Sprouts Farmers Market, Inc. (NASDAQ:SFM) Shares Sold by RWA Wealth Partners LLC

RWA Wealth Partners LLC cut its position in Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 43.4% during the fourth quarter, HoldingsChannel reports. The firm owned 3,976 shares of the company’s stock after selling 3,049 shares during the quarter. RWA Wealth Partners LLC’s holdings in Sprouts Farmers Market were worth $505,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Sprouts Farmers Market during the 4th quarter worth about $31,000. Avior Wealth Management LLC increased its stake in 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 purchasing an additional 130 shares during the last quarter. Global Retirement Partners LLC raised its holdings in Sprouts Farmers Market by 84.1% during the fourth quarter. Global Retirement Partners LLC now owns 289 shares of the company’s stock worth $37,000 after purchasing an additional 132 shares in the last quarter. SBI Securities Co. Ltd. acquired a new position in shares of Sprouts Farmers Market in the 4th quarter valued at $51,000. Finally, V Square Quantitative Management LLC grew its position in shares of Sprouts Farmers Market by 32.9% in the 4th quarter. V Square Quantitative Management LLC now owns 460 shares of the company’s stock valued at $58,000 after buying an additional 114 shares during the last quarter.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on SFM shares. Jefferies Financial Group boosted their price target on shares of Sprouts Farmers Market from $119.00 to $139.00 and gave the company a “hold” rating in a research report on Tuesday, February 25th. UBS Group boosted their target price on Sprouts Farmers Market from $132.00 to $195.00 and gave the company a “neutral” rating in a report on Wednesday, February 19th. JPMorgan Chase & Co. raised their price target on Sprouts Farmers Market from $131.00 to $136.00 and gave the stock a “neutral” rating in a research note on Tuesday, March 11th. BMO Capital Markets boosted their price objective on Sprouts Farmers Market from $140.00 to $180.00 and gave the company a “market perform” rating in a research note on Friday, February 21st. Finally, Northcoast Research upgraded shares of Sprouts Farmers Market from a “neutral” rating to a “buy” rating and set a $185.00 target price on the stock in a research report on Friday, February 28th. Ten research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $167.00.

Insider Transactions at Sprouts Farmers Market

In other news, insider Timmi Zalatoris sold 1,065 shares of the stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $134.97, for a total value of $143,743.05. Following the completion of the transaction, the insider now owns 9,830 shares in the company, valued at $1,326,755.10. This trade represents a 9.78 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Stacy W. Hilgendorf sold 890 shares of the business’s stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $137.42, for a total transaction of $122,303.80. Following the sale, the vice president now directly owns 9,347 shares in the company, valued at approximately $1,284,464.74. This represents a 8.69 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 96,784 shares of company stock valued at $13,534,466. Corporate insiders own 1.10% of the company’s stock.

Sprouts Farmers Market Stock Performance

Shares of SFM opened at $155.25 on Wednesday. The stock has a market capitalization of $15.22 billion, a P/E ratio of 41.29, a P/E/G ratio of 2.31 and a beta of 0.67. 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, Inc. has a 1 year low of $61.61 and a 1 year high of $178.99. The company’s fifty day moving average is $152.20 and its two-hundred day moving average is $138.45.

Sprouts Farmers Market (NASDAQ:SFM) last issued its quarterly earnings results on Thursday, February 20th. The company reported $0.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.72 by $0.07. The business had revenue of $2 billion for the quarter, compared to analyst estimates of $1.96 billion. Sprouts Farmers Market had a net margin of 4.93% and a return on equity of 29.86%. On average, sell-side analysts predict that Sprouts Farmers Market, Inc. will post 4.29 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.