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

Sprouts Farmers Market (NASDAQ:SFM) will announce its earnings results after the market closes on Wednesday, October 30th. Analysts expect the company to announce earnings of $0.75 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 announced its quarterly earnings data on Monday, July 29th. The company reported $0.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.78 by $0.16. The firm had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.84 billion. Sprouts Farmers Market had a return on equity of 27.53% and a net margin of 4.52%. The business’s revenue for the quarter was up 12.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.71 EPS. On average, analysts expect Sprouts Farmers Market to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Sprouts Farmers Market Trading Up 0.7 %

NASDAQ SFM opened at $118.27 on Wednesday. The business’s fifty day moving average is $106.35 and its 200-day moving average is $88.44. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.03 and a quick ratio of 0.44. The stock has a market capitalization of $11.84 billion, a price-to-earnings ratio of 37.08, a PEG ratio of 3.29 and a beta of 0.56. Sprouts Farmers Market has a one year low of $39.76 and a one year high of $118.59.

Insider Activity

In other Sprouts Farmers Market news, insider Dustin Hamilton sold 500 shares of the business’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $97.52, for a total value of $48,760.00. Following the completion of the sale, the insider now directly owns 27,188 shares of the company’s stock, valued at $2,651,373.76. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, insider Timmi Zalatoris sold 56,800 shares of the company’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $100.00, for a total transaction of $5,680,000.00. Following the completion of the sale, the insider now directly owns 10,895 shares in the company, valued at $1,089,500. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Dustin Hamilton sold 500 shares of the firm’s stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $97.52, for a total transaction of $48,760.00. Following the completion of the sale, the insider now directly owns 27,188 shares in the company, valued at approximately $2,651,373.76. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 124,142 shares of company stock valued at $12,401,112. Corporate insiders own 1.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Bank of America upped their price target on Sprouts Farmers Market from $100.00 to $115.00 and gave the company a “buy” rating in a research report on Thursday, September 5th. Deutsche Bank Aktiengesellschaft increased their target price on shares of Sprouts Farmers Market from $63.00 to $76.00 and gave the stock a “hold” rating in a research report on Monday, July 29th. Evercore ISI lifted their target price on shares of Sprouts Farmers Market from $125.00 to $130.00 and gave the stock an “outperform” rating in a research note on Tuesday. Roth Mkm upped their price target on shares of Sprouts Farmers Market from $58.00 to $78.00 and gave the company a “neutral” rating in a research note on Tuesday, July 30th. Finally, UBS Group boosted their target price on shares of Sprouts Farmers Market from $68.00 to $94.00 and gave the company a “neutral” rating in a report on Friday, June 28th. Nine investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, Sprouts Farmers Market has an average rating of “Hold” and an average target price of $102.40.

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.