Wall Street brokerages expect Sprouts Farmers Market Inc (NASDAQ:SFM) to announce sales of $1.42 billion for the current quarter, Zacks reports. Four analysts have issued estimates for Sprouts Farmers Market’s earnings, with the lowest sales estimate coming in at $1.41 billion and the highest estimate coming in at $1.43 billion. Sprouts Farmers Market posted sales of $1.33 billion during the same quarter last year, which suggests a positive year over year growth rate of 6.8%. The business is expected to report its next earnings report on Thursday, November 7th.

On average, analysts expect that Sprouts Farmers Market will report full-year sales of $5.62 billion for the current financial year, with estimates ranging from $5.57 billion to $5.71 billion. For the next year, analysts expect that the company will post sales of $6.17 billion, with estimates ranging from $5.98 billion to $6.43 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that follow Sprouts Farmers Market.

Sprouts Farmers Market (NASDAQ:SFM) last announced its quarterly earnings data on Thursday, August 1st. The company reported $0.30 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.31 by ($0.01). Sprouts Farmers Market had a net margin of 2.61% and a return on equity of 26.10%. The business had revenue of $1.42 billion during the quarter, compared to analysts’ expectations of $1.45 billion. During the same quarter in the previous year, the firm earned $0.32 earnings per share. Sprouts Farmers Market’s revenue was up 7.2% on a year-over-year basis.

Several equities analysts have recently commented on SFM shares. CIBC restated a “market perform” rating on shares of Sprouts Farmers Market in a research report on Tuesday, July 23rd. Zacks Investment Research downgraded Sprouts Farmers Market from a “hold” rating to a “sell” rating and set a $19.00 price objective on the stock. in a research report on Friday, August 2nd. BMO Capital Markets downgraded Sprouts Farmers Market from a “market perform” rating to an “underperform” rating and set a $15.00 price objective on the stock. in a research report on Friday, August 2nd. Oppenheimer downgraded Sprouts Farmers Market from an “outperform” rating to a “market perform” rating in a research report on Tuesday, July 23rd. Finally, Wells Fargo & Co decreased their target price on Sprouts Farmers Market from $23.00 to $20.00 and set a “positive” rating on the stock in a research report on Friday, June 21st. Six equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $22.47.

Shares of Sprouts Farmers Market stock traded down $0.21 during trading hours on Monday, hitting $19.74. The company’s stock had a trading volume of 1,194,492 shares, compared to its average volume of 1,690,196. The business has a 50 day moving average price of $17.90 and a two-hundred day moving average price of $20.15. Sprouts Farmers Market has a 12-month low of $16.46 and a 12-month high of $28.69. The company has a market cap of $2.33 billion, a PE ratio of 15.30, a PEG ratio of 2.14 and a beta of 0.38. The company has a debt-to-equity ratio of 3.02, a quick ratio of 0.25 and a current ratio of 0.85.

Several large investors have recently bought and sold shares of the stock. Renaissance Technologies LLC raised its position in Sprouts Farmers Market by 24.7% during the second quarter. Renaissance Technologies LLC now owns 5,964,500 shares of the company’s stock valued at $112,669,000 after purchasing an additional 1,183,000 shares during the period. Clearbridge Investments LLC raised its stake in Sprouts Farmers Market by 1.3% in the 1st quarter. Clearbridge Investments LLC now owns 3,674,551 shares of the company’s stock worth $79,150,000 after acquiring an additional 47,837 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in Sprouts Farmers Market by 4.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,763,323 shares of the company’s stock worth $64,965,000 after acquiring an additional 130,215 shares during the last quarter. Victory Capital Management Inc. raised its stake in Sprouts Farmers Market by 4.2% in the 1st quarter. Victory Capital Management Inc. now owns 2,364,741 shares of the company’s stock worth $50,936,000 after acquiring an additional 96,291 shares during the last quarter. Finally, Impax Asset Management Group plc raised its stake in Sprouts Farmers Market by 51.1% in the 2nd quarter. Impax Asset Management Group plc now owns 1,839,150 shares of the company’s stock worth $34,742,000 after acquiring an additional 621,658 shares during the last quarter. Institutional investors own 94.18% of the company’s stock.

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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Earnings History and Estimates for Sprouts Farmers Market (NASDAQ:SFM)

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