Equities analysts expect that Sprouts Farmers Market Inc (NASDAQ:SFM) will report sales of $1.14 billion for the current fiscal quarter, according to Zacks. Five analysts have made estimates for Sprouts Farmers Market’s earnings. The lowest sales estimate is $1.13 billion and the highest is $1.15 billion. Sprouts Farmers Market posted sales of $985.70 million during the same quarter last year, which suggests a positive year over year growth rate of 15.7%. The company is scheduled to report its next earnings report on Thursday, February 22nd.

On average, analysts expect that Sprouts Farmers Market will report full-year sales of $1.14 billion for the current year, with estimates ranging from $4.65 billion to $4.67 billion. For the next year, analysts anticipate that the business will report sales of $5.25 billion per share, with estimates ranging from $5.22 billion to $5.27 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research firms that cover Sprouts Farmers Market.

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

A number of analysts recently weighed in on the stock. Stephens set a $27.00 price target on shares of Sprouts Farmers Market and gave the company a “hold” rating in a research report on Wednesday. Zacks Investment Research downgraded shares of Sprouts Farmers Market from a “buy” rating to a “hold” rating in a research report on Friday, January 12th. BidaskClub upgraded shares of Sprouts Farmers Market from a “buy” rating to a “strong-buy” rating in a research report on Friday, December 22nd. BMO Capital Markets set a $26.00 price target on shares of Sprouts Farmers Market and gave the company a “hold” rating in a research report on Wednesday, January 10th. Finally, Susquehanna Bancshares set a $30.00 target price on Sprouts Farmers Market and gave the stock a “buy” rating in a research note on Thursday, January 11th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and thirteen have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $25.00.

Shares of Sprouts Farmers Market (NASDAQ:SFM) opened at $26.65 on Friday. The firm has a market cap of $3,640.00, a P/E ratio of 27.47, a P/E/G ratio of 2.07 and a beta of 0.67. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.00 and a quick ratio of 0.23. Sprouts Farmers Market has a 52-week low of $17.38 and a 52-week high of $26.98.

In other news, Director Shon A. Boney sold 848,409 shares of the firm’s stock in a transaction that occurred on Wednesday, January 3rd. The shares were sold at an average price of $24.72, for a total transaction of $20,972,670.48. Following the completion of the transaction, the director now directly owns 478,965 shares of the company’s stock, valued at approximately $11,840,014.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Brandon F. Lombardi sold 8,557 shares of the firm’s stock in a transaction that occurred on Friday, January 12th. The stock was sold at an average price of $25.74, for a total transaction of $220,257.18. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,015,934 shares of company stock valued at $24,918,352. 2.60% of the stock is owned by company insiders.

Institutional investors and hedge funds have recently modified their holdings of the company. Northern Trust Corp grew its stake in shares of Sprouts Farmers Market by 1.2% during the 2nd quarter. Northern Trust Corp now owns 1,127,869 shares of the company’s stock worth $25,568,000 after acquiring an additional 13,641 shares in the last quarter. Royal Bank of Canada grew its stake in shares of Sprouts Farmers Market by 67.3% during the 2nd quarter. Royal Bank of Canada now owns 136,168 shares of the company’s stock worth $3,086,000 after acquiring an additional 54,787 shares in the last quarter. Allianz Asset Management GmbH bought a new position in shares of Sprouts Farmers Market during the 3rd quarter worth approximately $1,991,000. Verition Fund Management LLC bought a new position in shares of Sprouts Farmers Market during the 2nd quarter worth approximately $351,000. Finally, Cornerstone Capital Management Holdings LLC. bought a new position in shares of Sprouts Farmers Market during the 3rd quarter worth approximately $2,485,000. 90.13% of the stock is owned by institutional investors.

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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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