Roth Capital Has Positive Estimate for SFM FY2024 Earnings

Sprouts Farmers Market, Inc. (NASDAQ:SFM - Free Report) - Investment analysts at Roth Capital lifted their FY2024 earnings per share (EPS) estimates for shares of Sprouts Farmers Market in a report released on Thursday, October 31st. Roth Capital analyst W. Kirk now forecasts that the company will earn $3.70 per share for the year, up from their previous forecast of $3.42. The consensus estimate for Sprouts Farmers Market's current full-year earnings is $3.67 per share. Roth Capital also issued estimates for Sprouts Farmers Market's Q4 2024 earnings at $0.73 EPS, Q3 2025 earnings at $1.12 EPS, Q4 2025 earnings at $0.91 EPS and FY2025 earnings at $4.50 EPS.

Sprouts Farmers Market (NASDAQ:SFM - Get Free Report) last announced its quarterly earnings data on Wednesday, October 30th. The company reported $0.91 earnings per share for the quarter, beating analysts' consensus estimates of $0.77 by $0.14. Sprouts Farmers Market had a return on equity of 28.24% and a net margin of 4.73%. The company had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.88 billion. During the same quarter in the previous year, the company earned $0.65 EPS. The firm's revenue for the quarter was up 13.6% compared to the same quarter last year.

Other equities research analysts have also recently issued research reports about the company. Evercore ISI upped their price target on Sprouts Farmers Market from $125.00 to $130.00 and gave the stock an "outperform" rating in a report on Tuesday, October 22nd. Wells Fargo & Company upped their target price on Sprouts Farmers Market from $90.00 to $130.00 and gave the company an "equal weight" rating in a report on Thursday. Deutsche Bank Aktiengesellschaft lifted their price target on Sprouts Farmers Market from $63.00 to $76.00 and gave the stock a "hold" rating in a research note on Monday, July 29th. Roth Mkm boosted their price objective on shares of Sprouts Farmers Market from $58.00 to $78.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 30th. Finally, BMO Capital Markets raised 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 report on Thursday. Eight research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, Sprouts Farmers Market has an average rating of "Hold" and an average target price of $115.40.

Sprouts Farmers Market Price Performance

Shares of NASDAQ SFM traded up $1.58 during trading on Monday, hitting $131.79. 1,666,510 shares of the company were exchanged, compared to its average volume of 1,333,538. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.13 and a quick ratio of 0.44. Sprouts Farmers Market has a 1 year low of $39.98 and a 1 year high of $135.10. The company has a market cap of $13.18 billion, a price-to-earnings ratio of 38.09, a PEG ratio of 2.73 and a beta of 0.54. The firm's fifty day moving average price is $110.21 and its 200 day moving average price is $91.75.

Institutional Trading of Sprouts Farmers Market

Several large investors have recently modified their holdings of the business. Cetera Advisors LLC acquired a new stake in shares of Sprouts Farmers Market during the first quarter worth approximately $349,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its position in shares of Sprouts Farmers Market by 8.5% in the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 616,429 shares of the company's stock worth $39,748,000 after purchasing an additional 48,225 shares during the last quarter. Inspire Investing LLC raised its stake in shares of Sprouts Farmers Market by 78.8% in the 1st quarter. Inspire Investing LLC now owns 26,113 shares of the company's stock valued at $1,684,000 after purchasing an additional 11,508 shares in the last quarter. Ritholtz Wealth Management raised its stake in shares of Sprouts Farmers Market by 59.8% in the 2nd quarter. Ritholtz Wealth Management now owns 16,790 shares of the company's stock valued at $1,405,000 after purchasing an additional 6,286 shares in the last quarter. Finally, GSA Capital Partners LLP bought a new position in shares of Sprouts Farmers Market during the first quarter worth about $1,643,000.

Insider Buying and Selling at Sprouts Farmers Market

In related news, Director Kristen E. Blum sold 2,000 shares of the stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $100.00, for a total transaction of $200,000.00. Following the completion of the sale, the director now owns 51,627 shares of the company's stock, valued at approximately $5,162,700. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Kristen E. Blum sold 2,000 shares of the stock in a transaction on Monday, August 26th. The stock was sold at an average price of $100.00, for a total value of $200,000.00. Following the completion of the sale, the director now directly owns 51,627 shares in the company, valued at approximately $5,162,700. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Dustin Hamilton sold 921 shares of the business's stock in a transaction dated Friday, October 11th. The stock was sold at an average price of $113.60, for a total value 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 represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 51,829 shares of company stock valued at $5,206,068. 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.