Sprouts Farmers Market (NASDAQ:SFM – Get Free Report) issued its earnings results on Monday. The company reported $0.94 earnings per share for the quarter, topping the consensus estimate of $0.78 by $0.16, Briefing.com reports. The business had revenue of $1.90 billion during the quarter, compared to analysts’ expectations of $1.84 billion. Sprouts Farmers Market had a return on equity of 26.77% and a net margin of 4.25%. The business’s revenue for the quarter was up 12.3% compared to the same quarter last year. During the same period in the prior year, the business earned $0.71 EPS.
Sprouts Farmers Market Stock Up 22.2 %
Shares of SFM stock opened at $103.49 on Tuesday. The stock’s 50-day simple moving average is $80.67 and its 200-day simple moving average is $68.09. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.65 and a current ratio of 1.19. The firm has a market capitalization of $10.40 billion, a PE ratio of 29.19, a P/E/G ratio of 3.31 and a beta of 0.55. Sprouts Farmers Market has a fifty-two week low of $36.21 and a fifty-two week high of $103.80.
Insider Transactions at Sprouts Farmers Market
In other news, COO Nicholas Konat sold 31,000 shares of the company’s stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $74.14, for a total value of $2,298,340.00. Following the sale, the chief operating officer now owns 51,495 shares in the company, valued at $3,817,839.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, COO Nicholas Konat sold 31,000 shares of the company’s stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $74.14, for a total value of $2,298,340.00. Following the sale, the chief operating officer now owns 51,495 shares in the company, valued at $3,817,839.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Jack Sinclair sold 5,714 shares of the company’s stock in a transaction dated Tuesday, July 2nd. The stock was sold at an average price of $83.38, for a total value of $476,433.32. Following the completion of the sale, the chief executive officer now owns 245,288 shares in the company, valued at approximately $20,452,113.44. The disclosure for this sale can be found here. Insiders have sold 66,147 shares of company stock worth $4,999,299 over the last quarter. 1.10% of the stock is currently owned by insiders.
Wall Street Analysts Forecast Growth
Get Our Latest Stock Analysis on SFM
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.
Read More
- Five stocks we like better than Sprouts Farmers Market
- What is a Stock Market Index and How Do You Use Them?
- Has Micron’s Stock Drop Turned Into A Screaming Buy?
- Profitably Trade Stocks at 52-Week Highs
- Should You Invest in Bonds? Here’s What to Know
- Why Invest in 5G? How to Invest in 5G Stocks
- Why This Manufacturer is Committing to a Massive Buyback Program
Receive News & Ratings for Sprouts Farmers Market Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sprouts Farmers Market and related companies with MarketBeat.com's FREE daily email newsletter.