Analysts expect that Sprouts Farmers Market Inc (NASDAQ:SFM) will report earnings of $0.41 per share for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for Sprouts Farmers Market’s earnings, with the lowest EPS estimate coming in at $0.39 and the highest estimate coming in at $0.43. Sprouts Farmers Market reported earnings per share of $0.50 in the same quarter last year, which indicates a negative year over year growth rate of 18%. The company is expected to announce its next earnings report before the market opens on Thursday, May 2nd.
According to Zacks, analysts expect that Sprouts Farmers Market will report full-year earnings of $1.20 per share for the current year, with EPS estimates ranging from $1.15 to $1.21. For the next fiscal year, analysts forecast that the firm will report earnings of $1.34 per share, with EPS estimates ranging from $1.27 to $1.43. Zacks’ EPS calculations are a mean average based on a survey of research analysts that that provide coverage for Sprouts Farmers Market.
Sprouts Farmers Market (NASDAQ:SFM) last announced its quarterly earnings data on Thursday, February 21st. The company reported $0.19 EPS for the quarter, beating the consensus estimate of $0.18 by $0.01. The business had revenue of $1.27 billion during the quarter, compared to analyst estimates of $1.26 billion. Sprouts Farmers Market had a return on equity of 27.02% and a net margin of 3.04%. The company’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.16 earnings per share.
Several equities analysts have commented on SFM shares. Zacks Investment Research lowered Sprouts Farmers Market from a “hold” rating to a “sell” rating in a research report on Thursday, January 3rd. Barclays reissued a “hold” rating and set a $25.00 price objective on shares of Sprouts Farmers Market in a research report on Wednesday, January 9th. BidaskClub lowered Sprouts Farmers Market from a “buy” rating to a “hold” rating in a research report on Friday, January 25th. Buckingham Research began coverage on Sprouts Farmers Market in a research report on Thursday, February 7th. They issued a “neutral” rating and a $23.75 price target for the company. Finally, Northcoast Research lowered Sprouts Farmers Market from a “buy” rating to a “neutral” rating in a research report on Friday, February 22nd. Six investment analysts have rated the stock with a sell rating, eleven have given a hold rating and five have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $25.92.
In other Sprouts Farmers Market news, insider Shawn R. Gensch sold 3,310 shares of the business’s stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $22.96, for a total value of $75,997.60. Following the completion of the transaction, the insider now owns 22,917 shares of the company’s stock, valued at approximately $526,174.32. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, COO Dan J. Sanders sold 6,398 shares of the business’s stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $22.95, for a total value of $146,834.10. Following the completion of the transaction, the chief operating officer now directly owns 38,021 shares of the company’s stock, valued at approximately $872,581.95. The disclosure for this sale can be found here. In the last ninety days, insiders sold 44,394 shares of company stock valued at $1,020,298. 0.70% of the stock is owned by insiders.
A number of large investors have recently modified their holdings of SFM. Victory Capital Management Inc. purchased a new position in shares of Sprouts Farmers Market during the fourth quarter worth approximately $53,331,000. Norges Bank purchased a new stake in Sprouts Farmers Market in the fourth quarter valued at about $41,565,000. Oregon Public Employees Retirement Fund raised its stake in Sprouts Farmers Market by 2,356.3% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 1,188,148 shares of the company’s stock valued at $51,000 after buying an additional 1,139,777 shares during the last quarter. Clearbridge Investments LLC raised its stake in Sprouts Farmers Market by 39.0% in the third quarter. Clearbridge Investments LLC now owns 3,817,241 shares of the company’s stock valued at $104,631,000 after buying an additional 1,070,177 shares during the last quarter. Finally, Half Sky Capital UK Ltd purchased a new stake in Sprouts Farmers Market in the fourth quarter valued at about $24,456,000. 99.50% of the stock is owned by institutional investors and hedge funds.
Shares of Sprouts Farmers Market stock opened at $21.16 on Tuesday. The company has a quick ratio of 0.22, a current ratio of 1.08 and a debt-to-equity ratio of 0.97. The firm has a market cap of $2.62 billion, a price-to-earnings ratio of 16.40, a PEG ratio of 1.64 and a beta of 0.49. Sprouts Farmers Market has a 12 month low of $20.58 and a 12 month high of $29.67.
About Sprouts Farmers Market
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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