Concurrent Investment Advisors LLC Takes $1.30 Million Position in Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Concurrent Investment Advisors LLC purchased a new position in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM - Free Report) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 8,497 shares of the company's stock, valued at approximately $1,297,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Whipplewood Advisors LLC raised its stake in shares of 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 acquiring an additional 92 shares during the period. GeoWealth Management LLC raised its stake in shares of Sprouts Farmers Market by 115.4% in the 4th quarter. GeoWealth Management LLC now owns 265 shares of the company's stock valued at $34,000 after acquiring an additional 142 shares during the period. Versant Capital Management Inc raised its stake in shares of Sprouts Farmers Market by 111.3% in 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 during the period. SBI Securities Co. Ltd. purchased a new stake in shares of Sprouts Farmers Market in the 4th quarter valued at approximately $51,000. Finally, Toronto Dominion Bank purchased a new stake in shares of Sprouts Farmers Market in the 4th quarter valued at approximately $63,000.

Insider Activity at Sprouts Farmers Market

In other news, COO Nicholas Konat sold 20,270 shares of the firm's stock in a transaction on Thursday, May 29th. The shares were sold at an average price of $167.50, for a total value of $3,395,225.00. Following the completion of the sale, the chief operating officer owned 55,675 shares in the company, valued at approximately $9,325,562.50. This trade represents a 26.69% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider John Scott Neal sold 17,721 shares of the firm's stock in a transaction on Thursday, May 15th. The stock was sold at an average price of $160.89, for a total transaction of $2,851,131.69. Following the completion of the sale, the insider owned 14,178 shares of the company's stock, valued at $2,281,098.42. This trade represents a 55.55% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 74,035 shares of company stock worth $12,213,719 in the last 90 days. Corporate insiders own 1.10% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. Wells Fargo & Company upped their target price on shares of 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. Evercore ISI upped their target price 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. Royal Bank Of Canada upped their target price on shares of Sprouts Farmers Market from $160.00 to $172.00 and gave the stock a "sector perform" rating in a research note on Thursday, May 1st. UBS Group upped their target price on shares of Sprouts Farmers Market from $195.00 to $196.00 and gave the stock a "neutral" rating in a research note on Thursday, May 1st. Finally, Roth Capital set a $155.00 target price on shares of Sprouts Farmers Market and gave the stock a "neutral" rating in a research note on Thursday, May 1st. Nine research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, Sprouts Farmers Market currently has an average rating of "Hold" and a consensus price target of $167.79.

Sprouts Farmers Market Stock Down 0.6%

NASDAQ SFM traded down $1.03 on Thursday, hitting $158.72. 1,335,295 shares of the stock were exchanged, compared to its average volume of 1,567,932. The company has a 50-day moving average price of $164.60 and a 200-day moving average price of $155.24. Sprouts Farmers Market, Inc. has a fifty-two week low of $80.69 and a fifty-two week high of $182.00. The company has a quick ratio of 0.51, a current ratio of 0.95 and a debt-to-equity ratio of 0.01. The company has a market cap of $15.53 billion, a PE ratio of 35.67, a PEG 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 EPS 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 during the quarter, compared to the consensus estimate of $2.20 billion. During the same quarter in the prior year, the firm earned $1.12 EPS. Sprouts Farmers Market's revenue for the quarter was up 18.7% on a year-over-year basis. Sell-side analysts anticipate that Sprouts Farmers Market, Inc. will post 4.29 EPS for the current fiscal year.

Sprouts Farmers Market Company 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.