Sprouts Farmers Market (NASDAQ:SFM) Releases Q4 2024 Earnings Guidance

Sprouts Farmers Market (NASDAQ:SFM) issued an update on its fourth quarter 2024 earnings guidance on Wednesday morning. The company provided earnings per share guidance of 0.670-0.710 for the period, compared to the consensus earnings per share estimate of 0.580. The company issued revenue guidance of -. Sprouts Farmers Market also updated its FY 2024 guidance to 3.640-3.680 EPS.

Sprouts Farmers Market Trading Up 8.1 %

Shares of NASDAQ:SFM opened at $128.43 on Friday. Sprouts Farmers Market has a 12-month low of $39.76 and a 12-month high of $135.10. The business’s fifty day simple moving average is $108.91 and its 200-day simple moving average is $90.61. The company has a market capitalization of $12.86 billion, a PE ratio of 37.12, a P/E/G ratio of 2.73 and a beta of 0.56. The company has a current ratio of 1.03, a quick ratio of 0.44 and a debt-to-equity ratio of 0.01.

Sprouts Farmers Market (NASDAQ:SFM) last announced its quarterly earnings results on Wednesday, October 30th. The company reported $0.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.77 by $0.14. Sprouts Farmers Market had a return on equity of 29.02% and a net margin of 4.73%. The business had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $1.88 billion. During the same period last year, the business posted $0.65 EPS. The business’s revenue was up 13.6% compared to the same quarter last year. As a group, equities research analysts predict that Sprouts Farmers Market will post 3.4 earnings per share for the current fiscal year.

Analyst Ratings Changes

SFM has been the topic of a number of analyst reports. BMO Capital Markets lifted their price target on Sprouts Farmers Market from $102.00 to $140.00 and gave the company a “market perform” rating in a report on Thursday. Bank of America raised their price objective 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. Wells Fargo & Company raised their price objective on Sprouts Farmers Market from $90.00 to $130.00 and gave the stock an “equal weight” rating in a research report on Thursday. Evercore ISI raised their price objective on Sprouts Farmers Market from $125.00 to $130.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 22nd. Finally, The Goldman Sachs Group raised their price objective on Sprouts Farmers Market from $111.00 to $127.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. Nine investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, Sprouts Farmers Market currently has a consensus rating of “Hold” and a consensus price target of $112.20.

Insider Activity

In other news, CEO Jack Sinclair sold 5,714 shares of the business’s stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $95.52, for a total value of $545,801.28. Following the completion of the transaction, the chief executive officer now owns 233,860 shares of the company’s stock, valued at $22,338,307.20. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other news, insider Dustin Hamilton sold 500 shares of the business’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $97.52, for a total value of $48,760.00. Following the completion of the transaction, the insider now owns 27,188 shares of the company’s stock, valued at $2,651,373.76. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Jack Sinclair sold 5,714 shares of Sprouts Farmers Market stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $95.52, for a total value of $545,801.28. Following the completion of the transaction, the chief executive officer now owns 233,860 shares of the company’s stock, valued at approximately $22,338,307.20. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 57,543 shares of company stock valued at $5,751,870 in the last quarter. 1.10% of the stock is currently owned by company insiders.

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.