Northstar Asset Management Inc. Has $1.39 Million Holdings in Sprouts Farmers Market, Inc. $SFM

Northstar Asset Management Inc. cut its stake in Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 28.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 16,436 shares of the company’s stock after selling 6,516 shares during the period. Northstar Asset Management Inc.’s holdings in Sprouts Farmers Market were worth $1,390,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. BlackRock Inc. bought a new position in Sprouts Farmers Market in the 2nd quarter worth approximately $768,171,000. Norges Bank bought a new position in Sprouts Farmers Market in the 4th quarter valued at $161,398,000. Swedbank AB bought a new position in Sprouts Farmers Market in the 1st quarter valued at $121,906,000. Barrow Hanley Mewhinney & Strauss LLC bought a new position in Sprouts Farmers Market in the 2nd quarter valued at $131,310,000. Finally, Bank of America Corp DE increased 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.

Sprouts Farmers Market Stock Up 0.5%

Sprouts Farmers Market stock opened at $81.46 on Friday. The firm has a market capitalization of $7.60 billion, a price-to-earnings ratio of 15.61, a PEG ratio of 2.01 and a beta of 0.68. The company’s 50 day simple moving average is $81.82 and its 200 day simple moving average is $79.55. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.99 and a quick ratio of 0.43. Sprouts Farmers Market, Inc. has a fifty-two week low of $64.75 and a fifty-two week high of $141.78.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on SFM shares. JPMorgan Chase & Co. upgraded Sprouts Farmers Market from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $80.00 to $103.00 in a research report on Thursday, July 30th. Roth Capital set a $82.00 price objective on 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 research report on Wednesday, June 24th. UBS Group raised their target price on shares of Sprouts Farmers Market from $80.00 to $86.00 and gave the company a “neutral” rating in a research note on Thursday, July 30th. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $84.00 price target on shares of Sprouts Farmers Market in a research note on Thursday, July 30th. Seven investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $91.58.

Insider Activity at Sprouts Farmers Market

In other Sprouts Farmers Market news, Director Joseph D. O’leary sold 2,597 shares of the business’s stock in a transaction dated 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 directly owned 14,710 shares of the company’s stock, valued at approximately $1,214,604.70. The trade was a 15.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jack Sinclair sold 10,788 shares of the stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $86.80, for a total value of $936,398.40. Following the completion of the sale, the chief executive officer owned 269,980 shares of the company’s stock, valued at $23,434,264. This trade represents a 3.84% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 58,289 shares of company stock worth $4,991,405 in the last quarter. Corporate insiders own 1.30% of the company’s stock.

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.