Analysts expect Sprouts Farmers Market, Inc. (NASDAQ:SFM) to post quarterly sales of $1.58 billion


Brokers expect Sprouts Farmers Market, Inc. (NASDAQ:SFM – Get Rating) to report sales of $1.58 billion for the current fiscal quarter, according to Zacks. Four analysts provided earnings estimates for Sprouts Farmers Market. The lowest sales estimate is $1.57 billion and the highest is $1.59 billion. Sprouts Farmers Market reported sales of $1.52 billion in the same quarter last year, indicating a positive year-over-year growth rate of 3.9%. The company is expected to announce its next results on Monday, January 1.

According to Zacks, analysts expect Sprouts Farmers Market to record annual sales of $6.32 billion for the current fiscal year, with estimates ranging from $6.30 billion to $6.34 billion. For the next fiscal year, analysts expect the company to report sales of $6.72 billion, with estimates ranging from $6.60 billion to $6.81 billion. Zacks sales averages are an average based on a survey of sell-side analysts who provide coverage for Sprouts Farmers Market.

Sprouts Farmers Market (NASDAQ:SFM – Get Rating) last reported quarterly results on Wednesday, May 4. The company reported EPS of $0.79 for the quarter, beating analyst consensus estimates of $0.72 by $0.07. Sprouts Farmers Market posted a return on equity of 25.65% and a net margin of 4.05%. The company posted revenue of $1.64 billion in the quarter, compared to analysts’ estimates of $1.65 billion. In the same quarter last year, the company posted earnings per share of $0.70. The company’s revenue increased 4.2% year over year.

Several equity analysts have recently weighed in on SFM shares. Credit Suisse Group raised its price target on Sprouts Farmers Market from $25.00 to $30.00 and gave the company a “neutral” rating in a Monday, February 28 report. StockNews.com upgraded Sprouts Farmers Market from a “hold” rating to a “buy” rating in a Saturday, April 16 report. Bank of America downgraded Sprouts Farmers Market from a “buy” rating to an “underperform” rating and lowered its price target for the stock from $40.00 to $25.00 in a report on Thursday 5 may. Gordon Haskett raised his price target on Sprouts Farmers Market from $22.00 to $25.00 in a Monday, March 7 research note. Finally, JPMorgan Chase & Co. raised its price target on Sprouts Farmers Market from $26.00 to $31.00 in a Friday, February 25 research note. Three investment analysts have assigned the stock a sell rating, one has issued a hold rating and two have assigned the company’s stock a buy rating. Based on data from MarketBeat, Sprouts Farmers Market currently has a consensus rating of “Hold” and a consensus target price of $27.33.

Shares of SFM opened at $26.72 on Friday. The company has a quick ratio of 0.70, a current ratio of 1.22 and a debt ratio of 0.26. The company has a market capitalization of $2.93 billion, a price/earnings ratio of 12.20, a PEG ratio of 1.53 and a beta of 0.38. The stock has a fifty-day moving average of $29.45 and a 200-day moving average of $28.84. Sprouts Farmers Market has a 52-week low of $21.18 and a 52-week high of $35.34.

In other news, insider Dan J. Sanders sold 5,412 shares of the company in a trade that took place on Monday, March 7. The stock was sold at an average price of $32.68, for a total transaction of $176,864.16. The transaction was disclosed in a filing with the SEC, accessible via this link. Additionally, insider Gilliam Phipps sold 2,364 shares of the company in a trade on Friday, May 13. The shares were sold at an average price of $24.96, for a total value of $59,005.44. Following completion of the transaction, the insider now directly owns 28,272 shares of the company, valued at approximately $705,669.12. The disclosure of this sale can be found here. Insiders sold a total of 108,310 shares of the company worth $3,475,206 in the past ninety days. Insiders own 0.71% of the shares of the company.

A number of institutional investors have recently changed their positions in SFM. Guardian Wealth Management Inc. purchased a new stake in shares of Sprouts Farmers Market during Q4 for a value of $25,000. Sterling Investment Advisors Ltd. acquired a new position in Sprouts Farmers Market stock in the fourth quarter valued at approximately $27,000. UMB Bank NA MO acquired a new position in shares of Sprouts Farmers Market in the fourth quarter worth approximately $28,000. Quent Capital LLC acquired a new position in Sprouts Farmers Market stock in the fourth quarter worth approximately $29,000. Finally, the Canada Pension Plan Investment Board acquired a new position in shares of Sprouts Farmers Market in the first quarter worth approximately $35,000.

About Sprouts Farmers Market (Get a rating)

Sprouts Farmers Market, Inc offers fresh, natural and organic food products in the United States. The Company offers perishable product categories including fresh produce, meat, seafood, deli, bakery, floral and dairy, and dairy alternatives; and non-perishable product categories, such as groceries, vitamins and supplements, bulk goods, frozen foods, beer and wine, and natural health products and body care.

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James V. Payne