Sprouts Farmers Market (NASDAQ:SFM – Get Rating) is set to report quarterly results after the market closes on Wednesday, May 4. Analysts expect Sprouts Farmers Market to post earnings of $0.72 per share for the quarter. Those interested in registering for the company’s earnings conference call can do so using this link.
Sprouts Farmers Market (NASDAQ:SFM – Get Rating) last released quarterly earnings data on Thursday, February 24. The company reported earnings per share of $0.32 for the quarter, beating Thomson Reuters consensus estimate of $0.31 by $0.01. Sprouts Farmers Market posted a return on equity of 25.41% and a net margin of 4.00%. The company posted revenue of $1.49 billion for the quarter, versus $1.47 billion expected by analysts. In the same quarter of the previous year, the company made earnings per share of $0.59. The company’s revenue was down 6.8% year over year. On average, analysts expect Sprouts Farmers Market to post EPS of $2 for the current fiscal year and EPS of $2 for the next fiscal year.
SFM stock opened at $30.50 on Wednesday. The stock’s fifty-day simple moving average is $31.49 and its two-hundred-day simple moving average is $28.33. The company has a current ratio of 1.11, a quick ratio of 0.59 and a debt ratio of 0.27. Sprouts Farmers Market has a 1-year low of $21.18 and a 1-year high of $35.34. The stock has a market capitalization of $3.37 billion, a P/E ratio of 14.52, a P/E/G ratio of 1.99 and a beta of 0.34.
In other Sprouts Farmers Market news, insider David Mcglinchey sold 13,027 shares of the company in a trade that took place on Monday, March 14. The shares were sold at an average price of $31.39, for a total value of $408,917.53. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Additionally, CEO Jack Sinclair sold 64,047 shares of the company in a trade that took place on Monday, March 7. The stock was sold at an average price of $32.69, for a total transaction of $2,093,696.43. The disclosure of this sale can be found here. In the past ninety days, insiders have sold 105,946 shares of the company valued at $3,416,200. 0.42% of the shares are held by insiders.
A number of hedge funds have recently increased or reduced their stakes in the company. BlackRock Inc. increased its stake in Sprouts Farmers Market by 1.4% in Q4. BlackRock Inc. now owns 13,853,199 shares of the company worth $411,162,000 after purchasing an additional 192,465 shares last quarter. Wells Fargo & Company MN increased its stake in Sprouts Farmers Market by 2.9% in Q4. Wells Fargo & Company MN now owns 454,407 shares of the company worth $13,486,000 after purchasing an additional 12,666 shares last quarter. Barclays PLC increased its holdings in Sprouts Farmers Market by 18.6% during the fourth quarter. Barclays PLC now owns 271,296 shares in the company valued at $8,053,000 after buying an additional 42,533 shares in the last quarter. Sei Investments Co. increased its holdings in Sprouts Farmers Market by 28.7% during the 4th quarter. Sei Investments Co. now owns 211,291 shares of the company valued at $6,270,000 after purchasing an additional 47,106 shares in the last quarter. Finally, Public Employees Retirement System of Ohio increased its stake in Sprouts Farmers Market by 41.5% during the 4th quarter. Public Employees Retirement System of Ohio now owns 92,354 shares of the company valued at $2,741,000 after purchasing an additional 27,076 shares in the last quarter.
Several research analysts have weighed in on the company. Gordon Haskett raised his price target on Sprouts Farmers Market from $22.00 to $25.00 in a Monday, March 7 research report. Deutsche Bank Aktiengesellschaft raised its price target on Sprouts Farmers Market from $33.00 to $34.00 and gave the company a “buy” rating in a Wednesday, February 23 research report. Credit Suisse Group raised its price target on Sprouts Farmers Market from $25.00 to $30.00 and gave the company a “neutral” rating in a Monday, February 28 research report. JPMorgan Chase & Co. raised its price target on Sprouts Farmers Market from $26.00 to $31.00 in a Friday, February 25 research report. Finally, StockNews.com upgraded Sprouts Farmers Market from a “hold” rating to a “buy” rating in a Saturday, April 16 research report. Two investment analysts have assigned the stock a sell rating, two have assigned a hold rating and two have assigned the stock a buy rating. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $27.83.
About Sprouts Farmers Market (Get an evaluation)
Sprouts Farmers Market, Inc offers fresh, natural and organic food products in the United States. The Company offers perishable product categories including fresh produce, meat, seafood, deli, bakery, floral and dairy, and dairy alternatives; and non-perishable product categories, such as groceries, vitamins and supplements, bulk goods, frozen foods, beer and wine, and natural health products and body care.
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