Sprouts Farmers Market (NASDAQ:SFM) issued its earnings results on Thursday. The company reported $0.27 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.14 by $0.13, Briefing.com reports. Sprouts Farmers Market had a return on equity of 27.31% and a net margin of 2.66%. The firm had revenue of $1.36 billion for the quarter, compared to analysts’ expectations of $1.36 billion. During the same quarter last year, the business earned $0.19 earnings per share. The company’s revenue was up 7.5% compared to the same quarter last year.
NASDAQ:SFM opened at $17.99 on Friday. Sprouts Farmers Market has a fifty-two week low of $14.51 and a fifty-two week high of $24.06. The company has a debt-to-equity ratio of 2.92, a current ratio of 0.87 and a quick ratio of 0.27. The stock has a market capitalization of $1.90 billion, a PE ratio of 12.84, a price-to-earnings-growth ratio of 2.23 and a beta of 0.44. The business’s 50-day simple moving average is $16.61 and its 200-day simple moving average is $18.42.
A number of equities analysts have issued reports on SFM shares. Gordon Haskett upgraded Sprouts Farmers Market from a “reduce” rating to a “hold” rating in a report on Tuesday, February 11th. Sanford C. Bernstein upgraded Sprouts Farmers Market from a “market perform” rating to an “outperform” rating and set a $22.00 target price on the stock in a report on Friday. Barclays restated a “hold” rating and set a $19.00 target price on shares of Sprouts Farmers Market in a report on Friday, November 1st. Wells Fargo & Co cut Sprouts Farmers Market from an “equal weight” rating to an “underweight” rating and reduced their target price for the stock from $18.00 to $16.00 in a report on Friday, January 17th. Finally, Deutsche Bank raised their target price on Sprouts Farmers Market from $25.00 to $26.00 and gave the stock a “buy” rating in a report on Friday. Five equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the company’s stock. Sprouts Farmers Market has an average rating of “Hold” and a consensus price target of $19.99.
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, bulk foods, vitamins and supplements, packaged groceries, meat and seafood, baked goods, dairy products, frozen foods, beer and wine, natural body care and household items.
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