Algert Global LLC Cuts Stake in Sprouts Farmers Market, Inc. $SFM

Algert Global LLC cut its holdings in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 29.3% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 92,195 shares of the company’s stock after selling 38,120 shares during the quarter. Algert Global LLC owned 0.09% of Sprouts Farmers Market worth $10,031,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Root Financial Partners LLC purchased a new position in Sprouts Farmers Market in the third quarter valued at $26,000. Newbridge Financial Services Group Inc. purchased a new stake in Sprouts Farmers Market during the 2nd quarter worth about $29,000. Smartleaf Asset Management LLC increased its holdings in Sprouts Farmers Market by 98.6% during the 3rd quarter. Smartleaf Asset Management LLC now owns 284 shares of the company’s stock worth $31,000 after purchasing an additional 141 shares during the period. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in Sprouts Farmers Market in the 3rd quarter valued at about $33,000. Finally, Abich Financial Wealth Management LLC acquired a new stake in Sprouts Farmers Market in the 3rd quarter valued at about $49,000.

Analysts Set New Price Targets

A number of brokerages have recently commented on SFM. Wall Street Zen downgraded Sprouts Farmers Market from a “buy” rating to a “hold” rating in a research report on Saturday, February 21st. Barclays reduced their target price on shares of Sprouts Farmers Market from $122.00 to $100.00 and set an “overweight” rating on the stock in a report on Wednesday, February 18th. Deutsche Bank Aktiengesellschaft cut shares of Sprouts Farmers Market from a “buy” rating to a “hold” rating and set a $88.00 price target for the company. in a report on Thursday, January 8th. The Goldman Sachs Group set a $111.00 price objective on shares of Sprouts Farmers Market in a research report on Friday, February 20th. Finally, Roth Mkm restated a “neutral” rating and issued a $74.00 price objective on shares of Sprouts Farmers Market in a report on Friday, February 20th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat, Sprouts Farmers Market currently has a consensus rating of “Moderate Buy” and an average target price of $101.75.

Insider Activity

In other news, Director Kristen E. Blum bought 1,325 shares of the firm’s stock in a transaction that occurred on Tuesday, March 10th. The stock was purchased at an average cost of $76.00 per share, with a total value of $100,700.00. Following the transaction, the director directly owned 54,407 shares in the company, valued at $4,134,932. This trade represents a 2.50% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Joel D. Anderson purchased 4,400 shares of the company’s stock in a transaction that occurred on Monday, March 9th. The shares were purchased at an average price of $77.17 per share, for a total transaction of $339,548.00. Following the purchase, the director directly owned 24,802 shares in the company, valued at $1,913,970.34. The trade was a 21.57% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Company insiders own 1.10% of the company’s stock.

Sprouts Farmers Market Stock Performance

Shares of Sprouts Farmers Market stock opened at $82.06 on Monday. The firm has a market capitalization of $7.76 billion, a P/E ratio of 15.48, a P/E/G ratio of 1.77 and a beta of 0.76. Sprouts Farmers Market, Inc. has a 52 week low of $64.75 and a 52 week high of $182.00. The company has a quick ratio of 0.44, a current ratio of 0.93 and a debt-to-equity ratio of 0.06. The firm’s 50 day moving average is $73.34 and its two-hundred day moving average is $90.20.

Sprouts Farmers Market (NASDAQ:SFM) last issued its quarterly earnings data on Thursday, February 19th. The company reported $0.92 earnings per share for the quarter, topping the consensus estimate of $0.89 by $0.03. Sprouts Farmers Market had a net margin of 5.95% and a return on equity of 38.21%. The business had revenue of $2.15 billion during the quarter, compared to the consensus estimate of $2.15 billion. During the same quarter in the previous year, the firm earned $0.79 EPS. The company’s revenue was up 7.6% compared to the same quarter last year. 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. Research analysts forecast that Sprouts Farmers Market, Inc. will post 4.29 EPS for the current fiscal year.

Sprouts Farmers Market 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.