Analysts Anticipate Sprouts Farmers Market, Inc. (NASDAQ:SFM) Will Post Quarterly Sales of $1.58 Billion

Brokerages expect that Sprouts Farmers Market, Inc. (NASDAQ:SFMGet Rating) will announce $1.58 billion in sales for the current fiscal quarter, Zacks reports. Four analysts have made estimates for Sprouts Farmers Market’s earnings. The highest sales estimate is $1.59 billion and the lowest is $1.57 billion. Sprouts Farmers Market posted sales of $1.52 billion in the same quarter last year, which would indicate a positive year over year growth rate of 3.9%. The firm is scheduled to report its next earnings report on Monday, January 1st.

According to Zacks, analysts expect that Sprouts Farmers Market will report full year sales of $6.32 billion for the current financial year, with estimates ranging from $6.30 billion to $6.34 billion. For the next fiscal year, analysts anticipate that the firm will post sales of $6.72 billion, with estimates ranging from $6.60 billion to $6.81 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Sprouts Farmers Market.

Sprouts Farmers Market (NASDAQ:SFMGet Rating) last announced its quarterly earnings data on Wednesday, May 4th. The company reported $0.79 EPS for the quarter, beating the consensus estimate of $0.72 by $0.07. The firm had revenue of $1.64 billion for the quarter, compared to analyst estimates of $1.65 billion. Sprouts Farmers Market had a return on equity of 25.65% and a net margin of 4.05%. The company’s revenue was up 4.2% on a year-over-year basis. During the same period in the prior year, the company earned $0.70 EPS.

Several research analysts recently commented on the stock. Gordon Haskett raised their price objective on shares of Sprouts Farmers Market from $22.00 to $25.00 in a report on Monday, March 7th. StockNews.com raised shares of Sprouts Farmers Market from a “hold” rating to a “buy” rating in a report on Saturday, April 16th. Credit Suisse Group raised their price target on shares of Sprouts Farmers Market from $25.00 to $30.00 and gave the company a “neutral” rating in a report on Monday, February 28th. Bank of America downgraded shares of Sprouts Farmers Market from a “buy” rating to an “underperform” rating and cut their price target for the company from $40.00 to $25.00 in a report on Thursday, May 5th. Finally, JPMorgan Chase & Co. raised their price target on shares of Sprouts Farmers Market from $26.00 to $31.00 in a report on Friday, February 25th. Three research analysts have rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $27.33.

SFM stock traded up $0.46 during trading on Friday, hitting $24.94. 1,714,451 shares of the company traded hands, compared to its average volume of 2,467,520. Sprouts Farmers Market has a 1 year low of $21.18 and a 1 year high of $35.34. The company has a 50-day moving average of $30.85 and a 200-day moving average of $28.73. The firm has a market capitalization of $2.73 billion, a PE ratio of 11.39, a P/E/G ratio of 1.61 and a beta of 0.38. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.70 and a current ratio of 1.22.

In other news, insider Dan J. Sanders sold 5,412 shares of Sprouts Farmers Market stock in a transaction dated Monday, March 7th. The shares were sold at an average price of $32.68, for a total transaction of $176,864.16. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Terri F. Graham sold 3,623 shares of Sprouts Farmers Market stock in a transaction dated Friday, March 4th. The shares were sold at an average price of $33.53, for a total transaction of $121,479.19. The disclosure for this sale can be found here. Insiders sold 108,310 shares of company stock worth $3,475,206 in the last 90 days. Corporate insiders own 0.71% of the company’s stock.

Large investors have recently bought and sold shares of the stock. Guardian Wealth Management Inc. bought a new stake in Sprouts Farmers Market during the fourth quarter worth about $25,000. Sterling Investment Advisors Ltd. bought a new stake in Sprouts Farmers Market during the fourth quarter worth about $27,000. UMB Bank N A MO purchased a new position in Sprouts Farmers Market in the fourth quarter worth about $28,000. Quent Capital LLC purchased a new position in Sprouts Farmers Market in the fourth quarter worth about $29,000. Finally, Canada Pension Plan Investment Board purchased a new position in Sprouts Farmers Market in the first quarter worth about $35,000.

Sprouts Farmers Market Company Profile (Get Rating)

Sprouts Farmers Market, Inc offers fresh, natural, and organic food products in the United States. The company offers perishable product categories, including fresh produce, meat, seafood, deli, bakery, floral and dairy, and dairy alternatives; and non-perishable product categories, such as grocery, vitamins and supplements, bulk items, frozen foods, beer and wine, and natural health and body care.

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

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