Sprouts Farmers Market Inc (NASDAQ:SFM) – Stock analysts at Oppenheimer issued their Q1 2018 earnings per share estimates for shares of Sprouts Farmers Market in a research note issued on Thursday. Oppenheimer analyst R. Parikh forecasts that the company will earn $0.47 per share for the quarter. Oppenheimer has a “Outperform” rating and a $31.00 price target on the stock. Oppenheimer also issued estimates for Sprouts Farmers Market’s Q2 2018 earnings at $0.34 EPS, Q3 2018 earnings at $0.26 EPS, Q4 2018 earnings at $0.17 EPS and FY2019 earnings at $1.35 EPS.
Several other research firms have also recently commented on SFM. Gordon Haskett upgraded shares of Sprouts Farmers Market from an “accumulate” rating to a “buy” rating and set a $27.00 price target for the company in a report on Wednesday, January 31st. BidaskClub upgraded shares of Sprouts Farmers Market from a “buy” rating to a “strong-buy” rating in a report on Thursday, January 25th. BMO Capital Markets restated a “hold” rating and set a $32.00 price target on shares of Sprouts Farmers Market in a report on Wednesday, January 24th. Royal Bank of Canada restated a “buy” rating and set a $32.00 price target on shares of Sprouts Farmers Market in a report on Friday, February 2nd. Finally, Jefferies Group set a $26.00 price target on shares of Sprouts Farmers Market and gave the stock a “hold” rating in a report on Monday, February 12th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the stock. Sprouts Farmers Market currently has a consensus rating of “Buy” and an average price target of $27.11.
Shares of Sprouts Farmers Market stock opened at $24.51 on Monday. The company has a current ratio of 1.00, a quick ratio of 0.23 and a debt-to-equity ratio of 0.73. The company has a market cap of $3,263.46, a P/E ratio of 21.50, a P/E/G ratio of 1.49 and a beta of 0.84. Sprouts Farmers Market has a fifty-two week low of $17.55 and a fifty-two week high of $28.29.
Sprouts Farmers Market (NASDAQ:SFM) last announced its earnings results on Thursday, February 22nd. The company reported $0.16 EPS for the quarter, topping the consensus estimate of $0.15 by $0.01. Sprouts Farmers Market had a net margin of 3.40% and a return on equity of 21.81%. The company had revenue of $1.14 billion during the quarter, compared to analysts’ expectations of $1.14 billion. During the same period last year, the company posted $0.13 earnings per share. The business’s revenue for the quarter was up 16.0% on a year-over-year basis.
Large investors have recently added to or reduced their stakes in the company. Macquarie Group Ltd. bought a new position in shares of Sprouts Farmers Market in the fourth quarter valued at approximately $168,000. Cambridge Investment Research Advisors Inc. bought a new position in shares of Sprouts Farmers Market in the fourth quarter valued at approximately $216,000. Sadoff Investment Management LLC bought a new position in shares of Sprouts Farmers Market in the third quarter valued at approximately $223,000. Acadian Asset Management LLC bought a new position in shares of Sprouts Farmers Market in the fourth quarter valued at approximately $224,000. Finally, State of Alaska Department of Revenue bought a new position in shares of Sprouts Farmers Market in the fourth quarter valued at approximately $233,000. 92.31% of the stock is currently owned by institutional investors.
In related news, CEO Amin N. Maredia sold 12,301 shares of the firm’s stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $24.33, for a total transaction of $299,283.33. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Amin N. Maredia sold 142,454 shares of the firm’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $25.43, for a total transaction of $3,622,605.22. Following the transaction, the chief executive officer now directly owns 388,311 shares in the company, valued at approximately $9,874,748.73. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,687,729 shares of company stock worth $43,925,046. Insiders own 2.60% of the company’s stock.
Sprouts Farmers Market declared that its board has approved a share buyback plan on Thursday, February 22nd that permits the company to repurchase $350.00 million in outstanding shares. This repurchase authorization permits the company to reacquire shares of its stock through open market purchases. Shares repurchase plans are typically an indication that the company’s leadership believes its stock is undervalued.
Sprouts Farmers Market Company Profile
Sprouts Farmers Market, Inc is a food retailer. The Company operates as a grocery store that offers fresh, natural and organic food that includes fresh produce, bulk foods, vitamins and supplements, packaged groceries, meat and seafood, deli, baked goods, dairy products, frozen foods, body care and natural household items catering to consumers’ interest in health and wellness.
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