Wall Street analysts expect Sprouts Farmers Market Inc (NASDAQ:SFM) to announce sales of $1.36 billion for the current fiscal quarter, according to Zacks Investment Research. Four analysts have made estimates for Sprouts Farmers Market’s earnings, with the lowest sales estimate coming in at $1.34 billion and the highest estimate coming in at $1.37 billion. Sprouts Farmers Market reported sales of $1.27 billion in the same quarter last year, which indicates a positive year-over-year growth rate of 7.1%. The firm is scheduled to announce its next earnings results on Thursday, February 20th.
On average, analysts expect that Sprouts Farmers Market will report full year sales of $5.63 billion for the current fiscal year, with estimates ranging from $5.61 billion to $5.64 billion. For the next financial year, analysts anticipate that the company will post sales of $6.04 billion, with estimates ranging from $5.96 billion to $6.16 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that that provide coverage for Sprouts Farmers Market.
Sprouts Farmers Market (NASDAQ:SFM) last announced its quarterly earnings results on Wednesday, October 30th. The company reported $0.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.02. Sprouts Farmers Market had a net margin of 2.36% and a return on equity of 25.50%. The company had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.42 billion. During the same quarter in the previous year, the company posted $0.27 earnings per share. The company’s revenue for the quarter was up 8.4% compared to the same quarter last year.
A number of equities research analysts recently weighed in on SFM shares. BidaskClub cut shares of Sprouts Farmers Market from a “sell” rating to a “strong sell” rating in a research note on Tuesday, September 24th. BMO Capital Markets cut shares of Sprouts Farmers Market from a “market perform” rating to an “underperform” rating and set a $15.00 price objective on the stock. in a research note on Friday, August 2nd. ValuEngine upgraded shares of Sprouts Farmers Market from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. Northcoast Research upgraded shares of Sprouts Farmers Market from a “neutral” rating to a “buy” rating and set a $22.00 price objective on the stock in a research note on Thursday, August 15th. Finally, Barclays restated a “hold” rating and set a $19.00 price objective on shares of Sprouts Farmers Market in a research note on Friday, November 1st. Five research analysts have rated the stock with a sell rating, ten have issued a hold rating and four have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $21.82.
Shares of NASDAQ SFM traded up $0.20 during midday trading on Friday, reaching $19.66. 763,300 shares of the company traded hands, compared to its average volume of 1,612,575. Sprouts Farmers Market has a 52 week low of $16.46 and a 52 week high of $27.66. The stock has a 50-day moving average price of $19.07 and a 200 day moving average price of $19.16. The company has a debt-to-equity ratio of 2.92, a current ratio of 0.87 and a quick ratio of 0.27. The company has a market cap of $2.34 billion, a price-to-earnings ratio of 15.24, a PEG ratio of 2.78 and a beta of 0.37.
In other Sprouts Farmers Market news, insider David Mcglinchey sold 1,655 shares of the business’s stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $19.96, for a total value of $33,033.80. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.70% of the stock is currently owned by insiders.
A number of institutional investors have recently modified their holdings of SFM. 6 Meridian raised its holdings in Sprouts Farmers Market by 3.7% during the 2nd quarter. 6 Meridian now owns 20,009 shares of the company’s stock worth $378,000 after buying an additional 706 shares during the period. Oregon Public Employees Retirement Fund raised its holdings in Sprouts Farmers Market by 1.4% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 51,248 shares of the company’s stock worth $968,000 after buying an additional 710 shares during the period. Quadrant Capital Group LLC raised its holdings in Sprouts Farmers Market by 77.4% during the 3rd quarter. Quadrant Capital Group LLC now owns 1,646 shares of the company’s stock worth $31,000 after buying an additional 718 shares during the period. Robecosam AG raised its holdings in Sprouts Farmers Market by 1.0% during the 2nd quarter. Robecosam AG now owns 92,235 shares of the company’s stock worth $1,709,000 after buying an additional 924 shares during the period. Finally, Great West Life Assurance Co. Can raised its holdings in Sprouts Farmers Market by 0.3% during the 3rd quarter. Great West Life Assurance Co. Can now owns 344,789 shares of the company’s stock worth $6,680,000 after buying an additional 1,058 shares during the period. Hedge funds and other institutional investors own 93.62% of the company’s stock.
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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