Sprouts Farmers Market, Inc. (SFM) to Post FY2017 Earnings of $0.98 Per Share, Northcoast Research Forecasts

Sprouts Farmers Market, Inc. (NASDAQ:SFM) – Northcoast Research boosted their FY2017 earnings per share estimates for Sprouts Farmers Market in a research note issued on Monday. Northcoast Research analyst C. Cerankosky now expects that the company will earn $0.98 per share for the year, up from their previous estimate of $0.92. Northcoast Research has a “Buy” rating on the stock. Northcoast Research also issued estimates for Sprouts Farmers Market’s Q4 2017 earnings at $0.13 EPS and FY2018 earnings at $1.15 EPS.

Several other equities research analysts have also recently weighed in on the company. BMO Capital Markets set a $24.00 price target on Sprouts Farmers Market and gave the company a “hold” rating in a research report on Tuesday, August 29th. SunTrust Banks, Inc. reiterated a “buy” rating and set a $27.00 price target on shares of Sprouts Farmers Market in a research report on Friday, September 15th. Zacks Investment Research cut Sprouts Farmers Market from a “hold” rating to a “sell” rating in a research report on Wednesday, October 18th. William Blair restated a “buy” rating on shares of Sprouts Farmers Market in a research report on Friday, August 25th. Finally, Wolfe Research upgraded shares of Sprouts Farmers Market to an “outperform” rating in a research report on Thursday, November 9th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and thirteen have issued a buy rating to the stock. Sprouts Farmers Market has an average rating of “Hold” and a consensus target price of $24.28.

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Shares of Sprouts Farmers Market (SFM) opened at $22.05 on Tuesday. Sprouts Farmers Market has a 52-week low of $17.38 and a 52-week high of $25.98. The firm has a market capitalization of $2,883.64, a PE ratio of 22.34, a PEG ratio of 1.93 and a beta of 0.54. The company has a current ratio of 1.00, a quick ratio of 0.23 and a debt-to-equity ratio of 0.77.

Sprouts Farmers Market (NASDAQ:SFM) last announced its quarterly earnings results on Thursday, November 2nd. The company reported $0.23 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.18 by $0.05. Sprouts Farmers Market had a return on equity of 21.00% and a net margin of 3.01%. The firm had revenue of $1.21 billion for the quarter, compared to analysts’ expectations of $1.18 billion. During the same period in the prior year, the business posted $0.16 earnings per share. The company’s revenue was up 16.4% on a year-over-year basis.

Large investors have recently added to or reduced their stakes in the company. Farr Miller & Washington LLC DC boosted its stake in shares of Sprouts Farmers Market by 0.9% during the second quarter. Farr Miller & Washington LLC DC now owns 1,283,474 shares of the company’s stock valued at $29,096,000 after purchasing an additional 11,722 shares during the period. Northern Trust Corp boosted its stake in shares of Sprouts Farmers Market by 1.2% during the second quarter. Northern Trust Corp now owns 1,127,869 shares of the company’s stock valued at $25,568,000 after purchasing an additional 13,641 shares during the period. AGF Investments America Inc. boosted its stake in shares of Sprouts Farmers Market by 23.2% during the second quarter. AGF Investments America Inc. now owns 182,658 shares of the company’s stock valued at $4,141,000 after purchasing an additional 34,437 shares during the period. Royal Bank of Canada boosted its stake in shares of Sprouts Farmers Market by 67.3% during the second quarter. Royal Bank of Canada now owns 136,168 shares of the company’s stock valued at $3,086,000 after purchasing an additional 54,787 shares during the period. Finally, Blair William & Co. IL boosted its stake in shares of Sprouts Farmers Market by 23.1% during the second quarter. Blair William & Co. IL now owns 165,984 shares of the company’s stock valued at $3,763,000 after purchasing an additional 31,103 shares during the period. 88.43% of the stock is owned by hedge funds and other institutional investors.

In related news, insider Daniel Bruni acquired 15,000 shares of the company’s stock in a transaction dated Friday, September 15th. The stock was purchased at an average price of $19.00 per share, with a total value of $285,000.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Bradley Lukow acquired 7,000 shares of the company’s stock in a transaction dated Tuesday, August 29th. The shares were bought at an average cost of $19.80 per share, with a total value of $138,600.00. The disclosure for this purchase can be found here. 2.60% of the stock is owned by corporate insiders.

Sprouts Farmers Market Company Profile

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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