Equities analysts predict that Sprouts Farmers Market Inc (NASDAQ:SFM) will post $0.14 earnings per share for the current fiscal quarter, according to Zacks. Five analysts have issued estimates for Sprouts Farmers Market’s earnings, with the highest EPS estimate coming in at $0.15 and the lowest estimate coming in at $0.13. Sprouts Farmers Market posted earnings per share of $0.12 in the same quarter last year, which suggests a positive year over year growth rate of 16.7%. The company is scheduled to issue its next quarterly earnings report on Thursday, February 22nd.
On average, analysts expect that Sprouts Farmers Market will report full-year earnings of $0.99 per share for the current fiscal year, with EPS estimates ranging from $0.98 to $1.01. For the next year, analysts expect that the company will post earnings of $1.11 per share, with EPS estimates ranging from $1.06 to $1.23. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side analysts that cover Sprouts Farmers Market.
Sprouts Farmers Market (NASDAQ:SFM) last posted its quarterly earnings data on Thursday, November 2nd. The company reported $0.23 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.18 by $0.05. The firm had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.18 billion. Sprouts Farmers Market had a return on equity of 21.00% and a net margin of 3.01%. The firm’s revenue was up 16.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.16 EPS.
A number of equities research analysts recently weighed in on SFM shares. TheStreet upgraded Sprouts Farmers Market from a “c” rating to a “b-” rating in a report on Monday, December 4th. Zacks Investment Research raised Sprouts Farmers Market from a “hold” rating to a “buy” rating and set a $23.00 price target on the stock in a research note on Saturday, November 4th. UBS Group set a $25.00 price target on Sprouts Farmers Market and gave the stock a “buy” rating in a research note on Monday, October 30th. Royal Bank of Canada set a $28.00 target price on Sprouts Farmers Market and gave the stock a “buy” rating in a research report on Monday, October 30th. Finally, SunTrust Banks reaffirmed a “buy” rating and issued a $27.00 target price on shares of Sprouts Farmers Market in a research report on Friday, September 15th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company. Sprouts Farmers Market presently has an average rating of “Buy” and a consensus target price of $24.28.
In other Sprouts Farmers Market news, Director Shon A. Boney sold 848,409 shares of the business’s stock in a transaction on Wednesday, January 3rd. The shares were sold at an average price of $24.72, for a total transaction of $20,972,670.48. Following the completion of the transaction, the director now owns 478,965 shares of the company’s stock, valued at approximately $11,840,014.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Theodore Edward Frumkin II sold 36,667 shares of the business’s stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $23.93, for a total transaction of $877,441.31. Following the transaction, the insider now directly owns 58,912 shares of the company’s stock, valued at approximately $1,409,764.16. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,007,377 shares of company stock valued at $24,698,095. Company insiders own 2.60% of the company’s stock.
Large investors have recently bought and sold shares of the company. Advisory Services Network LLC increased its holdings in shares of Sprouts Farmers Market by 1,093.0% during the 2nd quarter. Advisory Services Network LLC now owns 5,309 shares of the company’s stock worth $120,000 after purchasing an additional 4,864 shares during the period. Victory Capital Management Inc. increased its holdings in shares of Sprouts Farmers Market by 17.6% during the 2nd quarter. Victory Capital Management Inc. now owns 7,739 shares of the company’s stock worth $175,000 after purchasing an additional 1,161 shares during the period. Harvest Management LLC bought a new position in shares of Sprouts Farmers Market during the 3rd quarter worth about $188,000. Seven Eight Capital LP bought a new position in shares of Sprouts Farmers Market during the 2nd quarter worth about $193,000. Finally, Sadoff Investment Management LLC bought a new position in shares of Sprouts Farmers Market during the 3rd quarter worth about $223,000. Institutional investors own 89.68% of the company’s stock.
Sprouts Farmers Market (NASDAQ SFM) traded up $0.06 during midday trading on Tuesday, reaching $24.29. The company’s stock had a trading volume of 2,954,700 shares, compared to its average volume of 1,990,000. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.00 and a quick ratio of 0.23. Sprouts Farmers Market has a 52 week low of $17.38 and a 52 week high of $25.98. The firm has a market cap of $3,230.00, a PE ratio of 25.04, a price-to-earnings-growth ratio of 1.96 and a beta of 0.67.
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About Sprouts Farmers Market
Sprouts Farmers Market, Inc is a food retailer. The Company operates as a grocery store that offers fresh, natural and organic food that includes fresh produce, bulk foods, vitamins and supplements, packaged groceries, meat and seafood, deli, baked goods, dairy products, frozen foods, body care and natural household items catering to consumers’ interest in health and wellness.
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