Equities research analysts expect that Sprouts Farmers Market Inc (NASDAQ:SFM) will announce sales of $1.26 billion for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for Sprouts Farmers Market’s earnings, with the lowest sales estimate coming in at $1.26 billion and the highest estimate coming in at $1.27 billion. Sprouts Farmers Market posted sales of $1.14 billion during the same quarter last year, which suggests a positive year-over-year growth rate of 10.5%. The company is expected to announce its next quarterly earnings report before the market opens on Thursday, February 21st.
According to Zacks, analysts expect that Sprouts Farmers Market will report full year sales of $5.20 billion for the current financial year, with estimates ranging from $5.20 billion to $5.21 billion. For the next year, analysts anticipate that the business will post sales of $5.78 billion, with estimates ranging from $5.76 billion to $5.79 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side analysts that cover Sprouts Farmers Market.
Several analysts have recently commented on the company. BidaskClub downgraded Sprouts Farmers Market from a “buy” rating to a “hold” rating in a research note on Thursday, November 8th. Barclays restated a “hold” rating and issued a $25.00 target price on shares of Sprouts Farmers Market in a research note on Wednesday, January 9th. Credit Suisse Group set a $26.00 target price on Sprouts Farmers Market and gave the company a “hold” rating in a research note on Friday, November 2nd. Morgan Stanley set a $26.00 target price on Sprouts Farmers Market and gave the company a “hold” rating in a research note on Monday, October 22nd. Finally, Zacks Investment Research downgraded Sprouts Farmers Market from a “hold” rating to a “sell” rating in a research note on Friday, February 8th. Three investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and six have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $26.71.
Shares of SFM traded up $0.35 during trading hours on Friday, hitting $24.90. The stock had a trading volume of 2,639,530 shares, compared to its average volume of 1,424,958. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.15 and a quick ratio of 0.30. The company has a market cap of $3.14 billion, a PE ratio of 24.65, a P/E/G ratio of 1.49 and a beta of 0.56. Sprouts Farmers Market has a 1-year low of $20.63 and a 1-year high of $29.67.
In other news, insider David Mcglinchey bought 5,000 shares of the company’s stock in a transaction on Friday, November 30th. The shares were purchased at an average price of $23.10 per share, with a total value of $115,500.00. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Kristen E. Blum bought 2,000 shares of the company’s stock in a transaction on Monday, December 10th. The shares were purchased at an average cost of $24.00 per share, for a total transaction of $48,000.00. Following the transaction, the director now owns 14,981 shares in the company, valued at $359,544. The disclosure for this purchase can be found here. Insiders have acquired a total of 109,500 shares of company stock valued at $2,512,275 in the last quarter. Company insiders own 1.80% of the company’s stock.
Several institutional investors have recently bought and sold shares of the business. Quantamental Technologies LLC bought a new stake in shares of Sprouts Farmers Market in the 4th quarter worth approximately $37,000. Oregon Public Employees Retirement Fund raised its holdings in shares of Sprouts Farmers Market by 2,356.3% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 1,188,148 shares of the company’s stock worth $51,000 after purchasing an additional 1,139,777 shares during the period. Acadian Asset Management LLC raised its holdings in shares of Sprouts Farmers Market by 143.0% in the 4th quarter. Acadian Asset Management LLC now owns 2,211 shares of the company’s stock worth $52,000 after purchasing an additional 1,301 shares during the period. Advisors Asset Management Inc. bought a new stake in shares of Sprouts Farmers Market in the 4th quarter worth approximately $81,000. Finally, Ffcm LLC raised its holdings in shares of Sprouts Farmers Market by 255.8% in the 4th quarter. Ffcm LLC now owns 7,782 shares of the company’s stock worth $183,000 after purchasing an additional 5,595 shares during the period. 94.04% of the stock is currently owned by hedge funds and other institutional investors.
Sprouts Farmers Market Company Profile
Sprouts Farmers Market, Inc, a healthy grocery store, provides fresh, natural, and organic food products in the United States. Its stores offer fresh produce, meat and seafood, deli and baked goods, packaged groceries, vitamins and supplements, bulk foods, dairy and dairy alternatives, frozen foods, beer and wine, and natural body care and household items.
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