Pictet Asset Management Holding SA Has $12.49 Million Stock Holdings in Sprouts Farmers Market, Inc. $SFM

Pictet Asset Management Holding SA decreased its position in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 72.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 161,918 shares of the company’s stock after selling 423,696 shares during the quarter. Pictet Asset Management Holding SA’s holdings in Sprouts Farmers Market were worth $12,489,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of SFM. MML Investors Services LLC grew its holdings in Sprouts Farmers Market by 0.6% during the second quarter. MML Investors Services LLC now owns 20,287 shares of the company’s stock valued at $3,340,000 after purchasing an additional 124 shares during the period. Advisory Services Network LLC raised 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 worth $2,044,000 after purchasing an additional 139 shares during the period. Clearstead Advisors LLC boosted its position in shares of Sprouts Farmers Market by 72.7% during the fourth quarter. Clearstead Advisors LLC now owns 380 shares of the company’s stock worth $30,000 after purchasing an additional 160 shares in the last quarter. NorthCrest Asset Manangement LLC boosted its position in shares of Sprouts Farmers Market by 1.8% during the fourth quarter. NorthCrest Asset Manangement LLC now owns 8,943 shares of the company’s stock worth $715,000 after purchasing an additional 162 shares in the last quarter. Finally, Arkadios Wealth Advisors grew its holdings in shares of Sprouts Farmers Market by 4.3% in the 4th quarter. Arkadios Wealth Advisors now owns 4,106 shares of the company’s stock valued at $327,000 after buying an additional 171 shares during the period.

Insiders Place Their Bets

In other news, insider Brandon F. Lombardi sold 406 shares of Sprouts Farmers Market stock in a transaction dated Friday, May 1st. The shares were sold at an average price of $82.04, for a total value of $33,308.24. Following the completion of the transaction, the insider owned 6,801 shares of the company’s stock, valued at $557,954.04. This trade represents a 5.63% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Jack Sinclair sold 10,788 shares of the business’s stock in a transaction dated Monday, June 8th. The stock was sold at an average price of $86.92, for a total transaction of $937,692.96. Following the transaction, the chief executive officer owned 269,980 shares in the company, valued at $23,466,661.60. This represents a 3.84% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 34,522 shares of company stock valued at $2,958,303. 1.30% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

SFM has been the subject of a number of recent analyst reports. Royal Bank Of Canada restated an “outperform” rating and issued a $114.00 price objective on shares of Sprouts Farmers Market in a research report on Monday, June 1st. JPMorgan Chase & Co. boosted their target price on Sprouts Farmers Market from $77.00 to $78.00 and gave the company a “neutral” rating in a research note on Thursday, April 30th. Melius Research downgraded Sprouts Farmers Market from a “hold” rating to a “sell” rating and set a $70.00 price target for the company. in a report on Monday, April 6th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Sprouts Farmers Market in a research report on Wednesday, June 24th. Finally, Evercore restated an “outperform” rating on shares of Sprouts Farmers Market in a report on Thursday, April 30th. Seven investment 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 a consensus price target of $96.08.

Sprouts Farmers Market Trading Up 3.7%

Sprouts Farmers Market stock opened at $89.94 on Friday. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.92 and a quick ratio of 0.42. The firm has a 50-day moving average of $82.71 and a 200-day moving average of $78.11. The company has a market cap of $8.46 billion, a price-to-earnings ratio of 17.30, a P/E/G ratio of 1.83 and a beta of 0.67. Sprouts Farmers Market, Inc. has a one year low of $64.75 and a one year high of $171.15.

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

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.