Sprouts Farmers Market Inc (NASDAQ:SFM) – Stock analysts at Jefferies Group issued their FY2022 earnings per share estimates for Sprouts Farmers Market in a research note issued to investors on Friday, Zacks Investment Research reports. Jefferies Group analyst C. Mandeville expects that the company will earn $1.70 per share for the year. Jefferies Group currently has a “Hold” rating and a $19.00 target price on the stock.
Several other equities analysts also recently commented on the company. Northcoast Research raised Sprouts Farmers Market from a “neutral” rating to a “buy” rating in a research report on Monday, November 20th. Wolfe Research raised Sprouts Farmers Market to an “outperform” rating in a research report on Thursday, November 9th. Goldman Sachs Group reaffirmed a “sell” rating and issued a $18.00 price objective on shares of Sprouts Farmers Market in a research report on Tuesday, November 14th. TheStreet raised Sprouts Farmers Market from a “c” rating to a “b-” rating in a research report on Monday, December 4th. Finally, Zacks Investment Research downgraded Sprouts Farmers Market from a “hold” rating to a “sell” rating in a research report on Wednesday, October 18th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and thirteen have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $24.89.
Shares of Sprouts Farmers Market (NASDAQ SFM) traded up $0.61 during trading on Monday, reaching $25.47. The company’s stock had a trading volume of 2,650,422 shares, compared to its average volume of 2,070,000. The company has a market cap of $3,390.00, a P/E ratio of 26.26, a PEG ratio of 2.07 and a beta of 0.67. The company has a quick ratio of 0.23, a current ratio of 1.00 and a debt-to-equity ratio of 0.77. Sprouts Farmers Market has a 12 month low of $17.38 and a 12 month high of $25.98.
Sprouts Farmers Market (NASDAQ:SFM) last announced its quarterly earnings data on Thursday, November 2nd. The company reported $0.23 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.18 by $0.05. The company had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.18 billion. Sprouts Farmers Market had a return on equity of 21.00% and a net margin of 3.01%. Sprouts Farmers Market’s quarterly revenue was up 16.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.16 EPS.
In related news, insider Theodore Edward Frumkin II sold 36,667 shares of the firm’s stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $23.93, for a total transaction of $877,441.31. Following the sale, the insider now owns 58,912 shares of the company’s stock, valued at $1,409,764.16. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Brandon F. Lombardi sold 8,557 shares of the firm’s stock in a transaction dated Friday, January 12th. The shares were sold at an average price of $25.74, for a total value of $220,257.18. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,015,934 shares of company stock worth $24,918,352. 2.60% of the stock is owned by corporate insiders.
Hedge funds have recently modified their holdings of the stock. Advisory Services Network LLC raised its stake 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 valued at $120,000 after buying an additional 4,864 shares during the last quarter. Victory Capital Management Inc. raised its stake in Sprouts Farmers Market by 17.6% in the second quarter. Victory Capital Management Inc. now owns 7,739 shares of the company’s stock valued at $175,000 after buying an additional 1,161 shares during the last quarter. Harvest Management LLC purchased a new stake in Sprouts Farmers Market in the third quarter valued at about $188,000. Seven Eight Capital LP purchased a new stake in Sprouts Farmers Market in the second quarter valued at about $193,000. Finally, Sadoff Investment Management LLC purchased a new stake in Sprouts Farmers Market in the third quarter valued at about $223,000. 90.13% of the stock is currently owned by institutional investors.
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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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