MorganRosel Wealth Management LLC Sells 2,419 Shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM)

MorganRosel Wealth Management LLC trimmed its stake in Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 13.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 15,153 shares of the company’s stock after selling 2,419 shares during the period. MorganRosel Wealth Management LLC’s holdings in Sprouts Farmers Market were worth $1,673,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the stock. Vanguard Group Inc. raised its position in Sprouts Farmers Market by 0.3% in the 1st quarter. Vanguard Group Inc. now owns 10,715,970 shares of the company’s stock valued at $690,966,000 after purchasing an additional 29,362 shares during the last quarter. Renaissance Technologies LLC raised its holdings in shares of Sprouts Farmers Market by 15.4% in the second quarter. Renaissance Technologies LLC now owns 4,438,144 shares of the company’s stock valued at $371,295,000 after buying an additional 593,600 shares during the last quarter. Nordea Investment Management AB lifted its position in Sprouts Farmers Market by 9.8% during the 1st quarter. Nordea Investment Management AB now owns 3,336,707 shares of the company’s stock worth $216,419,000 after buying an additional 297,067 shares in the last quarter. Marshall Wace LLP grew its holdings in Sprouts Farmers Market by 167.4% during the 2nd quarter. Marshall Wace LLP now owns 1,555,192 shares of the company’s stock worth $130,107,000 after acquiring an additional 973,666 shares during the last quarter. Finally, Goldman Sachs Group Inc. increased its position in Sprouts Farmers Market by 36.9% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,478,588 shares of the company’s stock valued at $71,135,000 after acquiring an additional 398,901 shares in the last quarter.

Sprouts Farmers Market Price Performance

Shares of SFM opened at $116.12 on Friday. The stock has a market cap of $11.67 billion, a P/E ratio of 40.04, a price-to-earnings-growth ratio of 3.24 and a beta of 0.56. Sprouts Farmers Market, Inc. has a 1 year low of $39.76 and a 1 year high of $116.24. The stock’s 50-day moving average price is $103.37 and its two-hundred day moving average price is $85.67. The company has a current ratio of 1.03, a quick ratio of 0.44 and a debt-to-equity ratio of 0.01.

Sprouts Farmers Market (NASDAQ:SFM) last released its quarterly earnings data on Monday, July 29th. The company reported $0.94 earnings per share for the quarter, topping the consensus estimate of $0.78 by $0.16. Sprouts Farmers Market had a net margin of 4.52% and a return on equity of 27.53%. The business had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.84 billion. During the same quarter last year, the firm earned $0.71 EPS. Sprouts Farmers Market’s quarterly revenue was up 12.3% compared to the same quarter last year. On average, equities analysts predict that Sprouts Farmers Market, Inc. will post 3.37 earnings per share for the current year.

Analysts Set New Price Targets

SFM has been the topic of a number of research reports. Evercore ISI upgraded shares of Sprouts Farmers Market from an “in-line” rating to an “outperform” rating and upped their target price for the stock from $96.00 to $120.00 in a research report on Monday, September 16th. The Goldman Sachs Group upped their price objective on Sprouts Farmers Market from $89.00 to $111.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. BMO Capital Markets raised Sprouts Farmers Market from an “underperform” rating to a “market perform” rating and lifted their target price for the company from $40.00 to $102.00 in a research note on Tuesday, July 30th. Wells Fargo & Company upgraded Sprouts Farmers Market from an “underweight” rating to an “equal weight” rating and boosted their target price for the stock from $62.00 to $90.00 in a research report on Tuesday, July 30th. Finally, Royal Bank of Canada initiated coverage on Sprouts Farmers Market in a report on Thursday, September 12th. They issued a “sector perform” rating and a $107.00 price target on the stock. Nine equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, Sprouts Farmers Market currently has a consensus rating of “Hold” and an average target price of $99.80.

Insider Activity at Sprouts Farmers Market

In other Sprouts Farmers Market news, insider Timmi Zalatoris sold 56,800 shares of the stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $100.00, for a total value of $5,680,000.00. Following the completion of the sale, the insider now directly owns 10,895 shares in the company, valued at $1,089,500. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO Jack Sinclair sold 5,714 shares of the business’s stock in a transaction on Monday, October 7th. The shares were sold at an average price of $112.41, for a total value of $642,310.74. Following the sale, the chief executive officer now directly owns 211,004 shares of the company’s stock, valued at approximately $23,718,959.64. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Timmi Zalatoris sold 56,800 shares of the stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $100.00, for a total value of $5,680,000.00. Following the transaction, the insider now owns 10,895 shares of the company’s stock, valued at approximately $1,089,500. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 123,221 shares of company stock worth $12,296,487 in the last quarter. Corporate insiders own 1.10% of the company’s stock.

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.