Moran Wealth Management LLC Has $21.41 Million Holdings in Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Moran Wealth Management LLC lessened its holdings in Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 6.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 168,507 shares of the company’s stock after selling 12,180 shares during the quarter. Moran Wealth Management LLC owned approximately 0.17% of Sprouts Farmers Market worth $21,412,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of SFM. Accent Capital Management LLC acquired a new stake in Sprouts Farmers Market during the 3rd quarter worth $25,000. Mirae Asset Global Investments Co. Ltd. bought a new position in Sprouts Farmers Market in the fourth quarter valued at approximately $31,000. Avior Wealth Management LLC boosted its holdings in shares of Sprouts Farmers Market by 93.5% in the fourth quarter. Avior Wealth Management LLC now owns 269 shares of the company’s stock valued at $34,000 after buying an additional 130 shares during the period. Global Retirement Partners LLC increased its stake in Sprouts Farmers Market by 84.1% in the 4th quarter. Global Retirement Partners LLC now owns 289 shares of the company’s stock valued at $37,000 after buying an additional 132 shares during the last quarter. Finally, First Horizon Advisors Inc. lifted its position in Sprouts Farmers Market by 80.6% during the 3rd quarter. First Horizon Advisors Inc. now owns 363 shares of the company’s stock worth $40,000 after buying an additional 162 shares in the last quarter.

Insider Activity at Sprouts Farmers Market

In related news, Director Douglas Gregory Rauch sold 700 shares of the company’s stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $148.89, for a total transaction of $104,223.00. Following the completion of the sale, the director now owns 10,874 shares of the company’s stock, valued at $1,619,029.86. This represents a 6.05 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Jack Sinclair sold 5,714 shares of the stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $138.99, for a total transaction of $794,188.86. Following the sale, the chief executive officer now owns 158,148 shares in the company, valued at $21,980,990.52. The trade was a 3.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 47,264 shares of company stock worth $6,995,193. Company insiders own 1.10% of the company’s stock.

Sprouts Farmers Market Stock Down 0.8 %

SFM opened at $136.97 on Monday. The stock has a fifty day moving average of $150.28 and a 200-day moving average of $133.42. The company has a market capitalization of $13.50 billion, a P/E ratio of 36.43, a P/E/G ratio of 2.31 and a beta of 0.67. Sprouts Farmers Market, Inc. has a fifty-two week low of $60.46 and a fifty-two week high of $178.99. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.59 and a current ratio of 1.13.

Sprouts Farmers Market (NASDAQ:SFM) last issued its quarterly earnings data 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. Sprouts Farmers Market had a net margin of 4.93% and a return on equity of 29.86%. The business had revenue of $2 billion during the quarter, compared to analysts’ expectations of $1.96 billion. On average, equities analysts expect that Sprouts Farmers Market, Inc. will post 4.29 EPS for the current year.

Wall Street Analyst Weigh In

SFM has been the topic of several analyst reports. Bank of America upped their target price on Sprouts Farmers Market from $165.00 to $185.00 and gave the stock a “buy” rating in a report on Tuesday, February 11th. The Goldman Sachs Group boosted their target price on shares of Sprouts Farmers Market from $174.00 to $200.00 and gave the stock a “buy” rating in a report on Friday, February 21st. Roth Mkm increased their price target on shares of Sprouts Farmers Market from $105.00 to $146.00 and gave the company a “neutral” rating in a research note on Friday, February 21st. Northcoast Research raised shares of Sprouts Farmers Market from a “neutral” rating to a “buy” rating and set a $185.00 price objective for the company in a research report on Friday, February 28th. Finally, Jefferies Financial Group upped their target price on shares of Sprouts Farmers Market from $119.00 to $139.00 and gave the company a “hold” rating in a report on Tuesday, February 25th. Nine analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $154.00.

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.