Sprouts Farmers Market, Inc. (NASDAQ:SFM - Free Report) - Analysts at Roth Capital boosted their FY2024 earnings estimates for Sprouts Farmers Market in a research note issued to investors on Thursday, October 31st. Roth Capital analyst W. Kirk now forecasts that the company will post earnings of $3.70 per share for the year, up from their previous estimate 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 posted its quarterly earnings results on Wednesday, October 30th. The company reported $0.91 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 quarter in the previous year, the business posted $0.65 EPS. The company's quarterly revenue was up 13.6% compared to the same quarter last year.
Several other research firms have also issued reports on SFM. Bank of America lifted their price target on shares of Sprouts Farmers Market from $115.00 to $135.00 and gave the stock a "buy" rating in a report on Friday, October 25th. Roth Mkm upped their target price 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. Melius Research assumed coverage on Sprouts Farmers Market in a report on Monday, September 23rd. They issued a "hold" rating and a $105.00 price target for the company. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Sprouts Farmers Market from $63.00 to $76.00 and gave the company a "hold" rating in a report on Monday, July 29th. Finally, BMO Capital Markets lifted their target price on shares of Sprouts Farmers Market from $102.00 to $140.00 and gave the stock a "market perform" rating in a research note on Thursday. Nine analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $115.40.
Read Our Latest Analysis on SFM
SFM opened at $130.21 on Monday. The firm has a market capitalization of $13.02 billion, a PE ratio of 37.63, a price-to-earnings-growth ratio of 2.73 and a beta of 0.54. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.13 and a quick ratio of 0.44. The business's 50-day moving average is $110.21 and its two-hundred day moving average is $91.55. Sprouts Farmers Market has a 1 year low of $39.98 and a 1 year high of $135.10.
In other Sprouts Farmers Market news, Director Joel D. Anderson sold 20,851 shares of the stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $96.16, for a total transaction of $2,005,032.16. Following the sale, the director now directly owns 18,809 shares of the company's stock, valued at approximately $1,808,673.44. This trade 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 this link. In related news, Director Hari K. Avula sold 2,500 shares of the firm's stock in a transaction on Monday, August 12th. The shares were sold at an average price of $96.50, for a total transaction of $241,250.00. Following the sale, the director now owns 10,554 shares in the company, valued at approximately $1,018,461. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Joel D. Anderson sold 20,851 shares of Sprouts Farmers Market stock in a transaction on Friday, August 9th. The shares were sold at an average price of $96.16, for a total transaction of $2,005,032.16. Following the completion of the transaction, the director now directly owns 18,809 shares of the company's stock, valued at $1,808,673.44. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 51,829 shares of company stock valued at $5,206,068 in the last ninety days. Insiders own 1.10% of the company's stock.
Several large investors have recently made changes to their positions in the business. Crewe Advisors LLC increased its holdings in Sprouts Farmers Market by 223.5% in the 2nd quarter. Crewe Advisors LLC now owns 317 shares of the company's stock worth $27,000 after acquiring an additional 219 shares in the last quarter. Whittier Trust Co. of Nevada Inc. purchased a new stake in shares of Sprouts Farmers Market during the second quarter worth about $29,000. V Square Quantitative Management LLC acquired a new position in shares of Sprouts Farmers Market during the 3rd quarter worth about $38,000. Quarry LP lifted its stake in Sprouts Farmers Market by 1,425.8% in the 2nd quarter. Quarry LP now owns 473 shares of the company's stock valued at $40,000 after buying an additional 442 shares in the last quarter. Finally, Waldron Private Wealth LLC purchased a new position in Sprouts Farmers Market in the 3rd quarter valued at about $60,000.
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.
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