MorganRosel Wealth Management LLC Reduces Holdings in Sprouts Farmers Market, Inc. (NASDAQ:SFM)

MorganRosel Wealth Management LLC decreased its stake in Sprouts Farmers Market, Inc. (NASDAQ:SFM - Free Report) by 14.9% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 10,857 shares of the company's stock after selling 1,905 shares during the period. MorganRosel Wealth Management LLC's holdings in Sprouts Farmers Market were worth $1,657,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in SFM. Vanguard Group Inc. grew its stake in shares of Sprouts Farmers Market by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 10,604,819 shares of the company's stock worth $1,347,554,000 after acquiring an additional 56,652 shares during the period. Renaissance Technologies LLC lifted its holdings in Sprouts Farmers Market by 0.5% during the fourth quarter. Renaissance Technologies LLC now owns 4,464,644 shares of the company's stock valued at $567,322,000 after purchasing an additional 24,000 shares during the last quarter. Marshall Wace LLP boosted its position in Sprouts Farmers Market by 10.1% during the fourth quarter. Marshall Wace LLP now owns 1,843,320 shares of the company's stock worth $234,231,000 after purchasing an additional 168,605 shares during the period. Invesco Ltd. increased its stake in shares of Sprouts Farmers Market by 22.9% in the fourth quarter. Invesco Ltd. now owns 1,582,896 shares of the company's stock worth $201,139,000 after purchasing an additional 294,553 shares in the last quarter. Finally, Assenagon Asset Management S.A. raised its position in shares of Sprouts Farmers Market by 1,033.4% in the first quarter. Assenagon Asset Management S.A. now owns 1,476,351 shares of the company's stock valued at $225,350,000 after purchasing an additional 1,346,097 shares during the period.

Sprouts Farmers Market Price Performance

SFM traded down $2.20 on Wednesday, reaching $159.90. The company had a trading volume of 2,223,339 shares, compared to its average volume of 1,561,637. Sprouts Farmers Market, Inc. has a 52-week low of $79.34 and a 52-week high of $182.00. The company has a market cap of $15.65 billion, a price-to-earnings ratio of 35.93, a P/E/G ratio of 2.02 and a beta of 0.77. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.51 and a current ratio of 0.95. The business has a 50 day simple moving average of $165.65 and a 200 day simple moving average of $154.18.

Sprouts Farmers Market (NASDAQ:SFM - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The company reported $1.81 earnings per share for the quarter, beating the consensus estimate of $1.54 by $0.27. Sprouts Farmers Market had a net margin of 5.53% and a return on equity of 34.20%. The firm had revenue of $2.24 billion for the quarter, compared to analysts' expectations of $2.20 billion. During the same quarter last year, the company posted $1.12 EPS. The business's quarterly revenue was up 18.7% on a year-over-year basis. As a group, sell-side analysts anticipate that Sprouts Farmers Market, Inc. will post 4.29 EPS for the current year.

Insider Buying and Selling

In other news, Director Douglas Gregory Rauch sold 1,000 shares of the business's stock in a transaction that occurred on Friday, May 16th. The shares were sold at an average price of $167.16, for a total value of $167,160.00. Following the completion of the sale, the director directly owned 8,598 shares in the company, valued at approximately $1,437,241.68. The trade was a 10.42% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Terri F. Graham sold 1,278 shares of the stock in a transaction on Tuesday, June 3rd. The shares were sold at an average price of $180.00, for a total transaction of $230,040.00. Following the transaction, the director directly owned 32,910 shares in the company, valued at approximately $5,923,800. This represents a 3.74% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 72,905 shares of company stock worth $11,990,011 over the last ninety days. Corporate insiders own 1.10% of the company's stock.

Wall Street Analysts Forecast Growth

SFM has been the subject of several analyst reports. Wall Street Zen raised shares of Sprouts Farmers Market from a "hold" rating to a "buy" rating in a report on Wednesday, April 23rd. Deutsche Bank Aktiengesellschaft upgraded Sprouts Farmers Market from a "hold" rating to a "buy" rating and increased their target price for the stock from $163.00 to $190.00 in a research report on Monday, March 17th. Roth Capital set a $155.00 price target on Sprouts Farmers Market and gave the company a "neutral" rating in a research report on Thursday, May 1st. Evercore ISI increased their price objective on Sprouts Farmers Market from $180.00 to $185.00 and gave the stock an "outperform" rating in a report on Thursday, May 1st. Finally, Wells Fargo & Company raised their target price on Sprouts Farmers Market from $170.00 to $175.00 and gave the stock an "equal weight" rating in a research note on Thursday, May 1st. Nine research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Sprouts Farmers Market presently has an average rating of "Hold" and an average price target of $167.79.

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.