Sprouts Farmers Market (SFM) Scheduled to Post Quarterly Earnings on Wednesday

Sprouts Farmers Market (NASDAQ:SFM) will be releasing its earnings data after the market closes on Wednesday, October 30th. Analysts expect Sprouts Farmers Market to post earnings of $0.75 per share for the quarter. Parties interested in listening to the company’s conference call can do so using this link.

Sprouts Farmers Market (NASDAQ:SFM) last posted its earnings results on Monday, July 29th. The company reported $0.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.78 by $0.16. The company had revenue of $1.90 billion during the quarter, compared to analysts’ expectations of $1.84 billion. Sprouts Farmers Market had a return on equity of 27.53% and a net margin of 4.52%. The firm’s quarterly revenue was up 12.3% compared to the same quarter last year. During the same quarter last year, the firm earned $0.71 earnings per share. On average, analysts expect Sprouts Farmers Market to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Sprouts Farmers Market Price Performance

SFM stock opened at $120.18 on Tuesday. The business has a fifty day moving average of $108.06 and a two-hundred day moving average of $90.01. The company has a quick ratio of 0.44, a current ratio of 1.03 and a debt-to-equity ratio of 0.01. The stock has a market cap of $12.03 billion, a price-to-earnings ratio of 37.67, a price-to-earnings-growth ratio of 2.75 and a beta of 0.56. Sprouts Farmers Market has a 52-week low of $39.76 and a 52-week high of $120.98.

Analyst Upgrades and Downgrades

SFM has been the subject of several recent analyst reports. Bank of America raised their target price on Sprouts Farmers Market from $115.00 to $135.00 and gave the stock a “buy” rating in a research note on Friday. Evercore ISI raised their target price on Sprouts Farmers Market from $125.00 to $130.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 22nd. Melius Research initiated coverage on Sprouts Farmers Market in a research note on Monday, September 23rd. They set a “hold” rating and a $105.00 target price for the company. Royal Bank of Canada initiated coverage on Sprouts Farmers Market in a research report on Thursday, September 12th. They set a “sector perform” rating and a $107.00 price target for the company. Finally, Wells Fargo & Company upgraded Sprouts Farmers Market from an “underweight” rating to an “equal weight” rating and raised their price target for the stock from $62.00 to $90.00 in a research report on Tuesday, July 30th. Nine investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, Sprouts Farmers Market has an average rating of “Hold” and an average target price of $104.40.

Insider Activity at Sprouts Farmers Market

In related news, insider Dustin Hamilton sold 921 shares of Sprouts Farmers Market stock in a transaction on Friday, October 11th. The stock was sold at an average price of $113.60, for a total value of $104,625.60. Following the completion of the transaction, the insider now directly owns 25,251 shares in the company, valued at approximately $2,868,513.60. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Sprouts Farmers Market news, CEO Jack Sinclair sold 5,714 shares of Sprouts Farmers Market stock in a transaction dated Monday, October 7th. The stock was sold at an average price of $112.41, for a total transaction of $642,310.74. Following the completion of the sale, the chief executive officer now directly owns 211,004 shares of the company’s stock, valued at $23,718,959.64. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Dustin Hamilton sold 921 shares of Sprouts Farmers Market stock in a transaction dated Friday, October 11th. The stock was sold at an average price of $113.60, for a total value of $104,625.60. Following the sale, the insider now directly owns 25,251 shares of the company’s stock, valued at $2,868,513.60. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 124,142 shares of company stock worth $12,401,112. Company 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.