Tocqueville Asset Management L.P. Buys New Shares in Sprouts Farmers Market, Inc. $SFM

Tocqueville Asset Management L.P. purchased a new position in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) in the second quarter, according to its most recent filing with the SEC. The firm purchased 8,542 shares of the company’s stock, valued at approximately $722,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Vanguard Group Inc. grew its stake in Sprouts Farmers Market by 0.3% during the fourth quarter. Vanguard Group Inc. now owns 9,913,415 shares of the company’s stock worth $789,802,000 after purchasing an additional 28,951 shares during the period. BlackRock Inc. bought a new position in shares of Sprouts Farmers Market during the 2nd quarter worth approximately $768,171,000. State Street Corp grew its position in shares of Sprouts Farmers Market by 2.4% during the 4th quarter. State Street Corp now owns 3,115,029 shares of the company’s stock worth $248,174,000 after buying an additional 71,905 shares during the period. Bank of America Corp DE increased its stake in shares of Sprouts Farmers Market by 137.0% in the 2nd quarter. Bank of America Corp DE now owns 2,584,923 shares of the company’s stock valued at $425,582,000 after acquiring an additional 1,494,014 shares in the last quarter. Finally, Morgan Stanley lifted its position in shares of Sprouts Farmers Market by 51.0% during the 4th quarter. Morgan Stanley now owns 2,098,249 shares of the company’s stock valued at $167,168,000 after acquiring an additional 708,529 shares during the period.

Sprouts Farmers Market Stock Up 3.4%

Sprouts Farmers Market stock opened at $81.08 on Friday. The firm has a market capitalization of $7.56 billion, a price-to-earnings ratio of 15.53, a price-to-earnings-growth ratio of 1.94 and a beta of 0.68. The firm’s fifty day moving average price is $81.59 and its two-hundred day moving average price is $78.99. Sprouts Farmers Market, Inc. has a 1-year low of $64.75 and a 1-year high of $149.66. The company has a current ratio of 0.99, a quick ratio of 0.43 and a debt-to-equity ratio of 0.07.

Sprouts Farmers Market (NASDAQ:SFM) last posted its earnings results on Wednesday, July 29th. The company reported $1.37 EPS for the quarter, topping the consensus estimate of $1.35 by $0.02. Sprouts Farmers Market had a net margin of 5.58% and a return on equity of 34.84%. The company had revenue of $2.33 billion during the quarter, compared to the consensus estimate of $2.32 billion. During the same period in the previous year, the firm posted $1.35 earnings per share. The firm’s revenue for the quarter was up 4.7% on a year-over-year basis. Sprouts Farmers Market has set its Q3 2026 guidance at 1.200-1.240 EPS and its FY 2026 guidance at 5.320-5.400 EPS. On average, equities research analysts predict that Sprouts Farmers Market, Inc. will post 5.55 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have commented on SFM. UBS Group raised their price target on shares of Sprouts Farmers Market from $80.00 to $86.00 and gave the stock a “neutral” rating in a report on Thursday, July 30th. Royal Bank Of Canada reissued an “outperform” rating and set a $114.00 price objective on shares of Sprouts Farmers Market in a research report on Monday, June 1st. Weiss Ratings restated a “hold (c)” rating on shares of Sprouts Farmers Market in a research note on Wednesday, June 24th. Evercore reaffirmed an “outperform” rating on shares of Sprouts Farmers Market in a research report on Monday, July 27th. Finally, Roth Capital set a $82.00 price target on Sprouts Farmers Market in a research note on Friday, July 31st. Seven analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $91.58.

Insider Buying and Selling at Sprouts Farmers Market

In other Sprouts Farmers Market news, CEO Jack Sinclair sold 10,790 shares of the business’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 completion of the sale, the chief executive officer directly owned 269,980 shares of the company’s stock, valued at approximately $22,149,159.20. The trade was a 3.84% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Nicholas Konat sold 12,538 shares of the stock in a transaction that occurred on Thursday, June 11th. The stock was sold at an average price of $87.90, for a total value of $1,102,090.20. Following the completion of the sale, the chief operating officer directly owned 66,119 shares of the company’s stock, valued at approximately $5,811,860.10. This trade represents a 15.94% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 58,289 shares of company stock worth $4,991,405. Insiders own 1.30% of the company’s stock.

Sprouts Farmers Market Company Profile

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.