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

Sprouts Farmers Market (NASDAQ:SFM – Get Rating) is set to post its quarterly earnings results after the market closes on Wednesday, May 4th. Analysts expect Sprouts Farmers Market to post earnings of $0.72 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 – Get Rating) last posted its quarterly earnings data on Thursday, February 24th. The company reported $0.32 earnings per share for the quarter, topping the Thomson Reuters’ 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 business had revenue of $1.49 billion for the quarter, compared to analysts’ expectations of $1.47 billion. During the same quarter in the previous year, the firm earned $0.59 earnings per share. The business’s revenue was down 6.8% on a year-over-year basis. On average, analysts expect Sprouts Farmers Market to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

SFM stock opened at $30.50 on Wednesday. The stock’s fifty day simple moving average is $31.49 and its two-hundred day simple moving average is $28.33. The company has a current ratio of 1.11, a quick ratio of 0.59 and a debt-to-equity ratio of 0.27. Sprouts Farmers Market has a 1-year low of $21.18 and a 1-year high of $35.34. The stock has a market cap of $3.37 billion, a P/E ratio of 14.52, a P/E/G ratio of 1.99 and a beta of 0.34.

In other Sprouts Farmers Market news, insider David Mcglinchey sold 13,027 shares of the business’s stock in a transaction that occurred on Monday, March 14th. The shares were sold at an average price of $31.39, for a total value of $408,917.53. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Jack Sinclair sold 64,047 shares of the business’s stock in a transaction that occurred on Monday, March 7th. The stock was sold at an average price of $32.69, for a total transaction of $2,093,696.43. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 105,946 shares of company stock valued at $3,416,200. 0.42% of the stock is owned by corporate insiders.

A number of hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. grew its stake in Sprouts Farmers Market by 1.4% in the 4th quarter. BlackRock Inc. now owns 13,853,199 shares of the company’s stock worth $411,162,000 after buying an additional 192,465 shares in the last quarter. Wells Fargo & Company MN grew its stake in Sprouts Farmers Market by 2.9% in the 4th quarter. Wells Fargo & Company MN now owns 454,407 shares of the company’s stock worth $13,486,000 after buying an additional 12,666 shares in the last quarter. Barclays PLC raised its holdings in Sprouts Farmers Market by 18.6% during the 4th quarter. Barclays PLC now owns 271,296 shares of the company’s stock valued at $8,053,000 after buying an additional 42,533 shares during the last quarter. Sei Investments Co. raised its holdings in Sprouts Farmers Market by 28.7% during the 4th quarter. Sei Investments Co. now owns 211,291 shares of the company’s stock valued at $6,270,000 after buying an additional 47,106 shares during the last quarter. Finally, Public Employees Retirement System of Ohio raised its holdings in Sprouts Farmers Market by 41.5% during the 4th quarter. Public Employees Retirement System of Ohio now owns 92,354 shares of the company’s stock valued at $2,741,000 after buying an additional 27,076 shares during the last quarter.

Several research analysts have weighed in on the company. Gordon Haskett boosted their price objective on Sprouts Farmers Market from $22.00 to $25.00 in a research report on Monday, March 7th. Deutsche Bank Aktiengesellschaft upped their price target on Sprouts Farmers Market from $33.00 to $34.00 and gave the company a “buy” rating in a research report on Wednesday, February 23rd. Credit Suisse Group upped their price target on Sprouts Farmers Market from $25.00 to $30.00 and gave the company a “neutral” rating in a research report on Monday, February 28th. JPMorgan Chase & Co. upped their price target on Sprouts Farmers Market from $26.00 to $31.00 in a research report on Friday, February 25th. Finally, StockNews.com raised Sprouts Farmers Market from a “hold” rating to a “buy” rating in a research report on Saturday, April 16th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $27.83.

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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