Brokerages Expect Sprouts Farmers Market (SFM) to Post $0.48 Earnings Per Share

Brokerages expect Sprouts Farmers Market (NASDAQ:SFM) to report earnings of $0.48 per share for the current fiscal quarter, according to Zacks. Five analysts have provided estimates for Sprouts Farmers Market’s earnings. The lowest EPS estimate is $0.42 and the highest is $0.50. Sprouts Farmers Market posted earnings of $0.33 per share in the same quarter last year, which would indicate a positive year over year growth rate of 45.5%. The firm is expected to issue its next quarterly earnings results before the market opens on Thursday, May 3rd.

On average, analysts expect that Sprouts Farmers Market will report full year earnings of $1.27 per share for the current fiscal year, with EPS estimates ranging from $1.25 to $1.30. For the next year, analysts expect that the company will report earnings of $1.43 per share, with EPS estimates ranging from $1.35 to $1.47. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side analysts that cover Sprouts Farmers Market.

Sprouts Farmers Market (NASDAQ:SFM) last issued its quarterly earnings data on Thursday, February 22nd. The company reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.01. Sprouts Farmers Market had a net margin of 3.40% and a return on equity of 21.81%. The company had revenue of $1.14 billion for the quarter, compared to analysts’ expectations of $1.14 billion. During the same quarter in the previous year, the firm posted $0.13 earnings per share. Sprouts Farmers Market’s revenue for the quarter was up 16.0% on a year-over-year basis.

Several analysts recently weighed in on the stock. Susquehanna Bancshares set a $30.00 price objective on shares of Sprouts Farmers Market and gave the stock a “buy” rating in a research note on Thursday, January 11th. Deutsche Bank boosted their price objective on shares of Sprouts Farmers Market from $24.00 to $27.00 and gave the stock a “hold” rating in a research note on Friday, February 23rd. BMO Capital Markets reissued a “hold” rating and issued a $32.00 price objective on shares of Sprouts Farmers Market in a research note on Wednesday, January 24th. Stephens set a $27.00 price objective on shares of Sprouts Farmers Market and gave the stock a “hold” rating in a research note on Wednesday, January 17th. Finally, Northcoast Research set a $32.00 price objective on shares of Sprouts Farmers Market and gave the stock a “buy” rating in a research note on Tuesday, February 27th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company’s stock. Sprouts Farmers Market presently has a consensus rating of “Buy” and a consensus price target of $27.11.

In other news, CEO Amin N. Maredia sold 142,454 shares of the company’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $25.43, for a total transaction of $3,622,605.22. Following the transaction, the chief executive officer now owns 388,311 shares in the company, valued at $9,874,748.73. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Shon A. Boney sold 96,945 shares of the company’s stock in a transaction dated Wednesday, January 31st. The shares were sold at an average price of $28.10, for a total transaction of $2,724,154.50. Following the transaction, the director now owns 76,812 shares in the company, valued at approximately $2,158,417.20. The disclosure for this sale can be found here. Insiders have sold 858,021 shares of company stock worth $23,347,835 in the last ninety days. Insiders own 1.80% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. AGF Investments Inc. raised its holdings in shares of Sprouts Farmers Market by 6.0% during the fourth quarter. AGF Investments Inc. now owns 33,824 shares of the company’s stock valued at $824,000 after purchasing an additional 1,913 shares during the period. LS Investment Advisors LLC raised its holdings in shares of Sprouts Farmers Market by 28.5% during the fourth quarter. LS Investment Advisors LLC now owns 12,562 shares of the company’s stock valued at $306,000 after purchasing an additional 2,785 shares during the period. AE Wealth Management LLC raised its holdings in shares of Sprouts Farmers Market by 6.7% during the fourth quarter. AE Wealth Management LLC now owns 51,660 shares of the company’s stock valued at $1,258,000 after purchasing an additional 3,238 shares during the period. Geode Capital Management LLC raised its holdings in shares of Sprouts Farmers Market by 0.3% during the fourth quarter. Geode Capital Management LLC now owns 1,113,252 shares of the company’s stock valued at $27,106,000 after purchasing an additional 3,336 shares during the period. Finally, Swiss National Bank raised its holdings in shares of Sprouts Farmers Market by 2.0% during the fourth quarter. Swiss National Bank now owns 220,250 shares of the company’s stock valued at $5,363,000 after purchasing an additional 4,300 shares during the period. Hedge funds and other institutional investors own 92.51% of the company’s stock.

Shares of Sprouts Farmers Market stock opened at $23.74 on Friday. The company has a current ratio of 1.00, a quick ratio of 0.23 and a debt-to-equity ratio of 0.73. Sprouts Farmers Market has a twelve month low of $17.55 and a twelve month high of $28.29. The firm has a market capitalization of $3,213.84, a P/E ratio of 23.50, a price-to-earnings-growth ratio of 1.47 and a beta of 0.89.

Sprouts Farmers Market announced that its Board of Directors has approved a share buyback plan on Thursday, February 22nd that permits the company to buyback $350.00 million in outstanding shares. This buyback authorization permits the company to buy shares of its stock through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its stock is undervalued.

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About Sprouts Farmers Market

Sprouts Farmers Market, Inc is a food retailer. The Company operates as a grocery store that offers fresh, natural and organic food that includes fresh produce, bulk foods, vitamins and supplements, packaged groceries, meat and seafood, deli, baked goods, dairy products, frozen foods, body care and natural household items catering to consumers’ interest in health and wellness.

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Earnings History and Estimates for Sprouts Farmers Market (NASDAQ:SFM)

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