Sprouts Farmers Market (NASDAQ:SFM) Posts Quarterly Earnings Results, Beats Estimates By $0.12 EPS

Sprouts Farmers Market (NASDAQ:SFM) issued its earnings results on Wednesday. The company reported $1.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.00 by $0.12, Briefing.com reports. The firm had revenue of $1.88 billion for the quarter, compared to the consensus estimate of $1.85 billion. Sprouts Farmers Market had a net margin of 3.79% and a return on equity of 26.71%. The business’s revenue was up 8.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.98 earnings per share.

Sprouts Farmers Market Price Performance

Shares of Sprouts Farmers Market stock traded up $8.21 during trading hours on Thursday, reaching $72.50. The company’s stock had a trading volume of 2,666,499 shares, compared to its average volume of 1,338,835. The firm has a 50 day moving average price of $63.29 and a 200-day moving average price of $52.52. Sprouts Farmers Market has a one year low of $32.12 and a one year high of $74.03. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.10 and a quick ratio of 0.51. The stock has a market cap of $7.34 billion, a P/E ratio of 28.66, a P/E/G ratio of 2.40 and a beta of 0.50.

Insider Transactions at Sprouts Farmers Market

In other news, COO Nicholas Konat sold 31,846 shares of the business’s stock in a transaction dated Friday, March 22nd. The shares were sold at an average price of $62.13, for a total value of $1,978,591.98. Following the sale, the chief operating officer now directly owns 82,495 shares in the company, valued at approximately $5,125,414.35. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other Sprouts Farmers Market news, COO Nicholas Konat sold 31,846 shares of the business’s stock in a transaction dated Friday, March 22nd. The shares were sold at an average price of $62.13, for a total value of $1,978,591.98. Following the completion of the sale, the chief operating officer now directly owns 82,495 shares of the company’s stock, valued at approximately $5,125,414.35. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Jack Sinclair sold 31,710 shares of the business’s stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $63.03, for a total transaction of $1,998,681.30. Following the completion of the sale, the chief executive officer now directly owns 274,981 shares of the company’s stock, valued at $17,332,052.43. The disclosure for this sale can be found here. Insiders have sold a total of 160,852 shares of company stock worth $10,032,745 in the last three months. Insiders own 1.10% of the company’s stock.

Wall Street Analysts Forecast Growth

SFM has been the topic of a number of research analyst reports. BMO Capital Markets increased their price objective on shares of Sprouts Farmers Market from $31.00 to $40.00 and gave the company an “underperform” rating in a research report on Thursday. Oppenheimer restated a “market perform” rating on shares of Sprouts Farmers Market in a research report on Monday. Evercore ISI lowered their price objective on shares of Sprouts Farmers Market from $62.00 to $61.00 and set an “in-line” rating on the stock in a research report on Tuesday, April 16th. The Goldman Sachs Group increased their price objective on shares of Sprouts Farmers Market from $56.00 to $71.00 and gave the company a “buy” rating in a research report on Tuesday, March 5th. Finally, Bank of America upgraded shares of Sprouts Farmers Market from an “underperform” rating to a “buy” rating and increased their price objective for the company from $30.00 to $70.00 in a research report on Tuesday, February 27th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $53.50.

Sprouts Farmers Market Company Profile

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.