What is Zacks Research’s Forecast for SFM FY2024 Earnings?

Sprouts Farmers Market, Inc. (NASDAQ:SFM) – Equities researchers at Zacks Research raised their FY2024 earnings per share estimates for Sprouts Farmers Market in a research note issued on Wednesday, November 13th. Zacks Research analyst S. Singh now forecasts that the company will post earnings per share of $3.67 for the year, up from their previous estimate of $3.35. The consensus estimate for Sprouts Farmers Market’s current full-year earnings is $3.68 per share. Zacks Research also issued estimates for Sprouts Farmers Market’s Q4 2024 earnings at $0.70 EPS, Q1 2025 earnings at $1.28 EPS, Q2 2025 earnings at $1.10 EPS, Q1 2026 earnings at $1.40 EPS and Q2 2026 earnings at $1.20 EPS.

Several other analysts have also commented on the stock. Wells Fargo & Company lifted their price target on shares of Sprouts Farmers Market from $90.00 to $130.00 and gave the company an “equal weight” rating in a research report on Thursday, October 31st. Deutsche Bank Aktiengesellschaft upped their price target on Sprouts Farmers Market from $63.00 to $76.00 and gave the company a “hold” rating in a research note on Monday, July 29th. Melius Research began coverage on Sprouts Farmers Market in a research report on Monday, September 23rd. They set a “hold” rating and a $105.00 price objective for the company. StockNews.com cut shares of Sprouts Farmers Market from a “buy” rating to a “hold” rating in a research report on Tuesday, November 12th. Finally, The Goldman Sachs Group increased their target price on shares of Sprouts Farmers Market from $127.00 to $159.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Nine analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, Sprouts Farmers Market currently has an average rating of “Hold” and a consensus target price of $115.40.

Sprouts Farmers Market Stock Performance

NASDAQ:SFM opened at $143.44 on Monday. The company’s 50-day moving average is $119.96 and its two-hundred day moving average is $98.09. Sprouts Farmers Market has a 1-year low of $40.39 and a 1-year high of $148.56. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.13 and a quick ratio of 0.59. The firm has a market capitalization of $14.34 billion, a price-to-earnings ratio of 41.46, a PEG ratio of 2.15 and a beta of 0.54.

Sprouts Farmers Market (NASDAQ:SFM) last posted its quarterly earnings results on Wednesday, October 30th. The company reported $0.91 EPS for the quarter, topping the consensus estimate of $0.77 by $0.14. Sprouts Farmers Market had a return on equity of 28.24% and a net margin of 4.73%. The business had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.88 billion. During the same quarter in the previous year, the firm earned $0.65 EPS. The company’s quarterly revenue was up 13.6% compared to the same quarter last year.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. CIBC Asset Management Inc increased its position in Sprouts Farmers Market by 3.6% during the third quarter. CIBC Asset Management Inc now owns 2,917 shares of the company’s stock worth $322,000 after buying an additional 101 shares during the period. Caprock Group LLC grew its position in shares of Sprouts Farmers Market by 1.9% during the third quarter. Caprock Group LLC now owns 5,477 shares of the company’s stock worth $605,000 after acquiring an additional 102 shares during the last quarter. UMB Bank n.a. increased its holdings in shares of Sprouts Farmers Market by 26.3% in the 3rd quarter. UMB Bank n.a. now owns 605 shares of the company’s stock valued at $67,000 after acquiring an additional 126 shares during the period. Mercer Global Advisors Inc. ADV raised its position in Sprouts Farmers Market by 0.8% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 18,717 shares of the company’s stock valued at $1,566,000 after purchasing an additional 148 shares during the last quarter. Finally, Sequoia Financial Advisors LLC boosted its stake in Sprouts Farmers Market by 4.5% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 3,645 shares of the company’s stock worth $402,000 after purchasing an additional 158 shares during the period.

Insider Buying and Selling at Sprouts Farmers Market

In other Sprouts Farmers Market news, Director Kristen E. Blum sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $100.00, for a total transaction of $200,000.00. Following the completion of the transaction, the director now owns 51,627 shares in the company, valued at $5,162,700. The trade was a 3.73 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Dustin Hamilton sold 1,997 shares of the business’s stock in a transaction on Monday, September 9th. The stock was sold at an average price of $99.20, for a total transaction of $198,102.40. Following the transaction, the insider now owns 26,172 shares of the company’s stock, valued at approximately $2,596,262.40. The trade was a 7.09 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 50,148 shares of company stock valued at $5,853,826 in the last 90 days. Company insiders own 1.10% of the company’s stock.

About Sprouts Farmers Market

Sprouts Farmers Market, Inc, together with its subsidiaries, engages in the retailing of fresh, natural, and organic food products under the Sprouts brand in the United States. It offers perishable product categories, including fresh produce, meat and meat alternatives, seafood, deli, bakery, floral, and dairy and dairy alternatives; and non-perishable product categories, such as grocery, vitamins and supplements, bulk items, frozen foods, beer and wine, and natural health and body care.