Sprouts Farmers Market (SFM) Projected to Post Earnings on Thursday

Sprouts Farmers Market (NASDAQ:SFM) is projected to post its quarterly earnings results after the market closes on Thursday, February 20th. Analysts expect Sprouts Farmers Market to post earnings of $0.72 per share and revenue of $1.96 billion for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.

Sprouts Farmers Market Stock Performance

Shares of SFM opened at $170.48 on Thursday. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.13 and a quick ratio of 0.59. Sprouts Farmers Market has a one year low of $50.89 and a one year high of $170.92. The company has a 50-day simple moving average of $145.09 and a two-hundred day simple moving average of $126.20. The firm has a market capitalization of $17.05 billion, a PE ratio of 49.27, a price-to-earnings-growth ratio of 2.25 and a beta of 0.63.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on SFM shares. Evercore ISI lifted their target price on shares of Sprouts Farmers Market from $155.00 to $160.00 and gave the company an “outperform” rating in a report on Tuesday, December 3rd. The Goldman Sachs Group lifted their target price on shares of Sprouts Farmers Market from $127.00 to $159.00 and gave the company a “buy” rating in a report on Friday, November 1st. Wells Fargo & Company raised their price target on shares of Sprouts Farmers Market from $130.00 to $140.00 and gave the company an “equal weight” rating in a research report on Thursday, January 30th. Bank of America raised their price target on shares of Sprouts Farmers Market from $165.00 to $185.00 and gave the company a “buy” rating in a research report on Tuesday. Finally, StockNews.com raised shares of Sprouts Farmers Market from a “hold” rating to a “buy” rating in a research report on Wednesday, January 15th. Eight research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, Sprouts Farmers Market presently has an average rating of “Hold” and a consensus price target of $124.40.

Insider Transactions at Sprouts Farmers Market

In other Sprouts Farmers Market news, Director Douglas Gregory Rauch sold 700 shares of the firm’s stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $148.89, for a total value of $104,223.00. Following the completion of the transaction, the director now owns 10,874 shares of the company’s stock, valued at approximately $1,619,029.86. This trade represents a 6.05 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Joseph D. O’leary sold 350 shares of the firm’s stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $150.11, for a total transaction of $52,538.50. Following the completion of the transaction, the director now directly owns 17,991 shares of the company’s stock, valued at approximately $2,700,629.01. This represents a 1.91 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 42,614 shares of company stock valued at $6,323,731. Company insiders own 1.10% of the company’s stock.

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.