FY2019 EPS Estimates for Sprouts Farmers Market Inc (SFM) Increased by Analyst

Sprouts Farmers Market Inc (NASDAQ:SFM) – Equities researchers at Oppenheimer upped their FY2019 earnings per share estimates for Sprouts Farmers Market in a note issued to investors on Tuesday. Oppenheimer analyst R. Parikh now expects that the company will post earnings per share of $1.20 for the year, up from their prior forecast of $1.16. Oppenheimer has a “Outperform” rating and a $31.00 price objective on the stock.

A number of other equities analysts also recently commented on the stock. Northcoast Research upgraded shares of Sprouts Farmers Market from a “neutral” rating to a “buy” rating in a research note on Monday, November 20th. TheStreet upgraded shares of Sprouts Farmers Market from a “c” rating to a “b-” rating in a research note on Monday, December 4th. Wolfe Research upgraded shares of Sprouts Farmers Market to an “outperform” rating in a research note on Thursday, November 9th. Goldman Sachs Group restated a “sell” rating and issued a $18.00 target price on shares of Sprouts Farmers Market in a research note on Tuesday, November 14th. Finally, Zacks Investment Research downgraded shares of Sprouts Farmers Market from a “hold” rating to a “sell” rating in a research note on Wednesday, October 18th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $25.94.

Shares of Sprouts Farmers Market (SFM) traded up $0.11 during mid-day trading on Wednesday, reaching $26.82. 761,051 shares of the company’s stock were exchanged, compared to its average volume of 2,068,918. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.00 and a quick ratio of 0.23. The company has a market cap of $3,450.52, a P/E ratio of 27.45, a P/E/G ratio of 2.04 and a beta of 0.80. Sprouts Farmers Market has a twelve month low of $17.38 and a twelve month high of $28.29.

Institutional investors have recently added to or reduced their stakes in the company. Advisory Services Network LLC raised its position in Sprouts Farmers Market by 1,093.0% during the 2nd quarter. Advisory Services Network LLC now owns 5,309 shares of the company’s stock worth $120,000 after buying an additional 4,864 shares during the last quarter. Harvest Management LLC purchased a new position in Sprouts Farmers Market in the third quarter valued at approximately $188,000. Sadoff Investment Management LLC purchased a new position in Sprouts Farmers Market in the third quarter valued at approximately $223,000. Acadian Asset Management LLC purchased a new position in Sprouts Farmers Market in the fourth quarter valued at approximately $224,000. Finally, State of Alaska Department of Revenue purchased a new position in Sprouts Farmers Market in the fourth quarter valued at approximately $233,000. 89.98% of the stock is currently owned by institutional investors and hedge funds.

In other news, COO James Leroy Nielsen sold 110,000 shares of the business’s stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $23.17, for a total value of $2,548,700.00. Following the sale, the chief operating officer now directly owns 207,108 shares of the company’s stock, valued at approximately $4,798,692.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Shon A. Boney sold 96,945 shares of the business’s stock in a transaction that occurred on Wednesday, January 31st. The shares were sold at an average price of $28.10, for a total transaction of $2,724,154.50. Following the completion of the sale, the director now directly owns 76,812 shares in the company, valued at $2,158,417.20. The disclosure for this sale can be found here. Insiders have sold 1,634,260 shares of company stock worth $42,246,330 over the last ninety days. 2.60% of the stock is owned by 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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