Sprouts Farmers Market (NASDAQ:SFM) Issues Q4 Earnings Guidance

Sprouts Farmers Market (NASDAQ:SFM) issued an update on its fourth quarter earnings guidance on Wednesday morning. The company provided EPS guidance of $0.67-$0.71 for the period, compared to the consensus EPS estimate of $0.58.

Sprouts Farmers Market Trading Down 0.7 %

NASDAQ SFM traded down $0.85 on Wednesday, reaching $118.84. The company had a trading volume of 1,624,575 shares, compared to its average volume of 1,312,933. The stock’s 50 day moving average is $108.49 and its 200-day moving average is $90.41. The stock has a market cap of $11.90 billion, a price-to-earnings ratio of 37.25, a PEG ratio of 2.75 and a beta of 0.56. The company has a quick ratio of 0.44, a current ratio of 1.03 and a debt-to-equity ratio of 0.01. Sprouts Farmers Market has a 52 week low of $39.76 and a 52 week high of $121.01.

Sprouts Farmers Market (NASDAQ:SFM) last posted its quarterly earnings data on Monday, July 29th. The company reported $0.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.78 by $0.16. The business had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.84 billion. Sprouts Farmers Market had a return on equity of 27.53% and a net margin of 4.52%. Sprouts Farmers Market’s quarterly revenue was up 12.3% on a year-over-year basis. During the same period last year, the company earned $0.71 earnings per share. Equities analysts predict that Sprouts Farmers Market will post 3.39 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts recently commented on the company. Roth Mkm increased their price target on Sprouts Farmers Market from $58.00 to $78.00 and gave the company a “neutral” rating in a research report on Tuesday, July 30th. Bank of America increased their price target on Sprouts Farmers Market from $115.00 to $135.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Royal Bank of Canada assumed coverage on Sprouts Farmers Market in a research report on Thursday, September 12th. They set a “sector perform” rating and a $107.00 price target for the company. Evercore ISI increased their price target on Sprouts Farmers Market from $125.00 to $130.00 and gave the company an “outperform” rating in a research report on Tuesday, October 22nd. Finally, Wells Fargo & Company raised Sprouts Farmers Market from an “underweight” rating to an “equal weight” rating and increased their price target for the company from $62.00 to $90.00 in a research report on Tuesday, July 30th. Nine equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $104.40.

Insider Transactions at Sprouts Farmers Market

In other news, insider Dustin Hamilton sold 921 shares of the stock in a transaction dated Friday, October 11th. The shares were sold at an average price of $113.60, for a total transaction of $104,625.60. Following the completion of the sale, the insider now directly owns 25,251 shares in the company, valued at approximately $2,868,513.60. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, VP Stacy W. Hilgendorf sold 1,904 shares of Sprouts Farmers Market stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $101.12, for a total transaction of $192,532.48. Following the transaction, the vice president now owns 10,237 shares in the company, valued at approximately $1,035,165.44. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Dustin Hamilton sold 921 shares of Sprouts Farmers Market stock in a transaction on Friday, October 11th. The shares were sold at an average price of $113.60, for a total transaction of $104,625.60. Following the transaction, the insider now owns 25,251 shares in the company, valued at approximately $2,868,513.60. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 124,142 shares of company stock valued at $12,401,112. 1.10% of the stock is currently owned by company insiders.

About Sprouts Farmers Market

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.