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

Baldwin Wealth Partners LLC MA lowered its stake in Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 49.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,569 shares of the company’s stock after selling 2,506 shares during the quarter. Baldwin Wealth Partners LLC MA’s holdings in Sprouts Farmers Market were worth $326,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Foundations Investment Advisors LLC lifted its stake in Sprouts Farmers Market by 1.4% in the 4th quarter. Foundations Investment Advisors LLC now owns 6,649 shares of the company’s stock valued at $845,000 after purchasing an additional 90 shares during the last quarter. Mount Yale Investment Advisors LLC acquired a new position in shares of Sprouts Farmers Market during the fourth quarter worth $528,000. Pacer Advisors Inc. lifted its stake in shares of Sprouts Farmers Market by 54.9% in the 4th quarter. Pacer Advisors Inc. now owns 22,614 shares of the company’s stock valued at $2,874,000 after acquiring an additional 8,012 shares during the last quarter. KBC Group NV boosted its holdings in shares of Sprouts Farmers Market by 57.1% during the 4th quarter. KBC Group NV now owns 4,032 shares of the company’s stock valued at $512,000 after acquiring an additional 1,466 shares in the last quarter. Finally, Union Bancaire Privee UBP SA bought a new stake in Sprouts Farmers Market during the 4th quarter worth $2,845,000.

Insider Buying and Selling

In other news, Director Joe Fortunato sold 11,500 shares of the business’s stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $132.84, for a total transaction of $1,527,660.00. Following the completion of the sale, the director now owns 33,571 shares in the company, valued at $4,459,571.64. The trade was a 25.52 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Jack Sinclair sold 5,714 shares of the stock in a transaction on Monday, November 4th. The stock was sold at an average price of $132.60, for a total value of $757,676.40. Following the completion of the transaction, the chief executive officer now owns 199,576 shares in the company, valued at approximately $26,463,777.60. This represents a 2.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 61,869 shares of company stock valued at $8,778,152 over the last ninety days. 1.10% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms have commented on SFM. Bank of America increased their target price on Sprouts Farmers Market from $115.00 to $135.00 and gave the company a “buy” rating in a research report on Friday, October 25th. BMO Capital Markets raised their price objective on shares of Sprouts Farmers Market from $102.00 to $140.00 and gave the company a “market perform” rating in a report on Thursday, October 31st. The Goldman Sachs Group boosted their target price on shares of Sprouts Farmers Market from $127.00 to $159.00 and gave the stock a “buy” rating in a report on Friday, November 1st. StockNews.com raised shares of Sprouts Farmers Market from a “hold” rating to a “buy” rating in a research note on Wednesday, January 15th. Finally, Wells Fargo & Company boosted their price objective on shares of Sprouts Farmers Market from $90.00 to $130.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 31st. Eight equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $118.40.

Sprouts Farmers Market Stock Performance

SFM stock opened at $150.15 on Tuesday. Sprouts Farmers Market, Inc. has a 1-year low of $49.74 and a 1-year high of $155.64. The company has a current ratio of 1.13, a quick ratio of 0.59 and a debt-to-equity ratio of 0.01. The stock has a 50-day moving average price of $141.78 and a 200-day moving average price of $119.75. The firm has a market cap of $15.01 billion, a PE ratio of 43.40, a price-to-earnings-growth ratio of 1.93 and a beta of 0.63.

Sprouts Farmers Market (NASDAQ:SFM) last issued its quarterly earnings results on Wednesday, October 30th. The company reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.14. The firm had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.88 billion. Sprouts Farmers Market had a return on equity of 28.24% and a net margin of 4.73%. The company’s revenue was up 13.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.65 earnings per share. As a group, equities research analysts expect that Sprouts Farmers Market, Inc. will post 3.68 earnings per share for the current year.

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.