Brokerages Anticipate Sprouts Farmers Market, Inc. (SFM) Will Post Earnings of $0.17 Per Share
Brokerages expect that Sprouts Farmers Market, Inc. (NASDAQ:SFM) will post earnings of $0.17 per share for the current quarter, according to Zacks Investment Research. Seven analysts have provided estimates for Sprouts Farmers Market’s earnings, with the highest EPS estimate coming in at $0.18 and the lowest estimate coming in at $0.16. Sprouts Farmers Market reported earnings of $0.16 per share during the same quarter last year, which indicates a positive year over year growth rate of 6.3%. The company is scheduled to issue its next quarterly earnings report on Thursday, November 2nd.
According to Zacks, analysts expect that Sprouts Farmers Market will report full-year earnings of $0.92 per share for the current financial year, with EPS estimates ranging from $0.90 to $0.94. For the next year, analysts expect that the firm will report earnings of $1.03 per share, with EPS estimates ranging from $1.00 to $1.09. Zacks’ EPS calculations are a mean average based on a survey of sell-side analysts that cover Sprouts Farmers Market.
Sprouts Farmers Market (NASDAQ:SFM) last announced its quarterly earnings data on Thursday, August 3rd. The company reported $0.29 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.25 by $0.04. The firm had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.17 billion. Sprouts Farmers Market had a net margin of 2.96% and a return on equity of 18.79%. The company’s revenue was up 14.8% on a year-over-year basis. During the same period last year, the firm earned $0.25 EPS.
SFM has been the subject of several research reports. Zacks Investment Research upgraded Sprouts Farmers Market from a “hold” rating to a “buy” rating and set a $25.00 target price for the company in a research note on Thursday, April 27th. Gordon Haskett began coverage on Sprouts Farmers Market in a research note on Tuesday, May 9th. They set an “accumulate” rating and a $27.00 price target for the company. Morgan Stanley downgraded Sprouts Farmers Market from an “overweight” rating to an “equal” rating and lifted their price target for the company from $21.00 to $23.00 in a research note on Thursday, June 15th. Wells Fargo & Company reissued a “buy” rating on shares of Sprouts Farmers Market in a research report on Friday, April 28th. Finally, Jefferies Group LLC set a $26.00 target price on shares of Sprouts Farmers Market and gave the stock a “buy” rating in a research report on Monday, May 1st. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and fourteen have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $25.42.
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In related news, COO James Leroy Nielsen sold 55,322 shares of the stock in a transaction dated Thursday, May 25th. The shares were sold at an average price of $23.74, for a total value of $1,313,344.28. Following the completion of the transaction, the chief operating officer now directly owns 152,430 shares of the company’s stock, valued at $3,618,688.20. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Amin N. Maredia sold 13,448 shares of the stock in a transaction dated Monday, July 3rd. The stock was sold at an average price of $22.71, for a total transaction of $305,404.08. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 125,746 shares of company stock valued at $3,004,327. Insiders own 2.60% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in the company. Advisory Services Network LLC increased its position in Sprouts Farmers Market by 1,093.0% in the second quarter. Advisory Services Network LLC now owns 5,309 shares of the company’s stock worth $120,000 after buying an additional 4,864 shares during the last quarter. PNC Financial Services Group Inc. boosted its stake in shares of Sprouts Farmers Market by 9.4% in the first quarter. PNC Financial Services Group Inc. now owns 5,460 shares of the company’s stock worth $126,000 after buying an additional 468 shares during the period. Victory Capital Management Inc. acquired a new stake in shares of Sprouts Farmers Market during the first quarter worth $152,000. Asset Management One Co. Ltd. acquired a new stake in shares of Sprouts Farmers Market during the first quarter worth $161,000. Finally, Benjamin F. Edwards & Company Inc. boosted its stake in shares of Sprouts Farmers Market by 2.8% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 7,355 shares of the company’s stock worth $170,000 after buying an additional 200 shares during the period. 87.90% of the stock is owned by institutional investors.
Shares of Sprouts Farmers Market (NASDAQ:SFM) traded down 2.33% during mid-day trading on Monday, hitting $23.87. 1,550,730 shares of the stock traded hands. Sprouts Farmers Market has a 12 month low of $17.38 and a 12 month high of $25.98. The stock has a market cap of $3.24 billion, a price-to-earnings ratio of 26.91 and a beta of 0.52. The firm has a 50 day moving average of $23.87 and a 200 day moving average of $22.27.
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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