MorganRosel Wealth Management LLC Sells 2,391 Shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM)

MorganRosel Wealth Management LLC reduced its position in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 15.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 12,762 shares of the company’s stock after selling 2,391 shares during the period. MorganRosel Wealth Management LLC’s holdings in Sprouts Farmers Market were worth $1,622,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Los Angeles Capital Management LLC lifted its stake in shares of Sprouts Farmers Market by 16.5% in the fourth quarter. Los Angeles Capital Management LLC now owns 45,087 shares of the company’s stock worth $5,729,000 after acquiring an additional 6,397 shares during the period. Y Intercept Hong Kong Ltd acquired a new position in shares of Sprouts Farmers Market in the fourth quarter worth approximately $6,191,000. Union Bancaire Privee UBP SA acquired a new position in shares of Sprouts Farmers Market in the fourth quarter worth approximately $2,845,000. MONECO Advisors LLC acquired a new stake in shares of Sprouts Farmers Market during the 4th quarter worth approximately $232,000. Finally, TCW Group Inc. grew its position in shares of Sprouts Farmers Market by 1.1% during the 4th quarter. TCW Group Inc. now owns 26,943 shares of the company’s stock worth $3,424,000 after buying an additional 303 shares during the period.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Wells Fargo & Company raised their price objective on shares of Sprouts Farmers Market from $140.00 to $170.00 and gave the stock an “equal weight” rating in a research report on Friday. Roth Mkm raised their price objective on shares of Sprouts Farmers Market from $105.00 to $146.00 and gave the stock a “neutral” rating in a research report on Friday. UBS Group lifted their price target on shares of Sprouts Farmers Market from $132.00 to $195.00 and gave the company a “neutral” rating in a research report on Wednesday, February 19th. StockNews.com raised shares of Sprouts Farmers Market from a “hold” rating to a “buy” rating in a report on Friday. Finally, The Goldman Sachs Group lifted their price objective on shares of Sprouts Farmers Market from $174.00 to $200.00 and gave the stock a “buy” rating in a report on Friday. Eight analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $152.40.

Sprouts Farmers Market Trading Up 0.1 %

NASDAQ SFM opened at $143.48 on Tuesday. Sprouts Farmers Market, Inc. has a one year low of $59.13 and a one year high of $178.99. The business’s fifty day moving average is $148.12 and its 200-day moving average is $130.44. The stock has a market capitalization of $14.14 billion, a price-to-earnings ratio of 38.16, a PEG ratio of 2.31 and a beta of 0.63. 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 (NASDAQ:SFM) last announced its quarterly earnings data 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 analysts’ expectations of $1.96 billion. Sprouts Farmers Market had a return on equity of 29.86% and a net margin of 4.93%. Equities research analysts predict that Sprouts Farmers Market, Inc. will post 4.29 EPS for the current year.

Insider Buying and Selling at Sprouts Farmers Market

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

About Sprouts Farmers Market

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.