Kornitzer Capital Management Inc. KS Invests $3.74 Million in Sprouts Farmers Market, Inc. $SFM

Kornitzer Capital Management Inc. KS purchased a new stake in Sprouts Farmers Market, Inc. (NASDAQ:SFM) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 48,458 shares of the company’s stock, valued at approximately $3,738,000.

Several other institutional investors have also made changes to their positions in the stock. MML Investors Services LLC grew its position in Sprouts Farmers Market by 0.6% during the second quarter. MML Investors Services LLC now owns 20,287 shares of the company’s stock worth $3,340,000 after buying an additional 124 shares in the last quarter. Advisory Services Network LLC raised its holdings in Sprouts Farmers Market by 1.0% in the 2nd quarter. Advisory Services Network LLC now owns 13,486 shares of the company’s stock valued at $2,044,000 after acquiring an additional 139 shares in the last quarter. Clearstead Advisors LLC lifted its position in shares of Sprouts Farmers Market by 72.7% during the 4th quarter. Clearstead Advisors LLC now owns 380 shares of the company’s stock valued at $30,000 after acquiring an additional 160 shares during the period. NorthCrest Asset Manangement LLC lifted its position in shares of Sprouts Farmers Market by 1.8% during the 4th quarter. NorthCrest Asset Manangement LLC now owns 8,943 shares of the company’s stock valued at $715,000 after acquiring an additional 162 shares during the period. Finally, Arkadios Wealth Advisors grew its holdings in shares of Sprouts Farmers Market by 4.3% during the 4th quarter. Arkadios Wealth Advisors now owns 4,106 shares of the company’s stock worth $327,000 after purchasing an additional 171 shares in the last quarter.

Insider Transactions at Sprouts Farmers Market

In related news, COO Nicholas Konat sold 12,538 shares of Sprouts Farmers Market stock in a transaction that occurred on Thursday, June 11th. The shares were sold at an average price of $87.90, for a total transaction of $1,102,090.20. Following the sale, the chief operating officer directly owned 66,119 shares of the company’s stock, valued at approximately $5,811,860.10. The trade was a 15.94% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Jack Sinclair sold 10,790 shares of the company’s stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $82.04, for a total transaction of $885,211.60. Following the transaction, the chief executive officer owned 269,980 shares of the company’s stock, valued at approximately $22,149,159.20. This represents a 3.84% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 45,310 shares of company stock valued at $3,873,881. 1.30% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

SFM has been the topic of a number of recent analyst reports. Evercore restated an “outperform” rating on shares of Sprouts Farmers Market in a research report on Thursday, April 30th. Weiss Ratings reiterated a “hold (c)” rating on shares of Sprouts Farmers Market in a research note on Wednesday, June 24th. JPMorgan Chase & Co. raised their target price on shares of Sprouts Farmers Market from $77.00 to $78.00 and gave the company a “neutral” rating in a report on Thursday, April 30th. Royal Bank Of Canada restated an “outperform” rating and issued a $114.00 target price on shares of Sprouts Farmers Market in a research report on Monday, June 1st. Finally, Melius Research downgraded shares of Sprouts Farmers Market from a “hold” rating to a “sell” rating and set a $70.00 price target for the company. in a report on Monday, April 6th. Seven analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $96.08.

Sprouts Farmers Market Price Performance

Shares of SFM traded up $0.48 during midday trading on Friday, hitting $80.86. The company’s stock had a trading volume of 1,243,549 shares, compared to its average volume of 2,154,648. Sprouts Farmers Market, Inc. has a one year low of $64.75 and a one year high of $171.15. The company’s fifty day simple moving average is $84.07 and its two-hundred day simple moving average is $78.26. The company has a quick ratio of 0.42, a current ratio of 0.92 and a debt-to-equity ratio of 0.07. The stock has a market capitalization of $7.60 billion, a price-to-earnings ratio of 15.55, a price-to-earnings-growth ratio of 1.71 and a beta of 0.67.

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

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.