Sprouts Farmers Market (NASDAQ:SFM) Posts Quarterly Earnings Results, Beats Expectations By $0.14 EPS

Sprouts Farmers Market (NASDAQ:SFM) posted its quarterly earnings results on Wednesday. The company reported $0.91 EPS for the quarter, topping analysts’ consensus estimates of $0.77 by $0.14, Briefing.com reports. Sprouts Farmers Market had a return on equity of 27.53% and a net margin of 4.52%. The company had revenue of $1.95 billion for the quarter, compared to analysts’ expectations of $1.88 billion. During the same period in the previous year, the firm earned $0.65 EPS. The firm’s revenue was up 13.6% compared to the same quarter last year.

Sprouts Farmers Market Trading Up 8.7 %

NASDAQ SFM traded up $10.35 on Thursday, hitting $129.19. 2,698,411 shares of the stock were exchanged, compared to its average volume of 1,319,573. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.44 and a current ratio of 1.03. The stock has a fifty day moving average price of $108.91 and a two-hundred day moving average price of $90.61. The firm has a market capitalization of $12.94 billion, a P/E ratio of 40.63, a P/E/G ratio of 2.75 and a beta of 0.56. Sprouts Farmers Market has a 52-week low of $39.76 and a 52-week high of $135.10.

Insider Buying and Selling at Sprouts Farmers Market

In other Sprouts Farmers Market news, insider Dustin Hamilton sold 500 shares of the firm’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $97.52, for a total value of $48,760.00. Following the completion of the sale, the insider now owns 27,188 shares of the company’s stock, valued at $2,651,373.76. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other Sprouts Farmers Market news, insider Dustin Hamilton sold 500 shares of the stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $97.52, for a total value of $48,760.00. Following the sale, the insider now owns 27,188 shares in the company, valued at $2,651,373.76. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider John Scott Neal sold 6,535 shares of the company’s stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $102.29, for a total transaction of $668,465.15. Following the completion of the transaction, the insider now owns 14,293 shares in the company, valued at approximately $1,462,030.97. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 65,438 shares of company stock worth $6,528,580 over the last quarter. Insiders own 1.10% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. The Goldman Sachs Group boosted their target price on shares of Sprouts Farmers Market from $111.00 to $127.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. Royal Bank of Canada began coverage on shares of Sprouts Farmers Market in a report on Thursday, September 12th. They set a “sector perform” rating and a $107.00 price objective for the company. Deutsche Bank Aktiengesellschaft raised their price objective on Sprouts Farmers Market from $63.00 to $76.00 and gave the company a “hold” rating in a research report on Monday, July 29th. Bank of America boosted their target price on Sprouts Farmers Market from $115.00 to $135.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Finally, Melius Research assumed coverage on Sprouts Farmers Market in a report on Monday, September 23rd. They set a “hold” rating and a $105.00 price target for the company. Nine equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $108.20.

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.