Louisiana State Employees Retirement System Buys New Shares in Sprouts Farmers Market, Inc. $SFM

Louisiana State Employees Retirement System bought a new position in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 28,200 shares of the company’s stock, valued at approximately $2,175,000.

Other institutional investors and hedge funds have also modified their holdings of the company. TD Private Client Wealth LLC raised its stake in shares of Sprouts Farmers Market by 1,309.1% in the fourth quarter. TD Private Client Wealth LLC now owns 310 shares of the company’s stock valued at $25,000 after purchasing an additional 288 shares in the last quarter. Sound Income Strategies LLC acquired a new stake in Sprouts Farmers Market during the fourth quarter worth $27,000. Newbridge Financial Services Group Inc. acquired a new stake in Sprouts Farmers Market during the second quarter worth $29,000. Clearstead Advisors LLC increased its holdings in Sprouts Farmers Market by 72.7% in 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 during the period. Finally, Whittier Trust Co. of Nevada Inc. increased its holdings in Sprouts Farmers Market by 138.9% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 485 shares of the company’s stock valued at $37,000 after buying an additional 282 shares during the period.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on SFM shares. Weiss Ratings reissued a “hold (c)” rating on shares of Sprouts Farmers Market in a report on Wednesday, June 24th. Melius Research downgraded shares of Sprouts Farmers Market from a “hold” rating to a “sell” rating and set a $70.00 target price on the stock. in a research note on Monday, April 6th. Evercore reiterated an “outperform” rating on shares of Sprouts Farmers Market in a research report on Thursday, April 30th. JPMorgan Chase & Co. lifted their price target 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, Royal Bank Of Canada reaffirmed an “outperform” rating and set a $114.00 price objective on shares of Sprouts Farmers Market in a research note on Monday, June 1st. Seven analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Sprouts Farmers Market has an average rating of “Hold” and an average price target of $96.08.

Insider Activity

In other news, CEO Jack Sinclair sold 10,790 shares of the firm’s stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $82.04, for a total value of $885,211.60. Following the transaction, the chief executive officer owned 269,980 shares of the company’s stock, valued at approximately $22,149,159.20. This trade represents a 3.84% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available 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 Sprouts Farmers Market stock in a transaction that occurred on Thursday, June 11th. The stock was sold at an average price of $87.90, for a total transaction of $1,102,090.20. Following the sale, the chief operating officer owned 66,119 shares of the company’s stock, valued at approximately $5,811,860.10. This represents a 15.94% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 34,522 shares of company stock valued at $2,958,303. 1.30% of the stock is currently owned by insiders.

Sprouts Farmers Market Stock Down 0.4%

NASDAQ SFM opened at $81.85 on Tuesday. The stock has a market capitalization of $7.70 billion, a P/E ratio of 15.74, a price-to-earnings-growth ratio of 1.74 and a beta of 0.67. Sprouts Farmers Market, Inc. has a 52 week low of $64.75 and a 52 week high of $171.15. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.42 and a current ratio of 0.92. The stock has a fifty day moving average of $81.96 and a 200-day moving average of $77.96.

Sprouts Farmers Market (NASDAQ:SFM) last posted its quarterly earnings results on Wednesday, April 29th. The company reported $1.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.67 by $0.04. The business had revenue of $2.33 billion for the quarter, compared to analysts’ expectations of $2.32 billion. Sprouts Farmers Market had a return on equity of 36.06% and a net margin of 5.70%.The firm’s quarterly revenue was up 4.1% compared to the same quarter last year. During the same quarter last year, the business earned $1.81 earnings per share. 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, equities research analysts forecast that Sprouts Farmers Market, Inc. will post 5.57 EPS for the current year.

Sprouts Farmers Market Company 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.