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

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

Sprouts Farmers Market (NASDAQ:SFM) last released its quarterly earnings results on Thursday, February 22nd. The company reported $0.49 EPS for the quarter, beating the consensus estimate of $0.45 by $0.04. The firm had revenue of $1.70 billion for the quarter, compared to analyst estimates of $1.69 billion. Sprouts Farmers Market had a net margin of 3.79% and a return on equity of 26.71%. The business’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same quarter in the previous 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 %

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

Insider Transactions at Sprouts Farmers Market

In other news, insider Brandon F. Lombardi sold 22,799 shares of the stock in a transaction on Monday, February 26th. The shares were sold at an average price of $59.98, for a total transaction of $1,367,484.02. Following the transaction, the insider now owns 8,328 shares in the company, valued at approximately $499,513.44. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, insider Brandon F. Lombardi sold 3,865 shares of the company’s stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $62.21, for a total transaction of $240,441.65. Following the completion of the sale, the insider now directly owns 8,328 shares of the company’s stock, valued at approximately $518,084.88. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Brandon F. Lombardi sold 22,799 shares of the company’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $59.98, for a total transaction of $1,367,484.02. Following the sale, the insider now directly owns 8,328 shares of the company’s stock, valued at $499,513.44. 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 owned by insiders.

Analysts Set New Price Targets

SFM has been the subject of several research reports. Bank of America upgraded shares of Sprouts Farmers Market from an “underperform” rating to a “buy” rating and boosted their price target for the stock from $30.00 to $70.00 in a research note on Tuesday, February 27th. Evercore ISI dropped their target price on shares of 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, The Goldman Sachs Group raised their target price on shares of Sprouts Farmers Market from $56.00 to $71.00 and gave the stock a “buy” rating in a research report on Tuesday, March 5th. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Sprouts Farmers Market currently has an average rating of “Hold” and a consensus price target of $51.14.

About Sprouts Farmers Market

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.