The Manufacturers Life Insurance Company Acquires Shares of 65,810 Sprouts Farmers Market, Inc. $SFM

The Manufacturers Life Insurance Company acquired a new stake in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) during the second quarter, Holdings Channel.com reports. The fund acquired 65,810 shares of the company’s stock, valued at approximately $5,566,000.

Other large investors have also added to or reduced their stakes in the company. Signet Financial Management LLC acquired a new position in shares of Sprouts Farmers Market in the first quarter worth about $2,938,000. Northwestern Mutual Wealth Management Co. grew its stake in Sprouts Farmers Market by 260.7% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 24,644 shares of the company’s stock valued at $1,963,000 after purchasing an additional 17,812 shares in the last quarter. Mawer Investment Management Ltd. acquired a new stake in Sprouts Farmers Market during the 4th quarter valued at approximately $7,737,000. Eurizon Capital SGR S.p.A. purchased a new stake in Sprouts Farmers Market during the 4th quarter worth approximately $4,841,000. Finally, Fulcrum Asset Management LLP purchased a new stake in Sprouts Farmers Market during the 4th quarter worth approximately $1,333,000.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Sprouts Farmers Market in a research report on Wednesday, June 24th. Royal Bank Of Canada restated an “outperform” rating and issued a $114.00 price target on shares of Sprouts Farmers Market in a research note on Monday, June 1st. UBS Group upped their price target on shares of Sprouts Farmers Market from $80.00 to $86.00 and gave the company a “neutral” rating in a report on Thursday, July 30th. JPMorgan Chase & Co. upgraded shares of Sprouts Farmers Market from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $80.00 to $103.00 in a research note on Thursday, July 30th. Finally, Roth Capital set a $82.00 price objective on shares of Sprouts Farmers Market in a report on Friday, July 31st. Seven equities research 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’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $91.58.

Sprouts Farmers Market Trading Up 0.7%

Shares of NASDAQ SFM opened at $82.04 on Tuesday. The stock’s 50 day moving average price is $81.85 and its two-hundred day moving average price is $79.77. Sprouts Farmers Market, Inc. has a 52-week low of $64.75 and a 52-week high of $141.78. The stock has a market capitalization of $7.65 billion, a P/E ratio of 15.72, a PEG ratio of 2.02 and a beta of 0.68. The company has a quick ratio of 0.43, a current ratio of 0.99 and a debt-to-equity ratio of 0.07.

Sprouts Farmers Market (NASDAQ:SFM) last released its earnings results on Wednesday, July 29th. The company reported $1.37 EPS for the quarter, topping analysts’ consensus estimates of $1.35 by $0.02. The company had revenue of $2.33 billion for the quarter, compared to the consensus estimate of $2.32 billion. Sprouts Farmers Market had a return on equity of 34.84% and a net margin of 5.58%.Sprouts Farmers Market’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same quarter last year, the business posted $1.35 EPS. 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. On average, analysts anticipate that Sprouts Farmers Market, Inc. will post 5.55 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Jack Sinclair sold 10,790 shares of the business’s stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $82.04, for a total transaction of $885,211.60. Following the completion of the sale, the chief executive officer owned 269,980 shares of the company’s stock, valued at $22,149,159.20. This represents a 3.84% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Joseph D. O’leary sold 2,597 shares of the firm’s stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $82.57, for a total transaction of $214,434.29. Following the completion of the transaction, the director directly owned 14,710 shares in the company, valued at $1,214,604.70. This represents a 15.01% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 58,289 shares of company stock valued at $4,991,405 over the last 90 days. 1.30% of the stock is owned by company insiders.

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.