Jefferies Group Analysts Boost Earnings Estimates for Sprouts Farmers Market Inc (SFM)

Sprouts Farmers Market Inc (NASDAQ:SFM) – Investment analysts at Jefferies Group increased their FY2017 EPS estimates for shares of Sprouts Farmers Market in a report issued on Monday. Jefferies Group analyst C. Mandeville now anticipates that the company will earn $1.00 per share for the year, up from their previous forecast of $0.99. Jefferies Group currently has a “Hold” rating and a $26.00 target price on the stock. Jefferies Group also issued estimates for Sprouts Farmers Market’s Q4 2017 earnings at $0.14 EPS, Q1 2018 earnings at $0.42 EPS, Q2 2018 earnings at $0.38 EPS, Q3 2018 earnings at $0.29 EPS and Q4 2018 earnings at $0.19 EPS.

Other equities research analysts have also recently issued reports about the stock. Susquehanna Bancshares initiated coverage on shares of Sprouts Farmers Market in a research note on Monday, October 16th. They set a “positive” rating and a $23.00 price objective on the stock. Zacks Investment Research cut shares of Sprouts Farmers Market from a “hold” rating to a “sell” rating in a research note on Wednesday, October 18th. UBS Group set a $25.00 price objective on shares of Sprouts Farmers Market and gave the company a “buy” rating in a research note on Monday, October 30th. Royal Bank of Canada set a $28.00 price objective on shares of Sprouts Farmers Market and gave the company a “buy” rating in a research note on Monday, October 30th. Finally, Loop Capital cut their price objective on shares of Sprouts Farmers Market from $25.00 to $24.00 and set a “hold” rating on the stock in a research note on Friday, November 3rd. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $26.33.

Sprouts Farmers Market (NASDAQ:SFM) opened at $26.20 on Tuesday. Sprouts Farmers Market has a 1-year low of $17.38 and a 1-year high of $28.29. The stock has a market cap of $3,506.41, a price-to-earnings ratio of 27.17, a PEG ratio of 1.90 and a beta of 0.80. The company has a current ratio of 1.00, a quick ratio of 0.23 and a debt-to-equity ratio of 0.77.

In related news, COO James Leroy Nielsen sold 110,000 shares of Sprouts Farmers Market stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $23.17, for a total value of $2,548,700.00. Following the transaction, the chief operating officer now owns 207,108 shares of the company’s stock, valued at approximately $4,798,692.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Amin N. Maredia sold 12,301 shares of Sprouts Farmers Market stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $24.33, for a total value of $299,283.33. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,651,481 shares of company stock worth $42,706,303. 2.60% of the stock is owned by company insiders.

Institutional investors and hedge funds have recently modified their holdings of the stock. Northern Trust Corp increased its stake in Sprouts Farmers Market by 1.2% in the 2nd quarter. Northern Trust Corp now owns 1,127,869 shares of the company’s stock worth $25,568,000 after purchasing an additional 13,641 shares in the last quarter. Royal Bank of Canada increased its stake in Sprouts Farmers Market by 67.3% in the 2nd quarter. Royal Bank of Canada now owns 136,168 shares of the company’s stock worth $3,086,000 after purchasing an additional 54,787 shares in the last quarter. Allianz Asset Management GmbH purchased a new position in Sprouts Farmers Market in the 3rd quarter worth about $1,991,000. Verition Fund Management LLC purchased a new position in Sprouts Farmers Market in the 2nd quarter worth about $351,000. Finally, Cornerstone Capital Management Holdings LLC. purchased a new position in Sprouts Farmers Market in the 3rd quarter worth about $2,485,000. 90.21% of the stock is currently owned by hedge funds and other 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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