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

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

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

Sprouts Farmers Market Trading Up 0.5%

Sprouts Farmers Market stock traded up $0.87 during trading on Wednesday, hitting $159.75. The company had a trading volume of 1,139,640 shares, compared to its average volume of 1,564,837. Sprouts Farmers Market, Inc. has a 1-year low of $79.34 and a 1-year high of $182.00. 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's 50 day simple moving average is $165.08 and its 200-day simple moving average is $155.01. The stock has a market cap of $15.63 billion, a price-to-earnings ratio of 35.90, a price-to-earnings-growth ratio of 2.05 and a beta of 0.77.

Sprouts Farmers Market (NASDAQ:SFM - Get Free Report) last issued 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 company had revenue of $2.24 billion during the quarter, compared to analysts' expectations of $2.20 billion. During the same quarter last year, the company posted $1.12 EPS. The firm's revenue was up 18.7% compared to the same quarter last year. As a group, analysts expect that Sprouts Farmers Market, Inc. will post 4.29 EPS for the current fiscal year.

Insider Activity at Sprouts Farmers Market

In related news, insider John Scott Neal sold 17,721 shares of the stock in a transaction on Thursday, May 15th. The stock was sold at an average price of $160.89, for a total value of $2,851,131.69. Following the transaction, the insider owned 14,178 shares of the company's stock, valued at $2,281,098.42. This represents a 55.55% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP Kim Coffin sold 3,643 shares of the firm's stock in a transaction dated Friday, May 2nd. The stock was sold at an average price of $174.27, for a total value of $634,865.61. Following the sale, the senior vice president directly owned 11,886 shares in the company, valued at $2,071,373.22. This trade represents a 23.46% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 69,990 shares of company stock worth $11,554,626 over the last ninety days. 1.10% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the stock. UBS Group boosted 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. Wells Fargo & Company boosted their price objective 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. Roth Capital set a $155.00 price target on Sprouts Farmers Market and gave the stock a "neutral" rating in a research report on Thursday, May 1st. Deutsche Bank Aktiengesellschaft upgraded Sprouts Farmers Market from a "hold" rating to a "buy" rating and raised their price objective for the company from $163.00 to $190.00 in a report on Monday, March 17th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Sprouts Farmers Market from $131.00 to $136.00 and gave the company a "neutral" rating in a research note on Tuesday, March 11th. Nine investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $167.79.

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.