Q2 2024 EPS Estimates for Sprouts Farmers Market, Inc. Lifted by Analyst (NASDAQ:SFM)

Sprouts Farmers Market, Inc. (NASDAQ:SFM) – Roth Capital raised their Q2 2024 earnings per share (EPS) estimates for shares of Sprouts Farmers Market in a research note issued on Thursday, May 2nd. Roth Capital analyst W. Kirk now anticipates that the company will post earnings of $0.76 per share for the quarter, up from their previous estimate of $0.72. The consensus estimate for Sprouts Farmers Market’s current full-year earnings is $3.10 per share. Roth Capital also issued estimates for Sprouts Farmers Market’s Q3 2024 earnings at $0.72 EPS, Q4 2024 earnings at $0.60 EPS, FY2024 earnings at $3.20 EPS, Q1 2025 earnings at $1.17 EPS, Q2 2025 earnings at $0.81 EPS, Q3 2025 earnings at $0.76 EPS, Q4 2025 earnings at $0.62 EPS and FY2025 earnings at $3.37 EPS.

Sprouts Farmers Market (NASDAQ:SFM) last posted its quarterly earnings results on Wednesday, May 1st. The company reported $1.12 earnings per share for the quarter, topping analysts’ consensus estimates of $1.00 by $0.12. Sprouts Farmers Market had a net margin of 4.25% and a return on equity of 26.77%. The business had revenue of $1.88 billion during the quarter, compared to the consensus estimate of $1.85 billion. During the same period in the previous year, the firm posted $0.98 earnings per share. Sprouts Farmers Market’s revenue for the quarter was up 8.7% compared to the same quarter last year.

A number of other research firms also recently commented on SFM. BMO Capital Markets upped their price objective on Sprouts Farmers Market from $31.00 to $40.00 and gave the company an “underperform” rating in a report on Thursday. Evercore ISI lowered their price target on Sprouts Farmers Market from $62.00 to $61.00 and set an “in-line” rating for the company in a research note on Tuesday, April 16th. Bank of America raised shares of Sprouts Farmers Market from an “underperform” rating to a “buy” rating and lifted their price objective for the stock from $30.00 to $70.00 in a research note on Tuesday, February 27th. Oppenheimer reaffirmed a “market perform” rating on shares of Sprouts Farmers Market in a research note on Monday, April 29th. Finally, The Goldman Sachs Group lifted their price target on shares of Sprouts Farmers Market from $56.00 to $71.00 and gave the stock a “buy” rating in a research report on Tuesday, March 5th. Two analysts have rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $53.50.

Sprouts Farmers Market Stock Performance

SFM stock opened at $73.68 on Friday. Sprouts Farmers Market has a twelve month low of $32.12 and a twelve month high of $74.03. The company has a quick ratio of 0.51, a current ratio of 1.19 and a debt-to-equity ratio of 0.11. The company has a market cap of $7.40 billion, a P/E ratio of 25.41, a price-to-earnings-growth ratio of 2.50 and a beta of 0.50. The business’s fifty day moving average is $63.94 and its 200-day moving average is $52.94.

Hedge Funds Weigh In On Sprouts Farmers Market

Hedge funds have recently modified their holdings of the stock. VisionPoint Advisory Group LLC bought a new position in shares of Sprouts Farmers Market in the third quarter valued at $25,000. Rise Advisors LLC acquired a new position in shares of Sprouts Farmers Market during the 1st quarter worth about $26,000. Blue Bell Private Wealth Management LLC acquired a new position in shares of Sprouts Farmers Market during the 1st quarter worth about $36,000. Bank Julius Baer & Co. Ltd Zurich bought a new stake in shares of Sprouts Farmers Market in the 4th quarter valued at about $38,000. Finally, GAMMA Investing LLC acquired a new stake in Sprouts Farmers Market in the 4th quarter valued at about $43,000.

Insider Buying and Selling

In related news, VP Stacy W. Hilgendorf sold 417 shares of the company’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of $62.47, for a total value of $26,049.99. Following the completion of the transaction, the vice president now directly owns 10,331 shares of the company’s stock, valued at approximately $645,377.57. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, COO Nicholas Konat sold 31,846 shares of the stock in a transaction on Friday, March 22nd. The shares were sold at an average price of $62.13, for a total transaction of $1,978,591.98. Following the completion of the transaction, the chief operating officer now owns 82,495 shares in the company, valued at $5,125,414.35. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Stacy W. Hilgendorf sold 417 shares of Sprouts Farmers Market stock in a transaction on Friday, March 15th. The shares were sold at an average price of $62.47, for a total transaction of $26,049.99. Following the completion of the sale, the vice president now owns 10,331 shares in the company, valued at $645,377.57. The disclosure for this sale can be found here. Insiders have sold a total of 160,852 shares of company stock worth $10,032,745 over the last ninety days. Company insiders own 1.10% of the company’s stock.

About Sprouts Farmers Market

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.