Tocqueville Asset Management L.P. Sells 670 Shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Tocqueville Asset Management L.P. cut its position in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 8.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,543 shares of the company’s stock after selling 670 shares during the quarter. Tocqueville Asset Management L.P.’s holdings in Sprouts Farmers Market were worth $958,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the business. Mirae Asset Global Investments Co. Ltd. bought a new position in Sprouts Farmers Market during the 4th quarter valued at $31,000. Avior Wealth Management LLC boosted its holdings in Sprouts Farmers Market by 93.5% in the 4th quarter. Avior Wealth Management LLC now owns 269 shares of the company’s stock worth $34,000 after buying an additional 130 shares during the period. Global Retirement Partners LLC grew its position in shares of Sprouts Farmers Market by 84.1% in the fourth quarter. Global Retirement Partners LLC now owns 289 shares of the company’s stock valued at $37,000 after purchasing an additional 132 shares in the last quarter. First Horizon Advisors Inc. increased its position in shares of Sprouts Farmers Market by 80.6% during the third quarter. First Horizon Advisors Inc. now owns 363 shares of the company’s stock valued at $40,000 after buying an additional 162 shares during the period. Finally, SBI Securities Co. Ltd. purchased a new stake in Sprouts Farmers Market in the 4th quarter worth approximately $51,000.

Sprouts Farmers Market Trading Up 2.2 %

NASDAQ:SFM opened at $140.82 on Thursday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.59 and a current ratio of 1.13. The firm has a 50-day simple moving average of $150.80 and a 200-day simple moving average of $135.21. Sprouts Farmers Market, Inc. has a one year low of $60.46 and a one year high of $178.99. The firm has a market cap of $13.88 billion, a P/E ratio of 37.45, a P/E/G ratio of 2.31 and a beta of 0.67.

Sprouts Farmers Market (NASDAQ:SFM) last issued its quarterly earnings results on Thursday, February 20th. The company reported $0.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.72 by $0.07. The business had revenue of $2 billion for the quarter, compared to the consensus estimate of $1.96 billion. Sprouts Farmers Market had a return on equity of 29.86% and a net margin of 4.93%. Equities analysts anticipate that Sprouts Farmers Market, Inc. will post 4.29 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on SFM. StockNews.com upgraded shares of Sprouts Farmers Market from a “hold” rating to a “buy” rating in a research report on Friday, February 21st. The Goldman Sachs Group upped their price target on shares of Sprouts Farmers Market from $174.00 to $200.00 and gave the company a “buy” rating in a report on Friday, February 21st. UBS Group lifted their price objective on Sprouts Farmers Market from $132.00 to $195.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 19th. JPMorgan Chase & Co. lifted their target price on shares of Sprouts Farmers Market from $131.00 to $136.00 and gave the company a “neutral” rating in a research note on Tuesday, March 11th. Finally, Roth Mkm upped their price target on Sprouts Farmers Market from $105.00 to $146.00 and gave the stock a “neutral” rating in a research note on Friday, February 21st. Nine investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $162.92.

Insider Buying and Selling

In other Sprouts Farmers Market news, CMO Alisa Gmelich sold 445 shares of the business’s stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $137.42, for a total transaction of $61,151.90. Following the completion of the sale, the chief marketing officer now directly owns 4,436 shares in the company, valued at approximately $609,595.12. The trade was a 9.12 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Timmi Zalatoris sold 1,065 shares of the company’s stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $134.97, for a total transaction of $143,743.05. Following the sale, the insider now directly owns 9,830 shares of the company’s stock, valued at approximately $1,326,755.10. This represents a 9.78 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 79,653 shares of company stock valued at $11,080,042 over the last 90 days. Insiders own 1.10% of the company’s stock.

Sprouts Farmers Market Profile

Sprouts Farmers Market, Inc, together with its subsidiaries, engages in the retailing of fresh, natural, and organic food products under the Sprouts brand in the United States. It offers perishable product categories, including fresh produce, meat and meat alternatives, seafood, deli, bakery, floral, and dairy and dairy alternatives; and non-perishable product categories, such as grocery, vitamins and supplements, bulk items, frozen foods, beer and wine, and natural health and body care.