$1.64 Billion in Sales Expected for Sprouts Farmers Market, Inc. (NASDAQ:SFM) This Quarter

Equities research analysts expect Sprouts Farmers Market, Inc. (NASDAQ:SFMGet Rating) to post sales of $1.64 billion for the current fiscal quarter, according to Zacks Investment Research. Four analysts have made estimates for Sprouts Farmers Market’s earnings, with the highest sales estimate coming in at $1.66 billion and the lowest estimate coming in at $1.64 billion. Sprouts Farmers Market posted sales of $1.58 billion in the same quarter last year, which would indicate a positive year over year growth rate of 3.8%. The company is scheduled to announce its next earnings results after the market closes on Monday, January 1st.

On average, analysts expect that Sprouts Farmers Market will report full-year sales of $6.38 billion for the current year, with estimates ranging from $6.36 billion to $6.40 billion. For the next financial year, analysts expect that the firm will report sales of $6.79 billion, with estimates ranging from $6.74 billion to $6.83 billion. Zacks’ sales averages are an average based on a survey of analysts that cover Sprouts Farmers Market.

Sprouts Farmers Market (NASDAQ:SFMGet Rating) last released its quarterly earnings data on Thursday, February 24th. The company reported $0.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.01. Sprouts Farmers Market had a return on equity of 25.41% and a net margin of 4.00%. The firm had revenue of $1.49 billion during the quarter, compared to analyst estimates of $1.47 billion. During the same period in the prior year, the company posted $0.59 earnings per share. The business’s revenue for the quarter was down 6.8% compared to the same quarter last year.

SFM has been the subject of several analyst reports. Credit Suisse Group lifted their price objective on shares of Sprouts Farmers Market from $25.00 to $30.00 and gave the stock a “neutral” rating in a research note on Monday, February 28th. StockNews.com upgraded Sprouts Farmers Market from a “hold” rating to a “buy” rating in a report on Saturday. Gordon Haskett raised their target price on Sprouts Farmers Market from $22.00 to $25.00 in a research note on Monday, March 7th. JPMorgan Chase & Co. lifted their price target on Sprouts Farmers Market from $26.00 to $31.00 in a research note on Friday, February 25th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on Sprouts Farmers Market from $33.00 to $34.00 and gave the company a “buy” rating in a research note on Wednesday, February 23rd. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $27.83.

In other Sprouts Farmers Market news, Director Terri F. Graham sold 3,623 shares of the business’s stock in a transaction that occurred on Friday, March 4th. The stock was sold at an average price of $33.53, for a total transaction of $121,479.19. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Dan J. Sanders sold 5,412 shares of the business’s stock in a transaction on Monday, March 7th. The stock was sold at an average price of $32.68, for a total value of $176,864.16. The disclosure for this sale can be found here. Insiders have sold 105,946 shares of company stock valued at $3,416,200 over the last 90 days. 0.42% of the stock is currently owned by company insiders.

A number of hedge funds have recently added to or reduced their stakes in SFM. Lindbrook Capital LLC boosted its position in Sprouts Farmers Market by 20.2% during the 4th quarter. Lindbrook Capital LLC now owns 2,133 shares of the company’s stock worth $63,000 after purchasing an additional 359 shares during the period. TCI Wealth Advisors Inc. lifted its holdings in shares of Sprouts Farmers Market by 20.5% during the fourth quarter. TCI Wealth Advisors Inc. now owns 2,261 shares of the company’s stock valued at $67,000 after purchasing an additional 384 shares during the last quarter. Janney Montgomery Scott LLC raised its position in Sprouts Farmers Market by 1.0% during the third quarter. Janney Montgomery Scott LLC now owns 50,537 shares of the company’s stock valued at $1,171,000 after buying an additional 476 shares during the period. Shaker Investments LLC OH increased its holdings in shares of Sprouts Farmers Market by 1.0% during the 4th quarter. Shaker Investments LLC OH now owns 51,918 shares of the company’s stock valued at $1,541,000 after acquiring an additional 519 shares during the last quarter. Finally, Foundry Partners LLC boosted its stake in Sprouts Farmers Market by 8.4% during the 1st quarter. Foundry Partners LLC now owns 8,535 shares of the company’s stock valued at $273,000 after purchasing an additional 660 shares during the period.

NASDAQ:SFM opened at $32.10 on Friday. The stock’s 50 day moving average price is $31.15 and its two-hundred day moving average price is $27.84. Sprouts Farmers Market has a twelve month low of $21.18 and a twelve month high of $35.34. The firm has a market capitalization of $3.55 billion, a price-to-earnings ratio of 15.29, a price-to-earnings-growth ratio of 1.99 and a beta of 0.34. The company has a quick ratio of 0.59, a current ratio of 1.11 and a debt-to-equity ratio of 0.27.

About Sprouts Farmers Market (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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