MorganRosel Wealth Management LLC Cuts Stake in Sprouts Farmers Market, Inc. (NASDAQ:SFM)

MorganRosel Wealth Management LLC lowered its stake in Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 15.8% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 12,762 shares of the company’s stock after selling 2,391 shares during the quarter. MorganRosel Wealth Management LLC’s holdings in Sprouts Farmers Market were worth $1,622,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Geode Capital Management LLC lifted its position in Sprouts Farmers Market by 2.3% in the third quarter. Geode Capital Management LLC now owns 2,484,059 shares of the company’s stock valued at $275,634,000 after purchasing an additional 56,161 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Sprouts Farmers Market by 13.1% during the third quarter. JPMorgan Chase & Co. now owns 1,349,694 shares of the company’s stock valued at $149,020,000 after acquiring an additional 156,175 shares in the last quarter. Congress Asset Management Co. raised its holdings in shares of Sprouts Farmers Market by 94.9% during the fourth quarter. Congress Asset Management Co. now owns 1,298,768 shares of the company’s stock valued at $165,034,000 after acquiring an additional 632,523 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Sprouts Farmers Market by 5.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 983,257 shares of the company’s stock valued at $108,561,000 after acquiring an additional 48,103 shares in the last quarter. Finally, Royal London Asset Management Ltd. raised its holdings in shares of Sprouts Farmers Market by 1.5% during the third quarter. Royal London Asset Management Ltd. now owns 698,506 shares of the company’s stock valued at $77,122,000 after acquiring an additional 10,326 shares in the last quarter.

Analyst Ratings Changes

A number of brokerages recently commented on SFM. UBS Group upped their target price on Sprouts Farmers Market from $132.00 to $195.00 and gave the company a “neutral” rating in a report on Wednesday, February 19th. BMO Capital Markets increased their price objective on Sprouts Farmers Market from $140.00 to $180.00 and gave the stock a “market perform” rating in a report on Friday. Roth Mkm increased their target price on Sprouts Farmers Market from $105.00 to $146.00 and gave the stock a “neutral” rating in a research note on Friday. The Goldman Sachs Group increased their target price on Sprouts Farmers Market from $174.00 to $200.00 and gave the stock a “buy” rating in a research note on Friday. Finally, StockNews.com raised Sprouts Farmers Market from a “hold” rating to a “buy” rating in a research note on Friday. Eight equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $152.40.

Insider Activity at Sprouts Farmers Market

In other news, Director Douglas Gregory Rauch sold 700 shares of the business’s stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $148.89, for a total value of $104,223.00. Following the completion of the transaction, the director now directly owns 10,874 shares of the company’s stock, valued at approximately $1,619,029.86. The trade was a 6.05 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Jack Sinclair sold 2,915 shares of the business’s stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $167.54, for a total value of $488,379.10. Following the transaction, the chief executive officer now owns 143,669 shares in the company, valued at approximately $24,070,304.26. This trade represents a 1.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 42,614 shares of company stock worth $6,323,731 in the last quarter. 1.10% of the stock is owned by company insiders.

Sprouts Farmers Market Stock Performance

NASDAQ SFM opened at $143.48 on Tuesday. The stock has a market capitalization of $14.14 billion, a PE ratio of 38.16, a P/E/G ratio of 2.31 and a beta of 0.63. The business has a 50 day simple moving average of $148.12 and a two-hundred day simple moving average of $130.44. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.13 and a quick ratio of 0.59. Sprouts Farmers Market, Inc. has a 1-year low of $59.13 and a 1-year high of $178.99.

Sprouts Farmers Market (NASDAQ:SFM) last announced its earnings results on Thursday, February 20th. The company reported $0.79 EPS for the quarter, topping analysts’ consensus estimates of $0.72 by $0.07. The firm had revenue of $2 billion during the quarter, compared to analysts’ expectations of $1.96 billion. Sprouts Farmers Market had a return on equity of 29.86% and a net margin of 4.93%. On average, research analysts predict that Sprouts Farmers Market, Inc. will post 4.29 EPS for the current fiscal year.

Sprouts Farmers Market Company 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.