L2 Asset Management LLC Invests $585,000 in Sprouts Farmers Market, Inc. $SFM

L2 Asset Management LLC bought a new stake in Sprouts Farmers Market, Inc. (NASDAQ:SFM) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 6,911 shares of the company’s stock, valued at approximately $585,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of SFM. Vanguard Group Inc. grew its stake in Sprouts Farmers Market by 0.3% during the 4th quarter. Vanguard Group Inc. now owns 9,913,415 shares of the company’s stock valued at $789,802,000 after acquiring an additional 28,951 shares in the last quarter. BlackRock Inc. purchased a new stake in shares of Sprouts Farmers Market in the second quarter valued at approximately $768,171,000. State Street Corp grew its position in shares of Sprouts Farmers Market by 2.4% in the fourth quarter. State Street Corp now owns 3,115,029 shares of the company’s stock valued at $248,174,000 after purchasing an additional 71,905 shares in the last quarter. Bank of America Corp DE increased its holdings 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 purchasing an additional 1,494,014 shares during the last quarter. Finally, Morgan Stanley lifted its position in Sprouts Farmers Market by 51.0% during the fourth quarter. Morgan Stanley now owns 2,098,249 shares of the company’s stock worth $167,168,000 after buying an additional 708,529 shares in the last quarter.

Sprouts Farmers Market Stock Performance

Shares of SFM stock opened at $85.95 on Wednesday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.43 and a current ratio of 0.99. The firm has a market cap of $8.01 billion, a P/E ratio of 16.47, a P/E/G ratio of 2.13 and a beta of 0.68. The firm’s 50 day moving average price is $81.65 and its 200-day moving average price is $79.30. Sprouts Farmers Market, Inc. has a one year low of $64.75 and a one year high of $146.11.

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

Insider Transactions at Sprouts Farmers Market

In related news, Director Joseph D. O’leary sold 2,597 shares of the 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 transaction, the director owned 14,710 shares of the company’s stock, valued at approximately $1,214,604.70. This represents a 15.01% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Nicholas Konat sold 12,538 shares of the firm’s stock in a transaction dated 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 $5,811,860.10. This trade represents a 15.94% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 58,289 shares of company stock worth $4,991,405 over the last ninety days. Company insiders own 1.30% of the company’s stock.

Analyst Upgrades and Downgrades

SFM has been the topic of several recent research reports. Evercore reissued an “outperform” rating on shares of Sprouts Farmers Market in a research report on Monday, July 27th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $114.00 target price on shares of Sprouts Farmers Market in a research note on Monday, June 1st. Weiss Ratings reiterated a “hold (c)” rating on shares of Sprouts Farmers Market in a report on Wednesday, June 24th. Roth Capital set a $82.00 price target on shares of Sprouts Farmers Market in a research note on Friday, July 31st. Finally, UBS Group raised their price target on shares of Sprouts Farmers Market from $80.00 to $86.00 and gave the stock a “neutral” rating in a report on Thursday, July 30th. Seven equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Sprouts Farmers Market has a consensus rating of “Hold” and a consensus price target 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.