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Sprouts Farmers Market Inc (NYSE:SFM) issued an update on its FY14 earnings guidance on Wednesday morning. The company provided earnings per share guidance of $0.63-0.65 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.63, Analyst Ratings News reports.

Sprouts Farmers Market Inc (NYSE:SFM) traded down 11.87% during mid-day trading on Wednesday, hitting $27.40. The stock had a trading volume of 5,828,371 shares. Sprouts Farmers Market Inc has a 52 week low of $30.56 and a 52 week high of $49.45. The stock has a 50-day moving average of $34.79 and a 200-day moving average of $37.94. The company has a market cap of $4.048 billion and a P/E ratio of 84.03.

Sprouts Farmers Market (NYSE:SFM) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $0.22 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.19 by $0.03. The company had revenue of $722.60 million for the quarter, compared to the consensus estimate of $706.73 million. During the same quarter last year, the company posted $0.14 earnings per share. Sprouts Farmers Market’s revenue was up 26.0% compared to the same quarter last year. On average, analysts predict that Sprouts Farmers Market Inc will post $0.63 earnings per share for the current fiscal year.

A number of analysts have recently weighed in on SFM shares. Analysts at Deutsche Bank downgraded shares of Sprouts Farmers Market from a buy rating to a hold rating in a research note on Wednesday. They now have a $30.00 price target on the stock, down previously from $45.00. Finally, analysts at Wells Fargo & Co. initiated coverage on shares of Sprouts Farmers Market in a research note on Wednesday, April 23rd. They set an outperform rating on the stock. Eight analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock presently has a consensus rating of Hold and a consensus price target of $37.25.

Sprouts Farmers Market, Inc (NYSE:SFM) is a specialty retailer of natural and organic food focusing on health and wellness.

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