Sprouts Farmers Market (SFM) to Release Quarterly Earnings on Wednesday

Sprouts Farmers Market (NASDAQ:SFM) is scheduled to announce its earnings results after the market closes on Wednesday, May 1st. Analysts expect the company to announce earnings of $1.00 per share for the quarter. Parties that wish to register for the company’s conference call can do so using this link.

Sprouts Farmers Market (NASDAQ:SFM) last issued its earnings results on Thursday, February 22nd. The company reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.04. The company had revenue of $1.70 billion for the quarter, compared to the consensus estimate of $1.69 billion. Sprouts Farmers Market had a return on equity of 26.71% and a net margin of 3.79%. The firm’s quarterly revenue was up 7.7% on a year-over-year basis. During the same quarter last year, the company earned $0.42 EPS. On average, analysts expect Sprouts Farmers Market to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Sprouts Farmers Market Stock Up 0.1 %

Shares of SFM opened at $65.49 on Wednesday. The business’s 50 day moving average is $61.40 and its 200 day moving average is $51.46. The company has a market capitalization of $6.63 billion, a PE ratio of 26.09, a price-to-earnings-growth ratio of 2.37 and a beta of 0.50. Sprouts Farmers Market has a 12-month low of $32.12 and a 12-month high of $66.18. The company has a current ratio of 1.10, a quick ratio of 0.51 and a debt-to-equity ratio of 0.12.

Analysts Set New Price Targets

A number of research firms have issued reports on SFM. The Goldman Sachs Group lifted their price objective on Sprouts Farmers Market from $56.00 to $71.00 and gave the stock a “buy” rating in a research note on Tuesday, March 5th. Evercore ISI dropped their target price on Sprouts Farmers Market from $62.00 to $61.00 and set an “in-line” rating for the company in a report on Tuesday, April 16th. Finally, Bank of America upgraded Sprouts Farmers Market from an “underperform” rating to a “buy” rating and lifted their target price for the stock from $30.00 to $70.00 in a report on Tuesday, February 27th. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, Sprouts Farmers Market presently has a consensus rating of “Hold” and an average target price of $51.14.

Insider Activity at Sprouts Farmers Market

In related news, VP Stacy W. Hilgendorf sold 3,774 shares of the business’s stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $62.26, for a total transaction of $234,969.24. Following the completion of the transaction, the vice president now owns 10,748 shares in the company, valued at approximately $669,170.48. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Sprouts Farmers Market news, COO Nicholas Konat sold 31,846 shares of Sprouts Farmers Market stock in a transaction on Friday, March 22nd. The stock was sold at an average price of $62.13, for a total transaction of $1,978,591.98. Following the completion of the sale, the chief operating officer now directly owns 82,495 shares of the company’s stock, valued at approximately $5,125,414.35. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Stacy W. Hilgendorf sold 3,774 shares of the business’s stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $62.26, for a total value of $234,969.24. Following the completion of the transaction, the vice president now directly owns 10,748 shares of the company’s stock, valued at $669,170.48. The disclosure for this sale can be found here. Insiders sold a total of 160,852 shares of company stock worth $10,032,745 in the last quarter. 1.10% of the stock is owned by company insiders.

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.