New York State Teachers Retirement System Sells 6,377 Shares of Sprouts Farmers Market, Inc. $SFM

New York State Teachers Retirement System reduced its position in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 7.1% in the first quarter, Holdings Channel reports. The fund owned 82,868 shares of the company’s stock after selling 6,377 shares during the quarter. New York State Teachers Retirement System’s holdings in Sprouts Farmers Market were worth $6,392,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of SFM. Focus Partners Wealth bought a new position in Sprouts Farmers Market during the first quarter valued at $400,000. Baird Financial Group Inc. increased its holdings in shares of Sprouts Farmers Market by 77.7% in the 2nd quarter. Baird Financial Group Inc. now owns 3,509 shares of the company’s stock worth $578,000 after buying an additional 1,534 shares during the last quarter. Cerity Partners LLC raised its position in shares of Sprouts Farmers Market by 13.1% during the 2nd quarter. Cerity Partners LLC now owns 22,554 shares of the company’s stock valued at $3,713,000 after buying an additional 2,609 shares in the last quarter. Daiwa Securities Group Inc. lifted its holdings in shares of Sprouts Farmers Market by 12.0% in the 2nd quarter. Daiwa Securities Group Inc. now owns 22,882 shares of the company’s stock valued at $3,767,000 after acquiring an additional 2,460 shares during the last quarter. Finally, NewEdge Advisors LLC grew its position in Sprouts Farmers Market by 64.0% in the second quarter. NewEdge Advisors LLC now owns 11,513 shares of the company’s stock worth $1,896,000 after acquiring an additional 4,492 shares in the last quarter.

Analyst Ratings Changes

Several brokerages have weighed in on SFM. Weiss Ratings reissued a “hold (c)” rating on shares of Sprouts Farmers Market in a research note on Wednesday, June 24th. Evercore reaffirmed an “outperform” rating on shares of Sprouts Farmers Market in a research note on Thursday, April 30th. Melius Research cut Sprouts Farmers Market from a “hold” rating to a “sell” rating and set a $70.00 target price for the company. in a report on Monday, April 6th. 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 report on Thursday, April 30th. Finally, Royal Bank Of Canada restated an “outperform” rating and issued a $114.00 price target on shares of Sprouts Farmers Market in a research report on Monday, June 1st. 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 company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $96.08.

Insider Activity at Sprouts Farmers Market

In other news, COO Nicholas Konat sold 12,538 shares of the business’s stock in a transaction on Thursday, June 11th. The shares were sold at an average price of $87.90, for a total transaction of $1,102,090.20. Following the completion of the sale, the chief operating officer directly owned 66,119 shares of the company’s stock, valued at approximately $5,811,860.10. The trade was a 15.94% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Brandon F. Lombardi sold 406 shares of the firm’s stock in a transaction dated Friday, May 1st. The stock was sold at an average price of $82.04, for a total transaction of $33,308.24. Following the completion of the transaction, the insider directly owned 6,801 shares in the company, valued at $557,954.04. This represents a 5.63% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 34,522 shares of company stock worth $2,958,303 in the last quarter. 1.30% of the stock is owned by company insiders.

Sprouts Farmers Market Stock Performance

Sprouts Farmers Market stock opened at $84.09 on Wednesday. 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 market capitalization of $7.91 billion, a P/E ratio of 16.17, a price-to-earnings-growth ratio of 1.83 and a beta of 0.67. Sprouts Farmers Market, Inc. has a 1-year low of $64.75 and a 1-year high of $171.15. The company’s 50-day moving average is $83.51 and its 200 day moving average is $78.25.

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. The business had revenue of $2.33 billion during 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 company’s revenue for the quarter was up 4.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.81 earnings per share. 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. Research analysts forecast that Sprouts Farmers Market, Inc. will post 5.57 EPS for the current year.

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.