Sprouts Farmers Market (NASDAQ:SFM) updated its FY18 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $1.28-1.30 for the period, compared to the Thomson Reuters consensus estimate of $1.26. The company issued revenue guidance of +11-11.5% YoY to ~$5.18-5.2 billion, compared to the consensus revenue estimate of $5.20 billion.
A number of equities research analysts have recently commented on the stock. Credit Suisse Group set a $26.00 target price on shares of Sprouts Farmers Market and gave the company a hold rating in a research report on Friday. BidaskClub upgraded shares of Sprouts Farmers Market from a hold rating to a buy rating in a research report on Wednesday. Morgan Stanley set a $26.00 target price on shares of Sprouts Farmers Market and gave the company a hold rating in a research report on Monday, October 22nd. Zacks Investment Research upgraded shares of Sprouts Farmers Market from a hold rating to a buy rating and set a $30.00 target price for the company in a research report on Monday, October 8th. Finally, Wells Fargo & Co cut shares of Sprouts Farmers Market from an outperform rating to a market perform rating and set a $26.00 target price for the company. in a research report on Monday, September 24th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus price target of $27.22.
Shares of SFM traded down $0.51 during mid-day trading on Friday, reaching $26.50. The stock had a trading volume of 2,061,661 shares, compared to its average volume of 1,832,962. The company has a current ratio of 1.04, a quick ratio of 0.25 and a debt-to-equity ratio of 0.96. Sprouts Farmers Market has a 52-week low of $19.80 and a 52-week high of $29.67. The firm has a market capitalization of $3.51 billion, a P/E ratio of 26.24, a P/E/G ratio of 1.76 and a beta of 0.82.
Sprouts Farmers Market (NASDAQ:SFM) last announced its quarterly earnings data on Thursday, November 1st. The company reported $0.27 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.26 by $0.01. Sprouts Farmers Market had a net margin of 3.62% and a return on equity of 25.56%. The firm had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.33 billion. During the same quarter in the prior year, the firm posted $0.23 earnings per share. Sprouts Farmers Market’s quarterly revenue was up 10.2% on a year-over-year basis. Equities research analysts predict that Sprouts Farmers Market will post 1.26 earnings per share for the current fiscal year.
In other Sprouts Farmers Market news, Director Joe Fortunato sold 1,000 shares of the stock in a transaction dated Friday, September 21st. The shares were sold at an average price of $27.52, for a total transaction of $27,520.00. Following the completion of the transaction, the director now owns 21,707 shares of the company’s stock, valued at $597,376.64. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, COO Dan J. Sanders sold 19,929 shares of the stock in a transaction dated Tuesday, September 11th. The stock was sold at an average price of $28.91, for a total transaction of $576,147.39. Following the transaction, the chief operating officer now directly owns 610,846 shares of the company’s stock, valued at approximately $17,659,557.86. The disclosure for this sale can be found here. Insiders sold 116,929 shares of company stock valued at $3,137,967 in the last three months. 1.80% of the stock is currently owned by insiders.
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, meat and seafood, deli and baked goods, packaged groceries, vitamins and supplements, bulk foods, dairy and dairy alternatives, frozen foods, beer and wine, and natural body care and household items.
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