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

Moran Wealth Management LLC reduced its position in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM - Free Report) by 5.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 159,741 shares of the company's stock after selling 8,766 shares during the period. Sprouts Farmers Market makes up approximately 0.8% of Moran Wealth Management LLC's investment portfolio, making the stock its 22nd biggest position. Moran Wealth Management LLC owned 0.16% of Sprouts Farmers Market worth $24,383,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Whipplewood Advisors LLC lifted its stake in Sprouts Farmers Market by 92.0% in the 1st quarter. Whipplewood Advisors LLC now owns 192 shares of the company's stock valued at $29,000 after purchasing an additional 92 shares during the last quarter. GeoWealth Management LLC increased its holdings in shares of Sprouts Farmers Market by 115.4% during the fourth quarter. GeoWealth Management LLC now owns 265 shares of the company's stock worth $34,000 after buying an additional 142 shares in the last quarter. Global Retirement Partners LLC lifted its stake in shares of 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 acquiring an additional 132 shares during the last quarter. Versant Capital Management Inc boosted its holdings in shares of Sprouts Farmers Market by 111.3% during the 1st quarter. Versant Capital Management Inc now owns 319 shares of the company's stock valued at $49,000 after acquiring an additional 168 shares in the last quarter. Finally, SBI Securities Co. Ltd. acquired a new stake in shares of Sprouts Farmers Market during the 4th quarter valued at $51,000.

Insider Activity

In related news, insider Timmi Zalatoris sold 2,000 shares of the stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $151.34, for a total transaction of $302,680.00. Following the completion of the transaction, the insider now owns 13,263 shares in the company, valued at approximately $2,007,222.42. This represents a 13.10% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Nicholas Konat sold 20,270 shares of the firm's stock in a transaction that occurred on Thursday, May 29th. The stock was sold at an average price of $167.50, for a total transaction of $3,395,225.00. Following the sale, the chief operating officer now owns 55,675 shares of the company's stock, valued at approximately $9,325,562.50. The trade was a 26.69% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 72,905 shares of company stock worth $11,963,931 over the last quarter. 1.10% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

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

Sprouts Farmers Market Stock Down 3.9%

NASDAQ SFM traded down $6.82 on Tuesday, hitting $166.47. 2,108,954 shares of the company were exchanged, compared to its average volume of 1,670,019. The company has a current ratio of 0.95, a quick ratio of 0.51 and a debt-to-equity ratio of 0.01. The company has a market cap of $16.29 billion, a PE ratio of 37.41, a PEG ratio of 1.92 and a beta of 0.81. The stock has a fifty day moving average of $165.38 and a 200-day moving average of $153.52. Sprouts Farmers Market, Inc. has a 12 month low of $79.34 and a 12 month high of $182.00.

Sprouts Farmers Market (NASDAQ:SFM - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The company reported $1.81 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.54 by $0.27. The company had revenue of $2.24 billion for the quarter, compared to analysts' expectations of $2.20 billion. Sprouts Farmers Market had a net margin of 5.53% and a return on equity of 34.20%. The business's revenue was up 18.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.12 EPS. As a group, analysts forecast 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.