Sprouts Farmers Market (SFM) shoppers are coming in less often, and because of that, the stock is down roughly 40% so far in 2026. SFM now trades well below its 52-week high of about $107, and its third-quarter results, reported on October 28, did not impress Wall Street. Due to weak results and concerns about the store’s customer traffic, Bank of America analyst Robert F. Ohmes downgraded SFM from Buy to Underperform. He also reduced his price target on the stock from $100 to $47 . After the downgrade, SFM shares fell about 22% on October 29, closing near $48. That is just a bit above the price target BofA downgraded to.
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