MorganRosel Wealth Management LLC Sells 2,096 Shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM)

MorganRosel Wealth Management LLC lowered its position in Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 8.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 23,284 shares of the company’s stock after selling 2,096 shares during the quarter. MorganRosel Wealth Management LLC’s holdings in Sprouts Farmers Market were worth $1,501,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Parallel Advisors LLC increased its stake in Sprouts Farmers Market by 11.7% in the 4th quarter. Parallel Advisors LLC now owns 1,987 shares of the company’s stock worth $96,000 after buying an additional 208 shares during the period. Xponance Inc. grew its stake in Sprouts Farmers Market by 1.4% in the 4th quarter. Xponance Inc. now owns 14,976 shares of the company’s stock worth $720,000 after acquiring an additional 209 shares in the last quarter. Baldwin Brothers LLC MA raised its stake in shares of Sprouts Farmers Market by 20.0% during the fourth quarter. Baldwin Brothers LLC MA now owns 1,260 shares of the company’s stock valued at $61,000 after acquiring an additional 210 shares in the last quarter. Nations Financial Group Inc. IA ADV raised its stake in shares of Sprouts Farmers Market by 3.1% during the fourth quarter. Nations Financial Group Inc. IA ADV now owns 7,149 shares of the company’s stock valued at $344,000 after acquiring an additional 216 shares in the last quarter. Finally, CreativeOne Wealth LLC boosted its holdings in shares of Sprouts Farmers Market by 4.5% in the fourth quarter. CreativeOne Wealth LLC now owns 5,137 shares of the company’s stock valued at $247,000 after purchasing an additional 220 shares during the period.

Sprouts Farmers Market Stock Up 0.9 %

SFM opened at $84.40 on Monday. The company has a fifty day moving average of $76.03 and a two-hundred day moving average of $62.98. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.65 and a current ratio of 1.19. Sprouts Farmers Market, Inc. has a fifty-two week low of $36.16 and a fifty-two week high of $84.40. The stock has a market capitalization of $8.48 billion, a price-to-earnings ratio of 28.85, a PEG ratio of 3.19 and a beta of 0.55.

Sprouts Farmers Market (NASDAQ:SFM) last released its quarterly earnings results on Wednesday, May 1st. The company reported $1.12 earnings per share for the quarter, topping analysts’ consensus estimates of $1.00 by $0.12. The company had revenue of $1.88 billion during the quarter, compared to analysts’ expectations of $1.85 billion. Sprouts Farmers Market had a return on equity of 26.77% and a net margin of 4.25%. Sprouts Farmers Market’s quarterly revenue was up 8.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.98 EPS. On average, research analysts expect that Sprouts Farmers Market, Inc. will post 3.12 earnings per share for the current year.

Insider Buying and Selling

In other news, CEO Jack Sinclair sold 5,718 shares of the firm’s stock in a transaction that occurred on Thursday, June 20th. The stock was sold at an average price of $77.07, for a total value of $440,686.26. Following the transaction, the chief executive officer now owns 256,716 shares in the company, valued at $19,785,102.12. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Sprouts Farmers Market news, SVP Kim Coffin sold 1,322 shares of the stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $75.05, for a total value of $99,216.10. Following the completion of the sale, the senior vice president now owns 5,500 shares in the company, valued at approximately $412,775. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Jack Sinclair sold 5,718 shares of the business’s stock in a transaction that occurred on Thursday, June 20th. The stock was sold at an average price of $77.07, for a total value of $440,686.26. Following the transaction, the chief executive officer now owns 256,716 shares in the company, valued at $19,785,102.12. The disclosure for this sale can be found here. Insiders sold a total of 60,433 shares of company stock worth $4,522,865 in the last 90 days. Insiders own 1.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on SFM. UBS Group lifted their target price on Sprouts Farmers Market from $68.00 to $94.00 and gave the company a “neutral” rating in a research report on Friday. Oppenheimer reaffirmed a “market perform” rating on shares of Sprouts Farmers Market in a research note on Monday, April 29th. The Goldman Sachs Group raised their target price on shares of Sprouts Farmers Market from $56.00 to $71.00 and gave the company a “buy” rating in a research report on Tuesday, March 5th. BMO Capital Markets upped their price target on shares of Sprouts Farmers Market from $31.00 to $40.00 and gave the stock an “underperform” rating in a research report on Thursday, May 2nd. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Sprouts Farmers Market from $60.00 to $63.00 and gave the company a “hold” rating in a report on Thursday, May 9th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $64.00.

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.