What is Zacks Research’s Estimate for SFM FY2024 Earnings?

Sprouts Farmers Market, Inc. (NASDAQ:SFM) – Zacks Research upped their FY2024 earnings per share (EPS) estimates for shares of Sprouts Farmers Market in a research note issued to investors on Wednesday, November 13th. Zacks Research analyst S. Singh now forecasts that the company will earn $3.67 per share for the year, up from their prior forecast of $3.35. The consensus estimate for Sprouts Farmers Market’s current full-year earnings is $3.68 per share. Zacks Research also issued estimates for Sprouts Farmers Market’s Q4 2024 earnings at $0.70 EPS, Q1 2025 earnings at $1.28 EPS, Q2 2025 earnings at $1.10 EPS, Q1 2026 earnings at $1.40 EPS and Q2 2026 earnings at $1.20 EPS.

Several other equities research analysts have also commented on SFM. BMO Capital Markets boosted their price target on Sprouts Farmers Market from $102.00 to $140.00 and gave the stock a “market perform” rating in a research note on Thursday, October 31st. Royal Bank of Canada began coverage on shares of Sprouts Farmers Market in a research report on Thursday, September 12th. They set a “sector perform” rating and a $107.00 target price for the company. The Goldman Sachs Group upped their target price on Sprouts Farmers Market from $127.00 to $159.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Wells Fargo & Company boosted their price target on Sprouts Farmers Market from $90.00 to $130.00 and gave the stock an “equal weight” rating in a report on Thursday, October 31st. Finally, Melius Research initiated coverage on Sprouts Farmers Market in a research report on Monday, September 23rd. They set a “hold” rating and a $105.00 price objective for the company. Nine research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, Sprouts Farmers Market currently has a consensus rating of “Hold” and a consensus price target of $115.40.

Sprouts Farmers Market Stock Down 0.4 %

Shares of NASDAQ SFM opened at $141.42 on Monday. The stock has a market capitalization of $14.14 billion, a price-to-earnings ratio of 40.87, a price-to-earnings-growth ratio of 2.15 and a beta of 0.54. Sprouts Farmers Market has a 52 week low of $40.39 and a 52 week high of $148.56. The firm has a 50-day moving average price of $119.12 and a 200 day moving average price of $97.60. The company has a quick ratio of 0.59, a current ratio of 1.13 and a debt-to-equity ratio of 0.01.

Sprouts Farmers Market (NASDAQ:SFM) last released its earnings results on Wednesday, October 30th. The company reported $0.91 EPS for the quarter, topping the consensus estimate of $0.77 by $0.14. Sprouts Farmers Market had a net margin of 4.73% and a return on equity of 28.24%. The company had revenue of $1.95 billion during the quarter, compared to analysts’ expectations of $1.88 billion. During the same quarter last year, the business earned $0.65 EPS. The business’s revenue was up 13.6% on a year-over-year basis.

Insider Buying and Selling at Sprouts Farmers Market

In related news, insider Dustin Hamilton sold 500 shares of the business’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $97.52, for a total transaction of $48,760.00. Following the transaction, the insider now owns 27,188 shares of the company’s stock, valued at approximately $2,651,373.76. The trade was a 1.81 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Kristen E. Blum sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $100.00, for a total value of $200,000.00. Following the sale, the director now owns 51,627 shares in the company, valued at approximately $5,162,700. This represents a 3.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 50,648 shares of company stock valued at $5,902,586 in the last quarter. Company insiders own 1.10% of the company’s stock.

Institutional Investors Weigh In On Sprouts Farmers Market

Institutional investors have recently modified their holdings of the business. Coldstream Capital Management Inc. grew its holdings in shares of Sprouts Farmers Market by 7.4% during the third quarter. Coldstream Capital Management Inc. now owns 4,973 shares of the company’s stock worth $553,000 after buying an additional 341 shares in the last quarter. Geode Capital Management LLC raised its stake in Sprouts Farmers Market by 2.3% in the 3rd quarter. Geode Capital Management LLC now owns 2,484,059 shares of the company’s stock valued at $275,634,000 after acquiring an additional 56,161 shares during the period. Barclays PLC lifted its stake in shares of Sprouts Farmers Market by 128.3% during the 3rd quarter. Barclays PLC now owns 199,035 shares of the company’s stock worth $21,975,000 after buying an additional 111,838 shares during the last quarter. Dorsey Wright & Associates boosted its holdings in shares of Sprouts Farmers Market by 106.3% during the third quarter. Dorsey Wright & Associates now owns 64,073 shares of the company’s stock worth $7,074,000 after acquiring an additional 33,011 shares during the period. Finally, Orion Portfolio Solutions LLC boosted its stake in Sprouts Farmers Market by 82.7% in the 3rd quarter. Orion Portfolio Solutions LLC now owns 17,690 shares of the company’s stock valued at $1,953,000 after purchasing an additional 8,010 shares during the period.

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.