Sprouts Farmers Market (NASDAQ:SFM) Issues Earnings Results, Beats Expectations By $0.14 EPS

Sprouts Farmers Market (NASDAQ:SFMGet Free Report) posted its quarterly earnings data on Wednesday. The company reported $0.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.77 by $0.14, Briefing.com reports. Sprouts Farmers Market had a net margin of 4.52% and a return on equity of 27.53%. The business had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $1.88 billion. During the same quarter last year, the company posted $0.65 earnings per share. The firm’s quarterly revenue was up 13.6% compared to the same quarter last year.

Sprouts Farmers Market Price Performance

Sprouts Farmers Market stock traded up $10.18 during mid-day trading on Thursday, hitting $129.02. 2,600,609 shares of the company traded hands, compared to its average volume of 1,319,109. The stock has a market cap of $12.92 billion, a price-to-earnings ratio of 40.63, a price-to-earnings-growth ratio of 2.75 and a beta of 0.56. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.44 and a current ratio of 1.03. Sprouts Farmers Market has a one year low of $39.76 and a one year high of $135.10. The stock has a fifty day moving average price of $108.91 and a 200-day moving average price of $90.61.

Insider Transactions at Sprouts Farmers Market

In other news, insider Dustin Hamilton sold 500 shares of the business’s stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $97.52, for a total value of $48,760.00. Following the completion of the sale, the insider now directly owns 27,188 shares in the company, valued at approximately $2,651,373.76. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Sprouts Farmers Market news, Director Joel D. Anderson sold 20,851 shares of the business’s stock in a transaction on Friday, August 9th. The shares were sold at an average price of $96.16, for a total transaction of $2,005,032.16. Following the transaction, the director now directly owns 18,809 shares of the company’s stock, valued at approximately $1,808,673.44. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Dustin Hamilton sold 500 shares of the business’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $97.52, for a total transaction of $48,760.00. Following the sale, the insider now owns 27,188 shares in the company, valued at approximately $2,651,373.76. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 65,438 shares of company stock worth $6,528,580. 1.10% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the stock. Wells Fargo & Company upgraded shares of Sprouts Farmers Market from an “underweight” rating to an “equal weight” rating and raised their price objective for the stock from $62.00 to $90.00 in a report on Tuesday, July 30th. BMO Capital Markets lifted their target price on shares of Sprouts Farmers Market from $102.00 to $140.00 and gave the stock a “market perform” rating in a research note on Thursday. Bank of America lifted their target price on shares of Sprouts Farmers Market from $115.00 to $135.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Evercore ISI lifted their target price on shares of Sprouts Farmers Market from $125.00 to $130.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 22nd. Finally, Melius Research started coverage on shares of Sprouts Farmers Market in a research note on Monday, September 23rd. They issued a “hold” rating and a $105.00 target price for the company. Nine equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Sprouts Farmers Market has an average rating of “Hold” and an average price target of $108.20.

View Our Latest Stock Analysis on Sprouts Farmers Market

About Sprouts Farmers Market

(Get Free Report)

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.

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Earnings History for Sprouts Farmers Market (NASDAQ:SFM)

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