Sprouts Farmers Market Inc (NASDAQ:SFM) – Equities research analysts at Oppenheimer boosted their FY2017 earnings per share estimates for shares of Sprouts Farmers Market in a report issued on Monday, according to Zacks Investment Research. Oppenheimer analyst R. Parikh now expects that the company will post earnings of $1.00 per share for the year, up from their prior estimate of $0.98. Oppenheimer also issued estimates for Sprouts Farmers Market’s Q4 2017 earnings at $0.14 EPS, FY2018 earnings at $1.08 EPS and FY2019 earnings at $1.16 EPS.
Sprouts Farmers Market (NASDAQ:SFM) last released its earnings results on Thursday, November 2nd. The company reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.05. The business 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%. The business’s quarterly revenue was up 16.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.16 earnings per share.
Several other research firms have also recently commented on SFM. Gordon Haskett raised Sprouts Farmers Market from an “accumulate” rating to a “buy” rating and set a $27.00 price target for the company in a report on Wednesday. BidaskClub raised Sprouts Farmers Market from a “buy” rating to a “strong-buy” rating in a report on Thursday, January 25th. BMO Capital Markets reaffirmed a “hold” rating and issued a $32.00 price target on shares of Sprouts Farmers Market in a report on Wednesday, January 24th. Royal Bank of Canada reaffirmed a “buy” rating and issued a $32.00 price target on shares of Sprouts Farmers Market in a report on Friday. Finally, Stephens set a $27.00 price target on Sprouts Farmers Market and gave the company a “hold” rating in a report on Wednesday, January 17th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $25.56.
Sprouts Farmers Market (NASDAQ:SFM) traded down $0.71 during midday trading on Wednesday, hitting $26.97. The stock had a trading volume of 2,293,011 shares, compared to its average volume of 1,800,000. Sprouts Farmers Market has a 1-year low of $17.38 and a 1-year high of $28.29. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.23 and a current ratio of 1.00. The stock has a market capitalization of $3,500.00, a P/E ratio of 27.80, a PEG ratio of 2.21 and a beta of 0.80.
In other news, Director Shon A. Boney sold 224,252 shares of the firm’s stock in a transaction on Monday, January 29th. The stock was sold at an average price of $28.01, for a total transaction of $6,281,298.52. Following the completion of the transaction, the director now directly owns 76,812 shares in the company, valued at $2,151,504.12. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Theodore Edward Frumkin II sold 36,667 shares of the firm’s stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $23.93, for a total value of $877,441.31. Following the transaction, the insider now owns 58,912 shares of the company’s stock, valued at $1,409,764.16. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,634,260 shares of company stock valued at $42,246,330. 2.60% of the stock is owned by insiders.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in Sprouts Farmers Market by 1.0% in the second quarter. Vanguard Group Inc. now owns 10,568,169 shares of the company’s stock valued at $239,580,000 after purchasing an additional 104,072 shares during the period. BlackRock Inc. boosted its holdings in Sprouts Farmers Market by 0.8% in the second quarter. BlackRock Inc. now owns 10,286,759 shares of the company’s stock valued at $233,201,000 after purchasing an additional 81,799 shares during the period. Fuller & Thaler Asset Management Inc. boosted its holdings in Sprouts Farmers Market by 0.4% in the third quarter. Fuller & Thaler Asset Management Inc. now owns 3,758,862 shares of the company’s stock valued at $70,554,000 after purchasing an additional 13,791 shares during the period. Bank of New York Mellon Corp boosted its holdings in Sprouts Farmers Market by 8.2% in the third quarter. Bank of New York Mellon Corp now owns 3,701,231 shares of the company’s stock valued at $69,472,000 after purchasing an additional 280,083 shares during the period. Finally, Renaissance Technologies LLC boosted its holdings in Sprouts Farmers Market by 79.2% in the second quarter. Renaissance Technologies LLC now owns 2,573,600 shares of the company’s stock valued at $58,344,000 after purchasing an additional 1,137,200 shares during the period. Institutional investors and hedge funds own 89.91% of the company’s stock.
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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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