RWA Wealth Partners LLC Trims Stock Position in Sprouts Farmers Market, Inc. (NASDAQ:SFM)

RWA Wealth Partners LLC decreased its stake in Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 43.4% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund 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 made changes to their positions in the company. D.A. Davidson & CO. purchased a new stake in shares of Sprouts Farmers Market during the third quarter worth $220,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Sprouts Farmers Market by 76.1% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 40,058 shares of the company’s stock worth $4,423,000 after acquiring an additional 17,305 shares during the last quarter. Edgestream Partners L.P. acquired a new position in Sprouts Farmers Market during the third quarter worth about $2,640,000. Kestra Investment Management LLC purchased a new stake in Sprouts Farmers Market during the 3rd quarter valued at about $296,000. Finally, Paloma Partners Management Co acquired a new stake in Sprouts Farmers Market in the 3rd quarter valued at about $935,000.

Insider Activity at Sprouts Farmers Market

In other news, CMO Alisa Gmelich sold 445 shares of the company’s stock in a transaction on Monday, March 17th. The stock was sold at an average price of $137.42, for a total transaction of $61,151.90. Following the sale, the chief marketing officer now owns 4,436 shares of the company’s stock, valued at approximately $609,595.12. This represents a 9.12 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Jack Sinclair sold 49,898 shares of the stock in a transaction on Monday, March 17th. The shares were sold at an average price of $137.42, for a total value of $6,856,983.16. Following the completion of the sale, the chief executive officer now owns 189,449 shares in the company, valued at approximately $26,034,081.58. The trade was a 20.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 96,784 shares of company stock worth $13,534,466. 1.10% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. The Goldman Sachs Group upped their price target on Sprouts Farmers Market from $174.00 to $200.00 and gave the company a “buy” rating in a research report on Friday, February 21st. BMO Capital Markets upped their target price on Sprouts Farmers Market from $140.00 to $180.00 and gave the company a “market perform” rating in a report on Friday, February 21st. Jefferies Financial Group lifted their price target on Sprouts Farmers Market from $119.00 to $139.00 and gave the stock a “hold” rating in a report on Tuesday, February 25th. Deutsche Bank Aktiengesellschaft raised shares of Sprouts Farmers Market from a “hold” rating to a “buy” rating and upped their price objective for the company from $163.00 to $190.00 in a report on Monday, March 17th. Finally, Roth Mkm lifted their target price on shares of Sprouts Farmers Market from $105.00 to $146.00 and gave the stock a “neutral” rating in a research note on Friday, February 21st. Ten equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $167.00.

Sprouts Farmers Market Price Performance

Sprouts Farmers Market stock opened at $155.25 on Wednesday. The company’s 50 day simple moving average is $152.20 and its 200-day simple moving average is $138.45. 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 has a market capitalization of $15.22 billion, a price-to-earnings ratio of 41.29, a price-to-earnings-growth ratio of 2.31 and a beta of 0.67.

Sprouts Farmers Market (NASDAQ:SFM) last announced its earnings results on Thursday, February 20th. The company reported $0.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.72 by $0.07. Sprouts Farmers Market had a return on equity of 29.86% and a net margin of 4.93%. The company had revenue of $2 billion for the quarter, compared to analyst estimates of $1.96 billion. As a group, equities research analysts expect that Sprouts Farmers Market, Inc. will post 4.29 earnings per share for the current year.

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.