Sprouts Farmers Market Inc to Post FY2018 Earnings of $1.29 Per Share, Jefferies Group Forecasts (SFM)

Sprouts Farmers Market Inc (NASDAQ:SFM) – Equities researchers at Jefferies Group increased their FY2018 earnings per share (EPS) estimates for shares of Sprouts Farmers Market in a research note issued to investors on Monday. Jefferies Group analyst C. Mandeville now anticipates that the company will earn $1.29 per share for the year, up from their prior forecast of $1.07. 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 FY2019 earnings at $1.49 EPS, FY2020 earnings at $1.70 EPS, FY2021 earnings at $2.05 EPS and FY2022 earnings at $2.19 EPS.

Other equities analysts have also issued research reports about the stock. TheStreet raised shares of Sprouts Farmers Market from a “c” rating to a “b-” rating in a report on Monday, December 4th. Royal Bank of Canada set a $28.00 target price on shares of Sprouts Farmers Market and gave the company a “buy” rating in a report on Monday, October 30th. UBS Group set a $25.00 target price on shares of Sprouts Farmers Market and gave the company a “buy” rating in a report on Monday, October 30th. Zacks Investment Research raised shares of Sprouts Farmers Market from a “hold” rating to a “buy” rating and set a $23.00 target price on the stock in a report on Saturday, November 4th. Finally, Northcoast Research raised shares of Sprouts Farmers Market from a “neutral” rating to a “buy” rating in a report on Monday, November 20th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $26.33.

Sprouts Farmers Market (NASDAQ SFM) traded up $0.46 during mid-day trading on Wednesday, hitting $26.66. 1,683,000 shares of the company traded hands, compared to its average volume of 1,989,350. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.23 and a current ratio of 1.00. Sprouts Farmers Market has a 52 week low of $17.38 and a 52 week high of $28.29. The company has a market cap of $3,486.45, a price-to-earnings ratio of 27.01, a P/E/G ratio of 1.88 and a beta of 0.80.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Advisory Services Network LLC lifted 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 valued at $120,000 after acquiring an additional 4,864 shares during the period. Harvest Management LLC purchased a new position in Sprouts Farmers Market during the 3rd quarter valued at about $188,000. Sadoff Investment Management LLC purchased a new position in Sprouts Farmers Market during the 3rd quarter valued at about $223,000. Acadian Asset Management LLC purchased a new position in Sprouts Farmers Market during the 4th quarter valued at about $224,000. Finally, State of Alaska Department of Revenue purchased a new position in Sprouts Farmers Market during the 4th quarter valued at about $233,000. 90.21% of the stock is owned by institutional investors.

In other news, Director Shon A. Boney sold 17,221 shares of the firm’s stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $26.71, for a total value of $459,972.91. Following the completion of the sale, the director now directly owns 18,591 shares of the company’s stock, valued at approximately $496,565.61. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, COO James Leroy Nielsen sold 110,000 shares of the firm’s stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $23.17, for a total transaction of $2,548,700.00. Following the completion of the sale, the chief operating officer now directly owns 207,108 shares of the company’s stock, valued at $4,798,692.36. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,651,481 shares of company stock valued at $42,706,303. Corporate insiders own 2.60% of the company’s stock.

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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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