Equities analysts expect Sprouts Farmers Market Inc (NASDAQ:SFM) to report sales of $1.29 billion for the current quarter, according to Zacks. Five analysts have issued estimates for Sprouts Farmers Market’s earnings, with the highest sales estimate coming in at $1.29 billion and the lowest estimate coming in at $1.28 billion. Sprouts Farmers Market posted sales of $1.13 billion in the same quarter last year, which indicates a positive year over year growth rate of 14.2%. The company is scheduled to announce its next earnings report on Thursday, May 3rd.
According to Zacks, analysts expect that Sprouts Farmers Market will report full-year sales of $1.29 billion for the current fiscal year, with estimates ranging from $5.22 billion to $5.26 billion. For the next fiscal year, analysts anticipate that the firm will report sales of $5.85 billion per share, with estimates ranging from $5.77 billion to $5.89 billion. Zacks’ sales calculations are an average based on a survey of analysts that that provide coverage for Sprouts Farmers Market.
Sprouts Farmers Market (NASDAQ:SFM) last released its earnings results on Thursday, February 22nd. The company reported $0.16 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.15 by $0.01. Sprouts Farmers Market had a return on equity of 21.81% and a net margin of 3.40%. The business had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.14 billion. During the same period in the previous year, the company posted $0.13 earnings per share. The company’s revenue for the quarter was up 16.0% compared to the same quarter last year.
Shares of Sprouts Farmers Market (NASDAQ:SFM) opened at $25.23 on Monday. The company has a quick ratio of 0.23, a current ratio of 1.00 and a debt-to-equity ratio of 0.73. Sprouts Farmers Market has a 1-year low of $17.55 and a 1-year high of $28.29. The company has a market capitalization of $3,363.44, a price-to-earnings ratio of 22.13, a price-to-earnings-growth ratio of 1.53 and a beta of 0.84.
Sprouts Farmers Market declared that its Board of Directors has initiated a share repurchase plan on Thursday, February 22nd that allows the company to buyback $350.00 million in outstanding shares. This buyback authorization allows the company to purchase shares of its stock through open market purchases. Shares buyback plans are typically an indication that the company’s board of directors believes its stock is undervalued.
In other news, insider Theodore Edward Frumkin II sold 1,722 shares of the company’s stock in a transaction on Monday, March 5th. The stock was sold at an average price of $25.24, for a total transaction of $43,463.28. Following the transaction, the insider now directly owns 37,125 shares of the company’s stock, valued at $937,035. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Amin N. Maredia sold 12,301 shares of the company’s stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $24.33, for a total value of $299,283.33. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,675,741 shares of company stock worth $43,621,557. Corporate insiders own 2.60% of the company’s stock.
Institutional investors have recently bought and sold shares of the stock. Allianz Asset Management GmbH purchased a new stake in Sprouts Farmers Market during the third quarter valued at $1,991,000. Cornerstone Capital Management Holdings LLC. purchased a new stake in Sprouts Farmers Market during the third quarter valued at $2,485,000. Sei Investments Co. increased its position in Sprouts Farmers Market by 1,205.1% during the third quarter. Sei Investments Co. now owns 40,523 shares of the company’s stock valued at $761,000 after acquiring an additional 37,418 shares during the last quarter. Aurora Investment Counsel purchased a new stake in Sprouts Farmers Market during the fourth quarter valued at $1,115,000. Finally, Shaker Investments LLC OH purchased a new stake in Sprouts Farmers Market during the fourth quarter valued at $1,311,000. Institutional investors own 90.96% of the company’s stock.
About Sprouts Farmers Market
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Sprouts Farmers Market Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sprouts Farmers Market and related companies with MarketBeat.com's FREE daily email newsletter.