Sprouts Farmers Market, Inc. (SFM) Releases FY17 Earnings Guidance
Sprouts Farmers Market, Inc. (NASDAQ:SFM) issued an update on its FY17 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $0.98-0.99 for the period, compared to the Thomson Reuters consensus estimate of $0.93. The company issued revenue guidance of $4.633-4.653 billion, compared to the consensus revenue estimate of $4.62 billion.
Sprouts Farmers Market (NASDAQ:SFM) last issued its quarterly earnings data on Thursday, August 3rd. The company reported $0.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.04. The company had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.17 billion. Sprouts Farmers Market had a return on equity of 18.79% and a net margin of 2.96%. The business’s quarterly revenue was up 14.8% compared to the same quarter last year. During the same quarter last year, the company posted $0.25 earnings per share.
SFM has been the topic of several research reports. BMO Capital Markets set a $24.00 price objective on Sprouts Farmers Market and gave the stock a hold rating in a report on Tuesday, August 29th. SunTrust Banks, Inc. reaffirmed a buy rating and set a $27.00 price objective on shares of Sprouts Farmers Market in a report on Friday, September 15th. Zacks Investment Research lowered Sprouts Farmers Market from a hold rating to a sell rating in a report on Wednesday, October 18th. William Blair reiterated a buy rating on shares of Sprouts Farmers Market in a research note on Friday, August 25th. Finally, BidaskClub downgraded shares of Sprouts Farmers Market from a hold rating to a sell rating in a research note on Monday, September 18th. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating and eleven have assigned a buy rating to the company’s stock. Sprouts Farmers Market has a consensus rating of Hold and a consensus price target of $24.50.
In other Sprouts Farmers Market news, Director Steven H. Townsend sold 15,000 shares of the stock in a transaction dated Thursday, August 17th. The shares were sold at an average price of $24.42, for a total value of $366,300.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Bradley Lukow bought 7,000 shares of the company’s stock in a transaction on Tuesday, August 29th. The stock was bought at an average cost of $19.80 per share, with a total value of $138,600.00. The disclosure for this purchase can be found here. 2.60% of the stock is owned by company insiders.
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Sprouts Farmers Market Company Profile
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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