Brokerages expect Sprouts Farmers Market, Inc. (NASDAQ:SFM) to report $1.13 billion in sales for the current quarter, according to Zacks Investment Research. Five analysts have issued estimates for Sprouts Farmers Market’s earnings, with the lowest sales estimate coming in at $1.12 billion and the highest estimate coming in at $1.14 billion. Sprouts Farmers Market reported sales of $985.70 million in the same quarter last year, which indicates a positive year over year growth rate of 14.6%. The business is expected to report its next earnings report on Thursday, February 22nd.

On average, analysts expect that Sprouts Farmers Market will report full-year sales of $1.13 billion for the current year, with estimates ranging from $4.64 billion to $4.66 billion. For the next fiscal year, analysts forecast that the firm will report sales of $5.24 billion per share, with estimates ranging from $5.21 billion to $5.25 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that that provide coverage for Sprouts Farmers Market.

Sprouts Farmers Market (NASDAQ:SFM) last posted its quarterly earnings results on Thursday, November 2nd. The company reported $0.23 EPS for the quarter, beating the consensus estimate of $0.18 by $0.05. The business had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $1.18 billion. Sprouts Farmers Market had a return on equity of 21.00% and a net margin of 3.01%. The company’s quarterly revenue was up 16.4% compared to the same quarter last year. During the same period last year, the firm earned $0.16 EPS.

Several analysts have recently commented on SFM shares. SunTrust Banks, Inc. reissued a “buy” rating and issued a $27.00 price target on shares of Sprouts Farmers Market in a report on Friday, September 15th. Jefferies Group LLC reduced their price target on Sprouts Farmers Market from $26.00 to $19.00 and set a “hold” rating for the company in a report on Monday, October 30th. William Blair reissued a “buy” rating on shares of Sprouts Farmers Market in a report on Friday, August 25th. BidaskClub cut Sprouts Farmers Market from a “buy” rating to a “hold” rating in a report on Thursday, August 24th. Finally, Loop Capital reduced their price target on Sprouts Farmers Market from $25.00 to $24.00 and set a “hold” rating for the company in a report on Friday, November 3rd. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and twelve have given a buy rating to the stock. Sprouts Farmers Market currently has an average rating of “Hold” and a consensus target price of $24.28.

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In related news, insider Daniel Bruni purchased 15,000 shares of the company’s stock in a transaction on Friday, September 15th. The stock was bought at an average price of $19.00 per share, with a total value of $285,000.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Bradley Lukow purchased 7,000 shares of the company’s stock in a transaction on Tuesday, August 29th. The shares were 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. Company insiders own 2.60% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in the business. Teachers Advisors LLC grew its position in shares of Sprouts Farmers Market by 1.3% in the first quarter. Teachers Advisors LLC now owns 217,337 shares of the company’s stock valued at $5,025,000 after purchasing an additional 2,767 shares during the period. PNC Financial Services Group Inc. grew its position in shares of Sprouts Farmers Market by 9.4% in the first quarter. PNC Financial Services Group Inc. now owns 5,460 shares of the company’s stock valued at $126,000 after purchasing an additional 468 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Sprouts Farmers Market by 5.6% in the first quarter. Dimensional Fund Advisors LP now owns 828,926 shares of the company’s stock valued at $19,163,000 after purchasing an additional 44,083 shares during the period. Public Employees Retirement System of Ohio grew its position in shares of Sprouts Farmers Market by 1.2% in the first quarter. Public Employees Retirement System of Ohio now owns 67,834 shares of the company’s stock valued at $1,568,000 after purchasing an additional 783 shares during the period. Finally, Capstone Asset Management Co. grew its position in shares of Sprouts Farmers Market by 0.9% in the second quarter. Capstone Asset Management Co. now owns 13,670 shares of the company’s stock valued at $310,000 after purchasing an additional 120 shares during the period. 88.87% of the stock is owned by institutional investors.

Sprouts Farmers Market (NASDAQ:SFM) traded down $0.26 on Wednesday, hitting $20.59. The stock had a trading volume of 2,308,800 shares, compared to its average volume of 2,956,517. The company has a quick ratio of 0.23, a current ratio of 1.00 and a debt-to-equity ratio of 0.77. The firm has a market cap of $2,774.52, a PE ratio of 21.50, a P/E/G ratio of 1.85 and a beta of 0.54. Sprouts Farmers Market has a 1-year low of $17.38 and a 1-year high of $25.98.

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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