Keebeck Wealth Management Makes New $523,000 Investment in Sprouts Farmers Market, Inc. $SFM

Keebeck Wealth Management bought a new position in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 6,183 shares of the company’s stock, valued at approximately $523,000.

A number of other institutional investors have also recently modified their holdings of the business. BlackRock Inc. purchased a new position in shares of Sprouts Farmers Market in the 2nd quarter valued at about $768,171,000. Norges Bank acquired a new stake in Sprouts Farmers Market in the fourth quarter valued at approximately $161,398,000. Swedbank AB purchased a new stake in shares of Sprouts Farmers Market in the first quarter valued at approximately $121,906,000. Bank of America Corp DE increased its position in shares of 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 valued at $425,582,000 after buying an additional 1,494,014 shares in the last quarter. Finally, Voloridge Investment Management LLC raised its stake in shares of Sprouts Farmers Market by 652.7% during the 3rd quarter. Voloridge Investment Management LLC now owns 1,411,246 shares of the company’s stock worth $153,544,000 after buying an additional 1,223,753 shares during the period.

Insiders Place Their Bets

In related news, Director Joseph D. O’leary sold 2,597 shares of the stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $82.57, for a total value of $214,434.29. Following the completion of the sale, the director owned 14,710 shares of the company’s stock, valued at approximately $1,214,604.70. This trade represents a 15.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Jack Sinclair sold 10,790 shares of Sprouts Farmers Market stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $82.04, for a total value of $885,211.60. Following the transaction, the chief executive officer owned 269,980 shares in the company, valued at approximately $22,149,159.20. The trade was a 3.84% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 58,289 shares of company stock valued at $4,991,405 in the last ninety days. 1.30% of the stock is currently owned by corporate insiders.

Sprouts Farmers Market Price Performance

Shares of NASDAQ SFM opened at $81.08 on Friday. The firm has a 50-day simple moving average of $81.59 and a 200-day simple moving average of $78.99. The company has a quick ratio of 0.43, a current ratio of 0.99 and a debt-to-equity ratio of 0.07. The stock has a market capitalization of $7.56 billion, a price-to-earnings ratio of 15.53, a price-to-earnings-growth ratio of 1.94 and a beta of 0.68. Sprouts Farmers Market, Inc. has a 52 week low of $64.75 and a 52 week high of $149.66.

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

Analyst Ratings Changes

Several brokerages recently commented on SFM. JPMorgan Chase & Co. raised shares of Sprouts Farmers Market from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $80.00 to $103.00 in a report on Thursday, July 30th. UBS Group boosted their target price on shares of Sprouts Farmers Market from $80.00 to $86.00 and gave the stock a “neutral” rating in a research note on Thursday, July 30th. Royal Bank Of Canada restated an “outperform” rating and set a $114.00 price target on shares of Sprouts Farmers Market in a research report on Monday, June 1st. Evercore reiterated an “outperform” rating on shares of Sprouts Farmers Market in a report on Monday, July 27th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Sprouts Farmers Market in a report on Wednesday, June 24th. Seven equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Sprouts Farmers Market has an average rating of “Hold” and a consensus target price of $91.58.

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.