Wall Street brokerages expect Sprouts Farmers Market Inc (NASDAQ:SFM) to post earnings per share (EPS) of $0.55 for the current quarter, according to Zacks Investment Research. Four analysts have issued estimates for Sprouts Farmers Market’s earnings. The lowest EPS estimate is $0.47 and the highest is $0.59. Sprouts Farmers Market posted earnings per share of $0.30 in the same quarter last year, which indicates a positive year over year growth rate of 83.3%. The business is expected to report its next earnings results on Thursday, August 6th.
According to Zacks, analysts expect that Sprouts Farmers Market will report full-year earnings of $1.69 per share for the current year, with EPS estimates ranging from $1.61 to $1.74. For the next financial year, analysts expect that the company will report earnings of $1.56 per share, with EPS estimates ranging from $1.48 to $1.67. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research analysts that cover Sprouts Farmers Market.
Sprouts Farmers Market (NASDAQ:SFM) last issued its quarterly earnings data on Tuesday, May 5th. The company reported $0.79 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.54 by $0.25. Sprouts Farmers Market had a net margin of 3.15% and a return on equity of 31.73%. The business had revenue of $1.65 billion during the quarter, compared to analyst estimates of $1.60 billion. During the same period in the prior year, the business earned $0.46 EPS. The company’s revenue for the quarter was up 16.5% on a year-over-year basis.
SFM has been the topic of a number of research reports. Oppenheimer downgraded shares of Sprouts Farmers Market from an “outperform” rating to a “market perform” rating in a report on Thursday, May 14th. BMO Capital Markets raised their target price on shares of Sprouts Farmers Market from $20.00 to $25.00 and gave the stock a “market perform” rating in a research note on Thursday, May 7th. Deutsche Bank raised their target price on shares of Sprouts Farmers Market from $28.00 to $33.00 and gave the stock a “buy” rating in a research note on Wednesday, May 6th. Gordon Haskett upgraded shares of Sprouts Farmers Market from a “hold” rating to a “buy” rating in a research note on Monday, March 16th. Finally, ValuEngine cut shares of Sprouts Farmers Market from a “hold” rating to a “sell” rating in a research note on Monday, June 1st. Four research analysts have rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $22.92.
Shares of NASDAQ SFM traded down $0.42 during trading on Tuesday, reaching $25.49. 99,294 shares of the company traded hands, compared to its average volume of 2,254,182. The firm has a 50 day simple moving average of $24.37 and a 200-day simple moving average of $19.73. The company has a quick ratio of 0.51, a current ratio of 0.97 and a debt-to-equity ratio of 2.29. The stock has a market capitalization of $3.02 billion, a PE ratio of 16.25, a P/E/G ratio of 1.57 and a beta of 0.25. Sprouts Farmers Market has a 52-week low of $13.00 and a 52-week high of $26.83.
In other Sprouts Farmers Market news, insider Dan J. Sanders sold 34,454 shares of Sprouts Farmers Market stock in a transaction on Friday, May 8th. The shares were sold at an average price of $24.06, for a total transaction of $828,963.24. Following the completion of the transaction, the insider now directly owns 48,659 shares of the company’s stock, valued at $1,170,735.54. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Jack Sinclair sold 26,194 shares of Sprouts Farmers Market stock in a transaction on Thursday, June 25th. The stock was sold at an average price of $23.51, for a total transaction of $615,820.94. The disclosure for this sale can be found here. Insiders sold 63,426 shares of company stock worth $1,514,456 in the last 90 days. 0.29% of the stock is currently owned by company insiders.
Institutional investors and hedge funds have recently modified their holdings of the company. Renaissance Technologies LLC boosted its position in Sprouts Farmers Market by 8.8% in the fourth quarter. Renaissance Technologies LLC now owns 7,477,220 shares of the company’s stock valued at $144,684,000 after buying an additional 607,720 shares during the last quarter. Clearbridge Investments LLC boosted its stake in Sprouts Farmers Market by 2.3% during the 1st quarter. Clearbridge Investments LLC now owns 4,236,570 shares of the company’s stock valued at $78,758,000 after purchasing an additional 93,392 shares in the last quarter. State Street Corp boosted its stake in Sprouts Farmers Market by 4.1% during the 1st quarter. State Street Corp now owns 3,191,755 shares of the company’s stock valued at $59,335,000 after purchasing an additional 126,508 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. boosted its stake in Sprouts Farmers Market by 31.6% during the 1st quarter. Los Angeles Capital Management & Equity Research Inc. now owns 2,341,802 shares of the company’s stock valued at $43,534,000 after purchasing an additional 562,395 shares in the last quarter. Finally, Norges Bank bought a new position in Sprouts Farmers Market during the 4th quarter valued at $34,210,000. 90.89% of the stock is owned by hedge funds and other institutional investors.
Sprouts Farmers Market Company Profile
Sprouts Farmers Market, Inc, a healthy grocery store, provides fresh, natural, and organic food products in the United States. Its stores offer fresh produce, bulk foods, vitamins and supplements, packaged groceries, meat and seafood, baked goods, dairy products, frozen foods, beer and wine, natural body care and household items.
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