Gabelli Funds LLC Decreases Stock Position in Sprouts Farmers Market, Inc. $SFM

Gabelli Funds LLC cut its stake in Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 50.0% in the fourth quarter, HoldingsChannel reports. The firm owned 10,000 shares of the company’s stock after selling 10,000 shares during the quarter. Gabelli Funds LLC’s holdings in Sprouts Farmers Market were worth $797,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of SFM. Root Financial Partners LLC acquired a new stake in Sprouts Farmers Market in the 3rd quarter valued at about $26,000. Sound Income Strategies LLC acquired a new stake in Sprouts Farmers Market in the 4th quarter valued at about $27,000. Newbridge Financial Services Group Inc. acquired a new stake in Sprouts Farmers Market in the 2nd quarter valued at about $29,000. Smartleaf Asset Management LLC raised its position in Sprouts Farmers Market by 98.6% in the 3rd quarter. Smartleaf Asset Management LLC now owns 284 shares of the company’s stock valued at $31,000 after purchasing an additional 141 shares in the last quarter. Finally, Whittier Trust Co. of Nevada Inc. raised its position in Sprouts Farmers Market by 138.9% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 485 shares of the company’s stock valued at $37,000 after purchasing an additional 282 shares in the last quarter.

Insiders Place Their Bets

In other news, CEO Jack Sinclair sold 57,644 shares of the company’s stock in a transaction on Monday, March 16th. The shares were sold at an average price of $80.82, for a total value of $4,658,788.08. Following the completion of the transaction, the chief executive officer owned 277,935 shares in the company, valued at approximately $22,462,706.70. This represents a 17.18% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, COO Nicholas Konat sold 10,123 shares of the company’s stock in a transaction on Monday, March 16th. The shares were sold at an average price of $80.82, for a total transaction of $818,140.86. Following the completion of the transaction, the chief operating officer owned 80,139 shares of the company’s stock, valued at approximately $6,476,833.98. The trade was a 11.22% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 130,156 shares of company stock worth $10,600,146. 1.30% of the stock is currently owned by company insiders.

Sprouts Farmers Market Trading Up 1.5%

Shares of NASDAQ:SFM opened at $86.71 on Friday. Sprouts Farmers Market, Inc. has a 52 week low of $64.75 and a 52 week high of $182.00. The company’s 50 day moving average is $79.11 and its two-hundred day moving average is $77.76. The company has a current ratio of 0.92, a quick ratio of 0.42 and a debt-to-equity ratio of 0.07. The company has a market cap of $8.15 billion, a PE ratio of 16.68, a P/E/G ratio of 1.83 and a beta of 0.68.

Sprouts Farmers Market (NASDAQ:SFM) last announced its quarterly earnings data on Wednesday, April 29th. The company reported $1.71 EPS for the quarter, beating analysts’ consensus estimates of $1.67 by $0.04. Sprouts Farmers Market had a net margin of 5.70% and a return on equity of 36.06%. The company had revenue of $2.33 billion for the quarter, compared to the consensus estimate of $2.32 billion. During the same period in the prior year, the firm posted $1.81 EPS. The company’s quarterly revenue was up 4.1% compared to the same quarter last year. 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. Equities analysts predict that Sprouts Farmers Market, Inc. will post 5.57 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. Evercore reaffirmed an “outperform” rating on shares of Sprouts Farmers Market in a research report on Thursday, April 30th. BMO Capital Markets reissued a “market perform” rating and issued a $70.00 price objective on shares of Sprouts Farmers Market in a research report on Friday, February 20th. Weiss Ratings reissued a “hold (c)” rating on shares of Sprouts Farmers Market in a research report on Friday, March 27th. Bank of America dropped their price objective on shares of Sprouts Farmers Market from $104.00 to $92.00 and set a “buy” rating on the stock in a research report on Friday, February 20th. Finally, Wells Fargo & Company dropped their price objective on shares of Sprouts Farmers Market from $110.00 to $100.00 and set an “overweight” rating on the stock in a research report on Friday, February 20th. Seven research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $96.08.

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.