Sprouts Farmers Market, Inc. $SFM Shares Sold by Truist Financial Corp

Truist Financial Corp lowered its holdings in Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 81.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 7,774 shares of the company’s stock after selling 33,332 shares during the quarter. Truist Financial Corp’s holdings in Sprouts Farmers Market were worth $619,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Chicago Partners Investment Group LLC increased its holdings in Sprouts Farmers Market by 1.0% in the third quarter. Chicago Partners Investment Group LLC now owns 10,457 shares of the company’s stock valued at $1,117,000 after buying an additional 102 shares in the last quarter. MML Investors Services LLC increased its holdings in Sprouts Farmers Market by 0.6% in the second quarter. MML Investors Services LLC now owns 20,287 shares of the company’s stock valued at $3,340,000 after buying an additional 124 shares in the last quarter. Advisory Services Network LLC increased its holdings in Sprouts Farmers Market by 1.0% in the second quarter. Advisory Services Network LLC now owns 13,486 shares of the company’s stock valued at $2,044,000 after buying an additional 139 shares in the last quarter. Smartleaf Asset Management LLC increased its holdings in Sprouts Farmers Market by 98.6% in the third quarter. Smartleaf Asset Management LLC now owns 284 shares of the company’s stock valued at $31,000 after buying an additional 141 shares in the last quarter. Finally, Affinity Investment Advisors LLC increased its holdings in Sprouts Farmers Market by 8.0% in the third quarter. Affinity Investment Advisors LLC now owns 2,157 shares of the company’s stock valued at $235,000 after buying an additional 160 shares in the last quarter.

Sprouts Farmers Market Stock Up 3.4%

Shares of NASDAQ SFM opened at $88.39 on Tuesday. The company’s 50-day simple moving average is $78.30 and its 200-day simple moving average is $77.67. Sprouts Farmers Market, Inc. has a 52-week low of $64.75 and a 52-week high of $182.00. The firm has a market cap of $8.31 billion, a price-to-earnings ratio of 17.00, a price-to-earnings-growth ratio of 1.81 and a beta of 0.68. 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 (NASDAQ:SFM) last announced its 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. Sprouts Farmers Market had a net margin of 5.70% and a return on equity of 36.06%. The business had revenue of $2.33 billion for the quarter, compared to analyst estimates of $2.32 billion. During the same quarter last year, the business earned $1.81 earnings per share. The company’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. Equities analysts predict that Sprouts Farmers Market, Inc. will post 5.57 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. JPMorgan Chase & Co. lifted 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. BMO Capital Markets reaffirmed a “market perform” rating and issued a $70.00 price objective on shares of Sprouts Farmers Market in a report on Friday, February 20th. Evercore reaffirmed an “outperform” rating on shares of Sprouts Farmers Market in a report on Thursday, April 30th. Roth Mkm reaffirmed a “neutral” rating and issued a $74.00 price objective on shares of Sprouts Farmers Market in a report on Friday, February 20th. Finally, UBS Group cut their price objective on shares of Sprouts Farmers Market from $108.00 to $75.00 and set a “neutral” rating for the company in a report on Wednesday, February 18th. Seven research 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 data from MarketBeat.com, Sprouts Farmers Market presently has a consensus rating of “Hold” and a consensus price target of $96.08.

Insiders Place Their Bets

In other news, CEO Jack Sinclair sold 3,201 shares of Sprouts Farmers Market stock in a transaction dated Friday, March 20th. The shares were sold at an average price of $83.97, for a total value of $268,787.97. Following the sale, the chief executive officer owned 269,980 shares in the company, valued at $22,670,220.60. This trade represents a 1.17% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Joseph L. Hurley sold 323 shares of Sprouts Farmers Market stock in a transaction dated Friday, March 20th. The shares were sold at an average price of $83.97, for a total transaction of $27,122.31. Following the completion of the sale, the insider owned 28,282 shares in the company, valued at approximately $2,374,839.54. This trade represents a 1.13% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 130,156 shares of company stock valued at $10,600,146. 1.30% of the stock is owned by company insiders.

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.