Sprouts Farmers Market Inc (NASDAQ:SFM) to Post Q4 2019 Earnings of $0.14 Per Share, Northcoast Research Forecasts

Sprouts Farmers Market Inc (NASDAQ:SFM) – Stock analysts at Northcoast Research cut their Q4 2019 EPS estimates for shares of Sprouts Farmers Market in a research note issued to investors on Friday, November 8th. Northcoast Research analyst C. Cerankosky now forecasts that the company will post earnings per share of $0.14 for the quarter, down from their prior forecast of $0.15. Northcoast Research currently has a “Buy” rating and a $22.00 target price on the stock.

A number of other research analysts have also issued reports on SFM. CIBC restated a “market perform” rating on shares of Sprouts Farmers Market in a research report on Tuesday, July 23rd. Oppenheimer lowered shares of Sprouts Farmers Market from an “outperform” rating to a “market perform” rating in a research report on Tuesday, July 23rd. Cfra lowered shares of Sprouts Farmers Market from a “strong-buy” rating to a “buy” rating in a research report on Thursday, October 31st. BMO Capital Markets lowered shares of Sprouts Farmers Market from a “market perform” rating to an “underperform” rating and set a $15.00 target price on the stock. in a research report on Friday, August 2nd. Finally, BidaskClub lowered shares of Sprouts Farmers Market from a “sell” rating to a “strong sell” rating in a research report on Tuesday, September 24th. Five investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $21.82.

Shares of NASDAQ:SFM opened at $19.65 on Monday. The company’s 50 day moving average price is $18.93 and its two-hundred day moving average price is $19.24. Sprouts Farmers Market has a 12-month low of $16.46 and a 12-month high of $28.69. The firm has a market cap of $2.40 billion, a PE ratio of 15.23, a PEG ratio of 2.86 and a beta of 0.37. The company has a quick ratio of 0.27, a current ratio of 0.87 and a debt-to-equity ratio of 2.92.

Sprouts Farmers Market (NASDAQ:SFM) last released its quarterly earnings results on Wednesday, October 30th. The company reported $0.22 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.20 by $0.02. Sprouts Farmers Market had a net margin of 2.36% and a return on equity of 25.50%. The firm had revenue of $1.44 billion for the quarter, compared to analysts’ expectations of $1.42 billion. During the same period in the prior year, the firm earned $0.27 EPS. The business’s revenue was up 8.4% on a year-over-year basis.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Jefferies Group LLC boosted its position in shares of Sprouts Farmers Market by 165.3% during the 2nd quarter. Jefferies Group LLC now owns 229,203 shares of the company’s stock worth $4,330,000 after acquiring an additional 142,812 shares in the last quarter. Arden Trust Co acquired a new stake in shares of Sprouts Farmers Market during the 2nd quarter worth approximately $262,000. Morgan Stanley boosted its position in shares of Sprouts Farmers Market by 182.4% during the 2nd quarter. Morgan Stanley now owns 468,899 shares of the company’s stock worth $8,859,000 after acquiring an additional 302,852 shares in the last quarter. Teza Capital Management LLC acquired a new stake in shares of Sprouts Farmers Market during the 2nd quarter worth approximately $283,000. Finally, Assenagon Asset Management S.A. acquired a new stake in shares of Sprouts Farmers Market during the 3rd quarter worth approximately $4,307,000. Institutional investors and hedge funds own 94.44% of the company’s stock.

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, bulk foods, vitamins and supplements, packaged groceries, meat and seafood, baked goods, dairy products, frozen foods, beer and wine, natural body care and household items.

Further Reading: Bid-Ask Spread

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

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