Sprouts Farmers Market, Inc. (NASDAQ:SFM) issued its earnings results on Thursday. The company reported $0.23 EPS for the quarter, topping the consensus estimate of $0.18 by $0.05, Briefing.com reports. Sprouts Farmers Market had a net margin of 3.01% and a return on equity of 21.00%. The company had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.18 billion. During the same period in the previous year, the firm earned $0.16 EPS. The business’s revenue was up 16.4% on a year-over-year basis. Sprouts Farmers Market updated its FY17 guidance to $0.98-0.99 EPS.
Sprouts Farmers Market (NASDAQ SFM) traded up $1.48 during midday trading on Friday, reaching $20.35. The company’s stock had a trading volume of 1,990,299 shares, compared to its average volume of 2,562,400. The stock has a market cap of $2,725.29, a PE ratio of 21.11 and a beta of 0.54.
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SFM has been the topic of several recent research reports. SunTrust Banks, Inc. reiterated a “buy” rating and issued a $27.00 price objective on shares of Sprouts Farmers Market in a research report on Friday, September 15th. William Blair reiterated a “buy” rating on shares of Sprouts Farmers Market in a research report on Friday, August 25th. BidaskClub lowered shares of Sprouts Farmers Market from a “buy” rating to a “hold” rating in a research report on Thursday, August 24th. Jefferies Group LLC decreased their price objective on shares of Sprouts Farmers Market from $26.00 to $19.00 and set a “hold” rating on the stock in a research report on Monday. Finally, BMO Capital Markets set a $24.00 price objective on shares of Sprouts Farmers Market and gave the stock a “hold” rating in a research report on Tuesday, August 29th. Three research analysts have rated the stock with a sell rating, ten have given a hold rating and eleven have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $24.44.
In other Sprouts Farmers Market news, insider Brandon F. Lombardi sold 20,000 shares of the company’s stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $24.34, for a total value of $486,800.00. Following the completion of the transaction, the insider now owns 73,761 shares in the company, valued at approximately $1,795,342.74. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Daniel Bruni purchased 15,000 shares of the firm’s stock in a transaction on Friday, September 15th. The stock was bought at an average price of $19.00 per share, with a total value of $285,000.00. The disclosure for this purchase can be found here. 2.60% of the stock is owned by corporate insiders.
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.
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