8,497 Shares in Sprouts Farmers Market, Inc. (NASDAQ:SFM) Bought by Concurrent Investment Advisors LLC

Concurrent Investment Advisors LLC acquired a new stake in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM - Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm acquired 8,497 shares of the company's stock, valued at approximately $1,297,000.

A number of other large investors also recently modified their holdings of SFM. HighTower Advisors LLC increased its stake in Sprouts Farmers Market by 55.0% during the fourth quarter. HighTower Advisors LLC now owns 20,722 shares of the company's stock worth $2,633,000 after acquiring an additional 7,355 shares during the last quarter. Wells Fargo & Company MN boosted its holdings in shares of Sprouts Farmers Market by 26.2% in the 4th quarter. Wells Fargo & Company MN now owns 181,364 shares of the company's stock worth $23,046,000 after purchasing an additional 37,637 shares during the period. Sowell Financial Services LLC bought a new position in shares of Sprouts Farmers Market during the 1st quarter valued at approximately $270,000. Andrew Hill Investment Advisors Inc. raised its holdings in Sprouts Farmers Market by 145.8% during the 4th quarter. Andrew Hill Investment Advisors Inc. now owns 20,342 shares of the company's stock valued at $2,585,000 after buying an additional 12,067 shares during the period. Finally, Caisse DE Depot ET Placement DU Quebec bought a new stake in Sprouts Farmers Market in the fourth quarter worth $2,618,000.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on SFM. Wells Fargo & Company increased their price objective on shares of Sprouts Farmers Market from $170.00 to $175.00 and gave the stock an "equal weight" rating in a research report on Thursday, May 1st. Royal Bank Of Canada increased their price target on Sprouts Farmers Market from $160.00 to $172.00 and gave the stock a "sector perform" rating in a report on Thursday, May 1st. Roth Capital set a $155.00 price target on Sprouts Farmers Market and gave the stock a "neutral" rating in a research note on Thursday, May 1st. UBS Group upped their price objective on Sprouts Farmers Market from $195.00 to $196.00 and gave the company a "neutral" rating in a research report on Thursday, May 1st. Finally, Wall Street Zen upgraded Sprouts Farmers Market from a "hold" rating to a "buy" rating in a research report on Wednesday, April 23rd. Nine research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, Sprouts Farmers Market has an average rating of "Hold" and an average price target of $167.79.

Sprouts Farmers Market Stock Up 0.6%

SFM stock traded up $0.98 during trading on Friday, reaching $159.70. 832,198 shares of the company traded hands, compared to its average volume of 1,775,460. The business has a 50 day simple moving average of $164.60 and a 200 day simple moving average of $155.24. Sprouts Farmers Market, Inc. has a 12 month low of $81.41 and a 12 month high of $182.00. 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 company has a market capitalization of $15.63 billion, a price-to-earnings ratio of 35.89, a price-to-earnings-growth ratio of 2.00 and a beta of 0.77.

Sprouts Farmers Market (NASDAQ:SFM - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The company reported $1.81 earnings per share for the quarter, beating analysts' consensus estimates 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 business had revenue of $2.24 billion for the quarter, compared to analysts' expectations of $2.20 billion. During the same period last year, the business earned $1.12 EPS. The company's revenue was up 18.7% compared to the same quarter last year. On average, equities research analysts anticipate that Sprouts Farmers Market, Inc. will post 4.29 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Jack Sinclair sold 4,054 shares of the stock in a transaction on Monday, June 16th. The stock was sold at an average price of $160.45, for a total transaction of $650,464.30. Following the completion of the sale, the chief executive officer owned 174,740 shares in the company, valued at approximately $28,037,033. This represents a 2.27% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Stacy W. Hilgendorf sold 2,247 shares of the business's stock in a transaction on Friday, May 2nd. The stock was sold at an average price of $173.00, for a total value of $388,731.00. Following the transaction, the vice president owned 7,979 shares in the company, valued at approximately $1,380,367. This trade represents a 21.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 74,035 shares of company stock valued at $12,213,719. 1.10% of the stock is currently owned by company insiders.

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.