Sprouts Farmers Market, Inc. (NASDAQ:SFM) to Release Quarterly Earnings on Thursday
Sprouts Farmers Market, Inc. (NASDAQ:SFM) will be announcing its earnings results before the market opens on Thursday, August 3rd. Analysts expect the company to announce earnings of $0.25 per share for the quarter. Sprouts Farmers Market has set its FY17 guidance at $0.87-$0.91 EPS.
Sprouts Farmers Market (NASDAQ:SFM) last issued its quarterly earnings results on Thursday, May 4th. The company reported $0.33 EPS for the quarter, beating the Zacks’ consensus estimate of $0.29 by $0.04. The company had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.11 billion. Sprouts Farmers Market had a return on equity of 17.33% and a net margin of 2.97%. Sprouts Farmers Market’s revenue was up 13.8% on a year-over-year basis. During the same period last year, the business posted $0.30 earnings per share. On average, analysts expect Sprouts Farmers Market to post $0.91 EPS for the current fiscal year and $1.03 EPS for the next fiscal year.
Shares of Sprouts Farmers Market, Inc. (SFM) opened at 24.50 on Thursday. The stock has a market capitalization of $3.37 billion, a P/E ratio of 28.79 and a beta of 0.51. The company’s 50 day moving average price is $23.26 and its 200-day moving average price is $21.73. Sprouts Farmers Market, Inc. has a 12 month low of $17.38 and a 12 month high of $25.98.
A number of brokerages recently commented on SFM. BMO Capital Markets set a $24.00 price target on shares of Sprouts Farmers Market and gave the company a “hold” rating in a report on Saturday, June 10th. Jefferies Group LLC set a $26.00 price target on shares of Sprouts Farmers Market and gave the company a “buy” rating in a report on Wednesday, June 14th. Morgan Stanley downgraded shares of Sprouts Farmers Market from an “overweight” rating to an “equal” rating and increased their price target for the company from $21.00 to $23.00 in a report on Thursday, June 15th. TheStreet raised shares of Sprouts Farmers Market from a “c+” rating to a “b-” rating in a report on Tuesday. Finally, Deutsche Bank AG reaffirmed a “hold” rating on shares of Sprouts Farmers Market in a report on Friday, May 12th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and fifteen have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $24.90.
In other news, COO James Leroy Nielsen sold 55,322 shares of the firm’s stock in a transaction that occurred on Thursday, May 25th. The shares were sold at an average price of $23.74, for a total transaction of $1,313,344.28. Following the transaction, the chief operating officer now directly owns 152,430 shares of the company’s stock, valued at $3,618,688.20. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Brandon F. Lombardi sold 28,500 shares of the firm’s stock in a transaction that occurred on Thursday, May 11th. The stock was sold at an average price of $24.20, for a total transaction of $689,700.00. Following the transaction, the insider now directly owns 82,261 shares in the company, valued at $1,990,716.20. The disclosure for this sale can be found here. Insiders sold a total of 119,246 shares of company stock worth $2,840,927 over the last three months. 2.60% of the stock is currently owned by corporate insiders.
About Sprouts Farmers Market
Sprouts Farmers Market, Inc is a food retailer. The Company operates as a grocery store that offers fresh, natural and organic food that includes fresh produce, bulk foods, vitamins and supplements, packaged groceries, meat and seafood, deli, baked goods, dairy products, frozen foods, body care and natural household items catering to consumers’ interest in health and wellness.
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