Baldwin Wealth Partners LLC MA Sells 2,506 Shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Baldwin Wealth Partners LLC MA decreased its stake in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM - Free Report) by 49.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,569 shares of the company's stock after selling 2,506 shares during the period. Baldwin Wealth Partners LLC MA's holdings in Sprouts Farmers Market were worth $326,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Accent Capital Management LLC acquired a new position in Sprouts Farmers Market in the 3rd quarter worth $25,000. Avior Wealth Management LLC raised its position in Sprouts Farmers Market by 93.5% in the 4th quarter. Avior Wealth Management LLC now owns 269 shares of the company's stock valued at $34,000 after buying an additional 130 shares during the last quarter. V Square Quantitative Management LLC bought a new stake in Sprouts Farmers Market in the 3rd quarter valued at approximately $38,000. Quarry LP grew its stake in shares of Sprouts Farmers Market by 1,425.8% during the 2nd quarter. Quarry LP now owns 473 shares of the company's stock worth $40,000 after acquiring an additional 442 shares in the last quarter. Finally, First Horizon Advisors Inc. raised its holdings in shares of Sprouts Farmers Market by 80.6% in the third quarter. First Horizon Advisors Inc. now owns 363 shares of the company's stock valued at $40,000 after purchasing an additional 162 shares during the last quarter.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on SFM shares. Wells Fargo & Company raised their price target on Sprouts Farmers Market from $130.00 to $140.00 and gave the company an "equal weight" rating in a research note on Thursday. Bank of America raised their target price on shares of Sprouts Farmers Market from $115.00 to $135.00 and gave the company a "buy" rating in a research note on Friday, October 25th. The Goldman Sachs Group upped their price target on shares of Sprouts Farmers Market from $127.00 to $159.00 and gave the stock a "buy" rating in a research report on Friday, November 1st. StockNews.com upgraded shares of Sprouts Farmers Market from a "hold" rating to a "buy" rating in a research note on Wednesday, January 15th. Finally, BMO Capital Markets raised their target price on shares of Sprouts Farmers Market from $102.00 to $140.00 and gave the company a "market perform" rating in a research note on Thursday, October 31st. Eight equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $119.40.

Sprouts Farmers Market Stock Performance

Shares of Sprouts Farmers Market stock traded up $2.10 on Friday, reaching $158.35. 1,552,994 shares of the company traded hands, compared to its average volume of 1,232,599. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.13 and a quick ratio of 0.59. The firm has a market capitalization of $15.83 billion, a PE ratio of 45.77, a PEG ratio of 2.05 and a beta of 0.63. The company has a 50 day moving average of $142.41 and a 200 day moving average of $120.74. Sprouts Farmers Market, Inc. has a 52 week low of $49.81 and a 52 week high of $160.03.

Sprouts Farmers Market (NASDAQ:SFM - Get Free Report) last issued its earnings results on Wednesday, October 30th. The company reported $0.91 earnings per share for the quarter, topping analysts' consensus estimates of $0.77 by $0.14. The firm had revenue of $1.95 billion during the quarter, compared to analyst estimates of $1.88 billion. Sprouts Farmers Market had a net margin of 4.73% and a return on equity of 28.24%. The company's quarterly revenue was up 13.6% on a year-over-year basis. During the same quarter last year, the business earned $0.65 earnings per share. Equities analysts forecast that Sprouts Farmers Market, Inc. will post 3.68 earnings per share for the current year.

Insider Activity

In other Sprouts Farmers Market news, CEO Jack Sinclair sold 2,935 shares of the company's stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $138.74, for a total value of $407,201.90. Following the completion of the sale, the chief executive officer now owns 149,499 shares of the company's stock, valued at $20,741,491.26. This represents a 1.93 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Joseph L. Hurley sold 4,956 shares of the company's stock in a transaction on Monday, November 4th. The shares were sold at an average price of $132.66, for a total transaction of $657,462.96. Following the completion of the sale, the insider now directly owns 11,184 shares of the company's stock, valued at $1,483,669.44. This trade represents a 30.71 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 61,869 shares of company stock worth $8,778,152. 1.10% of the stock is owned by company insiders.

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.