34,193 Shares in Sprouts Farmers Market, Inc. (NASDAQ:SFM) Bought by Consolidated Capital Management LLC

Consolidated Capital Management 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 filing with the Securities and Exchange Commission (SEC). The firm purchased 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 portfolio, making the stock its 17th biggest holding.

A number of other hedge funds have also bought and sold shares of SFM. Vanguard Group Inc. raised its stake in Sprouts Farmers Market by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 10,604,819 shares of the company's stock valued at $1,347,554,000 after acquiring an additional 56,652 shares during the period. Renaissance Technologies LLC raised its stake in Sprouts Farmers Market by 0.5% in the 4th quarter. Renaissance Technologies LLC now owns 4,464,644 shares of the company's stock valued at $567,322,000 after acquiring an additional 24,000 shares during the period. Marshall Wace LLP raised its stake in Sprouts Farmers Market by 10.1% in the 4th quarter. Marshall Wace LLP now owns 1,843,320 shares of the company's stock valued at $234,231,000 after acquiring an additional 168,605 shares during the period. Invesco Ltd. raised its stake in Sprouts Farmers Market by 22.9% in the 4th quarter. Invesco Ltd. now owns 1,582,896 shares of the company's stock valued at $201,139,000 after acquiring an additional 294,553 shares during the period. Finally, Assenagon Asset Management S.A. raised its stake in Sprouts Farmers Market by 1,033.4% in the 1st quarter. Assenagon Asset Management S.A. now owns 1,476,351 shares of the company's stock valued at $225,350,000 after acquiring an additional 1,346,097 shares during the period.

Analyst Upgrades and Downgrades

SFM has been the topic of a number of recent research reports. Deutsche Bank Aktiengesellschaft raised Sprouts Farmers Market from a "hold" rating to a "buy" rating and increased their price objective for the stock from $163.00 to $190.00 in a report on Monday, March 17th. Evercore ISI boosted their price objective on Sprouts Farmers Market from $180.00 to $185.00 and gave the stock an "outperform" rating in a report on Thursday, May 1st. Royal Bank Of Canada lifted their target price on shares of Sprouts Farmers Market from $160.00 to $172.00 and gave the company a "sector perform" rating in a research report on Thursday, May 1st. Wall Street Zen upgraded shares of Sprouts Farmers Market from a "hold" rating to a "buy" rating in a research report on Wednesday, April 23rd. Finally, Wells Fargo & Company upped their price objective on Sprouts Farmers Market from $170.00 to $175.00 and gave the stock an "equal weight" rating in a report on Thursday, May 1st. Nine analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to MarketBeat, Sprouts Farmers Market presently has an average rating of "Hold" and a consensus price target of $167.79.

Sprouts Farmers Market Stock Down 0.2%

Shares of SFM traded down $0.28 on Thursday, hitting $159.47. 720,992 shares of the stock traded hands, compared to its average volume of 1,563,879. The company has a market capitalization of $15.61 billion, a PE ratio of 35.87, a P/E/G ratio of 1.98 and a beta of 0.77. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.51 and a current ratio of 0.95. Sprouts Farmers Market, Inc. has a one year low of $79.34 and a one year high of $182.00. The business has a 50 day simple moving average of $164.86 and a 200 day simple moving average of $155.04.

Sprouts Farmers Market (NASDAQ:SFM - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The company reported $1.81 EPS for the quarter, topping 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 firm had revenue of $2.24 billion during the quarter, compared to analyst estimates of $2.20 billion. During the same period in the previous year, the business posted $1.12 earnings per share. The business's revenue for the quarter was up 18.7% on a year-over-year basis. As a group, equities analysts forecast that Sprouts Farmers Market, Inc. will post 4.29 earnings per share for the current fiscal year.

Insider Activity

In other Sprouts Farmers Market news, CEO Jack Sinclair sold 4,054 shares of the business'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 completion of the sale, the chief executive officer owned 174,740 shares of the company's stock, valued at approximately $28,037,033. The trade was a 2.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Kim Coffin sold 3,643 shares of the firm's stock in a transaction that occurred on Friday, May 2nd. The stock was sold at an average price of $174.27, for a total transaction of $634,865.61. Following the sale, the senior vice president owned 11,886 shares in the company, valued at approximately $2,071,373.22. The trade was a 23.46% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 74,035 shares of company stock worth $12,213,719. 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.