Sprouts Farmers Market (SFM) Set to Announce Earnings on Wednesday

Sprouts Farmers Market (NASDAQ:SFM) will be announcing its earnings results after the market closes on Wednesday, May 1st. Analysts expect the company to announce earnings of $1.00 per share for the quarter. Individual that are interested in registering for the company’s earnings conference call can do so using this link.

Sprouts Farmers Market (NASDAQ:SFM) last released its quarterly earnings results on Thursday, February 22nd. The company reported $0.49 EPS for the quarter, beating the consensus estimate of $0.45 by $0.04. The business had revenue of $1.70 billion for the quarter, compared to the consensus estimate of $1.69 billion. Sprouts Farmers Market had a net margin of 3.79% and a return on equity of 26.71%. Sprouts Farmers Market’s revenue was up 7.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.42 earnings per share. On average, analysts expect Sprouts Farmers Market to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Sprouts Farmers Market Stock Performance

SFM opened at $67.50 on Tuesday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.51 and a current ratio of 1.10. Sprouts Farmers Market has a 52-week low of $32.12 and a 52-week high of $68.03. The firm has a market cap of $6.83 billion, a P/E ratio of 26.89, a price-to-earnings-growth ratio of 2.44 and a beta of 0.50. The business’s fifty day moving average is $62.51 and its 200-day moving average is $52.11.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Bank of America upgraded shares of Sprouts Farmers Market from an “underperform” rating to a “buy” rating and raised their price objective for the company from $30.00 to $70.00 in a report on Tuesday, February 27th. Evercore ISI lowered their target price on Sprouts Farmers Market from $62.00 to $61.00 and set an “in-line” rating for the company in a research report on Tuesday, April 16th. The Goldman Sachs Group upped their price target on Sprouts Farmers Market from $56.00 to $71.00 and gave the company a “buy” rating in a research report on Tuesday, March 5th. Finally, Oppenheimer restated a “market perform” rating on shares of Sprouts Farmers Market in a research report on Monday. Six investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, Sprouts Farmers Market presently has a consensus rating of “Hold” and an average target price of $51.14.

Insider Activity

In other Sprouts Farmers Market news, insider Brandon F. Lombardi sold 3,865 shares of Sprouts Farmers Market stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $62.21, for a total transaction of $240,441.65. Following the transaction, the insider now owns 8,328 shares of the company’s stock, valued at approximately $518,084.88. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other news, insider Brandon F. Lombardi sold 3,865 shares of the firm’s stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $62.21, for a total transaction of $240,441.65. Following the completion of the sale, the insider now directly owns 8,328 shares of the company’s stock, valued at approximately $518,084.88. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Brandon F. Lombardi sold 22,799 shares of the business’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $59.98, for a total transaction of $1,367,484.02. Following the completion of the transaction, the insider now directly owns 8,328 shares in the company, valued at $499,513.44. The disclosure for this sale can be found here. Insiders sold a total of 160,852 shares of company stock worth $10,032,745 over the last quarter. Insiders own 1.10% of the company’s stock.

Sprouts Farmers Market Company Profile

Sprouts Farmers Market, Inc, together with its subsidiaries, engages in the retailing of fresh, natural, and organic food products under the Sprouts brand in the United States. It offers perishable product categories, including fresh produce, meat and meat alternatives, 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.