Consolidated Capital Management LLC Makes New $5.22 Million Investment in Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Consolidated Capital Management LLC bought 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 Form 13F filing with the SEC. The firm bought 34,193 shares of the company's stock, valued at approximately $5,219,000. Sprouts Farmers Market accounts for approximately 2.2% of Consolidated Capital Management LLC's holdings, making the stock its 17th largest position.

Other large investors have also recently bought and sold shares of the company. Whipplewood Advisors LLC lifted its stake in Sprouts Farmers Market by 92.0% during the first quarter. Whipplewood Advisors LLC now owns 192 shares of the company's stock valued at $29,000 after purchasing an additional 92 shares during the last quarter. GeoWealth Management LLC grew its holdings 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 worth $34,000 after acquiring an additional 142 shares during the last quarter. Versant Capital Management Inc lifted its stake in Sprouts Farmers Market by 111.3% during the first quarter. Versant Capital Management Inc now owns 319 shares of the company's stock valued at $49,000 after buying an additional 168 shares in the last quarter. SBI Securities Co. Ltd. purchased a new stake in Sprouts Farmers Market during the fourth quarter valued at about $51,000. Finally, Contravisory Investment Management Inc. lifted its stake in Sprouts Farmers Market by 100.9% during the first quarter. Contravisory Investment Management Inc. now owns 454 shares of the company's stock valued at $69,000 after buying an additional 228 shares in the last quarter.

Sprouts Farmers Market Trading Up 0.5%

Sprouts Farmers Market stock traded up $0.87 during mid-day trading on Wednesday, hitting $159.75. The stock had a trading volume of 1,139,640 shares, compared to its average volume of 1,567,058. The stock has a market capitalization of $15.63 billion, a PE ratio of 35.90, a P/E/G ratio of 1.98 and a beta of 0.77. Sprouts Farmers Market, Inc. has a 12 month low of $79.34 and a 12 month 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 stock has a 50-day simple moving average of $164.86 and a two-hundred day simple moving average of $155.04.

Sprouts Farmers Market (NASDAQ:SFM - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The company reported $1.81 earnings per share for the quarter, beating the consensus estimate of $1.54 by $0.27. The business had revenue of $2.24 billion for the quarter, compared to analyst estimates of $2.20 billion. Sprouts Farmers Market had a net margin of 5.53% and a return on equity of 34.20%. Sprouts Farmers Market's revenue was up 18.7% compared to the same quarter last year. During the same period in the prior year, the business posted $1.12 earnings per share. As a group, sell-side analysts forecast that Sprouts Farmers Market, Inc. will post 4.29 EPS for the current year.

Analysts Set New Price Targets

Several brokerages recently issued reports on SFM. Wall Street Zen raised Sprouts Farmers Market from a "hold" rating to a "buy" rating in a research note on Wednesday, April 23rd. Evercore ISI upped their target price on Sprouts Farmers Market from $180.00 to $185.00 and gave the stock an "outperform" rating in a research report on Thursday, May 1st. Wells Fargo & Company raised their price objective on Sprouts Farmers Market from $170.00 to $175.00 and gave the company an "equal weight" rating in a research note on Thursday, May 1st. UBS Group boosted their price objective 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, Royal Bank Of Canada lifted 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 report on Thursday, May 1st. Nine analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $167.79.

Insider Activity

In other news, CEO Jack Sinclair sold 4,054 shares of the firm's stock in a transaction dated Monday, June 16th. The stock was sold at an average price of $160.45, for a total transaction of $650,464.30. Following the sale, the chief executive officer owned 174,740 shares of the company's stock, valued at $28,037,033. This trade represents a 2.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Kim Coffin sold 3,643 shares of Sprouts Farmers Market stock in a transaction dated Friday, May 2nd. The shares were sold at an average price of $174.27, for a total value of $634,865.61. Following the completion of the sale, the senior vice president directly owned 11,886 shares in the company, valued at $2,071,373.22. This represents a 23.46% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 74,035 shares of company stock valued at $12,213,719. Company insiders own 1.10% of the company's stock.

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.