FY2022 EPS Estimates for Sprouts Farmers Market, Inc. Cut by Analyst (NASDAQ:SFM)

Sprouts Farmers Market, Inc. (NASDAQ:SFMGet Rating) – Equities research analysts at Oppenheimer reduced their FY2022 EPS estimates for shares of Sprouts Farmers Market in a research note issued to investors on Wednesday, May 4th. Oppenheimer analyst R. Parikh now expects that the company will post earnings of $2.15 per share for the year, down from their previous estimate of $2.25. Oppenheimer also issued estimates for Sprouts Farmers Market’s Q4 2022 earnings at $0.32 EPS.

Several other research firms have also issued reports on SFM. Gordon Haskett upped their target price on shares of Sprouts Farmers Market from $22.00 to $25.00 in a research note on Monday, March 7th. JPMorgan Chase & Co. increased their price objective on shares of Sprouts Farmers Market from $26.00 to $31.00 in a research note on Friday, February 25th. StockNews.com raised shares of Sprouts Farmers Market from a “hold” rating to a “buy” rating in a research report on Saturday, April 16th. Deutsche Bank Aktiengesellschaft upped their target price on Sprouts Farmers Market from $33.00 to $34.00 and gave the company a “buy” rating in a report on Wednesday, February 23rd. Finally, Bank of America lowered Sprouts Farmers Market from a “buy” rating to an “underperform” rating and dropped their price target for the stock from $40.00 to $25.00 in a report on Thursday. Three analysts have rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $27.33.

SFM opened at $23.95 on Monday. Sprouts Farmers Market has a fifty-two week low of $21.18 and a fifty-two week high of $35.34. The firm has a market capitalization of $2.65 billion, a PE ratio of 10.94, a P/E/G ratio of 1.52 and a beta of 0.38. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.22 and a quick ratio of 0.59. The company’s 50-day moving average is $31.49 and its 200 day moving average is $28.73.

Sprouts Farmers Market (NASDAQ:SFMGet Rating) last announced its quarterly earnings data on Wednesday, May 4th. The company reported $0.79 EPS for the quarter, beating analysts’ consensus estimates of $0.72 by $0.07. Sprouts Farmers Market had a return on equity of 25.65% and a net margin of 4.05%. The firm had revenue of $1.64 billion during the quarter, compared to analysts’ expectations of $1.65 billion. During the same quarter last year, the firm posted $0.70 earnings per share. The company’s revenue for the quarter was up 4.2% compared to the same quarter last year.

In related news, CEO Jack Sinclair sold 7,555 shares of Sprouts Farmers Market stock in a transaction on Thursday, March 10th. The stock was sold at an average price of $30.83, for a total transaction of $232,920.65. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider David Mcglinchey sold 13,027 shares of the company’s stock in a transaction dated Monday, March 14th. The stock was sold at an average price of $31.39, for a total value of $408,917.53. The disclosure for this sale can be found here. In the last 90 days, insiders sold 105,946 shares of company stock valued at $3,416,200. 0.71% of the stock is owned by corporate insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Jupiter Asset Management Ltd. grew its position in Sprouts Farmers Market by 437.5% during the third quarter. Jupiter Asset Management Ltd. now owns 1,452,940 shares of the company’s stock valued at $33,665,000 after acquiring an additional 1,182,631 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of Sprouts Farmers Market by 10.9% in the 3rd quarter. Goldman Sachs Group Inc. now owns 1,107,147 shares of the company’s stock valued at $25,652,000 after purchasing an additional 108,761 shares in the last quarter. Curbstone Financial Management Corp bought a new position in shares of Sprouts Farmers Market during the 4th quarter valued at $426,000. Dimensional Fund Advisors LP raised its position in Sprouts Farmers Market by 4.5% in the 3rd quarter. Dimensional Fund Advisors LP now owns 2,967,391 shares of the company’s stock worth $68,758,000 after purchasing an additional 127,264 shares during the period. Finally, UBS Asset Management Americas Inc. raised its position in Sprouts Farmers Market by 21.1% in the 3rd quarter. UBS Asset Management Americas Inc. now owns 181,812 shares of the company’s stock worth $4,213,000 after purchasing an additional 31,682 shares during the period.

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.

See Also

Earnings History and Estimates for Sprouts Farmers Market (NASDAQ:SFM)

Receive News & Ratings for Sprouts Farmers Market Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sprouts Farmers Market and related companies with MarketBeat.com's FREE daily email newsletter.