The Manufacturers Life Insurance Company Acquires 11,918 Shares of Sprouts Farmers Market, Inc. $SFM

The Manufacturers Life Insurance Company grew its holdings in Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 21.0% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 68,612 shares of the company’s stock after purchasing an additional 11,918 shares during the period. The Manufacturers Life Insurance Company’s holdings in Sprouts Farmers Market were worth $5,292,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in SFM. Vanguard Group Inc. grew its position in Sprouts Farmers Market by 0.3% in the fourth quarter. Vanguard Group Inc. now owns 9,913,415 shares of the company’s stock valued at $789,802,000 after purchasing an additional 28,951 shares in the last quarter. State Street Corp grew its holdings in shares of Sprouts Farmers Market by 2.4% in the 4th quarter. State Street Corp now owns 3,115,029 shares of the company’s stock valued at $248,174,000 after acquiring an additional 71,905 shares in the last quarter. Bank of America Corp DE increased its position in shares of Sprouts Farmers Market by 137.0% in the second quarter. Bank of America Corp DE now owns 2,584,923 shares of the company’s stock valued at $425,582,000 after acquiring an additional 1,494,014 shares during the last quarter. Morgan Stanley raised its holdings in Sprouts Farmers Market by 51.0% during the fourth quarter. Morgan Stanley now owns 2,098,249 shares of the company’s stock worth $167,168,000 after acquiring an additional 708,529 shares in the last quarter. Finally, Norges Bank bought a new stake in Sprouts Farmers Market during the fourth quarter worth about $161,398,000.

Insider Activity at Sprouts Farmers Market

In other news, COO Nicholas Konat sold 12,538 shares of the business’s 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 completion of the sale, the chief operating officer 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 legal filing with the SEC, which is available at this hyperlink. Also, CEO Jack Sinclair sold 10,788 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, 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 position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 55,692 shares of company stock valued at $4,776,971 over the last 90 days. Company insiders own 1.30% of the company’s stock.

Sprouts Farmers Market Price Performance

Shares of SFM opened at $87.20 on Friday. The company’s 50-day moving average is $81.79 and its 200-day moving average is $78.24. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.99 and a quick ratio of 0.43. The firm has a market capitalization of $8.13 billion, a PE ratio of 16.70, a PEG ratio of 2.11 and a beta of 0.68. Sprouts Farmers Market, Inc. has a fifty-two week low of $64.75 and a fifty-two week high of $153.75.

Sprouts Farmers Market (NASDAQ:SFM) last announced its earnings results on Wednesday, July 29th. The company reported $1.37 EPS for the quarter, topping 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 business had revenue of $2.33 billion during the quarter, compared to the consensus estimate of $2.32 billion. During the same quarter in the previous year, the firm posted $1.35 EPS. Sprouts Farmers Market’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. Equities analysts forecast that Sprouts Farmers Market, Inc. will post 5.55 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. UBS Group raised their price target on Sprouts Farmers Market from $80.00 to $86.00 and gave the company a “neutral” rating in a research note on Thursday, July 30th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $84.00 price objective on shares of Sprouts Farmers Market in a report on Thursday, July 30th. Roth Capital set a $82.00 target price on shares of Sprouts Farmers Market in a report on Friday, July 31st. Royal Bank Of Canada restated an “outperform” rating and set a $114.00 target price on shares of Sprouts Farmers Market in a report on Monday, June 1st. Finally, JPMorgan Chase & Co. raised shares of Sprouts Farmers Market from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $80.00 to $103.00 in a research report on Thursday, July 30th. Seven equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $91.58.

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.