Carmignac Gestion Sells 323,270 Shares of Sprouts Farmers Market, Inc. $SFM

Carmignac Gestion lowered its stake in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 46.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 375,200 shares of the company’s stock after selling 323,270 shares during the period. Carmignac Gestion owned 0.40% of Sprouts Farmers Market worth $31,734,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of SFM. Nykredit A S purchased a new stake in Sprouts Farmers Market in the second quarter worth $402,000. Corient Private Wealth LP grew its stake in shares of Sprouts Farmers Market by 19.1% during the 2nd quarter. Corient Private Wealth LP now owns 60,800 shares of the company’s stock worth $5,142,000 after acquiring an additional 9,770 shares during the period. HORAN Wealth LLC increased its holdings in Sprouts Farmers Market by 14.9% in the 2nd quarter. HORAN Wealth LLC now owns 57,836 shares of the company’s stock worth $4,892,000 after acquiring an additional 7,508 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in Sprouts Farmers Market in the 2nd quarter worth about $2,785,000. Finally, California State Teachers Retirement System raised its stake in Sprouts Farmers Market by 8,108.4% in the 2nd quarter. California State Teachers Retirement System now owns 9,295,765 shares of the company’s stock valued at $786,236,000 after acquiring an additional 9,182,518 shares during the period.

Sprouts Farmers Market Price Performance

Shares of SFM traded down $5.29 during midday trading on Tuesday, hitting $76.11. 2,560,999 shares of the company traded hands, compared to its average volume of 2,373,787. Sprouts Farmers Market, Inc. has a one year low of $64.75 and a one year high of $139.71. The firm has a market cap of $7.10 billion, a P/E ratio of 14.58, a PEG ratio of 2.01 and a beta of 0.67. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.99 and a quick ratio of 0.43. The stock has a 50-day moving average of $81.55 and a 200-day moving average of $80.21.

Sprouts Farmers Market (NASDAQ:SFM) last issued its quarterly earnings data on Wednesday, July 29th. The company reported $1.37 EPS for the quarter, beating the consensus estimate 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 company had revenue of $2.33 billion during the quarter, compared to analysts’ expectations of $2.32 billion. During the same quarter in the previous year, the company earned $1.35 earnings per share. Sprouts Farmers Market’s revenue for the quarter 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. As a group, sell-side analysts predict that Sprouts Farmers Market, Inc. will post 5.55 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

SFM has been the topic of several recent research reports. Evercore reaffirmed an “outperform” rating and set a $95.00 price objective on shares of Sprouts Farmers Market in a report on Tuesday, September 1st. Royal Bank Of Canada reissued an “outperform” rating and issued a $114.00 price target on shares of Sprouts Farmers Market in a research report on Monday, June 1st. Roth Capital set a $82.00 price target on shares of Sprouts Farmers Market in a research note on Friday, July 31st. JPMorgan Chase & Co. raised shares of Sprouts Farmers Market from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $80.00 to $103.00 in a report on Thursday, July 30th. Finally, UBS Group lifted their price objective on shares of Sprouts Farmers Market from $80.00 to $86.00 and gave the company a “neutral” rating in a research note on Thursday, July 30th. Seven investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Sprouts Farmers Market presently has a consensus rating of “Hold” and an average target price of $92.25.

Insider Transactions at Sprouts Farmers Market

In other news, COO Nicholas Konat sold 12,538 shares of the company’s stock in a transaction on Thursday, June 11th. The shares were sold at an average price of $87.90, for a total value of $1,102,090.20. Following the transaction, the chief operating officer owned 66,119 shares of the company’s stock, valued at approximately $5,811,860.10. This represents a 15.94% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Joseph O’Leary sold 2,597 shares of the stock in a transaction 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 in the company, valued at $1,214,604.70. This trade represents a 15.01% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 47,499 shares of company stock valued at $4,060,237. 1.30% of the stock is currently owned by company insiders.

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.