Sprouts Farmers Market Inc (NASDAQ:SFM) – Research analysts at Jefferies Group upped their Q1 2018 earnings per share (EPS) estimates for Sprouts Farmers Market in a research note issued to investors on Friday. Jefferies Group analyst C. Mandeville now expects that the company will earn $0.50 per share for the quarter, up from their prior forecast of $0.42. Jefferies Group currently has a “Hold” rating and a $26.00 target price on the stock. Jefferies Group also issued estimates for Sprouts Farmers Market’s FY2020 earnings at $1.71 EPS.
Sprouts Farmers Market (NASDAQ:SFM) last released its quarterly earnings results on Thursday, February 22nd. The company reported $0.16 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.15 by $0.01. Sprouts Farmers Market had a net margin of 3.40% and a return on equity of 21.81%. The firm had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.14 billion. During the same quarter in the previous year, the firm posted $0.13 EPS. The firm’s quarterly revenue was up 16.0% on a year-over-year basis.
Shares of Sprouts Farmers Market (NASDAQ:SFM) opened at $25.99 on Monday. The firm has a market cap of $3,460.00, a PE ratio of 25.73, a PEG ratio of 1.68 and a beta of 0.80. Sprouts Farmers Market has a 1 year low of $17.38 and a 1 year high of $28.29. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.00 and a quick ratio of 0.23.
A number of institutional investors have recently bought and sold shares of the business. BlackRock Inc. boosted its stake in Sprouts Farmers Market by 1.5% during the 4th quarter. BlackRock Inc. now owns 10,656,767 shares of the company’s stock valued at $259,493,000 after purchasing an additional 162,367 shares during the period. Fuller & Thaler Asset Management Inc. boosted its stake in Sprouts Farmers Market by 0.4% during the 3rd quarter. Fuller & Thaler Asset Management Inc. now owns 3,758,862 shares of the company’s stock valued at $70,554,000 after purchasing an additional 13,791 shares during the period. Bank of New York Mellon Corp boosted its stake in Sprouts Farmers Market by 8.2% during the 3rd quarter. Bank of New York Mellon Corp now owns 3,701,231 shares of the company’s stock valued at $69,472,000 after purchasing an additional 280,083 shares during the period. Old Mutual Global Investors UK Ltd. boosted its stake in Sprouts Farmers Market by 60.2% during the 4th quarter. Old Mutual Global Investors UK Ltd. now owns 3,457,233 shares of the company’s stock valued at $84,183,000 after purchasing an additional 1,299,240 shares during the period. Finally, Dimensional Fund Advisors LP boosted its stake in Sprouts Farmers Market by 49.5% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,009,401 shares of the company’s stock valued at $37,717,000 after purchasing an additional 665,598 shares during the period. 91.18% of the stock is owned by hedge funds and other institutional investors.
In other news, COO James Leroy Nielsen sold 110,000 shares of Sprouts Farmers Market stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $23.17, for a total value of $2,548,700.00. Following the completion of the transaction, the chief operating officer now directly owns 207,108 shares of the company’s stock, valued at approximately $4,798,692.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Shon A. Boney sold 17,221 shares of Sprouts Farmers Market stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $26.71, for a total transaction of $459,972.91. Following the completion of the transaction, the director now directly owns 18,591 shares of the company’s stock, valued at $496,565.61. The disclosure for this sale can be found here. Insiders sold a total of 1,651,481 shares of company stock valued at $42,706,303 over the last ninety days. Company insiders own 2.60% of the company’s stock.
Sprouts Farmers Market declared that its board has initiated a share repurchase plan on Thursday, February 22nd that permits the company to buyback $350.00 million in shares. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Shares buyback plans are generally a sign that the company’s leadership believes its stock is undervalued.
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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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