Jefferies Financial Group Weighs in on Sprouts Farmers Market Inc’s FY2019 Earnings (SFM)

Sprouts Farmers Market Inc (NASDAQ:SFM) – Analysts at Jefferies Financial Group dropped their FY2019 earnings estimates for Sprouts Farmers Market in a report issued on Monday, December 3rd. Jefferies Financial Group analyst C. Mandeville now expects that the company will earn $1.34 per share for the year, down from their prior forecast of $1.36. Jefferies Financial Group also issued estimates for Sprouts Farmers Market’s FY2020 earnings at $1.54 EPS, FY2021 earnings at $1.81 EPS and FY2022 earnings at $1.88 EPS.

Sprouts Farmers Market (NASDAQ:SFM) last issued its quarterly earnings results on Thursday, November 1st. The company reported $0.27 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.26 by $0.01. Sprouts Farmers Market had a return on equity of 25.85% and a net margin of 3.65%. The business had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.33 billion. During the same period in the previous year, the business earned $0.23 EPS. The business’s quarterly revenue was up 10.2% on a year-over-year basis.

A number of other equities research analysts also recently weighed in on SFM. William Blair reiterated an “outperform” rating on shares of Sprouts Farmers Market in a report on Tuesday, August 14th. ValuEngine upgraded Sprouts Farmers Market from a “sell” rating to a “hold” rating in a report on Monday, August 20th. BidaskClub upgraded Sprouts Farmers Market from a “sell” rating to a “hold” rating in a report on Wednesday, August 22nd. UBS Group boosted their price target on Sprouts Farmers Market from $28.00 to $33.00 and gave the company a “buy” rating in a report on Monday, September 10th. Finally, Barclays downgraded Sprouts Farmers Market from an “overweight” rating to an “equal weight” rating and set a $30.00 price target for the company. in a report on Monday, September 17th. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and eight have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $27.42.

Shares of NASDAQ SFM opened at $25.09 on Wednesday. Sprouts Farmers Market has a twelve month low of $20.63 and a twelve month high of $29.67. The company has a quick ratio of 0.30, a current ratio of 1.15 and a debt-to-equity ratio of 0.87. The company has a market capitalization of $3.08 billion, a PE ratio of 24.84, a PEG ratio of 1.57 and a beta of 0.79.

In related news, COO Dan J. Sanders sold 19,929 shares of the stock in a transaction dated Tuesday, September 11th. The stock was sold at an average price of $28.91, for a total value of $576,147.39. Following the completion of the sale, the chief operating officer now directly owns 610,846 shares of the company’s stock, valued at approximately $17,659,557.86. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Joe Fortunato sold 1,000 shares of the stock in a transaction dated Friday, September 21st. The stock was sold at an average price of $27.52, for a total value of $27,520.00. Following the completion of the sale, the director now directly owns 21,707 shares of the company’s stock, valued at $597,376.64. The disclosure for this sale can be found here. Over the last ninety days, insiders have bought 105,500 shares of company stock valued at $2,415,475 and have sold 239,475 shares valued at $6,618,053. Corporate insiders own 1.80% of the company’s stock.

Institutional investors have recently made changes to their positions in the stock. Itau Unibanco Holding S.A. purchased a new stake in Sprouts Farmers Market in the 2nd quarter worth about $102,000. NumerixS Investment Technologies Inc lifted its stake in Sprouts Farmers Market by 407.1% in the 2nd quarter. NumerixS Investment Technologies Inc now owns 7,100 shares of the company’s stock worth $159,000 after acquiring an additional 5,700 shares in the last quarter. Harvest Fund Management Co. Ltd purchased a new stake in Sprouts Farmers Market in the 3rd quarter worth about $194,000. Csenge Advisory Group purchased a new stake in Sprouts Farmers Market in the 3rd quarter worth about $195,000. Finally, Global X Management Co LLC lifted its stake in Sprouts Farmers Market by 64.3% in the 2nd quarter. Global X Management Co LLC now owns 8,907 shares of the company’s stock worth $197,000 after acquiring an additional 3,485 shares in the last quarter. 91.52% of the stock is owned by hedge funds and other institutional investors.

About Sprouts Farmers Market

Sprouts Farmers Market, Inc, a healthy grocery store, provides fresh, natural, and organic food products in the United States. Its stores offer fresh produce, meat and seafood, deli and baked goods, packaged groceries, vitamins and supplements, bulk foods, dairy and dairy alternatives, frozen foods, beer and wine, and natural body care and household items.

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Earnings History and Estimates for Sprouts Farmers Market (NASDAQ:SFM)

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