Sprouts Farmers Market (SFM) Set to Announce Earnings on Wednesday

Sprouts Farmers Market (NASDAQ:SFM) is scheduled to post its quarterly earnings results before the market opens on Wednesday, February 21st. Analysts expect Sprouts Farmers Market to post earnings of $0.14 per share for the quarter.

Sprouts Farmers Market (NASDAQ:SFM) opened at $26.66 on Wednesday. Sprouts Farmers Market has a twelve month low of $17.38 and a twelve month high of $28.29. The stock has a market capitalization of $3,550.00, a P/E ratio of 27.48, a price-to-earnings-growth ratio of 1.90 and a beta of 0.80. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.00 and a quick ratio of 0.23.

In related news, Director Shon A. Boney sold 17,221 shares of the business’s stock in a transaction that occurred on Monday, February 5th. The stock was sold at an average price of $26.71, for a total transaction of $459,972.91. Following the completion of the sale, the director now directly owns 18,591 shares in the company, valued at $496,565.61. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Shon A. Boney sold 848,409 shares of the business’s stock in a transaction that occurred on Wednesday, January 3rd. The stock was sold at an average price of $24.72, for a total value of $20,972,670.48. Following the sale, the director now owns 478,965 shares of the company’s stock, valued at $11,840,014.80. The disclosure for this sale can be found here. Insiders sold 1,651,481 shares of company stock valued at $42,706,303 over the last 90 days. Company insiders own 2.60% of the company’s stock.

A number of research analysts have issued reports on the company. Susquehanna Bancshares set a $30.00 price target on Sprouts Farmers Market and gave the company a “buy” rating in a report on Thursday, January 11th. Oppenheimer boosted their price target on Sprouts Farmers Market from $28.00 to $31.00 and gave the company an “outperform” rating in a report on Tuesday, February 6th. Gordon Haskett raised Sprouts Farmers Market from an “accumulate” rating to a “buy” rating and set a $27.00 price target for the company in a report on Wednesday, January 31st. Royal Bank of Canada reissued a “buy” rating and issued a $32.00 price target on shares of Sprouts Farmers Market in a report on Friday, February 2nd. Finally, BMO Capital Markets reissued a “hold” rating and issued a $32.00 price target on shares of Sprouts Farmers Market in a report on Wednesday, January 24th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $26.33.

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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.

Earnings History for Sprouts Farmers Market (NASDAQ:SFM)

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