Research Analysts Offer Predictions for SFM FY2024 Earnings

Sprouts Farmers Market, Inc. (NASDAQ:SFM - Free Report) - Investment analysts at Zacks Research boosted their FY2024 EPS estimates for Sprouts Farmers Market in a report issued on Wednesday, November 13th. Zacks Research analyst S. Singh now anticipates that the company will earn $3.67 per share for the year, up from their previous estimate of $3.35. The consensus estimate for Sprouts Farmers Market's current full-year earnings is $3.68 per share. Zacks Research also issued estimates for Sprouts Farmers Market's Q4 2024 earnings at $0.70 EPS, Q1 2025 earnings at $1.28 EPS, Q2 2025 earnings at $1.10 EPS, Q1 2026 earnings at $1.40 EPS and Q2 2026 earnings at $1.20 EPS.

A number of other equities analysts also recently weighed in on SFM. Royal Bank of Canada initiated coverage on shares of Sprouts Farmers Market in a research note on Thursday, September 12th. They set a "sector perform" rating and a $107.00 target price for the company. Bank of America raised their target price on shares of Sprouts Farmers Market from $115.00 to $135.00 and gave the company a "buy" rating in a research note on Friday, October 25th. 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 research note on Thursday, October 31st. StockNews.com downgraded shares of Sprouts Farmers Market from a "buy" rating to a "hold" rating in a research note on Tuesday, November 12th. Finally, Deutsche Bank Aktiengesellschaft raised their target price on shares of Sprouts Farmers Market from $63.00 to $76.00 and gave the company a "hold" rating in a research note on Monday, July 29th. Nine analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, Sprouts Farmers Market currently has a consensus rating of "Hold" and a consensus price target of $115.40.

Sprouts Farmers Market Trading Down 0.2 %

SFM stock traded down $0.28 during trading on Monday, reaching $141.72. The company had a trading volume of 344,251 shares, compared to its average volume of 1,331,145. Sprouts Farmers Market has a 52 week low of $40.39 and a 52 week high of $148.56. The company has a market cap of $14.17 billion, a P/E ratio of 41.04, a PEG ratio of 2.15 and a beta of 0.54. The business has a 50 day moving average of $118.29 and a 200 day moving average of $97.11. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.13 and a quick ratio of 0.59.

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

Institutional Investors Weigh In On Sprouts Farmers Market

Large investors have recently added to or reduced their stakes in the stock. Marshall Wace LLP raised its holdings in shares of Sprouts Farmers Market by 167.4% in the 2nd quarter. Marshall Wace LLP now owns 1,555,192 shares of the company's stock valued at $130,107,000 after purchasing an additional 973,666 shares in the last quarter. Renaissance Technologies LLC raised its stake in shares of Sprouts Farmers Market by 15.4% during the 2nd quarter. Renaissance Technologies LLC now owns 4,438,144 shares of the company's stock worth $371,295,000 after acquiring an additional 593,600 shares in the last quarter. Assenagon Asset Management S.A. increased its stake in Sprouts Farmers Market by 2,577.7% during the 3rd quarter. Assenagon Asset Management S.A. now owns 452,672 shares of the company's stock valued at $49,980,000 after purchasing an additional 435,767 shares in the last quarter. Fiera Capital Corp acquired a new position in Sprouts Farmers Market during the 3rd quarter valued at approximately $31,712,000. Finally, Hennessy Advisors Inc. increased its stake in Sprouts Farmers Market by 41.3% during the 2nd quarter. Hennessy Advisors Inc. now owns 804,100 shares of the company's stock valued at $67,271,000 after purchasing an additional 235,100 shares in the last quarter.

Insider Buying and Selling at Sprouts Farmers Market

In related news, insider Joseph L. Hurley sold 4,956 shares of Sprouts Farmers Market stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $132.66, for a total transaction of $657,462.96. Following the completion of the transaction, the insider now directly owns 11,184 shares of the company's stock, valued at approximately $1,483,669.44. The trade was a 30.71 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Dustin Hamilton sold 500 shares of Sprouts Farmers Market stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $97.52, for a total transaction of $48,760.00. Following the transaction, the insider now directly owns 27,188 shares of the company's stock, valued at approximately $2,651,373.76. This represents a 1.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 50,648 shares of company stock worth $5,902,586. 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.