Sprouts Farmers Market (NASDAQ:SFM) Announces Quarterly Earnings Results

Sprouts Farmers Market (NASDAQ:SFM) announced its quarterly earnings results on Wednesday. The company reported $0.91 EPS for the quarter, beating the consensus estimate of $0.77 by $0.14, Briefing.com reports. Sprouts Farmers Market had a net margin of 4.73% and a return on equity of 29.02%. The firm had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $1.88 billion. During the same period last year, the firm earned $0.65 EPS. The business’s quarterly revenue was up 13.6% compared to the same quarter last year.

Sprouts Farmers Market Price Performance

Shares of NASDAQ:SFM opened at $128.43 on Friday. The stock has a market cap of $12.86 billion, a PE ratio of 37.12, a PEG ratio of 2.73 and a beta of 0.56. The company’s fifty day moving average is $108.91 and its 200 day moving average is $90.61. Sprouts Farmers Market has a 52 week low of $39.76 and a 52 week high of $135.10. The company has a quick ratio of 0.44, a current ratio of 1.03 and a debt-to-equity ratio of 0.01.

Insider Buying and Selling

In related news, CEO Jack Sinclair sold 5,714 shares of Sprouts Farmers Market stock in a transaction on Monday, August 5th. The shares were sold at an average price of $95.52, for a total value of $545,801.28. Following the transaction, the chief executive officer now owns 233,860 shares in the company, valued at $22,338,307.20. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Sprouts Farmers Market news, insider Dustin Hamilton sold 921 shares of the firm’s stock in a transaction on Friday, October 11th. The shares were sold at an average price of $113.60, for a total value of $104,625.60. Following the sale, the insider now owns 25,251 shares of the company’s stock, valued at $2,868,513.60. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Jack Sinclair sold 5,714 shares of the firm’s stock in a transaction on Monday, August 5th. The stock was sold at an average price of $95.52, for a total transaction of $545,801.28. Following the completion of the sale, the chief executive officer now directly owns 233,860 shares in the company, valued at approximately $22,338,307.20. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 57,543 shares of company stock worth $5,751,870 in the last 90 days. 1.10% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research analysts have commented on the stock. Evercore ISI raised their price target on shares of Sprouts Farmers Market from $125.00 to $130.00 and gave the company an “outperform” rating in a report on Tuesday, October 22nd. Deutsche Bank Aktiengesellschaft raised their price target on shares of Sprouts Farmers Market from $63.00 to $76.00 and gave the company a “hold” rating in a report on Monday, July 29th. Royal Bank of Canada assumed coverage on shares of Sprouts Farmers Market in a report on Thursday, September 12th. They issued a “sector perform” rating and a $107.00 price target for the company. The Goldman Sachs Group raised their price target on shares of Sprouts Farmers Market from $111.00 to $127.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. Finally, Bank of America raised their price objective on shares of Sprouts Farmers Market from $115.00 to $135.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Nine investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $112.20.

About Sprouts Farmers Market

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.