Vestcor Inc Has $10.19 Million Stock Holdings in Sprouts Farmers Market, Inc. $SFM

Vestcor Inc trimmed its holdings in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 26.2% in the third quarter, Holdings Channel.com reports. The fund owned 93,637 shares of the company’s stock after selling 33,287 shares during the quarter. Vestcor Inc’s holdings in Sprouts Farmers Market were worth $10,188,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Bank of America Corp DE raised its position in 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 worth $425,582,000 after purchasing an additional 1,494,014 shares in the last quarter. Norges Bank bought a new position in Sprouts Farmers Market during the second quarter worth about $198,080,000. Qube Research & Technologies Ltd boosted its holdings in Sprouts Farmers Market by 157.3% during the second quarter. Qube Research & Technologies Ltd now owns 1,248,891 shares of the company’s stock valued at $205,617,000 after purchasing an additional 763,422 shares in the last quarter. Invesco Ltd. grew its stake in shares of Sprouts Farmers Market by 52.8% in the 2nd quarter. Invesco Ltd. now owns 2,131,607 shares of the company’s stock valued at $350,948,000 after purchasing an additional 737,008 shares during the period. Finally, AMF Tjanstepension AB grew its stake in shares of Sprouts Farmers Market by 6,089.8% in the 3rd quarter. AMF Tjanstepension AB now owns 593,916 shares of the company’s stock valued at $64,618,000 after purchasing an additional 584,321 shares during the period.

Analyst Ratings Changes

Several research firms recently commented on SFM. BMO Capital Markets restated a “market perform” rating and set a $70.00 target price on shares of Sprouts Farmers Market in a research report on Friday, February 20th. Deutsche Bank Aktiengesellschaft cut Sprouts Farmers Market from a “buy” rating to a “hold” rating and set a $88.00 price target on the stock. in a research report on Thursday, January 8th. UBS Group dropped their price objective on Sprouts Farmers Market from $108.00 to $75.00 and set a “neutral” rating for the company in a research note on Wednesday, February 18th. Royal Bank Of Canada cut their price objective on Sprouts Farmers Market from $140.00 to $114.00 and set an “outperform” rating for the company in a report on Friday, February 20th. Finally, Bank of America reduced their target price on shares of Sprouts Farmers Market from $104.00 to $92.00 and set a “buy” rating on the stock in a research note on Friday, February 20th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat, Sprouts Farmers Market presently has an average rating of “Moderate Buy” and an average price target of $101.75.

Sprouts Farmers Market Stock Performance

NASDAQ:SFM opened at $80.25 on Monday. The stock has a market capitalization of $7.59 billion, a P/E ratio of 15.14, a price-to-earnings-growth ratio of 1.73 and a beta of 0.76. The company has a current ratio of 0.93, a quick ratio of 0.44 and a debt-to-equity ratio of 0.06. Sprouts Farmers Market, Inc. has a 1 year low of $64.75 and a 1 year high of $182.00. The firm has a 50 day moving average of $73.55 and a 200-day moving average of $92.58.

Sprouts Farmers Market (NASDAQ:SFM) last released its quarterly earnings results on Thursday, February 19th. The company reported $0.92 EPS for the quarter, topping analysts’ consensus estimates of $0.89 by $0.03. Sprouts Farmers Market had a return on equity of 38.21% and a net margin of 5.95%.The business had revenue of $2.15 billion for the quarter, compared to analyst estimates of $2.15 billion. During the same period in the prior year, the company earned $0.79 EPS. Sprouts Farmers Market’s revenue for the quarter was up 7.6% on a year-over-year basis. Sprouts Farmers Market has set its FY 2026 guidance at 5.280-5.440 EPS and its Q1 2026 guidance at 1.660-1.700 EPS. As a group, sell-side analysts anticipate that Sprouts Farmers Market, Inc. will post 4.29 EPS for the current fiscal year.

Insider Activity at Sprouts Farmers Market

In other news, CMO Alisa Gmelich sold 3,161 shares of the stock in a transaction on Friday, December 12th. The stock was sold at an average price of $79.39, for a total transaction of $250,951.79. Following the sale, the chief marketing officer owned 5,552 shares in the company, valued at approximately $440,773.28. This represents a 36.28% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.10% of the company’s stock.

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.