RWA Wealth Partners LLC Lowers Holdings in Sprouts Farmers Market, Inc. (NASDAQ:SFM)

RWA Wealth Partners LLC cut its stake in Sprouts Farmers Market, Inc. (NASDAQ:SFM - Free Report) by 43.4% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,976 shares of the company's stock after selling 3,049 shares during the period. RWA Wealth Partners LLC's holdings in Sprouts Farmers Market were worth $505,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. Wesbanco Bank Inc. increased its holdings in shares of Sprouts Farmers Market by 0.3% in the fourth quarter. Wesbanco Bank Inc. now owns 28,659 shares of the company's stock valued at $3,642,000 after purchasing an additional 77 shares during the period. EverSource Wealth Advisors LLC boosted its position in Sprouts Farmers Market by 4.1% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,975 shares of the company's stock valued at $251,000 after buying an additional 77 shares during the last quarter. Greenleaf Trust increased its holdings 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 buying an additional 80 shares during the period. Foundations Investment Advisors LLC raised its position in Sprouts Farmers Market by 1.4% during the 4th quarter. Foundations Investment Advisors LLC now owns 6,649 shares of the company's stock worth $845,000 after buying an additional 90 shares during the last quarter. Finally, Ballentine Partners LLC lifted its stake in 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 acquiring an additional 96 shares during the period.

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Sprouts Farmers Market Price Performance

Shares of NASDAQ SFM traded down $5.06 during trading on Thursday, hitting $153.28. The company had a trading volume of 1,861,144 shares, compared to its average volume of 1,384,597. Sprouts Farmers Market, Inc. has a fifty-two week low of $61.61 and a fifty-two week high of $178.99. The company has a quick ratio of 0.59, a current ratio of 1.13 and a debt-to-equity ratio of 0.01. The stock has a fifty day simple moving average of $152.58 and a two-hundred day simple moving average of $138.69. The firm has a market capitalization of $15.03 billion, a price-to-earnings ratio of 40.77, a price-to-earnings-growth ratio of 2.31 and a beta of 0.67.

Sprouts Farmers Market (NASDAQ:SFM - Get Free Report) last posted its quarterly earnings results on Thursday, February 20th. The company reported $0.79 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.07. The firm had revenue of $2 billion for the quarter, compared to the consensus estimate of $1.96 billion. Sprouts Farmers Market had a net margin of 4.93% and a return on equity of 29.86%. On average, research analysts expect that Sprouts Farmers Market, Inc. will post 4.29 earnings per share for the current year.

Analyst Ratings Changes

SFM has been the topic of a number of research reports. The Goldman Sachs Group increased their price objective on shares of Sprouts Farmers Market from $174.00 to $200.00 and gave the stock a "buy" rating in a research note on Friday, February 21st. StockNews.com lowered Sprouts Farmers Market from a "buy" rating to a "hold" rating in a research note on Wednesday, March 26th. JPMorgan Chase & Co. upped their target price on Sprouts Farmers Market from $131.00 to $136.00 and gave the stock a "neutral" rating in a research note on Tuesday, March 11th. Evercore ISI dropped their target price on Sprouts Farmers Market from $185.00 to $180.00 and set an "outperform" rating on the stock in a report on Tuesday, March 11th. Finally, BMO Capital Markets boosted their price target on Sprouts Farmers Market from $140.00 to $180.00 and gave the company a "market perform" rating in a report on Friday, February 21st. Ten investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $167.00.

Insider Transactions at Sprouts Farmers Market

In other news, VP Stacy W. Hilgendorf sold 229 shares of the business's stock in a transaction dated Thursday, March 20th. The shares were sold at an average price of $139.43, for a total transaction of $31,929.47. Following the transaction, the vice president now owns 10,226 shares of the company's stock, valued at approximately $1,425,811.18. The trade was a 2.19 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Timmi Zalatoris sold 1,065 shares of the company's stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $134.97, for a total transaction of $143,743.05. Following the completion of the sale, the insider now directly owns 9,830 shares of the company's stock, valued at $1,326,755.10. This represents a 9.78 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 96,784 shares of company stock worth $13,534,466 in the last ninety days. Insiders own 1.10% of the company's stock.

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.