Sprouts Farmers Market, Inc. (NASDAQ:SFM) to Post Q2 2024 Earnings of $0.76 Per Share, Roth Capital Forecasts

Sprouts Farmers Market, Inc. (NASDAQ:SFM) – Roth Capital boosted their Q2 2024 earnings estimates for shares of Sprouts Farmers Market in a research report issued to clients and investors on Thursday, May 2nd. Roth Capital analyst W. Kirk now forecasts that the company will post earnings per share of $0.76 for the quarter, up from their previous forecast of $0.72. The consensus estimate for Sprouts Farmers Market’s current full-year earnings is $2.96 per share. Roth Capital also issued estimates for Sprouts Farmers Market’s Q3 2024 earnings at $0.72 EPS, Q4 2024 earnings at $0.60 EPS, FY2024 earnings at $3.20 EPS, Q1 2025 earnings at $1.17 EPS, Q2 2025 earnings at $0.81 EPS, Q3 2025 earnings at $0.76 EPS, Q4 2025 earnings at $0.62 EPS and FY2025 earnings at $3.37 EPS.

Sprouts Farmers Market (NASDAQ:SFM) last issued its quarterly earnings results on Wednesday, May 1st. The company reported $1.12 earnings per share for the quarter, topping the consensus estimate of $1.00 by $0.12. The business had revenue of $1.88 billion for the quarter, compared to analysts’ expectations of $1.85 billion. Sprouts Farmers Market had a net margin of 4.25% and a return on equity of 27.36%. The company’s revenue was up 8.7% compared to the same quarter last year. During the same quarter last year, the company posted $0.98 EPS.

Other research analysts have also recently issued research reports about the stock. The Goldman Sachs Group lifted their price target on shares of Sprouts Farmers Market from $56.00 to $71.00 and gave the stock a “buy” rating in a research note on Tuesday, March 5th. Wells Fargo & Company lifted their target price on shares of Sprouts Farmers Market from $48.00 to $62.00 and gave the company an “underweight” rating in a research note on Thursday. BMO Capital Markets lifted their target price on shares of Sprouts Farmers Market from $31.00 to $40.00 and gave the company an “underperform” rating in a research note on Thursday. Oppenheimer restated a “market perform” rating on shares of Sprouts Farmers Market in a research note on Monday, April 29th. Finally, Bank of America upgraded shares of Sprouts Farmers Market from an “underperform” rating to a “buy” rating and lifted their target price for the company from $30.00 to $70.00 in a research note on Tuesday, February 27th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $53.50.

Sprouts Farmers Market Trading Up 2.3 %

Shares of Sprouts Farmers Market stock opened at $73.68 on Friday. The company’s fifty day simple moving average is $63.94 and its 200-day simple moving average is $52.87. The stock has a market capitalization of $7.46 billion, a PE ratio of 25.41, a P/E/G ratio of 2.33 and a beta of 0.50. Sprouts Farmers Market has a 1-year low of $32.12 and a 1-year high of $74.03. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.10 and a quick ratio of 0.51.

Insiders Place Their Bets

In other Sprouts Farmers Market news, CMO Alisa Gmelich sold 479 shares of the business’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of $62.47, for a total value of $29,923.13. Following the sale, the chief marketing officer now owns 2,987 shares in the company, valued at approximately $186,597.89. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Sprouts Farmers Market news, insider Brandon F. Lombardi sold 22,799 shares of the business’s stock in a transaction on Monday, February 26th. The shares were sold at an average price of $59.98, for a total value of $1,367,484.02. Following the sale, the insider now owns 8,328 shares in the company, valued at approximately $499,513.44. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CMO Alisa Gmelich sold 479 shares of the business’s stock in a transaction on Friday, March 15th. The stock was sold at an average price of $62.47, for a total transaction of $29,923.13. Following the completion of the sale, the chief marketing officer now owns 2,987 shares in the company, valued at approximately $186,597.89. The disclosure for this sale can be found here. Insiders have sold a total of 160,852 shares of company stock worth $10,032,745 in the last 90 days. 1.10% of the stock is currently owned by corporate insiders.

Institutional Trading of Sprouts Farmers Market

A number of large investors have recently made changes to their positions in the business. PFG Investments LLC increased its holdings in shares of Sprouts Farmers Market by 4.2% in the 1st quarter. PFG Investments LLC now owns 4,504 shares of the company’s stock worth $290,000 after buying an additional 181 shares during the last quarter. Parallel Advisors LLC increased its holdings in shares of Sprouts Farmers Market by 11.7% in the 4th quarter. Parallel Advisors LLC now owns 1,987 shares of the company’s stock worth $96,000 after buying an additional 208 shares during the last quarter. Xponance Inc. increased its holdings in shares of Sprouts Farmers Market by 1.4% in the 4th quarter. Xponance Inc. now owns 14,976 shares of the company’s stock worth $720,000 after buying an additional 209 shares during the last quarter. Baldwin Brothers LLC MA increased its holdings in shares of Sprouts Farmers Market by 20.0% in the 4th quarter. Baldwin Brothers LLC MA now owns 1,260 shares of the company’s stock worth $61,000 after buying an additional 210 shares during the last quarter. Finally, Nations Financial Group Inc. IA ADV increased its holdings in shares of Sprouts Farmers Market by 3.1% in the 4th quarter. Nations Financial Group Inc. IA ADV now owns 7,149 shares of the company’s stock worth $344,000 after buying an additional 216 shares during the last quarter.

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.