q2 2026 guidance at 1.320-1.360 EPS. On average, analysts anticipate that Sprouts Farmers Market, Inc. will post 5.57 earnings per share for the current fiscal year.

Insider Buying and Selling at Sprouts Farmers Market

In other Sprouts Farmers Market news, 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 transaction of $1,102,090.20. Following the completion of the transaction, the chief operating officer directly owned 66,119 shares in the company, valued at $5,811,860.10. The trade was a 15.94% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Jack Sinclair sold 10,790 shares of the company’s stock in a transaction on Friday, June 5th. The stock was sold at an average price of $82.04, for a total value of $885,211.60. Following the sale, the chief executive officer owned 269,980 shares of the company’s stock, valued at $22,149,159.20. The trade was a 3.84% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 45,310 shares of company stock worth $3,873,881 over the last three months. Corporate insiders own 1.30% of the company’s stock.

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.