Sprouts Farmers Market (NASDAQ:SFM) Releases Q3 2024 Earnings Guidance

Sprouts Farmers Market (NASDAQ:SFM) updated its third quarter 2024 earnings guidance on Monday. The company provided earnings per share (EPS) guidance of 0.710-0.750 for the period, compared to the consensus estimate of 0.690. The company issued revenue guidance of -. Sprouts Farmers Market also updated its FY 2024 guidance to 3.290-3.370 EPS.

Analyst Ratings Changes

SFM has been the subject of several analyst reports. UBS Group raised their price target on shares of Sprouts Farmers Market from $68.00 to $94.00 and gave the stock a neutral rating in a report on Friday, June 28th. The Goldman Sachs Group boosted their target price on shares of Sprouts Farmers Market from $78.00 to $89.00 and gave the company a buy rating in a report on Wednesday, July 10th. BMO Capital Markets increased their price target on Sprouts Farmers Market from $31.00 to $40.00 and gave the stock an underperform rating in a report on Thursday, May 2nd. Evercore ISI boosted their price objective on Sprouts Farmers Market from $77.00 to $80.00 and gave the company an in-line rating in a research note on Tuesday, July 16th. Finally, Deutsche Bank Aktiengesellschaft raised their target price on Sprouts Farmers Market from $63.00 to $76.00 and gave the stock a hold rating in a research note on Monday. Two research analysts have rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of Hold and a consensus target price of $68.50.

Sprouts Farmers Market Stock Down 2.4 %

Shares of NASDAQ SFM traded down $2.04 during midday trading on Monday, hitting $84.66. 2,492,895 shares of the stock traded hands, compared to its average volume of 1,319,144. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.65 and a current ratio of 1.19. The business has a 50 day moving average price of $80.56 and a two-hundred day moving average price of $67.84. Sprouts Farmers Market has a one year low of $36.21 and a one year high of $88.08. The company has a market cap of $8.51 billion, a PE ratio of 29.28, a P/E/G ratio of 3.31 and a beta of 0.55.

Sprouts Farmers Market (NASDAQ:SFM) last released its quarterly earnings results on Wednesday, May 1st. The company reported $1.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.00 by $0.12. The business had revenue of $1.88 billion during the quarter, compared to the consensus estimate of $1.85 billion. Sprouts Farmers Market had a return on equity of 26.77% and a net margin of 4.25%. The company’s quarterly revenue was up 8.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.98 EPS. On average, equities analysts predict that Sprouts Farmers Market will post 3.12 EPS for the current year.

Insider Activity

In other Sprouts Farmers Market news, COO Nicholas Konat sold 31,000 shares of Sprouts Farmers Market stock in a transaction that occurred on Wednesday, May 8th. The shares were sold at an average price of $74.14, for a total transaction of $2,298,340.00. Following the transaction, the chief operating officer now owns 51,495 shares of the company’s stock, valued at approximately $3,817,839.30. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In related news, COO Nicholas Konat sold 31,000 shares of the stock in a transaction that occurred on Wednesday, May 8th. The stock was sold at an average price of $74.14, for a total transaction of $2,298,340.00. Following the completion of the sale, the chief operating officer now directly owns 51,495 shares of the company’s stock, valued at $3,817,839.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Brandon F. Lombardi sold 5,174 shares of the business’s stock in a transaction on Monday, May 6th. The stock was sold at an average price of $74.97, for a total value of $387,894.78. Following the completion of the transaction, the insider now directly owns 6,052 shares in the company, valued at approximately $453,718.44. The disclosure for this sale can be found here. Insiders sold a total of 66,147 shares of company stock worth $4,999,299 over the last quarter. 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.