Jefferies Monetary Group Weighs in on Sprouts Farmers Market, Inc.’s FY2022 Earnings (NASDAQ:SFM)



Sprouts Farmers Market, Inc. (NASDAQ:SFM – Get Score) – Funding analysts at Jefferies Monetary Group lowered their FY2022 EPS estimates for shares of Sprouts Farmers Market in a word issued to buyers on Wednesday, Might eleventh. Jefferies Monetary Group analyst M. Fishbein now expects that the corporate will publish earnings of $2.18 per share for the 12 months, down from their earlier estimate of $2.22. Jefferies Monetary Group additionally issued estimates for Sprouts Farmers Market’s This fall 2023 earnings at $0.41 EPS, FY2023 earnings at $2.28 EPS and FY2024 earnings at $2.58 EPS.

Sprouts Farmers Market (NASDAQ:SFM – Get Score) final posted its quarterly earnings knowledge on Wednesday, Might 4th. The corporate reported $0.79 earnings per share for the quarter, beating analysts’ consensus estimates of $0.72 by $0.07. Sprouts Farmers Market had a return on fairness of 25.65% and a internet margin of 4.05%. The agency had income of $1.64 billion for the quarter, in comparison with analysts’ expectations of $1.65 billion. Throughout the identical interval within the earlier 12 months, the agency earned $0.70 EPS. The enterprise’s quarterly income was up 4.2% on a year-over-year foundation.

Different analysis analysts have additionally just lately issued reviews concerning the firm. Credit score Suisse Group lifted their value goal on Sprouts Farmers Market from $25.00 to $30.00 and gave the corporate a “impartial” ranking in a analysis report on Monday, February twenty eighth. Gordon Haskett boosted their value goal on Sprouts Farmers Market from $22.00 to $25.00 in a report on Monday, March seventh. Deutsche Financial institution Aktiengesellschaft boosted their value goal on Sprouts Farmers Market from $33.00 to $34.00 and gave the inventory a “purchase” ranking in a report on Wednesday, February twenty third. JPMorgan Chase & Co. boosted their value goal on Sprouts Farmers Market from $26.00 to $31.00 in a report on Friday, February twenty fifth. Lastly, Financial institution of America reduce Sprouts Farmers Market from a “purchase” ranking to an “underperform” ranking and lowered their value goal for the inventory from $40.00 to $25.00 in a report on Thursday, Might fifth. Three funding analysts have rated the inventory with a promote ranking, one has assigned a maintain ranking and two have assigned a purchase ranking to the inventory. In accordance with knowledge from MarketBeat, the corporate at the moment has a median ranking of “Maintain” and a median goal value of $27.33.

SFM inventory opened at $24.94 on Monday. Sprouts Farmers Market has a twelve month low of $21.18 and a twelve month excessive of $35.34. The corporate has a fast ratio of 0.70, a present ratio of 1.22 and a debt-to-equity ratio of 0.26. The inventory has a market cap of $2.73 billion, a P/E ratio of 11.39, a PEG ratio of 1.63 and a beta of 0.38. The enterprise’s 50-day transferring common value is $30.85 and its 200-day transferring common value is $28.78.

A number of hedge funds and different institutional buyers have just lately added to or lowered their stakes in SFM. FMR LLC elevated its place in shares of Sprouts Farmers Market by 18.4% in the course of the 1st quarter. FMR LLC now owns 1,549,395 shares of the corporate’s inventory valued at $33,375,000 after buying a further 240,447 shares over the last quarter. Amundi Pioneer Asset Administration Inc. elevated its place in shares of Sprouts Farmers Market by 26.4% in the course of the 1st quarter. Amundi Pioneer Asset Administration Inc. now owns 497,029 shares of the corporate’s inventory valued at $10,706,000 after buying a further 103,689 shares over the last quarter. Raymond James & Associates elevated its place in shares of Sprouts Farmers Market by 31.4% in the course of the third quarter. Raymond James & Associates now owns 67,627 shares of the corporate’s inventory valued at $1,567,000 after buying a further 16,178 shares over the last quarter. Raymond James Monetary Providers Advisors Inc. grew its place in Sprouts Farmers Market by 15.3% within the third quarter. Raymond James Monetary Providers Advisors Inc. now owns 12,824 shares of the corporate’s inventory valued at $297,000 after buying a further 1,697 shares over the last quarter. Lastly, Advisor Group Holdings Inc. grew its place in Sprouts Farmers Market by 2.1% within the third quarter. Advisor Group Holdings Inc. now owns 64,862 shares of the corporate’s inventory valued at $1,502,000 after buying a further 1,311 shares over the last quarter.

In different information, insider Dan J. Sanders bought 5,412 shares of the corporate’s inventory in a transaction that occurred on Monday, March seventh. The inventory was bought at a median value of $32.68, for a complete transaction of $176,864.16. The sale was disclosed in a authorized submitting with the SEC, which may be accessed by the SEC web site. Additionally, insider Gilliam Phipps bought 2,364 shares of the enterprise’s inventory in a transaction that occurred on Friday, Might thirteenth. The shares have been bought at a median value of $24.96, for a complete worth of $59,005.44. Following the transaction, the insider now instantly owns 28,272 shares within the firm, valued at roughly $705,669.12. The disclosure for this sale may be discovered right here. Insiders have bought a complete of 108,310 shares of firm inventory value $3,475,206 over the past ninety days. Insiders personal 0.71% of the corporate’s inventory.

About Sprouts Farmers Market (Get Score)

Sprouts Farmers Market, Inc presents recent, pure, and natural meals merchandise in the USA. The corporate presents perishable product classes, together with recent produce, meat, seafood, deli, bakery, floral and dairy, and dairy alternate options; and non-perishable product classes, akin to grocery, nutritional vitamins and dietary supplements, bulk gadgets, frozen meals, beer and wine, and pure well being and physique care.

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



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