Sprouts Farmers Market (NASDAQ:SFM) Releases Earnings Results, Beats Estimates By $0.07 EPS

Sprouts Farmers Market (NASDAQ:SFM) issued its quarterly earnings results on Thursday. The company reported $0.79 earnings per share for the quarter, topping analysts’ consensus estimates of $0.72 by $0.07, Zacks reports. Sprouts Farmers Market had a return on equity of 28.24% and a net margin of 4.73%.

Sprouts Farmers Market Stock Performance

Shares of NASDAQ:SFM traded down $6.17 during trading on Thursday, reaching $169.80. The stock had a trading volume of 2,278,803 shares, compared to its average volume of 1,320,384. The stock has a fifty day simple moving average of $147.79 and a two-hundred day simple moving average of $128.99. The company has a quick ratio of 0.59, a current ratio of 1.13 and a debt-to-equity ratio of 0.01. Sprouts Farmers Market has a 52 week low of $52.24 and a 52 week high of $178.99. The firm has a market capitalization of $16.98 billion, a price-to-earnings ratio of 49.08, a P/E/G ratio of 2.08 and a beta of 0.63.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on SFM shares. Evercore ISI boosted their price target on shares of Sprouts Farmers Market from $155.00 to $160.00 and gave the company an “outperform” rating in a report on Tuesday, December 3rd. BMO Capital Markets boosted their target price on shares of Sprouts Farmers Market from $102.00 to $140.00 and gave the company a “market perform” rating in a research note on Thursday, October 31st. Bank of America raised their target price on Sprouts Farmers Market from $165.00 to $185.00 and gave the stock a “buy” rating in a research report on Tuesday, February 11th. UBS Group upped their price target on Sprouts Farmers Market from $132.00 to $195.00 and gave the company a “neutral” rating in a research report on Wednesday. Finally, Wells Fargo & Company increased their price objective on Sprouts Farmers Market from $130.00 to $140.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 30th. Eight analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $134.50.

Insider Buying and Selling

In related news, Director Douglas Gregory Rauch sold 700 shares of the business’s stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $148.89, for a total transaction of $104,223.00. Following the completion of the transaction, the director now owns 10,874 shares of the company’s stock, valued at approximately $1,619,029.86. The trade was a 6.05 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Jack Sinclair sold 30,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $149.24, for a total value of $4,477,200.00. Following the completion of the sale, the chief executive officer now directly owns 163,862 shares in the company, valued at $24,454,764.88. This trade represents a 15.47 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 42,614 shares of company stock valued at $6,323,731. Company insiders own 1.10% of the company’s stock.

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.