Sprouts Farmers Market Inc (SFM) to Post Q2 2019 Earnings of $0.31 Per Share, Northcoast Research Forecasts

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Sprouts Farmers Market Inc (NASDAQ:SFM) – Equities research analysts at Northcoast Research issued their Q2 2019 earnings estimates for shares of Sprouts Farmers Market in a research note issued on Wednesday, May 8th. Northcoast Research analyst C. Cerankosky expects that the company will earn $0.31 per share for the quarter. Northcoast Research has a “Neutral” rating on the stock. Northcoast Research also issued estimates for Sprouts Farmers Market’s Q3 2019 earnings at $0.26 EPS and Q4 2019 earnings at $0.20 EPS.

A number of other brokerages also recently commented on SFM. Deutsche Bank upgraded shares of Sprouts Farmers Market from a “hold” rating to a “buy” rating in a research report on Monday, April 29th. BidaskClub downgraded shares of Sprouts Farmers Market from a “hold” rating to a “sell” rating in a research report on Thursday, April 4th. ValuEngine downgraded shares of Sprouts Farmers Market from a “hold” rating to a “sell” rating in a research report on Tuesday, April 16th. Gordon Haskett downgraded shares of Sprouts Farmers Market from a “hold” rating to a “reduce” rating and set a $21.87 price objective for the company. in a research report on Thursday, March 21st. Finally, Oppenheimer cut their price objective on shares of Sprouts Farmers Market from $31.00 to $26.00 and set an “outperform” rating for the company in a research report on Thursday, April 25th. Five analysts have rated the stock with a sell rating, eleven have given a hold rating and six have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $26.10.

Shares of NASDAQ:SFM opened at $22.17 on Thursday. The firm has a market cap of $2.76 billion, a P/E ratio of 17.19, a price-to-earnings-growth ratio of 1.82 and a beta of 0.48. The company has a quick ratio of 0.20, a current ratio of 0.88 and a debt-to-equity ratio of 2.84. Sprouts Farmers Market has a 1-year low of $20.58 and a 1-year high of $29.67.

Sprouts Farmers Market (NASDAQ:SFM) last issued its quarterly earnings results on Thursday, May 2nd. The company reported $0.46 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.40 by $0.06. The firm had revenue of $413.90 million during the quarter, compared to analysts’ expectations of $1.41 billion. Sprouts Farmers Market had a net margin of 2.78% and a return on equity of 26.41%. Sprouts Farmers Market’s quarterly revenue was down 67.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.50 EPS.

In other news, insider Shawn R. Gensch sold 3,310 shares of the stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $22.96, for a total value of $75,997.60. Following the completion of the transaction, the insider now owns 22,917 shares in the company, valued at approximately $526,174.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Theodore Edward Frumkin II sold 3,106 shares of the stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $22.95, for a total transaction of $71,282.70. Following the completion of the transaction, the insider now owns 31,826 shares of the company’s stock, valued at approximately $730,406.70. The disclosure for this sale can be found here. Insiders sold a total of 44,394 shares of company stock valued at $1,020,298 in the last quarter. Insiders own 0.70% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the company. Global Retirement Partners LLC increased its holdings in Sprouts Farmers Market by 100.8% during the 4th quarter. Global Retirement Partners LLC now owns 1,245 shares of the company’s stock valued at $29,000 after acquiring an additional 625 shares in the last quarter. Quantamental Technologies LLC purchased a new position in Sprouts Farmers Market during the 4th quarter valued at about $37,000. Acadian Asset Management LLC increased its holdings in Sprouts Farmers Market by 143.0% during the 4th quarter. Acadian Asset Management LLC now owns 2,211 shares of the company’s stock valued at $52,000 after acquiring an additional 1,301 shares in the last quarter. Cullen Frost Bankers Inc. purchased a new position in Sprouts Farmers Market during the 1st quarter valued at about $55,000. Finally, Quadrant Capital Group LLC increased its holdings in Sprouts Farmers Market by 4,318.8% during the 1st quarter. Quadrant Capital Group LLC now owns 2,828 shares of the company’s stock valued at $60,000 after acquiring an additional 2,764 shares in the last quarter. Institutional investors and hedge funds own 99.25% 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.

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

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