Sprouts Farmers Market, Inc.
boothcheck covers Sprouts Farmers Market, Inc. (SFM) but does not put one priced-in number on it: here the defensible answer is the evidence rather than a point estimate. boothcheck publishes no house fair value, target price, or buy/sell rating. Narrative composed June 28, 2026.
• Sprouts runs a differentiated, health-focused grocery format that earns a roughly 35% return on equity and funds 40-plus new stores a year entirely from internal cash, with net cash of about $239 million and a falling share count. • The defining risk is demand softening, with Q1 2026 comparable store sales down 1.7% and full-year comps guided to a range of -1% to +1%, a deceleration that pressures a valuation built on growth. • Watch the comp trajectory and gross margin (39.4% in Q1, down 20 b
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613 institutional managers reported holding SFM in 13F filings for the quarter ended 2026-03-31. 110 opened new positions that quarter. Held by FMR (Fidelity), BlackRock, Vanguard Group, among others. On the short side, 11.8M shares were sold short as of the 2026-06-15 count, about 12% of shares outstanding (6.6 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
SFM has cut its share count 19.1% over the past five years, spending $1.43B on repurchases. It pays no dividend. Cash returned over the past three years: $895.55M in repurchases.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
Open-market insider buys at SFM over the trailing three years: 2026: 2 buys totaling $440k. 22 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
SFM's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2023-08-02 | -4.8% | +14.2% |
| 2023-11-01 | -6.4% | +18.0% |
| 2024-02-23 | +13.3% | +12.3% |
| 2024-05-02 | +9.0% | +14.8% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
SFM's latest 8-K filings: 2026-07-29 (items 2.02, 7.01, 9.01); 2026-05-21 (items 5.07); 2026-05-19 (items 5.02, 9.01); 2026-04-29 (items 2.02, 7.01, 9.01); 2026-02-19 (items 5.02, 9.01).
Item codes are the SEC's own classification of what each report discloses. Dates link to the filing on EDGAR. Nothing here is investment advice.
Model solve date: 2026-Q2
Narrative composed: June 28, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.