Sprouts Farmers Market (SFM) Issues FY18 Earnings Guidance

Sprouts Farmers Market (NASDAQ:SFM) issued an update on its FY18 earnings guidance on Thursday morning. The company provided EPS guidance of $1.22-1.28 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.23. The company issued revenue guidance of $5.20-5.25 billion, compared to the consensus revenue estimate of $5.26 billion.

Sprouts Farmers Market (NASDAQ:SFM) traded down $0.61 during trading hours on Friday, hitting $25.51. The stock had a trading volume of 3,517,300 shares, compared to its average volume of 2,041,580. The firm has a market capitalization of $3,475.80, a price-to-earnings ratio of 26.30, a P/E/G ratio of 1.84 and a beta of 0.80. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.23 and a current ratio of 1.00. Sprouts Farmers Market has a 1-year low of $17.38 and a 1-year high of $28.29.

Sprouts Farmers Market (NASDAQ:SFM) last released its earnings results on Thursday, February 22nd. The company reported $0.16 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.15 by $0.01. The business had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.14 billion. Sprouts Farmers Market had a return on equity of 21.00% and a net margin of 3.01%. The company’s revenue for the quarter was up 16.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.13 earnings per share. analysts expect that Sprouts Farmers Market will post 1 earnings per share for the current fiscal year.

Sprouts Farmers Market declared that its board has initiated a share buyback plan on Thursday, February 22nd that authorizes the company to repurchase $350.00 million in outstanding shares. This repurchase authorization authorizes the company to reacquire shares of its stock through open market purchases. Shares repurchase plans are typically an indication that the company’s management believes its stock is undervalued.

SFM has been the topic of a number of recent research reports. Northcoast Research raised Sprouts Farmers Market from a neutral rating to a buy rating in a report on Monday, November 20th. TheStreet raised Sprouts Farmers Market from a c rating to a b- rating in a report on Monday, December 4th. Wolfe Research raised Sprouts Farmers Market to an outperform rating in a report on Thursday, November 9th. Goldman Sachs Group reissued a sell rating and issued a $18.00 target price on shares of Sprouts Farmers Market in a report on Tuesday, November 14th. Finally, Zacks Investment Research raised Sprouts Farmers Market from a hold rating to a buy rating and set a $23.00 target price on the stock in a report on Saturday, November 4th. Two 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 stock has a consensus rating of Buy and a consensus target price of $26.50.

In other Sprouts Farmers Market news, Director Shon A. Boney sold 848,409 shares of the business’s stock in a transaction on Wednesday, January 3rd. The stock was sold at an average price of $24.72, for a total transaction of $20,972,670.48. Following the sale, the director now directly owns 478,965 shares in the company, valued at $11,840,014.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Theodore Edward Frumkin II sold 36,667 shares of the business’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 sale, the insider now owns 58,912 shares in the company, valued at $1,409,764.16. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,651,481 shares of company stock worth $42,706,303. Company insiders own 2.60% of the company’s stock.

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Sprouts Farmers Market Company Profile

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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