L2 Asset Management LLC Purchases Shares of 6,911 Sprouts Farmers Market, Inc. $SFM

L2 Asset Management LLC purchased a new position in Sprouts Farmers Market, Inc. (NASDAQ:SFM) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 6,911 shares of the company’s stock, valued at approximately $585,000.

A number of other large investors have also modified their holdings of the stock. BlackRock Inc. acquired a new position in Sprouts Farmers Market during the 2nd quarter worth $768,171,000. Norges Bank acquired a new stake in Sprouts Farmers Market in the 4th quarter valued at about $161,398,000. Swedbank AB acquired a new stake in Sprouts Farmers Market in the 1st quarter valued at about $121,906,000. Barrow Hanley Mewhinney & Strauss LLC purchased a new position in shares of Sprouts Farmers Market in the 2nd quarter valued at about $131,310,000. Finally, Bank of America Corp DE boosted its stake in shares of 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 buying an additional 1,494,014 shares during the period.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on SFM shares. UBS Group upped their target price 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. Evercore reiterated an “outperform” rating on shares of Sprouts Farmers Market in a report on Monday, July 27th. Roth Capital set a $82.00 price objective on shares of Sprouts Farmers Market in a research report on Friday, July 31st. Weiss Ratings restated a “hold (c)” rating on shares of Sprouts Farmers Market in a report on Wednesday, June 24th. Finally, JPMorgan Chase & Co. raised shares of Sprouts Farmers Market from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $80.00 to $103.00 in a research report on Thursday, July 30th. Seven analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $91.58.

Insider Buying and Selling

In other Sprouts Farmers Market news, CEO Jack Sinclair sold 10,788 shares of Sprouts Farmers Market stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $86.80, for a total value of $936,398.40. Following the transaction, the chief executive officer directly owned 269,980 shares in the company, valued at approximately $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 can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Nicholas Konat sold 12,538 shares of the company’s stock in a transaction dated 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 sale, the chief operating officer directly owned 66,119 shares of the company’s stock, valued at $5,811,860.10. The trade was a 15.94% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 58,289 shares of company stock worth $4,991,405 in the last 90 days. Company insiders own 1.30% of the company’s stock.

Sprouts Farmers Market Stock Down 0.2%

SFM opened at $85.95 on Wednesday. The stock has a market capitalization of $8.01 billion, a P/E ratio of 16.47, a price-to-earnings-growth ratio of 2.13 and a beta of 0.68. Sprouts Farmers Market, Inc. has a one year low of $64.75 and a one year high of $146.11. The business’s 50-day simple moving average is $81.65 and its 200-day simple moving average is $79.30. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.43 and a current ratio of 0.99.

Sprouts Farmers Market (NASDAQ:SFM) last issued its quarterly earnings data on Wednesday, July 29th. The company reported $1.37 earnings per share for the quarter, beating analysts’ consensus estimates of $1.35 by $0.02. The company had revenue of $2.33 billion during the quarter, compared to analysts’ expectations of $2.32 billion. Sprouts Farmers Market had a return on equity of 34.84% and a net margin of 5.58%.The firm’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.35 earnings per share. 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. Analysts anticipate that Sprouts Farmers Market, Inc. will post 5.55 EPS for the current year.

Sprouts Farmers Market Profile

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.