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

Sprouts Farmers Market, Inc. (NASDAQ:SFM) – Investment analysts at Roth Capital lifted their Q2 2024 earnings per share estimates for shares of Sprouts Farmers Market in a research report issued on Thursday, May 2nd. Roth Capital analyst W. Kirk now forecasts that the company will post earnings per share of $0.76 for the quarter, up from their previous forecast of $0.72. The consensus estimate for Sprouts Farmers Market’s current full-year earnings is $2.96 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.

A number of other equities analysts also recently issued reports on the company. BMO Capital Markets lifted their price target on Sprouts Farmers Market from $31.00 to $40.00 and gave the company an “underperform” rating in a research note on Thursday. The Goldman Sachs Group lifted their price target on Sprouts Farmers Market from $56.00 to $71.00 and gave the company a “buy” rating in a research note on Tuesday, March 5th. Bank of America upgraded Sprouts Farmers Market from an “underperform” rating to a “buy” rating and lifted their price target for the company from $30.00 to $70.00 in a research note on Tuesday, February 27th. Evercore ISI cut 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. Finally, Wells Fargo & Company lifted their price target on Sprouts Farmers Market from $48.00 to $62.00 and gave the company an “underweight” rating in a research note on Thursday. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, Sprouts Farmers Market currently has an average rating of “Hold” and a consensus target price of $53.50.

Sprouts Farmers Market Stock Performance

Shares of SFM opened at $73.68 on Friday. The company has a market cap of $7.46 billion, a PE ratio of 25.41, a P/E/G ratio of 2.33 and a beta of 0.50. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.10 and a quick ratio of 0.51. Sprouts Farmers Market has a one year low of $32.12 and a one year high of $74.03. The stock has a 50-day moving average of $63.94 and a 200-day moving average of $52.87.

Sprouts Farmers Market (NASDAQ:SFM) last issued its earnings results on Wednesday, May 1st. The company reported $1.12 EPS for the quarter, beating the consensus estimate of $1.00 by $0.12. The company 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 27.36% and a net margin of 4.25%. The firm’s revenue for the quarter was up 8.7% compared to the same quarter last year. During the same period last year, the business posted $0.98 EPS.

Insiders Place Their Bets

In other Sprouts Farmers Market news, Director Joe Fortunato sold 13,000 shares of Sprouts Farmers Market stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $63.71, for a total transaction of $828,230.00. Following the transaction, the director now owns 39,395 shares of the company’s stock, valued at approximately $2,509,855.45. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In related news, insider Brandon F. Lombardi sold 3,865 shares of Sprouts Farmers Market stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $62.21, for a total value of $240,441.65. Following the sale, the insider now owns 8,328 shares of the company’s stock, valued at approximately $518,084.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Joe Fortunato sold 13,000 shares of Sprouts Farmers Market stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $63.71, for a total transaction of $828,230.00. Following the completion of the sale, the director now directly owns 39,395 shares in the company, valued at approximately $2,509,855.45. The disclosure for this sale can be found here. Insiders have sold a total of 160,852 shares of company stock valued at $10,032,745 in the last 90 days. 1.10% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Sprouts Farmers Market

A number of hedge funds have recently modified their holdings of the stock. Cambridge Investment Research Advisors Inc. raised its holdings in Sprouts Farmers Market by 405.7% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 155,087 shares of the company’s stock valued at $6,638,000 after acquiring an additional 124,417 shares during the period. FinTrust Capital Advisors LLC bought a new stake in Sprouts Farmers Market during the 3rd quarter valued at $49,000. Raymond James & Associates raised its holdings in Sprouts Farmers Market by 21.9% during the 3rd quarter. Raymond James & Associates now owns 15,832 shares of the company’s stock valued at $678,000 after acquiring an additional 2,842 shares during the period. Foster & Motley Inc. raised its holdings in Sprouts Farmers Market by 3.5% during the 3rd quarter. Foster & Motley Inc. now owns 25,562 shares of the company’s stock valued at $1,094,000 after acquiring an additional 858 shares during the period. Finally, Reinhart Partners LLC. bought a new stake in Sprouts Farmers Market during the 3rd quarter valued at $16,682,000.

Sprouts Farmers Market Company Profile

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.