Consolidated Capital Management LLC Acquires New Stake in Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Consolidated Capital Management LLC purchased a new stake in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM - Free Report) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 34,193 shares of the company's stock, valued at approximately $5,219,000. Sprouts Farmers Market comprises approximately 2.2% of Consolidated Capital Management LLC's holdings, making the stock its 17th biggest position.

A number of other institutional investors have also recently made changes to their positions in the company. Crossmark Global Holdings Inc. boosted its position in shares of Sprouts Farmers Market by 1.2% during the first quarter. Crossmark Global Holdings Inc. now owns 7,201 shares of the company's stock valued at $1,099,000 after buying an additional 84 shares during the last quarter. Concurrent Investment Advisors LLC purchased a new stake in shares of Sprouts Farmers Market during the first quarter valued at $1,297,000. World Investment Advisors purchased a new stake in shares of Sprouts Farmers Market during the first quarter valued at $527,000. OneDigital Investment Advisors LLC boosted its position in shares of Sprouts Farmers Market by 72.0% during the first quarter. OneDigital Investment Advisors LLC now owns 3,144 shares of the company's stock valued at $480,000 after buying an additional 1,316 shares during the last quarter. Finally, Calamos Advisors LLC boosted its position in Sprouts Farmers Market by 80.0% in the first quarter. Calamos Advisors LLC now owns 11,095 shares of the company's stock worth $1,694,000 after purchasing an additional 4,930 shares during the last quarter.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Wells Fargo & Company raised their target price on 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. JPMorgan Chase & Co. raised their target price on Sprouts Farmers Market from $131.00 to $136.00 and gave the stock a "neutral" rating in a research report on Tuesday, March 11th. Wall Street Zen raised 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 target price on Sprouts Farmers Market and gave the stock a "neutral" rating in a research report on Thursday, May 1st. Finally, Royal Bank Of Canada raised their target price on Sprouts Farmers Market from $160.00 to $172.00 and gave the stock a "sector perform" rating in a research report 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. According to MarketBeat, Sprouts Farmers Market has a consensus rating of "Hold" and a consensus price target of $167.79.

Sprouts Farmers Market Price Performance

SFM traded up $1.98 on Wednesday, hitting $160.86. 208,677 shares of the company's stock traded hands, compared to its average volume of 1,561,521. The company's 50 day simple moving average is $165.08 and its 200-day simple moving average is $155.01. The firm has a market cap of $15.74 billion, a price-to-earnings ratio of 36.08, a P/E/G ratio of 2.05 and a beta of 0.77. Sprouts Farmers Market, Inc. has a one year low of $79.34 and a one 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.

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. Sprouts Farmers Market had a return on equity of 34.20% and a net margin of 5.53%. The business had revenue of $2.24 billion for the quarter, compared to the consensus estimate of $2.20 billion. During the same quarter in the previous year, the company posted $1.12 EPS. The company's revenue was up 18.7% compared to the same quarter last year. As a group, research analysts anticipate that Sprouts Farmers Market, Inc. will post 4.29 EPS for the current year.

Insiders Place Their Bets

In other news, insider Timmi Zalatoris sold 2,000 shares of the business's stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $164.38, for a total transaction of $328,760.00. Following the transaction, the insider owned 13,263 shares of the company's stock, valued at approximately $2,180,171.94. The trade was a 13.10% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Jack Sinclair sold 4,045 shares of the business's stock in a transaction that occurred on Tuesday, June 17th. The shares were sold at an average price of $161.81, for a total value of $654,521.45. Following the transaction, the chief executive officer directly owned 174,740 shares in the company, valued at approximately $28,274,679.40. This represents a 2.26% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 69,990 shares of company stock worth $11,554,626. Insiders own 1.10% of the company's stock.

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.