Q3 2018 EPS Estimates for Sprouts Farmers Market Inc Raised by Oppenheimer (SFM)

Sprouts Farmers Market Inc (NASDAQ:SFM) – Investment analysts at Oppenheimer raised their Q3 2018 earnings per share estimates for shares of Sprouts Farmers Market in a report issued on Friday, September 21st. Oppenheimer analyst R. Parikh now forecasts that the company will post earnings per share of $0.26 for the quarter, up from their previous estimate of $0.25. Oppenheimer has a “Outperform” rating and a $31.00 price objective on the stock. Oppenheimer also issued estimates for Sprouts Farmers Market’s Q4 2018 earnings at $0.17 EPS, FY2018 earnings at $1.25 EPS, FY2019 earnings at $1.35 EPS and FY2020 earnings at $1.52 EPS.

Sprouts Farmers Market (NASDAQ:SFM) last posted its quarterly earnings results on Thursday, August 2nd. The company reported $0.32 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.32. Sprouts Farmers Market had a return on equity of 25.56% and a net margin of 3.62%. The company had revenue of $1.32 billion for the quarter, compared to analysts’ expectations of $1.32 billion. During the same period last year, the firm earned $0.29 earnings per share. Sprouts Farmers Market’s quarterly revenue was up 11.6% on a year-over-year basis.

A number of other analysts have also recently commented on the company. BidaskClub upgraded Sprouts Farmers Market from a “hold” rating to a “buy” rating in a research report on Thursday, June 28th. ValuEngine cut Sprouts Farmers Market from a “hold” rating to a “sell” rating in a research report on Friday, June 29th. Barclays cut Sprouts Farmers Market from an “overweight” rating to an “equal weight” rating and set a $30.00 target price on the stock. in a research report on Monday, September 17th. BMO Capital Markets reiterated a “hold” rating and set a $25.00 target price (up previously from $23.00) on shares of Sprouts Farmers Market in a research report on Friday, August 3rd. Finally, Loop Capital set a $24.00 target price on Sprouts Farmers Market and gave the stock a “hold” rating in a research report on Tuesday, July 17th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and nine have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $26.89.

Sprouts Farmers Market stock opened at $27.57 on Monday. Sprouts Farmers Market has a 1-year low of $17.55 and a 1-year high of $29.67. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.25 and a current ratio of 1.04. The firm has a market capitalization of $3.50 billion, a price-to-earnings ratio of 27.54, a price-to-earnings-growth ratio of 1.75 and a beta of 0.90.

In related news, COO James Leroy Nielsen sold 1,165 shares of the business’s stock in a transaction dated Monday, July 2nd. The stock was sold at an average price of $22.03, for a total value of $25,664.95. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Amin N. Maredia sold 12,303 shares of the business’s stock in a transaction dated Monday, July 2nd. The shares were sold at an average price of $22.03, for a total value of $271,035.09. The disclosure for this sale can be found here. Insiders sold a total of 130,397 shares of company stock worth $3,434,667 in the last 90 days. 1.80% of the stock is currently owned by insiders.

A number of hedge funds have recently modified their holdings of the stock. Brinker Capital Inc. increased its position in Sprouts Farmers Market by 12.2% in the 1st quarter. Brinker Capital Inc. now owns 21,178 shares of the company’s stock valued at $497,000 after acquiring an additional 2,304 shares during the period. Amalgamated Bank increased its position in Sprouts Farmers Market by 8.8% in the 2nd quarter. Amalgamated Bank now owns 31,640 shares of the company’s stock valued at $698,000 after acquiring an additional 2,567 shares during the period. Profund Advisors LLC boosted its holdings in Sprouts Farmers Market by 18.4% in the 1st quarter. Profund Advisors LLC now owns 18,274 shares of the company’s stock valued at $429,000 after purchasing an additional 2,841 shares in the last quarter. OppenheimerFunds Inc. boosted its holdings in Sprouts Farmers Market by 5.3% in the 1st quarter. OppenheimerFunds Inc. now owns 56,566 shares of the company’s stock valued at $1,328,000 after purchasing an additional 2,841 shares in the last quarter. Finally, Mutual of America Capital Management LLC boosted its holdings in Sprouts Farmers Market by 2.8% in the 2nd quarter. Mutual of America Capital Management LLC now owns 105,201 shares of the company’s stock valued at $2,322,000 after purchasing an additional 2,847 shares in the last quarter. Hedge funds and other institutional investors own 95.32% of the company’s stock.

About Sprouts Farmers Market

Sprouts Farmers Market, Inc, a healthy grocery store, provides fresh, natural, and organic food products in the United States. Its stores offer fresh produce, meat and seafood, deli and baked goods, packaged groceries, vitamins and supplements, bulk foods, dairy and dairy alternatives, frozen foods, beer and wine, and natural body care and household items.

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

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