Tocqueville Asset Management L.P. purchased a new position in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM – Free Report) during the 2nd quarter, HoldingsChannel reports. The institutional investor purchased 8,542 shares of the company’s stock, valued at approximately $722,000.
Other institutional investors have also added to or reduced their stakes in the company. Newbridge Financial Services Group Inc. purchased a new position in shares of Sprouts Farmers Market in the 2nd quarter worth approximately $29,000. TD Private Client Wealth LLC increased its position in shares of Sprouts Farmers Market by 1,309.1% during the fourth quarter. TD Private Client Wealth LLC now owns 310 shares of the company’s stock valued at $25,000 after acquiring an additional 288 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC purchased a new stake in shares of Sprouts Farmers Market during the first quarter valued at approximately $25,000. Bell Investment Advisors Inc bought a new stake in Sprouts Farmers Market during the second quarter worth $29,000. Finally, Clearstead Advisors LLC lifted its holdings in Sprouts Farmers Market by 72.7% during the fourth quarter. Clearstead Advisors LLC now owns 380 shares of the company’s stock worth $30,000 after acquiring an additional 160 shares during the period.
Insider Activity
In related news, Director Joseph D. O’leary sold 2,597 shares of the firm’s stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $82.57, for a total value of $214,434.29. Following the completion of the transaction, the director directly owned 14,710 shares of the company’s stock, valued at approximately $1,214,604.70. This trade represents a 15.01% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 completion of the transaction, the chief operating officer owned 66,119 shares of the company’s stock, valued at $5,811,860.10. This represents a 15.94% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 58,289 shares of company stock valued at $4,991,405 over the last quarter. Company insiders own 1.30% of the company’s stock.
Sprouts Farmers Market Trading Up 3.4%
Sprouts Farmers Market (NASDAQ:SFM – Get Free Report) last released its quarterly earnings data on Wednesday, July 29th. The company reported $1.37 EPS for the quarter, beating the consensus estimate of $1.35 by $0.02. The business had revenue of $2.33 billion for the quarter, compared to the consensus estimate of $2.32 billion. Sprouts Farmers Market had a net margin of 5.58% and a return on equity of 34.84%. The company’s revenue was up 4.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.35 earnings per share. 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. As a group, research analysts forecast that Sprouts Farmers Market, Inc. will post 5.55 EPS for the current year.
Wall Street Analysts Forecast Growth
Several research firms have weighed in on SFM. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $84.00 price objective on shares of Sprouts Farmers Market in a research report on Thursday, July 30th. Evercore reiterated an “outperform” rating on shares of Sprouts Farmers Market in a research note on Monday, July 27th. JPMorgan Chase & Co. raised shares of Sprouts Farmers Market from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $80.00 to $103.00 in a report on Thursday, July 30th. Weiss Ratings restated a “hold (c)” rating on shares of Sprouts Farmers Market in a research report on Wednesday, June 24th. Finally, Royal Bank Of Canada restated an “outperform” rating and set a $114.00 price objective on shares of Sprouts Farmers Market in a report on Monday, June 1st. Seven analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $91.58.
View Our Latest Analysis on Sprouts Farmers Market
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.
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