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

Moran Wealth Management LLC lowered its position in Sprouts Farmers Market, Inc. (NASDAQ:SFM - Free Report) by 6.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 168,507 shares of the company's stock after selling 12,180 shares during the period. Moran Wealth Management LLC owned approximately 0.17% of Sprouts Farmers Market worth $21,412,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of the company. Wesbanco Bank Inc. boosted its position in Sprouts Farmers Market by 0.3% in the 4th quarter. Wesbanco Bank Inc. now owns 28,659 shares of the company's stock worth $3,642,000 after purchasing an additional 77 shares in the last quarter. Greenleaf Trust boosted its position in Sprouts Farmers Market by 1.2% in the 4th quarter. Greenleaf Trust now owns 6,715 shares of the company's stock worth $853,000 after purchasing an additional 80 shares in the last quarter. Foundations Investment Advisors LLC lifted its position in shares of Sprouts Farmers Market by 1.4% during the 4th quarter. Foundations Investment Advisors LLC now owns 6,649 shares of the company's stock valued at $845,000 after buying an additional 90 shares in the last quarter. Ballentine Partners LLC lifted its position in shares of Sprouts Farmers Market by 2.6% during the 4th quarter. Ballentine Partners LLC now owns 3,849 shares of the company's stock valued at $489,000 after buying an additional 96 shares in the last quarter. Finally, CIBC Asset Management Inc lifted its position in shares of Sprouts Farmers Market by 3.6% during the 3rd quarter. CIBC Asset Management Inc now owns 2,917 shares of the company's stock valued at $322,000 after buying an additional 101 shares in the last quarter.

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Sprouts Farmers Market Stock Performance

Shares of NASDAQ:SFM traded up $2.49 during trading on Wednesday, reaching $137.40. The company had a trading volume of 1,555,784 shares, compared to its average volume of 1,586,269. The firm has a market capitalization of $13.55 billion, a price-to-earnings ratio of 36.54, a price-to-earnings-growth ratio of 2.31 and a beta of 0.67. 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 stock's fifty day moving average price is $150.54 and its 200 day moving average price is $133.94. Sprouts Farmers Market, Inc. has a fifty-two week low of $60.46 and a fifty-two week high of $178.99.

Sprouts Farmers Market (NASDAQ:SFM - Get Free Report) last released its earnings results on Thursday, February 20th. The company reported $0.79 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.72 by $0.07. The business had revenue of $2 billion for the quarter, compared to analyst estimates of $1.96 billion. Sprouts Farmers Market had a return on equity of 29.86% and a net margin of 4.93%. As a group, equities research analysts predict that Sprouts Farmers Market, Inc. will post 4.29 EPS for the current year.

Insider Activity

In related news, CEO Jack Sinclair sold 2,915 shares of Sprouts Farmers Market stock in a transaction that occurred 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 sale, the chief executive officer now directly owns 143,669 shares in the company, valued at $24,070,304.26. The trade was a 1.99 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Joe Fortunato sold 5,000 shares of Sprouts Farmers Market stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $144.80, for a total value of $724,000.00. Following the completion of the sale, the director now owns 28,571 shares in the company, valued at approximately $4,137,080.80. This trade represents a 14.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 46,564 shares of company stock valued at $6,890,970. Company insiders own 1.10% of the company's stock.

Wall Street Analyst Weigh In

SFM has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. increased their target price on Sprouts Farmers Market from $131.00 to $136.00 and gave the company a "neutral" rating in a research report on Tuesday. Wells Fargo & Company increased their target price on Sprouts Farmers Market from $140.00 to $170.00 and gave the company an "equal weight" rating in a research report on Friday, February 21st. Bank of America increased their target price on Sprouts Farmers Market from $165.00 to $185.00 and gave the company a "buy" rating in a research report on Tuesday, February 11th. BMO Capital Markets increased their target price on Sprouts Farmers Market from $140.00 to $180.00 and gave the company a "market perform" rating in a research report on Friday, February 21st. Finally, Evercore ISI decreased their target price on Sprouts Farmers Market from $185.00 to $180.00 and set an "outperform" rating on the stock in a research report on Tuesday. Ten investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $154.15.

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.